Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

54
Posts
9
Votes
John Bowen
  • Real Estate Investor
  • League City, TX
9
Votes |
54
Posts

Leasing to a tenant needing a liquor license

John Bowen
  • Real Estate Investor
  • League City, TX
Posted

Anybody lease to a tenant who's business requires getting a liquor license? We have a prospective tenant for a 6,000 square foot flex space that will need to get a state liquor license for his business.
They are caterers of sort, they put on these big festivals at parks and fairgrounds. They need a physical address bar in order to sell beer at these festivals. Supposedly 2 bar stools, a mens and ladies bathroom, and one beer in the fridge.
The need the big space to store their equipment, prepare for these festivals, and office use. It is a custom hot rod shop on one side of the space and a diesel engine business on the other side. (Ours, my main business. )
The state requires a large sign be posted on the door for 60 days regarding the application for the license. The prospect does not want to sign the lease until the state approves the location. We have worked out a fair deal regarding the lease rates and build out they will do as the spot currently has a terrible lay out.

We have owned the place for 6 months and this is the only serious tenant so far. We don't need it leased, but some extra income and somebody doing a nice remodel would be good. (I have put some strong wording about the build out approval, plans, insurance and such in the lease.)

Thoughts?

Loading replies...