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Elizabethtown ABC Store Update For June 20, 2020, Income Increased Over 20 Percent

According to the Elizabethtown ABC Store financial statement, the store located on Highway 87 west of Elizabethtown had their best year ever. During this past fiscal year, the store sold $1,911,875 in product.

This compares with $1,643,028 in sales for the previous fiscal year. The sales for this fiscal year included $1,845,106 in retail liquor sales, $63,201 in mixed beverage sales and $3,568 in mixer sales.

The net position increased by 24.93% from the prior year. The increase is due to increase in sales.

Income from operations increased 28.45% from the previous year.
This year the ABC store showed a gross profit on sales of $470,092 compared with the prior year gross profit of $390,944. Distributions for this year found law enforcement receiving $9,822 and alcohol education receiving $13,751. The town of Elizabethtown received a profit distribution of $105,000. The ABC Board has made distributions since inception November 1981 of $3,287,670 to the town of Elizabethtown.

The ABC Board Members are Charles DeVane, Chairman, Wayne Edge and Glendell Robinson and the store manager is Mark Gillespie.

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