Would you like to turn an $800 investment into as much as $150,000?
All you need to do is make a $375 down payment to the State of Idaho and be prepared to pony up another $425 when they issue a state liquor license. Licenses are issued on the basis of population–one license per 1,500 people and they are good only within city limits. Resorts and golf courses qualify under a different section of the code.
What that means in growth crazy Boise is that when a new subdivision is built or they annex 1,500 new residents–someone gets an $800 permit to sell booze which has a street value of up to $150,000.
The Boise waiting list currently has 110 eager investors on it. In Meridian there 49 waiting to get licensed and if population claims are true, that conservative community will soon have about 10 new hard liquor outlets.
The Alcohol Beverage Control–ABC– of the State Police administers the licensing. They require new booze peddlers to remain open 8 hours a day 6 days a week for the first six months of operation. And for good reason. Not only does the state make big bucks off the taxes, the only place you can buy hard booze is from the state government that regulates the sale and dispensing.
Not to worry however. Statewide, the chances of getting inspected by an ABC agent/investigator are slim to none. There are only TWO for the entire state from the Canadian border to Nevada.
By the way, if you don’t want to run your own retail booze operation, you can LEASE the license to someone else, sit back, and enjoy the profits. It is a better investment than cooking up meth since there is no need to buy pseudoephed at Wal-Mart.
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