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Dan Newcomb Profile
Dan Newcomb

@dnewcomb

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Dan Newcomb is a Liquor License Broker based in Boston,MA. Follow me for tips on Selling and Buying Liquor Licenses throughout the US..

Boston, MA
Joined November 2008
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@dnewcomb
Dan Newcomb
8 years
Rude service, a medical emergency and ZERO follow up by @AmericanAir at Miami last week. #no surprise
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@dnewcomb
Dan Newcomb
7 hours
We don’t work with every buying or selling opportunity that comes our way. We want to exceed your expectations, but if those expectations are unrealistic, we won’t proceed. Our company grows from referrals, and you can’t get referrals from a client you can’t satisfy. That
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@dnewcomb
Dan Newcomb
1 day
Experience is what saves you from expensive surprises. I've worked on more than 1,500 liquor license transactions in Massachusetts since 2011. And what that really means is I've seen every way these deals can go sideways. All of these used to catch me off guard: - An attorney
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@dnewcomb
Dan Newcomb
2 days
I grew up in my dad’s restaurants. Here’s how that led me to liquor licensing and brokerage.👇
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@dnewcomb
Dan Newcomb
3 days
Transferring a liquor license in Massachusetts seems confusing at first… But it’s really just a straightforward 5-step process. Let me break it down 👇 Step 1: File The Application No surprises here. The process starts with filing an application at the local licensing
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@dnewcomb
Dan Newcomb
4 days
One of the main reasons for license transfer delays is failing to vet the buyer properly. Inquire about their criminal background, source of funds, and whether they have a lease or a letter of intent(site control) You’ll find that some buyers, whether they know it or not, are
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@dnewcomb
Dan Newcomb
5 days
How many retail liquor licenses can you own at once? In Massachusetts, the answer is currently 9. That’s right. Even if you’re a big box retailer like Big Y, Walmart, or Total Wine, you might have dozens of locations, but only 9 of them can offer liquor. And if you are in a
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@dnewcomb
Dan Newcomb
6 days
What happens to your debt when you sell your liquor store? That somewhat depends on who you owe money to. If you owe money to a wholesaler, for example, the license could still technically transfer, but that leaves the next buyer owing that debt. As you’d expect, buyers want
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@dnewcomb
Dan Newcomb
7 days
How does seller financing work when selling your liquor store and license? As the seller, you effectively become the bank, holding the license and other assets as collateral for the loan. One of the benefits of seller financing is that you’re making more money through interest,
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@dnewcomb
Dan Newcomb
8 days
Part of marketing a liquor store involves maintaining an orderly operation. Stocked inventory, a constant flow of customers, etc. Even if you plan on exiting that location soon, keep things booming as if you’ll be there for years. It’s a great look from the buyer’s PoV.
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@dnewcomb
Dan Newcomb
9 days
Maximizing value in liquor license transactions isn’t just about price.  It’s about timing, reliability, concept fit, and even the stature of the company.  The right buyer can make all the difference, especially when placing licenses in competitive retail spaces. Understanding
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@dnewcomb
Dan Newcomb
10 days
Before presenting you with a potential buyer for your store and license, we personally qualify the buyer. We screen them based on who we believe you and your landlord will be satisfied with. Plus, we make sure they’re even able to attain a liquor license in the first place.
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@dnewcomb
Dan Newcomb
13 days
Selling a liquor store takes time. Even if you can pocket the license for a few years, which many states don’t allow. But this doesn’t mean you shouldn’t have a post-sale plan when handing over the keys. Here’s our 5-step checklist to help you close out any remaining
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@dnewcomb
Dan Newcomb
14 days
Many people don’t know that in Massachusetts, once your business closes, you only have a limited amount of time to sell or transfer your liquor license. I learned this lesson early on in my restaurant brokerage days when liquor licenses became more and more of the transaction.
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@dnewcomb
Dan Newcomb
15 days
Like many industries, liquor license sales are not just about skill and experience, they are about relationships. Take Massachusetts, for example. While it’s true that any attorney can legally handle a license transfer, there’s a small group of local attorneys who focus on this
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@dnewcomb
Dan Newcomb
16 days
One of the biggest mistakes in buying or selling a liquor license? Hiring an attorney who isn’t a specialist.  A general practice attorney might save a few dollars, but a liquor license specialist ensures approvals, applications, and vendor obligations are handled correctly,
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@dnewcomb
Dan Newcomb
17 days
An exciting trend we’re seeing in many markets is that obtaining new on-premise liquor licenses is becoming more accessible. One reason is the shift in how retail space is being used… Ten to fifteen years ago, main streets were filled with bookstores, clothing shops, and other
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@dnewcomb
Dan Newcomb
18 days
Liquor license transactions take time, often 6 to 9 months, because of the formal investigations and approvals required at local and state levels.  Working with an experienced attorney who specializes in liquor licensing can make the process smoother and help avoid unnecessary
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@dnewcomb
Dan Newcomb
19 days
My daughter built a book club with +42,000 paying members (badb*tchbookclub dot com). What’s remarkable is that she’s done it entirely her own way. She created a space for women who share a love of books and community, many of whom weren’t finding that connection in traditional
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@dnewcomb
Dan Newcomb
20 days
Three hours sitting dead in the water near the UN building in New York. I timed the tide wrong coming up the East River. The current was coming one way, I was trying to go the other way, and I was going exactly zero miles per hour. For almost three hours, I made maybe a
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@dnewcomb
Dan Newcomb
21 days
Managing liquor licenses is a critical, often overlooked part of running large restaurant, hotel, and retail brands.  These teams are frequently understaffed and overworked, but helping them stay compliant, secure new licenses, and streamline operations is where we add real
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