As used in this subchapter, unless the context otherwise requires:
(1) “Alcoholic beverages” means any alcoholic beverage which is sold at retail in Arkansas;
(2) “Director” means the Director of the Alcoholic Beverage Control Division;
(3) “Off-premise caterer” means an individual or business entity which:
(A) Has been in business for more than one (1) year;
(B) Sixty percent (60%) or more of whose gross sales for the preceding year have been derived from food sales;
(C) Had gross food sales in excess of one hundred thousand dollars ($100,000) for the preceding year;
(D) For a fee, prepares food and beverages to be consumed at private parties or other private functions; and
(E) Transports the food and beverages from the permitted premises to the premises where the private function is being held; and
(4) “Off-premise caterer's permit” means a license which authorizes the holder thereof to purchase alcoholic beverages from a permitted retail outlet, to transport the alcoholic beverages to a private function which is being catered by the permit holder, and to serve alcoholic beverages to attendees of a private function in conjunction with catered food.