Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens to the risk assessment and conditions if I sell my business and transfer the liquor licence?

0
Posted

What happens to the risk assessment and conditions if I sell my business and transfer the liquor licence?

0

Before a licence is transferred, a new risk assessment is done on the proposed licensee and his/her proposed establishment (see Question 4). While some things about a premises won´t change (for example, it is still in the same neighbourhood), the new owner might change the type of business (for example, a sports bar becomes a fine dining establishment or vice versa) and that might mean different types of risk. The new owner will also have a different business background, etc., than the person transferring the licence, which could lead to different risks being identified.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123