PLCB Now Accepting Sealed Bids for Third Auction of Expired Restaurant Licenses
HARRISBURG, Pa., May 10, 2017 /PRNewswire-USNewswire/ -- The Pennsylvania Liquor Control Board (PLCB) today issued an invitation for bids to award 50 expired restaurant licenses in the third license auction since Act 39 became effective in August 2016.
This auction includes 50 licenses across 40 counties:
- Two licenses each in the following counties: Allegheny, Berks, Chester, Delaware, Lancaster, Lehigh, Luzerne, Montgomery, Philadelphia and York.
- One license in each of the following 40 counties: Beaver, Bedford, Blair, Bradford, Bucks, Centre, Clarion, Clearfield, Columbia, Dauphin, Erie, Forest, Franklin, Fulton, Huntingdon, Lackawanna, Lebanon, Lycoming, Mifflin, Monroe, Northampton, Northumberland, Perry, Potter, Schuylkill, Snyder, Somerset, Tioga, Westmoreland, and Wyoming.
The third auction will again use a sealed bid process, which successfully awarded 37 licenses in the first auction and 42 licenses in the second auction.
Bids for the 50 licenses offered in this restaurant license auction are due by noon on Friday, June 30. Bids will be opened and auction winners will be determined the week of July 3.
The minimum bid for each license is $25,000, and each bid must be accompanied by a $5,000 bid surety intended to avoid frivolous and underfunded bids.
The highest responsive bidder for each license will win the right to submit an application for the license to the PLCB within six months of auction award. If bid payment is not received within two weeks of auction award, the second-highest bidder will have opportunity to apply for the license. Bids will be held in escrow by the PLCB, pending approval of the license application.
Bidders with questions regarding this invitation for bid must submit inquiries via email to [email protected] by noon on Wednesday, May 24. Questions and answers will be posted to the Department of General Services e-marketplace website by noon on Friday, May 26.
Lists of winning bids from each of the two previous auctions are available on the license auction page of the PLCB website. Auction revenue cannot be totaled until license approvals are granted and bids come out of escrow.
The PLCB regulates the distribution of beverage alcohol in Pennsylvania, operates more than 600 wine and spirits stores statewide and licenses more than 20,000 beverage alcohol producers and retailers. The PLCB also works to reduce and prevent dangerous and underage drinking through partnerships with schools, community groups and licensees. Taxes and store profits ? totaling $15.1 billion since the agency's inception ? are returned to Pennsylvania's General Fund, which finances Pennsylvania's schools, health and human services programs, law enforcement, and public safety initiatives, among other important public services. The PLCB also provides financial support for the Pennsylvania State Police Bureau of Liquor Control Enforcement, the Department of Drug and Alcohol Programs, other state agencies and local municipalities across the state. For more information about the PLCB, visit www.lcb.pa.gov.
MEDIA CONTACT: Elizabeth Brassell, 717-783-8864
SOURCE Pennsylvania Liquor Control Board
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