Restaurant License Auction
Seventh Auction of Expired Restaurant Licenses Now Open - Bids Due Oct. 30
An invitation for bids is now open for the award of 33 expired restaurant licenses in the seventh license auction since Act 39 became effective in August 2016.
This auction, which will again use a sealed bid process, includes one license in each of the following 33 counties: Allegheny, Beaver, Bedford, Berks, Blair, Bucks, Carbon, Clarion, Clearfield, Columbia, Dauphin, Delaware, Erie, Forest, Fulton, Indiana, Jefferson, Lackawanna, Lebanon, Luzerne, Lycoming, McKean, Mercer, Mifflin, Monroe, Montgomery, Northampton, Northumberland, Philadelphia, Pike, Potter, Somerset and Wayne.
Bids for the 33 licenses offered in this restaurant license auction are due by noon Tuesday, Oct. 30. Bids will be opened Thursday, Nov. 1, and auction winners will be determined soon thereafter.
The minimum bid for each license is $25,000, and each bid must be accompanied by a bid surety of $5,000 or 5 percent of the total bid amount – whichever is higher – to avoid frivolous and underfunded bids.
The highest responsive bidder for each license will win the right to submit an application for the license to the PLCB within six months of auction award. If bid payment is not received within two weeks of auction award, the second-highest bidder will have the opportunity to apply for the license. Bids will be held in escrow by the PLCB, pending approval of the license application.
Bidders with questions regarding this invitation for bids must submit inquiries via email to RA-LBLicenseAuction@pa.gov by noon Tuesday, Sept. 25. Questions and answers will be posted to the Department of General Services e-marketplace website by 3:00 PM Thursday, Sept. 27.
Lists of winning bids from each of the six previous auctions can be viewed through the links to the right.