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<br /> Local Option Sales Tax Analysis for Elk River, MN 23 <br />Personal Services/Laundry <br />0.7 percent of total taxable retail and <br />service sales <br />The 30 stores in this merchandise group <br />include barber shops and beauty parlors, <br />death care services, laundry and dry-cleaning <br />services, and a wide range of other personal <br />services, such as pet care (except veterinary), <br />photofinishing, temporary parking, and <br />dating services. <br /> ($Millions) <br />Actual taxable sales $1.85 <br />Potential sales $2.56 <br />= $ variance ($0.70) <br /> = as % of potential -27.5% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $2.56 <br />Surplus (local preference and non-residents) ($0.70) <br /> Total $1.85 <br />Non-resident share per group -37.9% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $1.76 <br />Non-residents' $ share $0.09 <br /> Total $1.85 <br />Non-resident share per group 5.0% <br /> <br />Analysis and Recommendations for Personal Services/Laundry <br />Local residents will likely comprise the vast majority of buyers in this <br />category of convenience services. Therefore, the non-resident share is <br />estimated to be a minimal five percent of total taxable sales. <br /> <br /> <br /> <br />