Newspapers / The Chowan Herald (Edenton, … / July 12, 1976, edition 1 / Page 13
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July 12, 1976 Vodka Tops Sales At ABC Stores by JOHN COIT Financial Times Writer Bye Whiskey, Rye Whiskey, Rye Whiskey, I cry If I don't get Rye Whiskey, I surely uAU die. RALEIGH—Some folks sure do like their booze, as the old ballad says. In North Carolina last year, Alcoholic Beverage Control stores sold over $204 million in liquor, with vodka taking the lead over the old Southern favorite: Bourbon. Apparently Tar Heels, like the boys down at Georgia Tech, like their whiskey clear. For the past couple of years, conforming to national trend, vodka—particularly, Smirnoff —has led in sales. That’s because it’s cheap (Smirnoff 80 proof is $4.95 a fifth) and as any Russian will tell you, the stuff gives the drinker a nice buzz for the buck. Through March of this year, Smirnoff 80 proof sales in North Carolina had risen 8,161 cases over the same period last year. The state’s No. 2 favorite, Canada Dry vodka, was up 9,541 cases over 1975. Canada Dry sells for $3.85 a fifth. Ancient Ancient Age, for years North Carolina’s leading liquor, has dropped to third place and is still falling. Case sales dropped 976 for the first three months of 1976. Smirnoff 80 proof sold 48,428 cases through March, Canada Dry vodka 24,597 and Ancient Age 24,379 in North Carolina, according to the Business Opportunities How to Use Here's how you cen advertise what you want to buy or sell in this special section. CLASSIFIEDS—AII "classified” ads will have the format seen In this section. There are two basic rates: $25 for ONE TIME for up to 50 words plus $.25 for each additional word—or—sso TOTAL for FOUR CONSECUTIVE TIMES for up to 50 words plus $.50 for each additional word. The Carolina Financial Times offers a box-reply service at no charge for classified advertisers. Replies to CFT box-reply ads will be fully confidential and will be forwarded weekly to advertisers Classified ads are accepted ON A PREPAID BASIS ONLY. To place your ad, send your copy, with a check or money order, to CFT Classified Dept., P.O Box 5978, Raleigh, N.C 27607. Make checks payable to Carolina Financial Times. To determine the cost of your ad, count the words in the body copy only—the CFT provides a introduction phrase free. Be sure to include the words in your reply address. A CFT box-reply address counts as fbur words. We don’t intend to nit-pick on the number of words, so please don't try to fudge. TWO FAMILY RUN businesses at Oak Island. Ideal semi-retirement opportunities Profitable conven ience store. Drive-in restaurant-dairy bar. Both have two bedroom apartments behind the stores. Two blocks from ocean and golf course. 7 miles south of Southport, N.C. May be purchased separately Contact Commercial Realty Co., 3909 Ole ander Dr., Wilmington, N.C. 28401. (919) 791-1381. SEVEN SMALL and medium size businesses for sale in Wilmington. N.C. Three are well established national franchise food businesses in excellent locations. Cash required $lO 000 to $70,000 Contact Com mercial Realty Co., 3909 Oleander Dr.. Wilmington, N.C. 28401. (919) 791-1381. PROFESSIONALBusiness Coun selors—General Business Services is looking for people who want to own their own businesses. Your background in accounting, manage ment, and counseling, may qualify you. Join top-rated counseling firm providing services to small busi nesses. Choice locations available. $15,000 fee covers training, field training, inventory. Call collect or write: W.D. Reynolds, 4808 Rembert Drive, Raleigh. N.C. 27612. 919-787-9162 WANTED TO ACQUIRE —Small to medium size leasing company In North Carolina Reply CFT Box E. LADIES DRESS SHOP FOR SALE Owner retiring Best lines: Kimberly Knits, James Kenrob & Dalton, Vanity Fair, Lilli Ann, David Crystal, Leslie Fay, R.&K , Act 111 & Butte Knit Past performance excellent. In business over 25 yrs. Same location. Lease available. Reply CFT Box 7268. OCEANFRONT Condominiums: 1 bedroom, fully equipped unit in luxurious Coral Bay at Atlantic Beach. N C Write Mark Price, 305 S. 18th Street, Morehead City, N.C.. 28557. 2 bedroom, 2Vibath, 4 balconies, fully equipped residence in The Coral Bay, Atlantic Beach, N.C. Write Carteret Carolina Devel opment Corporation, 422 Huffman Mill Rd . Burlington, N.C.. 27215. MUSIC STORE CHAIN —Located in North Carolina. Product lines in i'ude Hammond, Thomas, Kaw r Everett. Currier, Conn. Fenqt-r v/ipson, Kustom, etc. These stores located in mall and downtown locations. Retained earnings end of year. $70,000. Net sales FYC 4/30/75, $684,628. Owner retiring. Asking $380,000, terms negotiable Reply CFT Box A. Carolina Financial Times National Alcoholic Beverage Control Associa tion. Smirnoffs 80 proof sales were 202,675 for the last 12 months ending in March, almost double the next closest competitor. Liquor sales were apparently affected by the 1975 recession—case sales dropped 2.5% for the year ending in March. And case sales have risen only modestly since 1971—about 5.7%. Contrary to popular belief, the state is not in the liquor-selling business. It does what the name of the board implies—control. The counties, however, are in the business of selling spirits and they use profits from their ABC stores as they see fit. Some towns also have their own ABC stores. For a municipality to get into the package store business, a special law must be enacted by the General Assembly. Counties approve liquor sales by referendum. The state actually acts as a distributor and warehouseman—although even those func tions are contracted out to private business. What the state does is collect the taxes—and they are substantial. Best estimates are that it costs the manufacturer about 50 cents a gallon to produce liquor—the rest of the retail cost is state and federal taxes and the retail markup. The state tells the counties what the markup will be. In is usually about 10%, said Wiley Ruth of the ABC Board here. The federal government taxes liquor at a 22% rate and the state uses a complicated formula to get AUTO DEALERSHIP-Dealer and financially qualified to purchase a dealership, GM, Ford, or GMC—any where in North or South Carolina or Virginia. Will handle confidentially and ready to move now. Reply CFT Box I. INSURANCE AGENCY WANTED Fire & Casualty, to merge or complete buy out, will consider any in North or South Carolina area. Reply CFT Box F. CHICAGO INVESTMENT GROUP seeks profitable manufacturing oper ation. all types considered —will pay up to 50% in Cash! Reply CFT Box H. NEW YORK COMPANY seeks soft nk bottling plants or dairy ,ierations in the Southeast —prefer vorth or South Carolina. Reply CFT -,4X G. INVESTMENT lndoor-Outdoor living. 58 Thermopane windowdoors, 3 skylights, 3,400 sq.ft, one level modern, all brick, terrazzo floors, exposed beams throughout, 3 baths. 5 bedrooms, low maintenance Located In Raleigh off Ridge Rd across beltline. Durham Life Bldg Situated on 7.3 acres. House 1 acre appraised 98.500. Additional land negotiable. Reply CFT Box 719A. ADVERTISING/MARKETING DIRECTOR— If you need one with first-hand, successful experience in each type of medium you're likely to use WE NEED TO TALK. Excellent record in corporate, agency, and membership management structure with emphasis on sales, preparation of promotional materials, creative direction, media planning, selection and analysis. Write CFT Box 726A SPORTING GOODS RETAIL SHOP located in Piedmont North Carolina. Sales 1975 —5233,480, 1974- $275,000, 1973—5250,000. Profit able Has been in operation for 5 years. 4500 sq. ft. Sells primarily golf & tennis equipment. Sales price SBO,OOO (inventory and fixtures) plus 10%. Inventory can be negotiated to suit buyer. Terms. Cash or negotiat ed indebtedness. Reply CFT Box 517 C its share—between 20%-25%. The federal tax is at least $10.50 per 100-proof gallon. Most ABC profits go into a county’s general fund. The cities may do almost anything they want with the money. Mostly it goes to public schools. Against a gross income of $204,053,948.07 for the fiscal 1975, the ABC system made a net profit of $26,116,391.2. Mecklenburg County, the largest urban area in the state, grossed the most with $21,947,931. ABC officials say that some of the stores make a small profit or even take losses because they are in direct competition with another outlet down the road or are in poor geographic position. Store location is controlled by the local boards, and the state can do little about it. While case sales are up only modestly in recent years, the state’s liquor market has had some big gainers, and losers. Smirnoff 80 proof, which had only 2.8% of the liquor market in April 1971, had 6.8% in March 1978. Relska vodka has climbed from 37th place in liquor sales in 1971 to fifth through the first quarter of 1976 and Canadian Mist whiskey from 25th to fourth. But Old Crow bourbon fell from fifth to 34th and Kentucky Gentleman bourbon from third to 16th. Tar Heels may be drinking more than they have in the past— but they obviously are net consuming the same brands. BEAUTIFUL Anta-Beltem Restora tion-Restored as nearly as possible like original. New plumbing, heat ing, wiring and air. Large corner lot, good neighbors, good town, good climate.. Twelve rooms partly fur nished. Swap or sell for beach or mountain property. Excellent for retirement. Reply CFT Box 7198. DRUG STORE AVAILABLE—3 years old. Located In good size shopping center 27 miles. from Charlotte. Has $50,000 loss carry forward for first year operation. $75,000 Inventory. FYE 9/30/75 sales $230,000. 7,800 sq. ft. with 20 year lease. Asking $140,000. Reply CFT Box C. PROFITABLE AUTO REPLACE MENT GLASS company for sale, located in North Carolina. 1975 sales over $300,000; net profit including owner's salary SIOO,OOO. Asking $385,000 excluding land and build ing. Terms to qualified purchasers. Reply CFT Box J. MOTEL FOR SALE—63-unlt, well constructed, close to the furniture capital of the world. Includes barber shop, beauty shop, dentist office and restaurant. Offered for sale at $450,000. Reply to Mr. Stephen R. Bliss. NCNB Trust Division, Box 2810. High Point, N.C. 27261. CAPITAL ASSISTANCE— Over 2700 capital sources for ventures, collateral and commercial loans, private placements, sxpsnslons, purchase lease-back, real estate, accounts receivable, factoring, farm and ranch, mergers, acquisitions, time deposits, and Industrial bonds. Financial Publishers and Consult ants for projects of $50,000 to $30,000,000 plus. Carolina Capital Consultants, Greensboro, 919-866- 5005 or CFT Box 223A. FOR SALE. Lease or Rent—One corner building 102 feet by 140 feet previously occupied by Collins Department Store. Also available for sale two adjoining store buildings occupied by a Furniture store and a Jewelry store, total monthly rental of S6OO 100% location on main street in Mullins. South Carolina. Very desiiable property. Write or call J. Herman Leder. Whiteville. N.C. 642-2169. FOR LEASE-New MFG. Plant, pre-englneered "American" metal building containing 16,000 aq. ft.—totally Inoulated—originally de singad for concrete products manu facturing—7so aq. ft AC office—6 acre site—building and site can be expanded—zoned heavy Industrial— on-site natural gas with contract full rail facilities—building readily adaptable to alternate uses— 3o ft. clearance—excellent location and access to major highways—highly convenient to Ft. Bragg market with 60 million annual expenditures. Contact: Waverly C. Broadwell, Broadwell Construction Company, P.O. Box 53587, Fayetteville. N.C.. Phone 919-484-5193. WANTED— RetaiI lumber yards or suitable sites In North Carolina, South Carolina, Eastern Tennessee. Well-established firm will buy or lease. All replies held in strictest confidence. Write or call Marvin Sackett, P.O. Box 918. Mooresville, N.C. 28115. 1704/873-3044). TURN YOUR RECEIVABLES Into working capital. Major finance company will look at packages of $50,000 plus, secured receivables. All lines considered. Reply CFT Box D. GOURMET DELI A CATERING— Business located In Charlotte. Excellent clientele. Sales $160,000. 3.000 sq. ft. with good lease. Inside seating for 50. High traffic shopping area. Aaking $75,000 wltli 29% down and balance to be paid In ten years at 7Vi%. Reply CFT Box B. To answer a CFT box-reply ad, send your reply to the department number shown at CFT, P.O. Box 5978, Raleigh, N.C. 27607. Your reply will be handled in confidence and forward ed to the advertiser. 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The Chowan Herald (Edenton, N.C.)
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July 12, 1976, edition 1
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