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Asado Wing & Taco Co. secures state liquor license for W Broad St

Asado Wing & Taco Co. secures state liquor license for W Broad St

Money Moves Richmond, VA local

Richmond eatery at 727 W Broad St clears one approval, still needs final inspections

Yesterday: Asado Richmond LLC receives ABC restaurant license

Overview

Updated 44 minutes ago

A new wings-and-tacos spot on Richmond's W Broad Street moved closer to opening. State records show the Virginia Alcoholic Beverage Control Authority issued a restaurant liquor license to Asado Richmond LLC on September 24.

The license permits on-premises alcohol sales, a main revenue source for a casual eatery. It is one approval among several: the restaurant still faces final city inspections and a completed build-out before it can serve its first customers.

Why it matters

For Richmond diners, this signals a new wing-and-taco option is coming to W Broad Street, pending final city approvals.

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Key Indicators

2026-09-24
ABC restaurant license issued
Virginia ABC approved Asado Richmond LLC's restaurant license for 727 W Broad St.
1
Publicly listed location for Asado Richmond LLC
The licensee appears tied to a single planned restaurant at 727 W Broad St.

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Organizations Involved

Timeline

1 event Latest: Yesterday
  1. Asado Richmond LLC receives ABC restaurant license

    Latest Regulatory

    The Virginia Alcoholic Beverage Control Authority issued a restaurant license to Asado Richmond LLC at 727 W Broad St, a step toward opening.

Scenarios

1

Asado Wing & Taco Co. opens on W Broad St

Likely Resolves by Q2 2027

Discussed by: Standard Richmond restaurant licensing practice

If Asado completes its build-out and passes remaining city checks, including fire, building, and food establishment inspections, the restaurant opens in the coming months. An opening announcement or first service would confirm the doors are finally open.

2

Opening stalls past a year

Possible Resolves by Q3 2027

Discussed by: Typical delays in city permitting and tenant build-out

Remaining inspections or fit-out work drag on, pushing the opening well beyond the initial approvals. The license stays valid while the restaurant sits unfinished, and no opening date is announced within a year.

3

ABC license lapses before opening

Unlikely Resolves by Sep 24, 2028

Discussed by: Cases where licensed restaurants never open

The project stalls permanently, the license lapses at renewal, or the LLC dissolves without ever serving a customer. The licensee lookup would show the license no longer active and no restaurant operating at the address.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

December 1933

Prohibition repealed (1933)

The 21st Amendment ended federal Prohibition, which had banned the manufacture and sale of alcohol nationwide since 1920. Control over alcohol rules returned to the states, leaving each to design its own system.

Then

States moved quickly to set up licensing and distribution rules for beer, wine, and spirits.

Now

Every state today has its own alcohol agency and permitting process, which is why a restaurant needs a license before it can serve a drink.

Why this matters now

Asado's license exists because of this 1933 handoff of alcohol regulation from the federal government to the states.

1934

Virginia creates its ABC Authority (1934)

Virginia set up the Alcoholic Beverage Control Authority, making the state the sole wholesaler of spirits and requiring a license for every business selling beer, wine, or mixed drinks. Restaurants became one licensed category among several.

Then

Selling alcohol in Virginia without a state license became illegal, and the state gained a revenue stream from spirits sales.

Now

Nearly a century later, the same body still approves every restaurant, bar, and store alcohol license, including this one.

Why this matters now

It explains why a state agency, not the city of Richmond, issued the Asado license on September 24, 2026.

Sources

(2)

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