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The	
  Assabet	
  Village	
  
Food	
  Coopera4ve	
  
(AVFCO)	
  
Massachuse(s	
  Green	
  
Careers	
  Conference	
  
2
Our	
  Vision	
  –	
  Assabet	
  Village	
  Food	
  Coopera4ve	
  
To start a store-front, locally-
sourced, community-owned
grocery store in the town of
Maynard that will serve the
Metrowest and Assabet Valley
regions.
Co-operative Principles (ICA.COOP)
4
About	
  Us	
  –	
  Assabet	
  Village	
  Food	
  Coopera4ve	
  
• Began	
  membership	
  drive	
  2	
  years	
  
ago	
  this	
  month	
  
	
  
• Currently	
  have	
  458	
  members	
  from	
  
25	
  towns	
  
	
  
• Maynard,	
  Acton,	
  Stow,	
  Sudbury,	
  
Bolton,	
  Concord,	
  Hudson	
  are	
  the	
  
communiEes	
  with	
  the	
  most	
  Co-­‐op	
  
members.	
  
	
  
	
  
	
  
5
Coopera4ve	
  Business	
  Model	
  
	
  
	
  
	
  
Steps	
  in	
  development	
  are	
  all	
  Eed	
  
to	
  member	
  numbers.	
  	
  
	
  
● Market	
  Study	
  @	
  300	
  owners	
  
● Business	
  Plan	
  @	
  450	
  owners	
  
● Site	
  selecEon,	
  hiring	
  a	
  GM	
  and	
  start	
  
of	
  loan	
  campaign	
  by	
  800	
  owners	
  
• Followed	
  by	
  construcEon	
  and	
  store	
  
opening	
  (generally	
  1000-­‐1200	
  owners	
  
by	
  store	
  opening)	
  
	
  
	
  
6
Why we are at today’s conference
Over 250 food co-ops in the US. Collectively the third largest buyer
of natural foods in the nation.
National Co+op Grocers (NCG) strongertogether.coop
Co-op vs. Conventional Food Store:
• 157 vs. 65 Local Producers working with each store
•  20% vs. 6% - Percentage of local products sold
•  38% vs. 24% - Revenue spent locally
•  82% vs. 12% - Organics as percentage of produce sales
•  48% vs. 2% - Organics as pct. of all grocery sales
•  Much higher recycling rates, particularly for food waste
and plastics
Local Economy
•  50% more of all
money spent by a
co-op grocery
store stays local vs
chain grocery store
Innovation
•  Stimulates creation
of new small
businesses
•  Creates economic
stability for existing
businesses/farms
to grow
Destination
Food Culture
•  Attracts those who
want to be part of
creating a food
culture
•  Synergistic
businesses, young
entrepreneurs
And	
  Economically?	
  
8
So	
  Where	
  are	
  the	
  Jobs?	
  
•  Keene,	
  New	
  Hampshire	
  
•  Opened	
  spring	
  2013	
  
•  10,000	
  sq	
  V	
  store	
  
•  Portland, Maine
•  Opened late 2014
•  10,000 sq ft store
•  Meeting first year
sales projections
Our	
  Community	
  of	
  Support	
  
Partnering	
  to	
  Support	
  Our	
  Community	
  
Where	
  to	
  find	
  us	
  
Assabetvillagecoop.com
Assabetvillagecoop@gmail.com
AssabetVillageCoop
AssabetFoodCoop

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Tom Green GCC 2015

  • 1. 1 The  Assabet  Village   Food  Coopera4ve   (AVFCO)   Massachuse(s  Green   Careers  Conference  
  • 2. 2 Our  Vision  –  Assabet  Village  Food  Coopera4ve   To start a store-front, locally- sourced, community-owned grocery store in the town of Maynard that will serve the Metrowest and Assabet Valley regions.
  • 4. 4 About  Us  –  Assabet  Village  Food  Coopera4ve   • Began  membership  drive  2  years   ago  this  month     • Currently  have  458  members  from   25  towns     • Maynard,  Acton,  Stow,  Sudbury,   Bolton,  Concord,  Hudson  are  the   communiEes  with  the  most  Co-­‐op   members.        
  • 5. 5 Coopera4ve  Business  Model         Steps  in  development  are  all  Eed   to  member  numbers.       ● Market  Study  @  300  owners   ● Business  Plan  @  450  owners   ● Site  selecEon,  hiring  a  GM  and  start   of  loan  campaign  by  800  owners   • Followed  by  construcEon  and  store   opening  (generally  1000-­‐1200  owners   by  store  opening)      
  • 6. 6 Why we are at today’s conference Over 250 food co-ops in the US. Collectively the third largest buyer of natural foods in the nation. National Co+op Grocers (NCG) strongertogether.coop Co-op vs. Conventional Food Store: • 157 vs. 65 Local Producers working with each store •  20% vs. 6% - Percentage of local products sold •  38% vs. 24% - Revenue spent locally •  82% vs. 12% - Organics as percentage of produce sales •  48% vs. 2% - Organics as pct. of all grocery sales •  Much higher recycling rates, particularly for food waste and plastics
  • 7. Local Economy •  50% more of all money spent by a co-op grocery store stays local vs chain grocery store Innovation •  Stimulates creation of new small businesses •  Creates economic stability for existing businesses/farms to grow Destination Food Culture •  Attracts those who want to be part of creating a food culture •  Synergistic businesses, young entrepreneurs And  Economically?  
  • 8. 8 So  Where  are  the  Jobs?  
  • 9. •  Keene,  New  Hampshire   •  Opened  spring  2013   •  10,000  sq  V  store  
  • 10. •  Portland, Maine •  Opened late 2014 •  10,000 sq ft store •  Meeting first year sales projections
  • 11. Our  Community  of  Support  
  • 12.
  • 13. Partnering  to  Support  Our  Community  
  • 14. Where  to  find  us   Assabetvillagecoop.com Assabetvillagecoop@gmail.com AssabetVillageCoop AssabetFoodCoop