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Elk River, Minnesota Market Study (CRO002 ~ February 2002) Page 2 <br /> <br />In summation, the first year sales for Site 1000 with 4,000 sales area square feet are $1,651,733 <br />or $412.93 per square foot, and grow to $1,868,131 or $467.03 per square foot in the third year <br />of operation. The existing Northbound Liquor will have sales of $3,558,025 during the stores <br />first year of operation and increase to $3,938,347 in the third year, nearly the same as its current <br />sales. Much of the existing stores strength are due to its location in the primary shopping district <br />in the area and its position near the Elk River's primary growth area. <br />A profit and loss analysis and break-even pro forma will best determine the feasibility of either site <br />and optimal size. If not now, Elk River should have sufficient potential in several years if <br />population growth continues at the expected rate to be able to support a second store. <br /> <br />Map Key 1 Sales $4,000,000 $4,501,222 $3,558,025 $3,224,688 <br />$/SF $888.89 $1,000.27 $790.67 $716.60 <br />Market Share 25.23% 23.33%~ 18.44% 16.71% <br />Site 1000 Sales $1,651,733 $1,521,956 <br />$/SF N/A N/A $412.93 $380.49 <br />Market Share 9.09% 8.38% <br />Totals $859,000 $986,432 $5,209,758 $4,746,644 <br />$/SF $917.74 $1,053.88 $612.91 $558,43 <br />Market Share 11.67% 12.72% 27.53% 25.09% <br /> <br />Dakota Worldwide Corp. <br />4801 81~ Street, Suite 105 · Mixmeapolis, MN 55437 <br />Telephone 800.475.4505 ° Fax 952.835.4461 <br /> <br /> <br />