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October 26, 1993 <br /> Economic Development <br /> Micro Fund <br /> Elk River, Minnesota <br /> RE: Financial Projection for two Years. <br /> Dear Economic Development Board; <br /> The best way to show you where we are headed financially is to look <br /> at the past history in sales: <br /> July-December 1988 sales of $104,601.53 <br /> 1989 sales of $179,999.16 <br /> 1990 sales of $179,863.65 <br /> 1991 sales of $180,882.33 <br /> • 1992 sales of $197,066.21 <br /> January-July 1993 sales of $93,550.91 <br /> Spring of 1993 was slower than normal due to wet season, but fall <br /> is very busy and sales will catch up fast. <br /> We can safely say with our past history that we can expect sales of <br /> approximately $200,000.00 for the up coming two years. We also have <br /> all our equipment paid for and our move to our own building will cost <br /> about what we are paying now for lease �eC a oi,-,-� is ' 1„R36. ag- <br /> Qer vn0-11-1i. <br /> • <br />