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r <br /> � ORONO COUNCIL ���EETING HELD JAUNARY 10, 1977 Page 28 <br /> This heing the holiday season, comparisons to 1975 LIQUOR STORE LEASE <br /> , may or may not reflect a change in sales for the <br /> �, 'ast two weeks of 1976. <br /> � 1975 1976 <br /> � $24,130e46 $25,181.79 = + $1,051.33 <br /> � Tize increase includes two more days than 1975e <br /> • Th�-:re are many factors to considere Our <br /> customers now enjoy the advantage of the <br /> � added parking availablea The new Super Valu <br /> is also drawing new customers to the Na•�arre <br /> � area, sVe only have to let them know we are <br /> � only a half a block away with ample parkinge <br /> �t vaill also be a matter of 4-8 weeks before <br /> � I4e�veny opens a new expanded drug store in <br /> the old Super Valu building (which also has <br /> � �che post office) and I am sure it too will <br /> . i�ring new customers to the area. <br /> Therefore, IF we stay in the location we oL�e <br /> � ror the year 1977, I would estimate our sales <br /> � t,� hold around $375,000. In 1975, ��e did <br /> �;pproximately $374,000 and in 1976, approximately <br /> • $376,000. <br /> * � do not feel we can increase our sales sub- <br /> .antially unless we advertise, expand or <br /> � relocate, Not only because of these facts, but <br /> � also the uncertainty of the liquor industry and <br /> 'tl�e increased competition moving out from the <br /> �Tflinneapolis and suburban areas. In other words, <br /> our expenses would increase, cutting into aur net <br /> • i�come for 6-12 months. Then we could show an <br /> in�rease in sales and a growing of our net income. <br /> �'ihe area is growing, and if we have the facilities <br /> �;:o c�raca more customers to the Navarre area, we <br /> could look for a greater revenue for the City of <br /> �Orono. As for the rent increase now facing <br /> us for 1977, some was taken into consideration in <br /> �making out the budget. I do not feel this increase <br /> is going to make a large difference in our net <br /> •income for 1977. However, the main concern is the <br /> r�nth to month basis of the terms. Mr. Keaveny <br /> �does have a plan to build us a store, if the <br /> �original store is sold but he does not have any <br /> pxi.ces available at this timee <br /> s <br /> It is my recommendation that the City of Orono <br /> •should take the time NO[a to decide, look ahead <br /> and make plans for the liquor operation in order <br /> �- keep the revenue coming in. <br /> an ilest moved, P�Iassenga].e seconded, to refer to <br /> Sthe legal department the liquor store lease for <br /> redrafting of the Rental Agreement eliminating <br /> �he month to month lease clause. Plotion, <br /> :y�s (4) - Nays (0) , <br />