Laserfiche WebLink
................................................ . . <br />From: Bonnie McDonald [mailto:bmcdonald@mnpreservation.org] <br />Sent: Tuesday, February 22, 2011 4:59 PM <br />To: Haug, Rebecca <br />Subject: FW: Rehabilitation Effect on Sales <br />Hi Rebecca: <br />~~~oN <br />1'NFpRM <br />l talked with Emily, our Minnesota Main Street Program Coordinator, about the question raised regarding the impact of <br />investment on sales. Please see below for some information generated by the National Trust to pass along to the HRA <br />member 4vho asked the question (gentleman in the grey suit, end of the table, glasses). <br />Thanks, <br />Bonnie <br />Bonnie McDonald I Executive Director <br />Preservation Alliance of Minnesota 1416 Landmark Center, 75 L~1, 5th Street, St. Paul, MN 55102 <br />0: (651j 293-9047 x104 I F: (651) 209-9291 I C: (b51) 207-7693 I E: <br />bmcdonald~mnpreservation.or~ I Gvww.mnpreservation.or~ <br />~-~ Before printing this e-mail or attachments, please consider the environment. <br />bite support what is important to your business. Spansc~r our work, maximize year rewards. <br />Click here for more details. <br />From: Emily Northey [mailto:enorthey@mnpreservation.org] <br />Sent: Monday, February 21, 2011 12:18 PM <br />To: bmcdonald@mnpreservation.org <br />Subject: Rehabilitation Effect on Sales <br />Here is a very small survey conducted in 2005 by the National Trust Main Street Center on what effect building <br />rehabilitations had on business sales (in that building). <br />The survey sample is really small (only 5 stores) but here's what they said: <br />The average rehab cost was: $53,750 <br />The average increase in sales after the rehab was: 16% <br />Survey respondents were: <br />1. store had been in businesses for 3-5 years <br />2. the merchant or building owner gave the store a physical rehabilitation (even just a new paint scheme) <br />3. the rehab happened 1 year ago and the merchant has about a year's worth of sales tracking to review. <br />Emily Northey Minnesota Main Street Program Coordinator <br />Preservation Alliance of Minnesota ~ 416 Landmark Center ~ 75 W 5th St. ~ St. Paul, MN 55102 ~ 0: 651.293.9047 x4 ~ C: <br />651 <br />.~` -, }~ .262.8770 ~ enorthey(a?mnpreservation.or~c ~ mnpreservation.org <br />~~,~: ~Y~ <br />