NEW YORK · NAICS NAICS 445310, 445320
New York liquor store acquisitions turn on license value, goodwill, and trade-area demand, with state license transfer timing built into the closing schedule. Studies translate product mix, basket size, and competitive saturation into defensible projections, and the appraisal file resolves intangible value where the deal crosses the goodwill threshold.
FEASIBILITY TRIGGER
License and goodwill value above $250,000 of intangibles triggers the independent going-concern appraisal alongside any study, and New York license transfer timing enters the closing schedule.
SBA 7(a) and 504 lenders funded 796 liquor store projects across New York between FY2010 and FY2026, moving $301.7 million in approved capital at an average ticket of $379,000. That volume places New York at #3 of 38 states measured for liquor store SBA activity, or 5.5% of national liquor store dollars. The 7(a) program carried 98.0% of the loan count, with 504 taking the balance, and 100 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 796 |
| Approved volume | $301.7 million |
| Average loan size | $379,000 |
| 7(a) share | 98.0% |
| Approvals since FY2024 | 100 |
| State rank by loan count | #3 of 38 |
Among the 612 seasoned loans in this segment (approvals FY2010–FY2021), 4.4% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for liquor store is 4.4%, against 7.3% across all industries. That is broadly in line with the national benchmark for this asset class.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 4.4%, close to the national liquor store benchmark of 4.4%, puts New York deals in this class on ordinary SBA credit footing. Across 796 loans averaging $379,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every New York liquor stores project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
New York projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
State license transfer timing and dense urban trade areas shape the New York liquor store acquisition workflow.
For a national view of this asset class, see our liquor store SBA feasibility overview, and read our related analysis in the liquor store lending research on our blog.
Compare neighboring markets: New Mexico, North Carolina, Texas.
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