Posts from July 29th, 2019
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Sharing in the Bounty: Gardiner Food Co-Op
When potential home buyers start exploring Gardiner homes for sale, one of the first things they notice is the area's small-town feel and strong sense of community. Residents here love to support small business by shopping local. That's one of the reasons the Gardiner Food Co-Op is so popular.
Not sure what a food co-op is or how it works? No worries! Our real estate agents have the inside scoop on everything you need to know!
What is a Food Co-Op?
On the surface, a food co-op works in much the same way as a traditional grocery store or food market. The storefront is open to the public, and you don't have to be a member to shop there.
The biggest difference is the fact that local residents can become cooperative owners by making an equity investment, or purchasing shares. This gives them a vote in important matters regarding the operations of the business.
Unlike a traditional stock investment, the value of the shares does not fluctuate. When excess funds are accumulated, they are typically invested back into the co-op, held as reserves, or used to support other activities approved by the shareholders. Although it's not the primary objective, occasionally excess funds are returned to members based on their use of the services.