GENERAL MANAGER'S CORNER
As General Manager of (y)our coop, it is my responsibility to balance the incoming revenues with the outgoing expenses associated with operating a grocery store. I must do this while retaining enough capital for future growth. I have started to use Open Book Management in an effort to give all employees an understanding of the financial part of the business. I thought that it might be helpful to share some basic financial information with our owners:
For each $1.00 in sales, we pay 61¢ to our suppliers for products.
This leaves 39¢ to cover our operating expenses:
25¢ for staff wages, taxes and benefits
7¢ for rent/utilities/property taxes
1¢ for owner/senior/low income discounts
2.5¢ for equipment leases/maintenance/depreciation
1.7¢ for packaging , deli supplies, labels, coffee bags
1.3¢ for credit card & banking fees
1.3¢ for principal payments on loans
3¢ other costs such as interest/insurance/office supplies/permits/governance
= 42.8¢ total
As you can see the 39¢ does not cover the amount needed to run (y)our co-op. My job is to find a way to do so through a combination of expense reductions and/or revenue increases. I will continue to work hard, along with our staff and board of directors, to ensure our cooperative's success.
Thank you for your support and as always, please contact me with your questions, comments, and suggestions. I truly appreciate your feedback.
Thank you,
Regina Grosby
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FROM THE BOARD
Random Act of Kindness
We kindly ask all owners to help get the word out about (y)our co-op. We are a small community-owned business and word of mouth is crucial to our continued success. Simply talking about where you bought your amazing produce, showing off a PFC shirt or bag, or sharing something from our social media can make a difference.
We hope you agree that our store offers great benefit to our community, other small businesses, and local farmers. Even through modest individual acts, together we can do great things. So, we urge you to commit to one small act to help promote your coop, and we thank you for your belief in our collective potential.
In cooperation,
PFC Board of Directors
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LOCAL
Check out our local offerings. We love to support local small businesses!
Totem Coffee, Placerville
Westwind Coffee, Placerville
Temple Coffee, Sacramento
Pachamama Coffee, Sacramento
Mad Dog Mesa Olive Oil, Coloma
Collina di Mela Olive Oil, Placerville
Nomad Chocolate, Nevada City
Gracias Chocolate, Auburn
Bath Bomb Fizzle, El Dorado Hills
Sierra Poultry, honey, Placerville
Penrod Farms, honey, Camino
Boeger Winery, Camino
Madrona Vineyards, Camino
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PLACERVILLE FOOD SWAP
First Sunday of each month - Sunday, March 5 10am
What is a food swap?
The Placerville Food Swap was started in 2012. A food swap is a free community event where people barter their homegrown, foraged, preserved or homemade food items. No money is exchanged.
How does it work?
Bring several items valued at appx $5 (example, dozen eggs, fruit/veggies, loaf of bread, jar of preserves), meet local folks, offer to barter for their items, and leave with new items for your pantry.
Photos: Shelly Thorene, Mountain Democrat
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CO-OP COMMUNITY ROOM
Use the co-op community room for your next community event.
Our schedule is filling up with events like yoga, belly dancing, book clubs, story time, meditation circles, and of course, a food swap.
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