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Ponpara.son of 1979 vs 1978 Performance Total gross sales for all stores in 1979 was 1 .ro18,8860, or $57,796 less than These gross sales figures were achieved even though one store (Hamline) way for half of the closed , and the reconstruction emotion of �xington Avenue had som affect on discouraging sales at the lexington Store. It appears that gross sakes decreased only about 5% because a significant n o f the Hine ous tars switched • number �' �' Here was an increase generally in the purchase of liquor, wine and beer. Also, there was a small crease in the cost of mrchandise which would further increase the gross sales fi es . Total net income from all stores was $48,277, up approximately $10 ,000 o ' year. However, net income from � � ��'�e�` operations was down slightly fr 1978, The Inca eas a in total net incomre was principally due to the sale of equipment from the Hamline Store, The reasons for the decrease in net income from operations � ns are the closing of the Hamline Store, and not effecting a corresponding Eeciu---ction l n � In administrative expenses.; In 1978, the Hamline store had earned a net profit of approxiimtely $10,000 and had administrative expenses of about $15,000, x Regardless of the above circurrrtances and factors,, the projections ode in February, 1979 on net profit figures have proven to be fairly well on tram. Analysis By Store Hamline store. The decision to close the Hamline store was tide . of 1979, when' it w the spring as learned that the rent would be substantially increased. The store was closed net in June and concluded with a slight profit � p t ( Z, 594 ) . This stare had traditionally been a good revenue roducer. However,. owever f �+►rzth the rent going fr $1,50- per square foot to $5.00 per square foot, the no longer Profitable, stare would le, Lexington Store. Gross sales increased a .roxiratel 7 stzuot1on of �� in 1979, .e rein- - �igtori Avenue is believed to have had an affect on sales # but the extent of this affect cannot be determined. r1his store experience, a loss for the ear but was ma • in F { l� � � F � re of a loss man projected �' . The pr�nolpal reason for the increased loss is due to re' allocating administrative expenses previously assume . Administrative e � � b the Haml.�ne Store, uses w� allocated in proportion to the gross sales of each store. These e)qoenses total app xizetel $50,000 and Manager s salary, f lean represent the Liquor More ce depart�r�t services, data processing, auditing and other miscellaneous iterm + g �Ww