We have some very exciting news for our customers. After over 30 years in the same location, Beanies is hoping to move! But don't worry, we won't be going far......
What are we planning to do?
We are planning to relocate Beanies to 1 Barber Road (site of the old doctor’s surgery) and 188 Crookesmoor Road (site of the old pharmacy). In the new shop we would have more space to allow us to add new lines of ethical & local products, host more events and tasting days and expand the range of services we will be able to provide. We also plan to open a small tea-room in the pharmacy building, providing a meeting space for the local community. We will finally have our own car park and bike parking facilities, disabled access to the shop, and a customer toilet with baby changing facilities.
How is the new shop going to be financed?
The conversion of the two properties and subsequent improvements are dependent on us being able to raise sufficient funds through a combination of our own capital, conventional loans and Loanstock.
So what is Loanstock?
Loanstock is money loaned to the co-op by individuals or businesses, who wish to support Beanies and are interested in making an Ethical Investment. Any amount from £50 to £10,000 can be invested. As part of the investment you can choose your own rate of interest between 0% and 2% fixed. Interest is paid annually on the scheme anniversary in the form of additional Loanstock or as cash (by BACS) or cheque.
If you invest in Beanies, your Loanstock will mature and be paid back at the end of your chosen term (either 5 or 10 years), including any interest earned. Investors can ask to re-invest their money. They also have the option of having their investment repaid before the initial term is up, if the co-op is in a position to do so.
How financially secure is Beanies?
We are a financially cautious business, and throughout our history we have always managed to ride out the hard times (banking crisis, cars crashing through windows etc). We always cut our cloth to suit the economic conditions. We have had a very strong 2018 and are confident we can build on this success in the new premises.
What will we do with our investors’ money?
Beanies plans to use the money for:
-Renovating, external & internal works, transforming the doctors surgery into a bright new Beanies shop
-Refurbishment of the pharmacy and fitting it out as a tea-room
-Purchase of new stock
So why invest with Beanies?
By investing in Beanies, you will be:
-Supporting a local, independent shop
-Supporting a cooperative
-Benefiting the local community
-Allowing us to expand and continue our success
If you would like to be part of this exciting opportunity, please let us know by pledging your support.
To do so please email the following information to us as soon as possible to assist with our financial planning:
Your telephone number:
Your email address:
How much you would like to pledge:
(No actual monies required until 15th May 2019. This pledge does not commit you in any way.)
Other ways to support Beanies:
- Support our planning applications by commenting online here:
- Forward this email to anyone you know who may be interested in making an investment
- Keep shopping at Beanies!
If you would like any further information, please contact us:
Telephone: 0114 268 1662
As a co-operative society, Sheffield Wholefoods Limited (trading as Beanies Wholefoods) is registered with, but not regulated by, the Financial Conduct Authority and your investment is not safeguarded by any depositor protection or dispute resolution scheme. In particular, you have no right of complaint to the Financial Ombudsman Service, nor any access or entitlement to the Financial Services Compensation Scheme.blog comments powered by Disqus