Established Cedar Falls liquor store operating since 1984

Description

Liquor store for sale in Cedar Falls, Iowa.

The business has been operating since 1984 and is currently run by employees without regular day-to-day involvement from the owner.

Annual sales have remained between approximately $1.35 million and $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
• Established local customer base
• No competing liquor store reported within approximately three miles
• Updated shelving and refrigeration equipment

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

Lease and occupancy costs

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

The store is located on Center Street in Cedar Falls.

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

The seller states that the business may be suitable for certain E-2 visa buyers, subject to immigration requirements and review by the buyer’s qualified advisors.