What to Expect After Selling Your Liquor Store

Once your store has officially changed hands, there are a few final steps that can help make the transition as smooth and complete as possible. Some of these may be required, depending on your location or agreements, but many are simply recommended based on experience to help ensure everything is wrapped up cleanly and both sides move forward with clarity and confidence.

This checklist, featured in The Advisor – Issue #48, outlines post-sale steps that can help sellers close out remaining responsibilities and hand off the business with peace of mind.

1. Transfer or Terminate Contracts, Utilities, & Services

Sharing copies of contracts — like your POS system, security, or payment processing agreements — gives the buyer a clear view of what’s currently in place. It’s also a good time to reach out to your utility providers (electric, gas, water, internet, phone) to cancel or transfer accounts and to wrap up any services like snow removal or cleaning services, so everything is squared away on your end.

2. Share Vendor & Supplier Information

Most stores work with a range of regular suppliers — like beer, wine, spirits, grocery, and ice. Providing the buyer with a vendor list makes it easier for them to get up and running. You may also need to notify vendors of the ownership change and close out any accounts or end contracts that won’t be continuing after the sale.

3. Leased Equipment

If you have any leased equipment (like ATMs, draft systems, or coolers), make sure to check the terms of each agreement and coordinate with the provider or buyer on next steps. This helps ensure the lease is properly transferred, returned, or closed out — so you’re not responsible for it after the sale.

4. Staffing & Payroll

Coordinate with your payroll provider to close out payroll and issue final checks to any employees under your business. You’ll also need to cancel your workers’ compensation insurance and, if you’re formally closing your employer account, notify the appropriate state agencies.

5. Close Financials

Close business bank accounts, cancel credit card processing, and terminate insurance policies (general liability, liquor liability, etc.). If your store had a lottery license, notify the appropriate authority to cancel or transfer it.

We know how much time and energy goes into selling a business — and we’re here as a resource to help you finish strong, stay organized, and step away knowing everything has been handled properly.

Click here to read April’s newsletter: The Advisor – Issue #48

What to Expect After Buying a Liquor Store

Taking ownership of a liquor store is an exciting new chapter — and a chance to make the business your own. Based on our experience working with hundreds of store owners, the following steps are recommended to help you establish efficient operations, maintain compliance, and build a strong foundation from day one.

This guide, featured in The Advisor – Issue #48, highlights operational steps that are easy to overlook in the planning process — but essential to hitting the ground running with clarity and confidence.

1. Utilities, Services & Access

Contact utility providers — electric, gas, water, internet, and phone — to transfer accounts into your business name. Verify activation dates and billing access. Arrange regular services such as trash removal, cleaning, snow removal, and maintenance. Update store access by rekeying locks, resetting alarm codes, updating safe combinations, and ensuring cameras and ID scanners are working properly. These measures support regulatory compliance and help prevent underage sales.

2. Vendor Management

Connect with applicable product suppliers listed by the seller, including alcohol distributors, grocery and ice vendors, and ATM operators. Submit any required credit applications to open accounts and establish delivery schedules.

3. Licenses & Compliance

Ensure all required and/or applicable licenses such as liquor, lottery, tobacco, and nicotine delivery systems — are active and clearly displayed. Staying organized and up to date with regulatory requirements is essential for businesses in this industry.

4. Staffing, Training, Payroll & Insurance

Set up payroll under your new business entity, whether retaining staff or hiring new. Register for state and federal employment taxes, secure workers’ compensation insurance, and ensure all staff hold valid TIPs certifications or equivalent training. This training isn’t just a formality — it’s an essential part of running a responsible, well-managed operation. This certification helps staff manage compliance-related situations, recognize signs of intoxication, and support responsible alcohol sales.

5. Banking & Payment Processing

Open a business bank account and set up credit card processing. Confirm that your POS and merchant services are connected, tested, and fully functional before opening.

We know there’s a lot to manage in the early days of ownership, which is why we’re here as a resource — to help simplify the transition, answer questions as they come up, and support your long-term success.

Click here to read April’s newsletter: The Advisor – Issue #48

The Investment That Helps You Sell Smarter: Breaking Down Our Fee

In this industry, every move matters. When it comes time to sell your liquor store or liquor license, choosing the right partner can make all the difference. Working with Liquor Store Advisor and Liquor License Advisor means gaining access to a trusted team with decades of experience, a powerful network of qualified buyers, and a deep understanding of what drives successful transactions.

Our fee reflects the hands-on expertise, strategic marketing, and full-service support we provide from start to finish. In many cases, our involvement not only leads to stronger offers — it also saves time, avoids costly missteps, and maximizes your final outcome.

Specialized Experience

Backed by thousands of successful transactions across multiple states, our team brings decades of experience guiding sellers at every level — from independent operators to national retail groups. We understand the valuation, licensing, legal, and operational complexities that make liquor transactions distinct. That insight allows us to help you price strategically, prepare with clarity, and close with confidence.

Operational Execution

Selling a liquor store or license isn’t just about finding a buyer — it’s about managing dozens of behind-the-scenes steps most sellers don’t have time to think about. From licensing paperwork and board hearings to city filings and timeline logistics, we handle the details that keep deals moving. We keep the timeline moving so you can focus on the finish line.

Marketing and Buyer Access

We don’t wait for buyers to find you — we bring your listing directly to serious, qualified prospects. Our outreach includes curated email campaigns, targeted digital marketing, and direct calls to pre-vetted buyers. Many transactions are matched before the listing even goes public through our Preferred Buyer List, which includes individuals, corporations, and investment groups actively looking for their next opportunity.

Communication and Transparency

We believe communication is everything. You’ll always know what’s happening, what’s expected next, and where things stand. From day one to closing day, we keep you informed — no guessing, no chasing. Our process is built on clarity, responsiveness, and a commitment to keeping things straightforward and stress-free.

Click here to read April’s newsletter: The Advisor – Issue #48

The Advisor Magazine: Issue #48

This month’s issue is packed with insights — from legal updates to strategy tips — designed to help you navigate what’s next in the liquor industry with clarity and confidence.

What’s inside Issue #48 of The Advisor: 

Timely regulatory updates and what they could mean for small producers

What’s behind our fee — and why it’s more than just a number

Transition checklists for sellers and buyers

A craft beer–focused retail opportunity now available in Norfolk County

Exclusive liquor licenses in high-demand areas

Click Here to Read The Advisor – Issue #48

The Advisor Magazine: Issue #47

With spring approaching, new opportunities are emerging in the liquor industry, and we’re here to set you up for success.

What’s inside Issue #47 of The Advisor: 

Massachusetts liquor news and what retailers need to know before April 8, 2025

Liquor License Advisor vs. Liquor Store Advisor

How we help sellers and buyers find the right opportunities at the right time

Exclusive boutique liquor store listing in Boston’s Back Bay

Liquor licenses available in key markets

Click Here to Read The Advisor – Issue #47

Champagne Problems: Where It Stands and Where It’s Going

Looking Back to 2024: Champagne Sales Lost Their Sparkle

In 2024, Champagne shipments declined by nearly 10% to 271 million bottles, according to the Comité Champagne. This downturn was primarily attributed to global economic uncertainties, inflation, and geopolitical conflicts, which reduced consumer enthusiasm for celebrations and spending on luxury beverages.

Additionally, LVMH, a leading Champagne producer, reported a 15% drop in sales during the first half of 2024. Adverse weather conditions, including frost and excessive rainfall, affected grape harvests and production, adding further pressure to the industry. Many consumers felt there was little reason to celebrate, leading to decreased demand for luxury beverages.

Looking Ahead to 2025: Champagne’s Path Forward

As the industry enters 2025, Champagne producers remain cautiously optimistic, though consumer spending habits are unpredictable. With ongoing inflation and shifting financial priorities, demand for luxury beverages may continue to fluctuate.

To adapt, industry leaders are repositioning Champagne as an affordable luxury, encouraging consumers to enjoy it beyond special occasions—from casual dinners to weekend brunches. Sustainability and organic production are also expected to gain traction as younger consumers prioritize eco-friendly and health-conscious choices. Meanwhile, the rise of low-alcohol and non-alcoholic alternatives continues to challenge traditional Champagne sales.

Climate change poses long-term risks for the industry. Rising temperatures, unpredictable weather patterns, frost, drought, and excessive rainfall continue to disrupt grape yields in the Champagne region. In response, producers are investing in sustainable vineyard management, regenerative agriculture, and soil conservation practices to protect their crops and ensure long-term viability.

Despite these challenges, Champagne brands are reshaping their messaging to emphasize everyday indulgence rather than limiting consumption to major celebrations. Some producers are also experimenting with lighter, organic, and more accessible Champagne options to stay relevant in a rapidly evolving market.

Click here to read February’s newsletter: The Advisor – Issue #46

The Advisor Magazine: Issue #46

With 2025 in full swing, major shifts are happening across the industry, and we’re here to keep you ahead of the curve. 

In Issue #46 of The Advisor, we cover: 

Why Champagne sales declined in 2024 and what it means for 2025

The latest updates on Massachusetts’ proposed generational tobacco ban

A growing demand for liquor stores in South Shore and Cape Cod

Exclusive listings and investment opportunities

Click Here To Read The Advisor – Issue #46

The Advisor Magazine: Issue #34

December 2023 Update – Gifting, Selling, Cannabis & More!
It’s a time to celebrate with the ones you love.
  • the future of partying – getting buzzed on cannabis drinks;
  • if selling during the holidays is a good idea;
  • what popular alcohol gifts to stock up on for the holidays;
  • and more!

The Advisor Magazine: Issue #33

November 2023 Update – Holiday Spending Habits, Inflation & More!
As we move into the holidays, consumer habits are changing, again.
In Issue #33 of The Advisor, we discuss:
  • how consumer’s alcohol purchases may change with inflation;
  • a surprise subject that came up at the Boston Hearing – restaurant pocket licenses;
  • how orange is the new white when it comes to serving wine this holiday season;
  • and more!
Click Here To Read The Advisor – Issue #33.

The Advisor Magazine: Issue #32

October 2023 Update – More Liquor Licenses Coming For Boston?
The last quarter of 2023 starts with some uncertainty in the liquor license market.
In Issue #32 of The Advisor, we discuss:
  • a recap of the October 2nd hearing for Boston’s Home Rule Petition;
  • how a new trend, Sober October, will impact sales;
  • what consumer trends are shaping up for this Fall;
  • and more!
Click Here To Read The Advisor – Issue #32.

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