Established Absentee-Run Cedar Falls Liquor Store For Sale

Description

Established liquor store in Cedar Falls operating successfully since 1984 with a fully absentee managed structure and consistent annual sales performance ranging from $1.35 million to $1.45 million since 2021.The business benefits from a strong market position with no competing liquor stores located within a three mile radius and includes a fully operational drive through service.Average monthly in store sales range from $110,000 to $125,000. Major equipment upgrades have recently been completed, including shelving, freezers, walk in cooler condenser, and compressor systems.Daily operations are fully managed by employees and ownership is not involved in on site operations.Lease Terms• Five year lease in place• Monthly NNN rent of $3,000• Average utility expense of approximately $1,000 per month• Annual property tax of $4,268.38This opportunity is well suited for an owner operator, multi location operator, or E 2 visa buyer seeking an established turnkey business with stable performance, long operating history, and strong community presence.