Friday, November 4, 2016

Five Giant stores in Southeastern PA among winning bidders for expired liquor licenses

The Pennsylvania Liquor Control Board (PLCB) announced winning bidders yesterday for 37 "zombie" liquor licenses, and Giant Food Stores won 11 of them. Interested parties had to submit sealed bids for the licenses, which had expired.

The Giant stores in Southeastern Pennsylvania with winning bids include Bristol Township (Bucks County), Coatesville and East Caln (Chester), and Narberth and Skippack (Montgomery). The Narberth and Skippack licenses sold for $491,300 and $526,000, respectively. According to Philly.com, the selling price for a license in Montgomery County last year was about $250,000.

Convenience store chain Sheetz bought 15 of the licenses.

The PLCB said that about 1,200 licenses have expired since 2000 and will be sold through auctions in the months and years ahead.

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