Investment In The Lexington Co-Op: Business Report

Student’s Name Instructor Course Date BUSINESS REPORT Investment in the Lexington Co-op Business Report Executive Summary The Lexington Co-op is located at 1678 Hertel Ave between Wallace and Starin Avenue. It is the co-op’s second location in Buffalo. It is a consumer wined natural grocery store that is cherished by Elmwood Village. Lexington Co-op has a variety of high quality and delicious natural groceries, with colorful vegetables and fruits. The Lexington Co-op features in the freshest local and organic products with an abundance of variety (Knox, Pg 56). Some of the talented chefs of Lexington Co-op develop innovative and delicious recipes made up of fresh and quality ingredients. The restaurant provides sandwiches to full meals. Additionally, their salad and hot bar offer a variety of products customers can choose whether they need a quick snack or a full meal for the entire family. The Lexington Co-op was started by some of the people who needed whole grains and local produce foods. These foods were hard to find at the grocery stores at that particular time. Like-minded consumers across the country started different Co-ops, and these consumers were the founders of natural and organic foods industry. At The Lexington Co-op they get over $5million in their annual sales, they have more than 3500 owners and also a brand new store on Elmwood (Neilson, &Nathan, Pg 98). Over the past two years, The Lexington Co-op has returned over $3 million to the local economy. They have also supported almost 100 farmers and food producers in the local area. They have ample parking for cars and bikes Background Information Reputation and support are significant because they are used to determine the destiny of any cooperative market. The Lexington Co-op is prevailing with their noble status and its endless support to the local community (Knox, Pg 119). Some of the values and end statements of Lexington Co-op are “local sustainable food, happy and knowledgeable people, and sustainability and Co-op economy.” These values are used to define the purpose o and guide their decisions through their daily operations. Lexington Co-op supports more producers and farmers, and they have more grocery dollar returns to the local economy. In 2100, the owners formed a forum; this was a forty-year vision whereby the co-op aims at creating better in the economy by bringing values of life. Sustainability is the key piece of Lexington Co-op (Neilson, &Nathan, Pg 122). Sustainability starts from their packaging choices to building materials. However, the Co-op is finding better ways an option to meet the needs of the owners and also honor their responsibility to the public and the environment through corporate social responsibility. The Lexington Co-op ensures sustainability by purchasing land. For example, last year 59% of every dollar spent by the Co-op was returned to the local economy, and they bought products from over 120 farmers and producers in the region. They also major on organics. This is because organic food production reduces the use of chemical fertilizers and pesticides that run off to the streams, oceans, lakes, and rivers and protect farmers from contracting diseases like cancer. Their produce grows healthy fr...