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103186.8A <br />TO: Mayor and City Council <br />Mark Bernhardson, City Administrator <br />FROM: Lorraine McGowan, Liquor Store Manager <br />DATE: November 5, 1986 <br />SUBJECT: Orono Liquor Store <br />After the 1.985 loss (the first in 20 years) I understood we had a <br />year to turn things around before a final decision would be made <br />as to the sale of the store. Our emp luyees and myse � f received <br />no pay increases, the two full time personnel hours were cut plus <br />the odd hours worked were at the store's needs, my hours were <br />long but we were willing to work hard at it to get the store <br />going again and make a profit. I can not say enough about my <br />staff because with all our efforts things have turned around and <br />we are looking towards a $20,000 profit for 1986. ('Which is an <br />increase of close to $28,000 over last yea- - a loss of $8,000.) <br />Our sales by the end of '86 will be increased close to $50,000. <br />This could not have been done without devoted hard working <br />employees. <br />The liquor business is unlike other businesses as so many things <br />effect it. New laws, taxes (state and federal) the economy and <br />the new trends in the industry. vie have had to change with the <br />times - for example 20 years ago wine was not even 1% of our <br />bisiness, now it is 30.38%. Our wine department is noted to be <br />one of the best in the area. <br />Our store is unique, as we serve a vast variety of people, so our <br />wide selection, service and quality of help has given the store a <br />reputation of being one of the best in the area. All of us had <br />one goal - to make Orono Liquor a store the City and the people <br />could be proud of and to make a profit for the City. I feel we <br />have done that over the past 20 years. <br />Listed below are the years and their net income: <br />1965 <br />$ 8,469 <br />1976 <br />$38,124 <br />66 <br />22,995 <br />77 <br />30,623 <br />67 <br />21,974 <br />78 <br />41,777 <br />68 <br />18,354 <br />79 <br />35,710 <br />69 <br />37,467 <br />80 <br />44,262 <br />70 <br />24,420 <br />81 <br />57,168 <br />71 <br />27,117 <br />82 <br />32,961 <br />72 <br />29,174 <br />83 <br />21,203 <br />3 <br />31,353 <br />84 <br />9,128 <br />'4 <br />39,296 <br />85 <br />- 8,594 <br />75 <br />37,077 <br />Total Income 1965-85 = $600,054 <br />An average of $28,574 per year <br />Average income past 5 years = $22,373 <br />1 <br />