Work has been underway since the formation of a joint ABC board in July of 2015 to construct a new ABC store which will serve both Elkin and Jonesville, following the passing of ABC and liquor by the drink in Jonesville in November 2014 by voters.
Elkin already has an ABC Store which has been in operation since 1982 and is now located on the north end of town on Brandywine Circle, but following a study completed by an outside consultant firm, the ideal location for a combined store to serve both towns was determined to be on CC Camp Road due to its high volume of traffic and easy access to both towns and the interstate.
For several weeks a sign marking the spot purchased near Fairfield Inn on CC Camp Road has alerted travelers to the future site of the Yadkin Valley ABC Store, which will be constructed by Garanco Inc. of Pilot Mountain.
“It has been so wet, they can’t start the grading,” said Cory Vestal, manager of the ABC Store. “They’ve got it all marked off with flags, but weather is holding them off.”
Some of the first work, Vestal said, will be a manhole and fire hydrant which will need to be installed.
He said the ABC Board has a meeting scheduled for Friday and he expects the contractor will be on hand to update them on the status of the building.
The 5,000-square-foot facility will be larger than the one in operation now, he said, and is something he’s looking forward to. “We’re excited to have a little more space. The volume we do now in December, our warehouse isn’t big enough. We could have used another hundred cases of liquor, but we were stacked to the ceiling. We’re just running out of space,” he said.
Vestal said Rick Turner of Matthews will be designing the interior of the store, with his company designed the shelving and layout. A construction loan has been secured and the ABC Board already has begun payments on the loan, but Vestal was uncertain of the exact loan amount and Robin Turner, chair of the ABC Board, was unavailable to provide the information prior to press time.
The store manager did note that it was an estimated $90 a square foot for the project, depending on what interior work the Yadkin Valley ABC Board decides to approve.
“We’ve got a certain amount in the bank, but we’re hoping we don’t use all of it,” he said.
The goal is to open the doors to the new store by July 1, but Vestal said, “July 3 is one of our biggest days of the year and if we can’t have everything up and running by then, it will be August probably. We can’t risk losing the business from July 3.”
The profits are distributed between Jonesville and Elkin, but with loan payments due, all distributions are on hold, Vestal said.
“All the money that goes to the towns is on hold, because it costs us more money than what we used to pay the town,” he said of the loan.
At present, the distribution is set up to be 75 percent to Elkin and 25 percent to Jonesville, because Jonesville has to help pay debt service for the building and contents already owned by Elkin prior to it joining the operation. Once the debt service is paid off, it will be a 50-50 split in distribution of profits.
“The loan is 15 years, but we hope to pay it off sooner than that, and we hope to not have to use it all,” Vestal said.
He reported at the end of the September quarter, the store was able to give Elkin $13,500 and Jonesville $4,500, which was prior to the loan payments beginning.
“We gave the town of Elkin $72,000 a year every year since 1982. The loan has cost a little more than that now,” said Vestal, explaining that amount is broken down to $18,000 a quarter.
The store employees two full-time and two part-time staff members, which includes Vestal.
Wendy Byerly Wood may be reached at 336-258-4035 or on Twitter @wendywoodeditor.