The Pennsylvania Liquor Control Board is planning to auction another 33 expired restaurant liquor licenses this fall, adding to the more than 200 it has sold over the last two years.
To date, the PLCB has sold 210 licenses in auctions, which were authorized under the Act 39 liquor reform law in 2016.
Bid prices have fallen off since the first auction, which saw licenses in fast-growing areas such as Cumberland County and suburban Philadelphia sell for as much as $556,000. Licenses in smaller and more rural counties often sell near the minimum bid price of $25,000, while some licenses fail to attract any bids.
Last month, the PLCB announced 19 winning bids for 25 available licenses. Giant Food Stores paid the highest price — $350,001 — for a Bucks County license.
Supermarket chains such as and Weis Markets have been active at auctions, along with convenience-store chains such as Sheetz and Rutter’s. Giant and Sheetz have been the biggest buyers.
Bids for the current auction are due by noon Oct. 30. Bids will be opened Nov. 1 and winners will be determined soon after.
The highest bidder wins the right to submit an application for the license to the PLCB within six months of auction award.
The PLCB said auction revenue recognized from all previous auctions totaled $22.1 million, while another $5.2 million remains in escrow, pending license approvals.