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STATE AUDITORS REPORT FOR 1993
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<br />The following information is pertinent to you so you can judge how Nodhbound is doing compared to other municipal liquor
<br />stores. Bear in mind that this is the 1994 report. The 1995 report will not be available until early 1997.
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<br />TOP 12 OFF-SALE LIQUOR STORES FOR 1994
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<br />Rank _b_y .... Rank by # of Cost of Gross % Gross Profit % of Expenses % of Net Profit
<br />Sales - 93 Sales - 94 City Stores Population Sales Sales Profit relation/sales Expenses relation/sales Net Profit relation/sales
<br />1 1 Richfield 3 35,261 6,838,300 5,333,174 1,505,126 22.00% 926,487 13.55% 578,639 8.46%
<br />2 2 Edina 3 46,841 5,821,688 4,393,544 1,428,144 24.50% 839,710 14.42% 588,434 10.11%
<br /> 3 3 Columbia Heights 2 18,882 5,517,257 4,475,098 1,042,159 18.90% 788,424 14.29% 253,735 0.05%
<br /> 4 5 Eden Prairie 3 44,189 4,279,979 3,238,548 1,041,431 24.30% 714,774 16.70% 326,657 0.08%
<br /> 5 4 Lakeville 3 32,978 4,48__O_, 554 3,369,582 1,110,972 24.80% 733,308 16.36% 377,664 0.08%
<br /> 6 6 Apple Valley 2 39,188 3,498,888 2,608,954 889,934 25.40% 721,844 20.63% 168,090 0.05%
<br /> 7 7 Fridley 2 28,104 3,083,966 2,486,129 597,837 19.40% 499,826 16.21% 98,Oll. 0.03%
<br /> 8 8 Spring Lake Park 2 6,628 2,763,217 2,219,711 543,606 19.70% 401,741 14.54% 112,375 0.05%
<br /> 9 9 ! Brooldyn Center 3 28,484 2,698,373 2,023,603 674,770 25.00% 526,645 19.52% 148,125 0.05%
<br /> 10 11 Bk River - 1994 I 12,811 2,334,287 1,800,784 533,503 22.90% 266,204 11.40% 267,299 11.46%
<br /> Bk River - 1995 I 13,133 2,420,704 1,858,096 562,608 23.20% 274,968 11.36% 287,640 11.88%
<br /> 12 14 Bemidji 2 11,494 2,351,828 1,762,424 589,404 25.10% 418,731 17.80% 170,673 0.07%
<br /> 11 12 Anoka 2 17,509 2,314,068 1,792,226 521,842 22.60% 376,015 16.25% 145,827 0.06%
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<br /> Statewide Averages for 98 Stores - 1994 23.40% 16.00% 7.40%
<br /> Average of the above stores excluding FIN, River 1.70%
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<br /> Bk River 1995 23.20% 11.40% 11.88%
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<br /> The above chart does not reflect non-operating income
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<br />Comments:
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<br />Nodhbound: Net Profit of 11.88% is the highest among the top 12 stores.
<br /> Operating Expenses of 11.36% is the lowest.
<br />The above figures for Elk River do not reflect interest income ($36,146).
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