Licensed liquor stores offer steady cash flow and a protected license — a straightforward retail acquisition where location and lease terms drive the deal.
Updated June 5, 2026 · live market data refreshed daily
Live from the Waterfall — refreshed daily and de-duped across the major marketplaces and broker sites we track.
The states with the most liquor stores listed in the Waterfall right now — tap through to that state’s full market.
National averages blur the picture — pricing for liquor stores swings by state. Here’s the live median in the states with enough priced liquor stores to trust a number, cheapest in Texas (~$240,000) and priciest in Florida (~$550,000).
| State | Listings | Median asking | Median cash flow | Typical multiple |
|---|---|---|---|---|
| Texas | ~100 | ~$240,000 | ~$70,000 | 3.6× |
| Colorado | ~80 | ~$340,000 | ~$160,000 | 2.1× |
| New York | ~150 | ~$450,000 | ~$170,000 | 2.6× |
| California | ~350 | ~$500,000 | ~$150,000 | 3.3× |
| Florida | ~250 | ~$550,000 | ~$170,000 | 3.2× |
Medians shown only for states with enough disclosed liquor stores financials to be reliable; smaller states are still building priced inventory. Rounded live medians from the Waterfall, not appraisals.
A sample of what’s live right now. Set a Buy Box to see only the liquor stores that fit your thesis.
Showing 4 of ~2,000 active listings · financials shown where the broker disclosed them.
The hard part of buying one of the liquor stores isn’t that there’s nothing for sale — it’s that the deals are scattered across general marketplaces, dozens of local broker sites, and a much larger pool of owners who never list at all. Searchers who win do two things: they cover the on-market sources we track in one place, and they go directly to owners off-market.
On-market, liquor stores show up across national marketplaces and the sites of regional brokers who work specific metros. Off-market is where the depth is — owner-operated businesses whose owners would sell to the right buyer but have never put up a listing. DealStratum’s Waterfall pulls the on-market sources into one live, de-duped feed; Owner Sourcing and Direct Mail reach the off-market owners.
Set your Buy Box to liquor stores (plus your states, price, and cash-flow range) and the Waterfall narrows to only the liquor stores that fit your thesis — refreshed daily and de-duped, so you’re not re-reading the same listing under three brokers. Add the ones worth a look to your pipeline in a click, and screen them fast with AI Deal Screening before you spend a week on diligence.
Searchers looking at liquor stores often also track:
Cover the on-market sources we track in one feed (a deal aggregator filtered to liquor stores) and go off-market directly to owners. Searching marketplaces one at a time misses both the regional broker listings and the much larger off-market pool.
Yes — most of them. The strongest liquor stores are owner-operated and never publicly listed. You reach them by sourcing the owner and contacting them directly. See finding off-market businesses.
Asking prices for liquor stores listed in the Waterfall right now range from about $8K–$8.5M, depending on cash flow, location, assets, and whether real estate is included.
Turn on the Waterfall, filter to liquor stores, and watch the matches come to you — on-market and off.