case study: planning a successful capital campaign, green top grocery
Post on 15-Apr-2017
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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
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