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September 20, 2007
License as an intangible asset
One of the categories of intangible assets is government licenses and rights. For example, everyone in the West knows the value of grazing rights on government land. Here is an example of a very expensive government license here in Washington DC -- NewsChannel 8 - The $1.2M Liquor License:
A piece of paper is going on the auction block in the District of Columbia and the opening bid is $1.2 million.
D.C. liquor license 74942 is one of only twenty permits allowing nude dancing and alcohol in the city.
Club Rendezvous owner Eric Whitehead bought the license last year for $200,000. Auction experts expect the license to fetch between $2 million and $6 million.
Not a bad profit margin.
Posted by Ken Jarboe at September 20, 2007 10:07 AM
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