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<br /> Local Option Sales Tax Analysis for Elk River, MN 21 <br />Eating/Drinking Establishments <br />15.0 percent of total taxable retail and <br />service sales <br /> <br />These 41 businesses sell food at full-service or <br />limited-service establishments. The group <br />includes cafeterias, bagel shops, ice cream <br />parlors, snack bars, food service contractors, <br />caterers, lunch wagons, and street vendors. It <br />also includes bars, taverns, and nightclubs. <br /> <br /> ($Millions) <br />Actual taxable sales $39.80 <br />Potential sales $37.03 <br />= $ variance $2.77 <br /> = as % of potential 7.5% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $37.03 <br />Surplus (local preference and non-residents) $2.77 <br /> Total $39.80 <br />Non-resident share per group 7.0% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $33.83 <br />Non-residents' $ share $5.97 <br /> Total $39.80 <br />Non-resident share per group 15.0% <br /> <br />Analysis and Recommendations for Eating/Drinking Establishments <br />According to expected sales estimates, Elk River brought in 7.5% more in <br />taxable sales than expected. Considering the high proportion of workers <br />leaving the community for work weekly, Extension set the non-resident <br />share of spending in this category at 15%, up from 7%. <br /> <br /> <br />