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Elk River, Minnesota Market Study (CRO002 ~ February 2002) Page 39
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<br /> PRO3ECTED MARKETPLACE
<br />PROJECTIONS ASSUME A JUNE 2004 OPENING
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<br />TRADE AREA TOTALS
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<br />Trade Area Jan 2002 Jun 2005 ~ Change
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<br />Population 58,180 70,906 21.87
<br />Potential 12,681,701 15,438,212 21.74
<br />Facility Volume 9,461,500 11,528,816 21.85
<br />Float Amount 3,220,201 3,909,396 21.40
<br />Float Percent 25.39 25.32
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<br />*0.07~ change in float reflective of population changes
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<br /> MARKET CHANGES
<br />ESTIMATED POPULATION GROWTH IS REALIZED
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<br />HI-WAY LIQUOR IN MONTICELLO UPGRADES AND EXPANDS TO APPROXIMATELY 6,000 SALES AREA SQUARE FEET AT MAP KEY 3
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<br />ST. FRANCIS LIQUOR UPGRADES AND EXPANDS TO APPROXIMATELY 2,200 SALES AREA SQUARE FEET AT MAP KEY 8
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<br />RIVERVIEW LIQUOR UPGRADES AT ITS PRESENT SIZE MAP KEY 10
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<br />ROGER'S LIQUOR RELOCATES TO A NEW 10,000 SQUARE FOOT FACILITY WITH 7,100 SALES AREA SQUARE FEET ADJACENT TO
<br /> SUPER TARGET AT MAP KEY 15.1
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<br />WISER'S LIQUOR (OPEN 6 MONTHS) IMAGE MATURES IN THE MARKET PLACE AT MAP KEY 16
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<br /> Forecast Current Fcst
<br />Facility ---Jun 2005 ....... Jan 2002 .... T.A. ~ Sales
<br /> Map Key Name Volume /SqFt Volume /SqFt Diff. Chg Area Draw Image
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<br /> i Northbound Liq 4,501,222 1000.27 4,000,000 888.89 400,978 13 4,500 80.00 161
<br /> 2 Lake Center Liq 1,615,344 621.29 1,650,000 634.62 -27,725 -2 2,600 80.00 143
<br /> 3 Hi-Way Liquors --closed ....... 2,800,000 666.67 -1,260,000 45.00 145
<br /> 3.1 Hi-Way Liquors 0 0.00 1,804,474 0 6,000 45.00 150
<br />4 Princeton Liquor 1,565,607 652.34 1,400,000 583.33 8,280 12 2,400 5.00 89
<br />5 Frontier 1,009,299 531.21 900,000 473.68 76,510 12 1,900 70.00 111
<br />6 P&A 564,542 161.30 500,000 142.86 51,634 13 3,500 80.00 61
<br />7 Uptown 451,587 205.27 400,000 181.82 41,270 13 2,200 80.00 74
<br />8 St. Francis Liq --closed ....... 850,000 1062.50 -42,500 5.00 90
<br />8.1 St. Francis Liq 0 0.00 100,049 0 2,200 5.00 95
<br />9 M&L Liquor 932,365 423.80 800,000 363.64 33,091 17 2,200 25.00 78
<br />10 Riverview Liquor --closed ....... 700,000 411.76 -665,000 95.00 105
<br />10.1 Riverview Liquor 956,395 562.59 0 0.00 908,575 0 1,700 95.00 110
<br />11 D&R Liquor 781,595 390.80 550,000 275.00 208,435 42 2,000 90.00 103
<br />12 Hacks 1,032,969 1377.29 900,000 1200.00 13,297 15 750 10.00 94
<br />13 Albertville Liq 1,520,737 563.24 1,300,000 481.48 22,074 17 2,700 10.00 92
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<br />Dakota Worldwide Corp.
<br />4801 81a Street, Suite 105 · Minneapolis, MN 55437
<br />Telephone 800.475.4505 · Fax 952.835.4461
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