CC PACKET 09082015 - Laserfiche WebLink

Home Browse Search

and increased competition (brewpubs and new off-sale liquor stores). Mr. Larson reviewed the 1 2015 Sales Projection, the 2015 Net Income Projection, and 2015 Sales Comparison. 100% of 2 the profits go back into the community. Gross profit is down $90,000. Operating expenses have 3 been reduced by $37,000. The 2015 Sales Projection is $5,595,494. Net profit is estimated to be 4 $171,865. 5 6 Mr. Larson reviewed the 2015 Accomplishments: 7 • Passed an alcohol and tobacco sales compliance check 8 • Wine and beer sampling events 9 • Combined educational seminars with other municipal operations 10 • Physical inventory counts (.0042%) Inventory being rotated on a monthly basis. 11 • Completed connection of fiber optic to both locations and City buildings. A perpetual 12 inventory is run between both stores. This will also help with credit card compliance. The 13 fiber optic is making the store much more efficient. 14 • Winner of the Lillie Suburban Newspapers Readers Choice Awards – “Best Wine” and “Best 15 Beer” Selection 16 17 Looking Ahead . . . . 2015 18 • Upgrade Credit Card Services to meet Federal Credit Card Compliance Laws 19 • Legislative Issues 20 • Sampling Events 21 • Alcohol Server Training 22 • Security System Upgrade/Replacement 23 24 Mr. Larson reviewed the Website www.stanthonyvillagewineandspirits.com: 25 • 2100 Visits per month 26 • Event Calendar 27 • Monthly Specials and Coupons 28 • Customer Survey 29 • Product Requests 30 • Store Hours and Locations 31 • Contact Information 32 33 Mr. Larson thanked the Council for their support of the Liquor Operations and the residents. He 34 recently attended a Night to Unite event and received many positive comments about the stores 35 and staff. 36 37 Mayor Faust stated the Council needs to be cognizant that the Liquor Operation is still making 38 money and keep the Mission in mind. He congratulated Mr. Larson and his staff for passing the 39 recent alcohol and tobacco sales compliance checks. Mayor Faust asked if the Liquor Operation 40 is able to purchase the same wine and spirits that Total Wine purchases and Mr. Larson stated 41 State Law regulates the proprietary brands and they are able to purchase the same items. National 42 Brands are heavily advertised. Mr. Larson stated they sell items to consumers based on their 43 preferences and needs. Profit margins are being reviewed when determining prices based on 44 what is going on in the economy at this time. 45 46 6