City's Liquor Store made 5.5% profit in 2004
Submitted by Griff J Wigley on Fri, 12/30/2005 - 7:08am
The State Auditor has released an Analysis of Municipal Liquor Store Operations For the Year Ended December 31, 2004.
The report shows that the City of Northfield's municipal liquor store had a net profit of $118,500 (5.5%) for the year. (Click to enlarge graphic.) Stephen DeLong is the manager of the Muni.
Seems like this implies the potential for margin trimming (lower prices). While they should obviously be profitable and not cost the city (us) money, 2-3% profit would maintain a safety margin while easing the burden on customers (us as well).
Hey Griff:
Coming out of the NDDC Forum on Tuesday there was a question about what cost burdens for city services might have an impact the Muni's profitability.
Also, several people were wishing out loud that you'd link to the article in the Strib.
Thanks much,
Ross