Chester Co-op -- a Community Investing in Itself

By
Real Estate Agent

by Rich Schiffer, Weichert Realtors

There is an effort underway to establish a full grocery that is a cooperative store in Chester.  This great news for investors.  Anytime a community begins to improve the services available to it's residents, this bodes well for the community as a whole, including real estate values in the area.  This particular effort will be doubly important, as it is a home-grown, community-driven effort, as opposed to an external group trying to force a change.  As the community takes pride in itself, as is evidenced in this type of effort, changes will be put in motion that will improve many aspects of life in the City, which in turn will positively impact property values.

 The Co-op will require funding from members of the community, as well as other interested investors, and once opened will require some volunteer time from members to get it fully opperational.   Members would also meet monthly to manage the business side of the operation.  To succeed, as with any co-op, it would also require that members shop there.

The cost to join is $50 ($75 to be considered a "Founding Member") and an initial $200 capital investment, which would be refundable if you left the Co-Op.  Click on the logo to go to their website.

 

For more information, please print out and read the membership brochure, available by clicking here.

If you have any questions, you are asked to contact Tina Johnson at 610-864-9929 or email info@chestercoop.com

If you would like to support the Co-op as an individual, corporation, or organization without becoming a member, please consider joining the Chester's Community Grocery Co-op Partnership Program

For more information about food co-ops, visit:  www.ncba.org/abcoop_food.cfm and/or www.cooperativegrocer.coop/cg_coops.html and/or www.localharvest.org/food-coops

Comments (4)

Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor
A year later and what is the timeline or obstacles for opening?
Feb 26, 2008 06:51 AM
Joseph Abreu
Abreu - Waterbury, CT

Hi Rich,

 

Co-ops are a great idea.  I ave not seen a well functioning co-op.

 

Please let us know of a successful project.

Thanks,

Joe

May 06, 2009 01:32 PM
Rich Schiffer
Swarthmore, PA
Referral Agent, e-PRO

So far so good.  The Chester Co-op is open for business every Weds and Saturday in a temporary location.

We have about 200 families as members (each paying a $75 membership fee, and a refundable $200 capital contribution).

We have partnered with a developer, and are looking at different buildings for a permanent location.

Starting in January, we plan to be open to members-only, but currently, as part of our marketing plan, we allow guests to shop as well.

Oct 06, 2009 01:04 PM
Anonymous
Don

The full Co-op store opened in March 2011, but had a limited schedule at another location for 2 years. TRF has financed many successful co-ops, and believe the Chester Co-op will also be a success. The community believed in this store and made it happen. Congrats!

http://www.philly.com/philly/restaurants/20110526_Chester_Co-op_is_where_fresh_food_-_and_a_community_-_finds_a_home.html 

 

May 29, 2011 11:58 AM
#4