Liquor stores end three-year dip in profits
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.
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.