Veg Fruits Unity

Minutes of July 31, 2012 Board Meeting

Eat To Live Food Cooperative
South Side Communications Center
2331 S. Salina St., Syracuse NY 13205

Minutes of July 31, 2012 Board Meeting

Board Members Present: Naqia Edwards, Howie Hawkins, Yaschia Kinsey, Baye Muhammad, Shirley Rowser
Others Present: Joseph Bryant, Ian Grant

Next board meeting: Tuesday, August 14, 2012

All decisions were made by consensus unless otherwise noted.

Discussion and Recommendations on Financial Projections

The board reviewed and discussed the financial projections prepared by Mel Braverman and Bill Gestner from the CDS Consulting Co-op. They showed the co-op not breaking even over the 10 years of projections. The board discussed ways to cut costs and raise revenues, and came up with the following recommendations for revised projections:

  • Correct the square footage for food sales from 3000 to the actual 2180.
  • Reduce labor costs but reducing cashier starting wages from $12/hr. to $8/hr. and assistant manager wage from $18/hr. to $12/hr. There was discussion that there should be a wage progression over time, but no schedule was recommended.
  • To raise revenues, make the proposed cafe a part of the co-op instead of spaced rented to another business, have it cater to coffee, fast healthy food, and grab and go household items, and have it open longer hours, like 7 am to 10 pm.

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