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2019 Annual Report • Liquor Operations • St. Anthony Village, Minnesota <br /> <br /> <br />13 | P a g e <br /> <br />VI. Summary and Looking Ahead <br />LEGISLATIVE ISSUE <br /> Beer, Wine and Spirits in Grocery and Convenience <br />Stores <br />FACILITIES ASSESSMENT <br /> Assess the infrastructure of the buildings and the <br />need for repairs or replacement items <br /> Assess maintenance needs <br /> <br /> <br />2019 IN REVIEW <br />2019 was an exciting year at St. Anthony Village Wine and Spirits! Sales and profits continue to <br />increase after a few years of decline and we were honored <br />to receive many awards and recognitions. We continue to <br />be profitable in this continually changing market. We will <br />monitor legislative issues such as allowing the sale of <br />alcohol in grocery and convenience stores, which could <br />impact our sales and profitability. <br />St. Anthony Village Wine and Spirits controls the sale of <br />alcohol while generating revenue. Without our profits, a <br />need to reduce budget expenditures or increase fees and <br />property taxes could occur. Residents benefit from our operation which generates an economic <br />return on equity and capital, putting taxpayers’ dollars to productive use. <br />We are committed to our Mission and Vision Statements and believe they will guide us to <br />improve our operation. Our staff is committed to maintaining a unique retail environment and <br />market our stores to drive long term customer loyalty. We will continue to work hard by <br />providing excellent customer service, product selection, competitive pricing while providing <br />safe, bright and clean stores. <br />Thank you for your support in 2019 and beyond! We look forward to serving our customers and <br />residents where 100% of our profit enriches the community! Please contact me if we can assist <br />you with anything that would provide a better shopping experience for you, your friends and <br />neighbors. I can be contacted at mike.larson@savmn.com or call me at (612) 782-3455.