Owners Vote Yes to Keep Kokua Open
On Saturday March 2 we had an owners meeting to share updates on our fundraising and plans to save Kokua Market. Sixty-one owners filled the room and supported the ongoing efforts to keep Kokua running.
In fundraising we exceeded our shares campaign goal, and have raised $167,000 so far and have secured an additional $120,000 in member & community loans, and $10,000 in donations/grants. There may be another $70,000 grant available this week—we should know soon.
We are excited to announce that given our success and the proposed plans forward (outlined below), the owners voted unanimously to spend the money raised through our proposed plan:
Phase 1: Use Equity, Get professional Interim General Manager (Wynston Estis arrives on March 11 to be our IGM for a few months) to restart store with new product mix & new operational standards. Includes plans to clean up store, improve signage, locate new suppliers, and invite new vendors to work with us. Our goal is to change our product mix, increase inventory and raise sales to $40-50,000 a week.
Phase 2: If successful with Phase 1, the Board will consider Phase 2, depending on our ability to secure additional investment capital. This phase would include getting new equipment, considering new departments, and hiring a second Interim General Manager.
How Can You Help?
Continue to support our fundraising by buying shares or donating to our Go Fund Me page
We need volunteers in the store for a face lift, so please e-mail email@example.com to volunteer
And, as usual, come shop 10am-6pm everyday. We are stocking more and more products every week and hope to return to normal and better than ever soon! Thank you!
Weʻll see you at the next Owners Meeting.
Come on by the store today!
Kokua Market is undergoing a period of transition—BUT we are still open. Spread the word and encourage your family and friends to keep shopping, as that helps us. We are excited for the future.
Spread the word—ask your friends and family to support relaunching Kokua. You can buy your shares online at this link. You can also use our downloadable form for becoming a new member or buying additional shares by check—Kokua Fundraising Letter. Of course, you can buy more share while in the store.
For more information on Board changes and new members, please see our newsletter here. For more information on recent events, deli and chef updates, check out our current newsletter here. Check out the Kokua 2020 flyer which shows our ideas for our new vision of Kokua.
We have two new chefs, awesome deli food as always, local eggs, local I’a poke, bulk is back, and local produce is stocked daily. We hope that through this period of change, you will continue to support us and invest in the future of your co-op!
Mahalo for your continuing kokua,
The Board of Directors