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TT HH EE ADVISOR TT HH EE NN AA TT II OO NN SS LL EE AA DD II NN GG LL II QQ UU OO RR SS TT OO RR EE LL II CC EE NN SS EE RR EE SS OO UU RR CC EE MAGAZINE FEATURED LISTING PAGE 11 HARD LIQUOR TOPS THE CHARTS PROPOSED BILL TO NIX U S CITIZENSHIP REQUIREMENT ISSUE 31 SEPTEMBER 2023 DRU NKIN DUNKIN

CEO s Note Time is ticking on Summer Looking For New Liquor Store Listings CLICK HERE Fall appears to be just around the corner September celebrates new beginnings transitions and moving into the last few months of the year Hard liquor makes a strong comeback along with unflavored beers which signals people are still leaning on more traditional tastes In a bid to change requirements for the manager of record on liquor licenses some believe having to be a U S citizen is outdated Cheers to a Labor Day full of relaxation celebration and connection for those who work so hard for this industry we love Sincerely DAN NEWCOMB Founder CEO Liquor License Advisor THE ADVISOR MAGAZINE 2 www LiquorLicenseAdvisor com Page 3 Hard Liquor Tops The Charts Page 4 5 Drunkin Dunkin Page 8 9 Proposed Bill To Nix U S Citizenship Requirement Page 11 NEW Liquor Store Listing Liquor License Advisor has been a trusted resource in the liquor store and license industry since 2002

Hard Liquor Tops The Charts Beer Popularity Remains Steady This Autumn by Dan Newcomb According to a Gallup Poll cited in a NY Post article Americans are drinking more hard liquor now than ever before The poll states that The number of drinkers preferring hard liquor 31 is the highest figure ever recorded in Gallup s tracking of booze preferences of US adults since asking the question in 1993 besting for the first time the 29 of Americans who drink wine Of note as well is that younger drinkers are more likely to enjoy beer and liquor whereas older drinkers prefer beer and wine On premise operators should analyze if their customer base tends to be older or younger and ensure that their menu offerings are in line with the data For those establishments popular amongst the younger generation some fun fall inspired cocktails will be a valuable addition to your menu whereas those establishments more frequented by an older crowd may want to try out a few cocktail offerings but highlight the beer and wine mainstays available Off premise owners should stock their shelves with plenty of hard liquor options and take note of which are selling more quickly than others Beer still remains the most popular alcoholic beverage across the board according to the Gallup poll and MassPack provides some insight on upcoming beer trends from BrewBound a source of beer industry news According to BrewBound fall shelf resets will look much different than in past years including the rising popularity of lager style beer unflavored beers dominating total beer sales and 12 pack and single serve cans proving the most popular packaging format Because other types of alcohol are rising in popularity both on and off premise operators should ensure that their bars have on hand and that their shelves are stocked with what consumers want namely lager style unflavored beers In particular off premise operators should also stock up on 12 pack and single serve cans of these beers This research is helpful to both on and off premise operators as they stock their shelves and prepare their drink menus for the chillier months ahead Ensuring that your business offers what consumers want is imperative for a successful upcoming season THE ADVISOR MAGAZINE 3 www LiquorLicenseAdvisor com

Drunkin Dunkin Dunkin s new Dunkin Spiked Line is Creating Quite the Buzz this Autumn by Michelle Hansford Autumn is rapidly approaching a season full of routine back to school and work busier schedules and a strong need for caffeine for most This fall your favorite caffeinated Dunkin Donuts beverages will be offered in spiked varieties as Dunkin launches their new line of caffeinated alcoholic beverages Dunkin Spiked According to Dunkin s August 14 2023 press release something boozy is brewing with the introduction of Dunkin s Spiked Iced Coffees and Iced Teas which are available in grocery and package stores as of late August Dunkin is partnering with Boston based Harpoon Brewery on the products and VinePair reported that Dunkin Spiked was added to the list of label approvals on the Alcohol and Tobacco Tax and Trade Bureau database back in May Dunkin Spiked will be available in 12 states In addition to MA you will also be able to find these products in CT DE FL ME NH NJ NY PA RI TX and VT available for purchase in liquor stores and grocery stores with a beer wine license but not at Dunkin locations The beverages which are malt based will be available in variety packs with both iced coffee and iced tea options Iced coffee lovers can choose from Original Iced Coffee Caramel Iced Coffee Mocha Iced Coffee and Vanilla Iced Coffee iced coffees contain 6 ABV while the tea flavors include Slightly Sweet Iced Tea Half Half Iced Tea Strawberry Dragonfruit Iced Tea Refresher and Mango Pineapple Iced Tea Refresher teas are slightly less boozy at 5 ABV The product launch has been the buzz pun intended across the internet from Facebook to Twitter to local news reports on Boston com and The Patriot Ledger as well as on VinePair the largest digital media company delivering content about drink culture and trends just to name a few sources of the news and reactions to it Boston com reports that Brian Gilbert vice president of retail business development at Dunkin stated that Dunkin Spiked is perfect for day or night enjoyment and that This new line of ready to drink adult beverages elevates Dunkin s offerings and we know our 21 fans will love every sip THE ADVISOR MAGAZINE 4

DRUNKIN DUNKIN CONTINUED What s your reaction to these new products hitting shelves this fall Will spiked coffee and tea options dilute the already saturated premade cocktail market Will the pre existing spiked tea brands suffer Do liquor store owners feel that these new beverage options are worthy of hitting their shelves this autumn As the days grow cooler and shorter it will be interesting to track if Dunkin can expand into the liquor industry THE ADVISOR MAGAZINE 5

FOR LIQUOR STORE AND RESTAURANTS OWNERS Our 20 years of experience in the industry have allowed us to become a major go to resource What We Do Traditionally we re known as a broker of liquor licenses and stores in the state of Massachusetts with clients in NJ RI CT and NY Our roots are in Boston however with this full New England perspective we re able to gain insight into trends policy and resources for our clients Who We Are We are a small sized family based team with big dreams We ve had the honor of representing more than 1500 transactions over the years and continue to strive to be the industry gold standard for our clients NEED ADVICE GET IN TOUCH Call Text 617 648 5558 Did You Know We Can Help With License Acquisition Strategy If you re expanding into new markets and want to get strategic we are here for you We know where the competition is and when to capitalize Liquor License Or Store Valuations Sometimes owners need to know the value of their assets to sell or for other personal reasons This is our wheelhouse Transition Planning If you are planning to exit your business in the next few years we can help you to plan to get the greatest return

IN HIGH DEMAND LIQUOR STORES WANTED CONTACT US NOW Call text 617 648 5558 Email team llausa com STORE OWNERS We have a number of highly qualified buyers looking for well run stores in specific locations Since the pandemic a specific store type and location have been in high demand Liquor stores doing close to or over 1 million in sales that are well run and in prime locations include but are not limited to CAPE COD SOUTH SHORE MIDDLESEX COUNTY If this sounds like your store or you ve been considering selling and want to know what your options are it s time for a confidential conversation WE RE HERE FOR YOU

B I L L P R O P O S E D T O N I XB I L L P R O P O S E D T O N I X U . S . C I T I Z E N S H I P R E Q U I R E M E N T F O RU . S . C I T I Z E N S H I P R E Q U I R E M E N T F O R L I Q U O R L I C E N S E O B T A I N M E N TL I Q U O R L I C E N S E O B T A I N M E N T BY MICHELLE HANSFORD

BY MICHELLE HANSFORD Our Team here at Liquor License Advisor often receives the question of whether someone must be a U S citizen to obtain a liquor license in Massachusetts Legally they do The way the law currently stands the manager of record for a business must be a U S citizen to obtain a liquor license which means that a non citizen cannot be listed as the manager of record if he or she requires a liquor license for his or her business Here in Massachusetts the license owner must actually be a state resident as well to go on recordas a manager or owner of a liquor license This citizenship restriction originates from a 1933 liquor law and some are speaking out about changing the law to allow non citizens to obtain liquor licenses According to an Axios Boston report dated August 18th a bill filed by Sen Patrick O Connor R Weymouth has surfaced which proposes to change this state law and to allow non citizens who have legal status to become the manager listed on a liquor license Lawmakers have until next year to move this bill forward THE ADVISOR MAGAZINE 9 The argument for changing the law according to Axios is that Small business owners supporting the proposal say current law effectively excludes immigrant owned enterprises and hamstrings American business owners who want to promote non citizens to management positions Additionally proponents of the proposal argue that The restrictions add red tape and expenses at a time when businesses are struggling to retain workers and keep costs down The proposed bill will surely ignite some controversy as some feel that this law is outdated and discriminatory while others will support the strict guidelines that have been instated for so long Although this bill will not affect the number of licenses available it would affect who can obtain them and how easily they can do so As we keep a close eye on this we will keep you updated on all news surrounding this proposal and how it will impact businesses like yours across the state We re here for you

THE ADVISOR MAGAZINE  | 11QUESTIONS ABOUT LISTINGS?Call/Text Ben Jerrom Partner & Buyer SpecialistCell: 617.936.7102OUR FEATURED LISTINGLiquor License Advisor is proud to offer, for yourconsideration, a unique opportunity to own a“reinvented” liquor store in a prosperous SuffolkCounty neighborhood. The store, which is currentlyoperating as a boutique liquor store within arestaurant, has a full liquor license and is ready toexpand into the 2,000 square foot restaurant space.This new concept presents an incredible opportunityfor a new owner who is seeking a high-end, freshlyrenovated store at a reputable, established location,complete with a full liquor license in an extremelysought-after neighborhood. Do not miss thisopportunity to reinvent this newly expanded space intoa thriving, upscale business! Featured Listing: Full Alcohol - Package Store Suffolk CountyReason For Selling: The owner isexploring other business opportunities.Opportunities: Online Presence, delivery,and special orders. Asking Price: $300,000 by Ben JerromContact Ben Jerrom directly for further details on all of our current listings.Call For InformationCall For Information

YOUR TRUSTED INDUSTRY PARTNERDid you know that for over 2 decades, our Founder, Dan Newcomb, hasbeen in the liquor license industry as the "go-to" for other industryprofessionals and leaders? Every phone call that comes into our office is about a liquor license. Wedon't work in any other industry besides liquor stores and licenses.We provide owners with a "firewall" to protect them from all of the pitfallswe know are out there throughout a transaction because we know how toprepare the deal and navigate the waters. We're here for you.Meet Our TeamDan NewcombCEO & FounderBen JerromBuyer SpecialistJennifer MedicoTransaction SpecialistGlenn LawlerSeller SpecialistMichelle HansfordSeller ConciergeSherri BeauchampMarketing SpecialistQuestions?Call 617.648.5558 orvisit: LiquorLicenseAdvisor.comKate NewcombProject Specialist

References Hard Liquor Tops The Charts Page 3 1 Bump Williams Big Changes Coming to Shelves This Fall Single Serves Lagers and Unflavored Beer Drive Incremental Growth by Zoe Licata on Aug 4 2023 https www brewbound com news bump williams big changescoming to shelves this fall single serves lagers and unflavored beer drive incremental growth 2 More Americans than ever are drinking hard liquor Gallup poll by Carl Campanile on Aug 14 2023 https nypost com 2023 08 14 more americans are drinking hard liquor gallup poll Drunkin Dunkin Page 4 5 1 SOMETHING BOOZY IS BREWING DUNKIN INTRODUCES NEW SPIKED ICED COFFEES AND ICED TEAS Dunkin Newsroom on Aug 14 2023 https news dunkindonuts com news dunkin spiked 2 Dunkin Spiked a buzzy beverage line will launch in late August by Shira Laucharoen on Aug 15 2023 https www boston com food food news 2023 08 15 dunkin spiked a buzzy beverage line will launch in late august 3 Dunkin Donuts announces new spiked coffee tea lines The internet reacts by Sara Chernikoff USA Today on Aug 10 2023 https www patriotledger com story money food 2023 08 10 dunkin spiked hard coffee tealaunch 70571637007 Bill Proposed to Nix U S Citizenship Requirement for Liquor License Obtainment Page 8 9 1 Massachusetts bill aims to loosen liquor license citizenship requirement by Steph Solis on Aug 18 2023 on Axios Boston https www axios com local boston 2023 08 18 massachusetts liquor license citizenship Special Contributions Acknowledgements Features Editor Editorial Assistant Michelle Hansford Kate Newcomb Magazine Digital Editor Sherri Beauchamp Liquor License Advisor 2023 All Rights Reserved Unless Otherwise Noted THE ADVISOR MAGAZINE 12

THE ADVISOR MAGAZINEB Y L I Q U O R L I C E N S E A D V I S O RThe Advisor Magazine runs on a monthly basis to keep stakeholders in theliquor store & liquor license industry in the loop.Liquor License Advisor10 Post Office SquareSuite 800 SouthBoston, MA 02109 617.648.5558www.LiquorLicenseAdvisor.comOctober 2023Come back for Issue #32 which will reveal the currentstate of the industry, how industry trends are shapingup, and more.