76. Liquor Licenses – any business that wants to sell beer, wine, or hard liquor needs a liquor license in the state they operate. There are a variety of license types with some being much more valuable than others; ability to sell hard liquor with no food sales requirement at a bar is much, much more valuable than the ability to sell beer at a convenience store.
Some states and/or counties are very strict with the issuance of licenses; this creates value for the business owner as a barrier to entry for competitors.
If you can either buy or obtain a liquor license through some type of state lottery, you can obviously make money by operating a business that sells alcohol. However, sometimes you can make money simply by selling the license for more money than it cost you to obtain it.
