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Schafer and Weiner Sells Liquor License

August, 2019

John Stockdale Jr. assisted a local Korean market to sell its beer and wine and liquor licenses.  This project involved negotiating with the purchaser and drafting the purchase documents that effected a quick sale of the liquor licenses at a discount from their fair market value.  The sale price reflected the purchaser’s risk that the Michigan Department of Licensing and Regulation may not approve the transfer of the liquor licenses to the purchaser.