Business New rules allow beer store to open OWNER of the Raven [nn in Deep Cove, Car- relyn Banner, just opened a beer store inside her pub one week ago. That store is one of the first half-dozen to open “under new rules drafted this summer by the B.C. Liquor Distribution Branch. But already Banner can tell you what will make or break one of the new beer stores. And she'll be doing just that at this weekend's Meeting of the Neighborhood Pub Owners’ Association. Beer stores may only be operated by a licensed hotel, neighborhood or marine pub, between 9 a.m and 11 p.m... They: can. stock only B.C.-made products. . It cost’ Banner . between $35,000 and. $38,000 to buy, © the cooler, glass doors, and roller racking:.for her beer store. These are the basic expenses, ‘ ; ‘You can add onto that almost any dollar figure for the cost of renovations. Banner was lucky — ‘extra -'room.in the Raven Inn at ground | level.” meant. she didn’t have‘ to: pay..for‘an addition aera .* Here’s how the profits are \*) gmade:-the -beer. store buys beer or-wine at: liquor. store prices; plus-' five- per, cent, from a brewery-or- winery. (The seven’ per cent ‘‘social service tax’’ is not charged.) . The: liquor is then marked up marginally for sale. At the Raven Inn ‘beer store, a case of cold beer sells for $1 more than it would in a li- ‘ quor.store. A one-litre bottle of wine sells ‘for 50. cents more. 0 “Qn “comparsion, if that case were sold through pub “off-sales, it would’ cost $2.60" more’ than ‘its liquor store price.) . . . After the liquor has. been sold, the government rebates : the. five. per. cent. fee, plus a further 10 ‘per .cent of all a you buy both. > HORE “PLUMBING : HEATING “2 ELectaicar "AIR CONDITIONING : BBS GAS FITTING SHEET METAL @ 988-1840 988 -2913 By LISA SMEDMAN It’s too soon yet to tell how much of a profit this rebate will give beer store owners, but Banner is bet- ting that volume sales will make the difference, Banner lists a few basic points that pub owners thinking of opening a beer store should consicer: ; How close is the nearest liquor store and what are its ‘hours? (Banner expects a lot of business after 6 p.m. on ' weekdays, when the Deep . Cove liquor stores close and the nearest open liquor outlet is at Westview.) Will the population of your area support a_ beer Store, Or are you too far off the beaten track for people to stop by on their way home from work? What is the volume of your pub’s off sales? (The Raven Inn currently does about $10,000 to $15,000 per month in off-sales. Banner expects sales in her beer store to top $50,000 per month.) How secure will the store be? Do you really want glass windows along the front that will encourage break-ins? Finally, says Banner, beer store owners should endeavor to make their Stores a ‘‘one-stop’’ loca- tion. Banner plans. to add cigarettes, pop; and a take- out pizza counter to her beer store. . Let Me Put You On The Road To Financial Independence Own shares in mutual funds —Eampecte ts which invest. in world-wide in- -.% dustries (Energy, Industrials, . .Itansportation, Finaiice and “Many more)-enabling you to par- - ticipate in the stock market for °-Capital accumulation ,@ Above average returns “Start bullding’ your investment _ portfolio. with. contributions as “low as $50 per month through -our time-tested share purchase RUDIG. WINTER pian. 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