Liquor license escrows are very different from other types of escrows because they cannot close until the California Department of Alcoholic Beverage Control provides written authorization to the escrow holder. Furthermore, California law requires that if a transfer of an alcoholic beverage license or a liquor license and business is for consideration, then the licensee and the intended transferee must establish an escrow with a qualified escrow holder prior to filing an alcoholic beverage or liquor license transfer application.
California Business Escrow, Inc. is licensed by the California Department of Corporations and meets all of the requirements to act as an escrow holder for liquor license or alcoholic beverage license escrow. California Business Escrow’s experience with liquor license escrows and the alcoholic beverage control’s procedures assures our clients that their escrows will be administered with proficiency and skill.
For more information on liquor license escrows order our free report, “Ten Things You Need to Know About Liquor License Escrows”.