The bidding process for the sixth auction for expired restaurant licenses is now open. The Commonwealth is offering 25 expired restaurant licenses in a sealed bid auction. There will be one license offered in the following 25 counties:
Bids for the 25 licenses are due in Harrisburg by noon Thursday, August 2, 2018. The sealed bids will be opened Monday, August 6, 2018, and auction winners will be determined soon thereafter.
Please note, the minimum bid amount for each license is $25,000, and each bid must be accompanied by a bid surety of $5,000 or 5 % of the total bid amount, whichever is higher, so as to avoid frivolous and underfunded bids.
The highest responsive bidder for each license will win the right to submit an application for the license to the PLCB within six months of auction award. If bid payment is not received within two weeks of auction award, the second-highest bidder will have the opportunity to apply for the license. Bids will be held in escrow by the PLCB, pending approval of the license application.
– J. Ken Butera