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Annual Meeting February 8, 2012

Annual Meeting February 8, 2012. Mission A rural country store selling local and organic products alongside basic staples and unique one of a kind offerings.

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Annual Meeting February 8, 2012

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  1. Annual MeetingFebruary 8, 2012 Feb 2012 Annual Meeting

  2. Mission A rural country store selling local and organic products alongside basic staples and unique one of a kind offerings. A community led business that is the social hub of East Warren, where casual meetings occur, educational opportunities abound, and grassroots activities thrive. Feb 2012 Annual Meeting

  3. Agenda • Welcome • Financial Report • Board Elections • Closing Feb 2012 Annual Meeting

  4. GREW Business revenue (20.2%) to $438,585 inventory (18%) Improved gross profit margin (+4 pts.) Improved facilities & equipment Grew membership (+11) and awareness Emerging social hub of community New product offerings well received Awesome staff Optimistic future 2011 Highlights Feb 2012 Annual Meeting

  5. Market Operations Feb 2012 Annual Meeting

  6. Profit and Loss 2010 2011 Revenue $ 364,826 $ 438,585 Cost of Goods $ 274,399$ 310,138 Gross Margin $ 90,430 $ 128,448 Gross Margin % 25% 29% Total Expenses $ 115,328$ 136,553 Net Income (loss) - $25,468 - $8,105 Other Income $ 4,718 $ 2,432 Year End Result - $20,750 - $5,673 Feb 2012 Annual Meeting

  7. Balance Sheet 20102011 ASSETS Cash $ 3,720 $ 7,257 Inventory $ 20,122 $ 23,800 Total Current Assets $ 23,842 $ 31,057 LIABILITIES Accounts Payable $ 10,564 $ 18,084 Taxes due $ 2,738 $ 3,824 PrePaid Accounts $ 8,144 $ 7,978 Long Term - Loans $ 5,000 $ 5,000 Total Liabilities $ 26,446 $ 34,886 Feb 2012 Annual Meeting

  8. Plans for 2012 • Become Profitable • Create a reserve fund • Grow membership • Expand merchandise • Expand deli operations • Have a good time doing it Feb 2012 Annual Meeting

  9. 2012 Budget Revenue $ 500,000 Cost of Goods Sold $ 355,000 Gross Margin $ 145,000 Gross Margin % 29% Expenses $ 140,886 Net Ordinary Income $ 4,114 Other Income $ 6,000 Net $ 10,114 Feb 2012 Annual Meeting

  10. Slate of Director Nominees Three year terms through 2014 - (until 2015 annual meeting) 1. Jito Coleman 2. John Donaldson Feb 2012 Annual Meeting

  11. THANKS FOR THE GREAT YEAR Feb 2012 Annual Meeting

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