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How to transfer Lotto license with c-store

I am in negotiations to buy a c-store in New Jersey with Lotto. Since the store has been open for only 3 months, I was told that the Lotto license could not be transfered to me for another 9 months. Is there a way to facilitate this situation?

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The BAF Group LLC
MD

Steve, since no one else is answering right away, I will take a stab at some direction for you. I am not in New Jersey, but in Maryland I can tell you that there is a similar situation and it cannot be shortened. (Our delay in the transfers are far less than 9 months, however.) In Maryland, the problem is legislative, which is to say that is it not a negotiable point, but something that is dictated by statute and bureacracy, rather than left to some governmental worker's judgement. The only way to determine whether there is an option is to determine whether there is not an attorney that regularly deals with the licensing process, on a frequent basis. We do that with liquor licenses here, and those attorneys that specialize in that area are worth every cent you might pay them, in getting work done efficiently and quickly. That being said, in Maryland there is no real advantage to doing that with Lotto; but it would be worth looking into, in your area. Good luck.

May 8, 2009

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