We have agreed to purchase 2 Powder Mill Road in Maynard, the future home of our locally sourced, community-owned grocery store!
This riverside property is the former location of Suburban Glass & Mirror and will allow us to build a beautiful cooperative grocery store with almost 6,000 square feet of retail space, 35 parking spaces, street visibility, all grocery departments, cafe seating and downtown walkability! And best of all, we will OWN it, building financial strength for our Co-op and our community for decades to come.
Our Assabet Co-op Market will be a full-service, community-owned grocery store that prioritizes local farms and producers, increases access to healthy food for all, reduces our food’s carbon footprint, and builds a thriving local economy.
The site search has involved more than 90 potential sites and exhaustive market studies to assess location, square footage, costs, demographics, traffic, parking, regional competition and more. From these studies we generate sales forecasts to make sure our chosen site can support a thriving grocery store. More than 70% of startup food co-ops that follow this process are still in business after five years, unheard of among small businesses.
Our market studies determined that Maynard is the ideal spot for a thriving co-op: it’s surrounded by farms (our suppliers), surrounded by communities that value local food, and located at the intersections of major routes (2, 27, 62, 117). And our 2 Powder Mill Road site will allow for a thriving co-op grocery store that’s around for decades to come.
The Capital Campaign is underway, the last vital step before we build our store, and Owners have already invested more than $700,000 in interest-paying loans toward our Oct. 30 $2m goal! Owners, to invest in the Co-op and in all our shared values around local food, e-mail Campaign@assabetmarket.coop for our prospectus!
To become an Owner and get great Owner benefits. click here!