WHY attempt it?

Is it even FEASIBLE?

CAN it be done?

Jacqueline Hannah

Co-op Development

Specialist

Katie Novak

Outreach Manager

Eq

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Mature food co-ops are doing it

consistently.

• Bisman Food Co-op $750K

• Durham Co-op Market $850K

• East Aurora Cooperative Market

$900K

And GREEN TOP GROCERY!

SOURCE AMOUNT %

Grants and Donations

$101,684

Member Equity $385,000

Member Loans $1,500,000

TOTAL OWNER CONTRIBUTION

$1,986,684 55.29%

Co-op Loan Fund $400,000

Landlord Contribution

$100,000

Free Fill $40,800

EXTERAL SUB $540,800 15.05%

Bank Debt $1,065,991 29.66%

USE AMOUNT

Leasehold Improvements 845,000

Equipment 953,355

Inventory 272,000

Fees 229,175

Startup Promotion 30,000

Startup Staffing 375,172

Operating/Holding 130,000

Interest 35,000

Working Capital 397,593

Overrun Allowance 326,680

TOTAL PROJECT 3,593,000

Katie Novak

Outreach Manager