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Absentee-Run Liquor Store with Drive-Thru in Cedar Falls, IA

Cedar Falls, IA, US

Added 2 months ago

Liquor Store

42 years in business

Absentee / Semi-Absentee

Liquor store in Cedar Falls, Iowa, operating since 1984, with no nearby liquor store competition and a drive-thru service.

Asking

$300K

Revenue

$1.5M

Earnings

$300K

Multiple

1.0x

Liquor store located at 2728 Center St, Cedar Falls, IA
In operation since 1984 (42 years established)
Fully absentee-run; owner does not work on-site
Business is completely employee-operated
Monthly inside sales average between $110,000–$125,000
No liquor store competition within a 3-mile radius
Includes fully functioning drive-thru operation
All major equipment recently upgraded (shelves, freezers, walk-in cooler condenser, compressor)
5-year lease at $3,000/month NNN rent; utilities average $1,000/month; annual property tax: $4,268.38
Business only for sale; real estate not included

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Established Cedar Falls liquor store operating since 1984. - Business for Sale