Investing in Nourish is a rare opportunity to create community wealth by investing your money directly into your neighborhood. Put your money where your values are and invest with the co-op!
Experts tell us our 10,000 square foot community-owned grocery store will cost about $2.5-3 million to fully capitalize. We will have access to some special low-interest debt, but like all loans, we need to start with our own equity. It is in the best interest of the co-op to raise as much as possible from our member-owners in order to ensure a financially sustainable future.
In addition to the $200 member-equity investment we’ll receive from our member-owners, we estimate we’ll need to raise up to an additional $1.5 million in order to open our doors and ensure our success. Additional investments in the co-op will be completely voluntary. On average 1 in 4 member-owners will invest additional capital into their co-op. Those who can do, those who can’t don’t.
There are a number of financial instruments we’re evaluating based on the securities laws in the State of Colorado, what’s in the best interest of the co-op, and what might be preferable to our member-owners. All options that we’re considering will provide a modest financial return. This is NOT a donation, it is an investment in the co-op.
Now that we have a lease signed with contingencies, we just need a few more members before we can launch our capital campaign. We are aiming to have at least 1,500 member-owners in order to spread the risk amongst a larger pool of investors and reduce the burden for any single member-owner. We hope to be able to achieve this by the Spring of 2017 in order to stay on track.
We are currently recruiting for member-owners to join our capital campaign planning committee. If you’re interested in learning more, or would like to help out in any way, please reach out to our Project Manager, Kim Soko Schaefer firstname.lastname@example.org.
Please note that ONLY member-owners will be able to participate in this campaign. If you are not yet a member-owner, but would like to invest your money in this once in a lifetime opportunity, sign up now to become a member!