Looking to buy a liquor store?
Bidding began yesterday to sell 167 Washington State Liquor stores.
What: Purchase a WA liquor store. - Actually, purchase exclusive rights to apply for a spirit retail license that is associated with the former WA state liquor store. That right is transferrable and you can petition to move the store if an agreement with the landlord cannot be reached.
Who: Anyone.
How much: Bids start a $1,000.00.
Wenatchee Stores: Currently at less than $2,600 apiece. Check here for changes.
More Info at the WA State Liquor Store Auction website.
The auction to sell Washington State's liquor stores has now closed. 121 individual bidders won the right to take over the state run liquor stores. The bids on the 167 liquor stores totaled $30.75M.
More can be found here.
According to the Wenatchee World, the winning bid for the Wenatchee store location was $198,100 and for the East Wenatchee location $200,100.
Despite a court challenge to the initiative that approved privatizing liquor sales, the Washington Supreme Court has upheld that law. Therefore, as of tomorrow, Washingtonians can now by liquor from private businesses.