Established Absentee-Run Cedar Falls Liquor Store For Sale

Description

Liquor store for sale in Cedar Falls.

The business has been operating since 1984 and is currently managed by employees without regular on-site involvement from the owner.

Annual sales have ranged from approximately $1.35 million to $1.45 million since 2021.

Average monthly store sales are reported at approximately $110,000 to $125,000.

Business details

• Drive-through service
• Employee-managed operation
• No competing liquor store reported within approximately three miles
• Updated shelving and refrigeration equipment

Recent equipment work includes new or updated shelving, freezers, the walk-in cooler condenser and compressor systems.

Lease and occupancy costs

• 5-year lease
• Monthly NNN rent: approximately $3,000
• Average utilities: approximately $1,000 per month
• Annual property tax: approximately $4,268.38

Any liquor license transfer is subject to applicable state and local approval.

The seller indicates that the business may be considered by certain E-2 visa buyers, subject to immigration requirements and review by the buyer’s professional advisors.