The Pennsylvania Liquor Control Board announced Tuesday it is seeking bids for 50 expired restaurant liquor licenses in the fourth license auction since Act 39 became effective in August 2016.
This auction includes 50 licenses across 40 counties, including two each in Berks and Montgomery counties and one each in Lancaster, Lebanon and Lehigh counties.
The auction will again use a sealed-bid process, which has awarded 124 licenses in the previous three auctions.
Bids for the licenses offered in this round are due by noon on Nov. 9 and will be opened Nov. 16. Auction winners will be determined soon thereafter.
The minimum bid for each license is $25,000, and each bid must be accompanied by a $5,000 bid surety intended 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.
