Tuesday, October 23, 2012

Progress

Sorry for the delay in updating the expansion blog.  I have been so busy working on the expansion that I have neglected updating the site.  Plus, things have been changing daily - sometimes forward and sometimes backward so it is tough to put the progress into words.  I am happy to report that things are moving ahead and we plan to start construction of the new store in November.

Temporary Location
Our temporary location fell through so I had to find a new temporary home for our Co-op.  I am happy to say that we have secured a location and the lease is signed.  Our winter home will be at 2066 West Highway 61 in Grand Marais.  It is the former home of the bowling alley, The Howling Wolf and Gunnars.  The building is huge so we will be able to offer everything that we offer in our current location.  Plus, you will truly be able to belly up to the bar!  Sorry, we won't be selling any alcohol, but we will have our delicious muffins, scones, breakfast bars and coffee.

Owner Loans
We have collected over $450,000 in Owner Loans but would like to receive $150,000 more to complete our financing.  If you've been contemplating lending money to the Co-op, there is still time and no time like the present.  We have space in our 5,6 and 7 year terms and interest rates range from 2-3.5%.  Give Jennifer or Marietta a call at 218-387-1939 if you have any questions or would like to lend money.

Move Date
We are still reluctant to announce a move date, but it will be in early November and we could use volunteers.  Check Boreal and our website for updates on what volunteer opportunities will be available.

Stay Tuned
I'll try to update the blog more often with photos and progress as we expand our Co-op.