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Our Location: |
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Living the dream of re-use and recycle, what was once
an A&P grocery store at 268 East Front Street in downtown Burlington
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Newsletter
Signup:
Fresh from the source: Get the latest Company Shops Market news and
updates:
You will receive occasional updates
(every 2 weeks on average) about
the progress of Company Shops Market. We
respect your privacy and will not sell, rent
or share your email address.
Newsletter Archive
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Become an
Investor:
Preferred Shares
Contact Sharon Dent at 336-584-3388 or
Sharon@companyshopsmarket.coop
for a complete Investment Package before investing.
Now is the time:
We are just $300,000 from beginning construction
and opening the doors of the co-op this year. Now is the time.
If you have been waiting to see how things turn out, now is the
time to commit. If you've been saying "I'll join when they get
close to opening", now is the time to join. If you've been
saying "I want to invest in the co-op but $2000 is too much for
my budget", you now have the opportunity to invest with as
little at $200.
We all want to see the market opened by the end
of the year -- and the Board is ready sign the commitment letter
with Fidelity Bank for the $1.1 million loan in the next couple
of weeks. But in order to do that, we need your help. Right now.
Today.
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If every owner
buys just one $200
preferred share by
June 1st, we can
open the co-op this
year.
Buy A Preferred
Share Today
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How to become a Preferred Share
Investor
We have outlined
the steps for becoming an
investor with Company Shops
Market below. If you would like
an investment packet mailed to
you (it is the same information
available below just in printed
format), please email Sharon Dent at
sharon@companyshopsmarket.coop
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Review the
Prospectus
carefully.
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If you would like to invest,
please fully complete and
sign the
Subscription
Agreement.
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Keep the
Prospectus
in your records, please mail
the fully-completed, signed
Subscription Agreement
to:
Sharon Dent
Company Shops Market, Inc.
Post Office Box 848
Burlington, NC 27216
Or deliver to:
Sharon Dent
Wishart Norris Henninger &
Pittman, P.A.
3120 South Church Street
Burlington, NC 27215
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After your investment has
been processed, you will
receive a signed
Community Investment Note
and a copy of your signed
Subscription
Agreement.
Why invest with the co-op?
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Preferred
Shares will assist
with and complement
traditional bank financing
by affirming the commitment
of our owners and our
community.
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Our Preferred
Shares
pay you up to 5%* in
annual dividends, which
not only keeps profits
within our community, but
reduces the amount of
loan interest paid to finance the
construction and up-fit.
A Few More Details
The three main
fundraising vehicles for Company Shops Market are selling
ownership shares, gaining participation in the Community
Investment Note Program and selling Preferred Shares. Both categories of money are considered
equity and will strengthen our financial position, giving us
more financial power and flexibility, and enabling us to secure
bank financing.
The Co-op has
already raised in excess of $500,000 through the Community
Investment Notes Program. We will need to raise at least
$300,000 additional dollars
(for a total of $800,000) through the sale of preferred shares
or community investment notes. We
have secured a $1.1 million bank loan from Fidelity Bank for the remaining balance. This will allow us to confidently move into the
design and up-fit phase of this project and will ensure strong
cash flow for store operations.
Preferred Shares are
a financial vehicle for North Carolina residents that are owners
of Company Shops Market to make investments directly in Company
Shops Market.
These Notes are an instrumental part of the continued
financing of Company Shops Market.
Preferred Shares are
an investment opportunity created by Company Shops Market to
efficiently channel local investment into an economically,
socially, and environmentally responsible business. Preferred
Shares pay a possibly below-market rate of dividend, determined
at the time the investment is made.
The proceeds from the sale of Preferred Shares will be used to
fund the renovation, upfit, opening, and operation of Company
Shops Market at the building owned by Company Shops Market at
268 East Front Street, Burlington, North Carolina.
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Preferred Shares are offered
for $200.00 per share with
the following maximum base
dividend rates and minimum
purchase as follows:
0% $200.00 minimum purchase
(1 shares)
1% $2,000.00 minimum
purchase (10 shares)
2% $2,000.00 minimum
purchase (10 shares)
4% $2,000.00 minimum
purchase (10 shares)
5% $20,000.00 minimum
purchase (100 shares)
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Preferred Shares are not
FDIC insured.
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Preferred Shares are not
tax-deductible. You are
required to pay income tax
on dividends earned.
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Preferred Shares are only
available to North Carolina
residents who are owners of
Company Shops Market.
I am interested in
receiving more information on becoming an investor at Company Shops
Market
If you would like a packet
mailed to you, or would like to have a board member speak to you
personally about investing with Company Shops market, please
fill out the online form below. You can also contact Sharon Dent
at 336-584-3388 or
sharon@companyshopsmarket.coop
for more information
* Series A-5 Preferred Shares
are offered for $200.00 per
share with the following maximum
base dividend rates and minimum
purchase as follows: 5%
$20,000.00 minimum purchase (100
shares). Dividends are only paid
when there is a profit and the
Board of Directors authorizes
it. Please read the
Prospectus for detailed
information.
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