Under this Program the NJEDA is making available grants to reimburse eligible small businesses and nonprofits for 50% (up to $100,000.00) for the purchase price of a New Jersey inactive Class C Plenary Retail Consumption Liquor License that was acquired within twelve (12) months of the application.
Some of the eligibility requirements include:
- Must own and possess a previously Inactive Plenary Retail Consumption Liquor License at time of application that was purchased within 12 months prior to application. NJ Division of Alcoholic Beverage Control (“ABC”) determines if the license was previously inactive.
- Applicants must be in compliance with ABC’s statute and regulations.
- Applicants must rent or own and operate from a NJ based commercial facility and own the liquor license, or, in the alternative, a separate holding company may own the liquor license for applicant’s exclusive use.
- Applicants must be open and operating for at least 12 months prior to application and must provide the most recent federal tax filing required to be filed for their business showing sales per gross receipts.
- Non-profit and for-profit entities that meet SBA’s definition of small business.
- Applicants must be in substantial good standing prior to approval with the NJ Department of Labor, and NJ Department of Environmental Protection.
- Only the purchase of a Class C New Jersey Inactive Plenary Retail Consumption Liquor License is eligible; no other costs associated with that purchase are eligible.
For more details and information please go to: https://www.njeda.gov/small-business-liquor-license-grant/
