Escrow
All liquor license acquisitions require an escrow, which is in essence a third party depository which holds the buyer’s money while the transaction is ongoing and disburses the funds to the seller at the close of escrow. Think of it as a bank designed to protect both the buyer and seller while a big money transaction is underway. As a buyer or seller, you want the assurance that no funds will change hands until ALL of the terms and conditions of the transaction have been fulfilled. The escrow holder has the obligation to safeguard the funds and/or documents while they are in their possession, and to disburse funds only when all provisions of the escrow have been followed.
The escrow process can often be complicated and confusing. Liquor License Specialists seeks to simplify that process by working with an escrow company that exclusively deals with liquor license escrows, ABC Escrow. This makes ABC Escrow particularly suited to help ensure that your escrow will move quickly and painlessly through the escrow process, since they’ve done thousands and thousands of escrows over the years. The escrow company is bonded, licensed, insured, and government regulated. This means you can deposit your money with complete security and comfort.
Member: Escrow Agents Fidelity Corp.
California Escrow Institute
California License # 9631735
Arizona License # EA0903609