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Well, with the rate of growth in Phoenix, this can't stand up to market demand for long... Someone wants to open a bar, so they buy a license for $90,000. Because they have to make that money back, their prices are higher than an established location. They go out of business and during the liquidation, sell it for cheaper. This can only happen so many times before one group holds an excess of licenses, or the price comes down due to lack of demand. If a business can't put together a model to recoup it's costs, it just won't bother to open.
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