Sections

Weather Forecast

Close
Advertisement

Liquor stores end three-year dip in profits

Email Sign up for Breaking News Alerts
News Alexandria, 56308
Echo Press
(320) 763-3258 customer support
Alexandria Minnesota 225 7th Ave E
P.O. Box 549
56308

Net profits at Alexandria’s two city-owned liquor stores bumped up a bit last year.

Downtown Liquor turned a profit of $69,950, up from 2012’s $69,213, and Plaza Liquor was in the black by $182,125, compared to 2012’s $173,064.

Advertisement
Advertisement

The numbers were in the annual liquor store audit approved by the Alexandria City Council Monday night.

Combined, the stores made a profit of $252,075 and $200,000 of that was transferred into the city’s general fund, which is used to offset tax increases. That’s the same amount that was transferred in 2012.

The combined sales at the two stores, $4.45 million, increased 1 percent from 2012’s $4.4 million.

Sales at both stores peaked in 2009 when combined sales topped $5.44 million. Sales dropped the next three years before leveling off in 2013.

Advertisement
Al Edenloff
Al Edenloff is the news and opinion page editor for the Echo Press. He was born in Alexandria and lived most of his childhood in Parkers Prairie. He graduated with honors from Moorhead State University with a degree in mass communications, print journalism. He interned at the Echo Press in the summer of 1983 and was hired a year later as a sports reporter. He also worked as a news reporter/photographer. Al is a four-time winner of the Minnesota Newspaper Association's Herman Roe Award, which honors excellence in editorial writing.  
(320) 763-1236
Advertisement
Advertisement
randomness