Redmond’s Premium Wine & Spirits to close tomorrow

Tomorrow will be the final day in business for Premium Wine & Spirits on Redmond Way. From 10 a.m. to 9 p.m., customers can fill up on liquor at discount prices, said manager Peggy Binckley.

Tomorrow will be the final day of business for Premium Wine & Spirits on Redmond Way.

From 10 a.m. to 9 p.m., customers can fill up on liquor at discount prices, said manager Peggy Binckley.

“It’s not a viable business under the current climate,” Binckley said about the closure. “Seventeen percent of our gross goes to the state. That’s a huge chunk of our gross — we just can’t do it.”

Co-owners Jeff and Michael Roh took over the store at 16389 Redmond Way in June of 2012 following the passage of Initiative 1183 when the state ceased liquor store and liquor distribution operations. Jeff bid $281,660 in a state auction in April of 2012 to win the rights to the store. The state turned the building into a liquor store in April of 2010.

Binckley noted that the competition from grocery stores also selling liquor is tough to handle.

“They raise the price of everything else to mark down the liquor,” she said. “I have nothing else to raise the price on.”

Binckley also feels grocery stores have an unfair buying advantage in that they can purchase more volume at a lower price than the liquor-only stores.

“It’s not an even playing field,” she said.

“They (the small stores) don’t have the buying power,” Liquor Control Board spokesman Mikhail Carpenter said in an Oct. 23, 2012 Reporter story. “The prices are determined by the distributor.”

Two months ago, the Rohs said they would close the store this month, according to Binckley.

She said customers aren’t happy about the closure.

“They’re devastated, because I carry product that no one else carries,” said Binckley, noting that one example is Ararat Armenian brandy.