Following the latest restaurant license auction, the Pennsylvania Liquor Control Board has issued Notices of Selection to the top bidders on 20 licenses, three of which are in central Pennsylvania.
The local top bidders, with the license’s municipality and county, are:
· Specialty Lenders Ltd., Steelton, Dauphin County, $110,000
· Byler Holdings LP, Lebanon, Lebanon County, $151,001
· CHR Corp., Spring Garden Township, York County, $300,000
The deadline for submitting bids was Oct. 31. Winning bids ranged from $25,111 for a license in Benezette Township, Elk County, to $460,751 for a license in Uwchlan, Chester County. The average winning bid was $154,833.
A total of 69 bids were received, and one license in Cambria County received no bids.
Top bidders have 14 days from the date of each Notice of Selection to submit full bid payment to the Liquor Control Board. If payment is not received in a timely manner, the second-highest bidder will have the opportunity to purchase the license.
Each auction winner has six months from the issuance of the Notice of Selection to file a license application with the Liquor Control Board. Bids are held in escrow pending approval of the license application.
Revenue from previous license auctions is $32.9 million, with another $100,000 in escrow.
Paula Wolf is a freelance writer