Trader Joe's Shells Out $205K for Package Store License
The Peabody store on Route 114 will soon be selling beer, wine and other types of alcohol if city officials approve.
Trader Joe's has agreed to shell out $205,000 for a liquor license so it can stock vodka, beer, wine, high-end liquers and other alcoholic beverages at its Peabody store. The supermarket, which is located on Route 114, is purchasing the all-alcohol package store license from Frank Martino, who owns Martino's Liquors & NY Deli on Route 1 South. Martino is then planning to seek one of the beer and wine package store licenses the city holds, according to Licensing Board Clerk Julie Rydzewski. The high sale price does set a new record in Peabody -- previously the record was at $135,000 for the full liquor restaurant license the Cheesecake Factory bought in 2007 from the owner of the former Collins Cafe. Liquor licenses are treated and held by …
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