Glendale, CA (PRWEB) December 1, 2008
On October 9 the Wall Street Journal featured a front-page story titled "First Into Recession, California Shows Possible Future for U.S." Yet for the California restaurant industry, a recession may prove to be a double-edged sword. "Bursting price bubbles aren't always bad," said Jon C Mejia, national sales manager for Amlex. "For many of our clients, this is an opportunity to get on a level playing field with their better funded competitors."
For example, in January of 2008, prior to the economic collapse, county recorder notices showed that full liquor licenses sold in Los Angeles County in the $80-90,000 range, effectively putting a liquor license out of range for many smaller operators.
However, by October of this year, sellers were selling their licenses in the $45-50,000 range as concern grew that the tanking economy would mean even lower prices in the near future. That 50% drop in price means smaller businesses can again afford to compete with their better-funded competitors. So what other positive changes can our current economic climate bring to restaurant operators?
"I'm anticipating seeing far more cooperation from city zoning departments," said Mejia. "With tax revenues drying up due to the drop in real estate values, helping business owners rather than delaying their liquor license applications seems to be on the rise."
The backbone of the restaurant business traditionally has been small business operators and the price decreases are an unseen benefit in an otherwise stormy business climate.
For more information about issues related to the food and beverage industry, call Jon C. Mejia, author of Insider Secrets Revealed: A Liquor License Specialist Tells All. At 800-711-2114 Ext. 350
You can also visit The American Liquor License Exchange's web site at http://www.Amlex.com
Name: John Mejia
Address: 450 N. Brand Boulevard, Suite 600
Country: United States
Web Address: http://www.amlex.com
Business Blog: http://iblogit.com/amlex
Phone: 800-711-2114 ext. 350