The $1.2M Liquor License|ABC 7 News

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The $1.2M Liquor License

posted 5:09 pm Wed September 19, 2007 - Washington

tags: license • liquor • nude • dancing

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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.

"We've seen everyone from the individual investor that is dreaming to own a club like this all the way to the individual that owns multiple clubs around the country," said auctioneer Stephen Karbelk of the firm Tranzon Fox. "It's the nation's capital - you can't go wrong owning any real estate or any license like this here."

Whitehead's club is being torn down as part of the National Capital Revitalization Corporation's redevelopment of the Skyland Shopping Center in Southeast.

"I'm sad for this particular club to go out of business," says Whitehead. "But personally it shows growth. I want to be able to move forward ... I actually want to do a jazz club."

Latest Comment on The $1.2M Liquor License

Wowzer

3:24 pm on 09/19/07

Hey Eboy and winstrv- lets build up a private equity fund and buy this.

Life would be good.

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