Got Questions?
We’ve Got Answers.
Frederic Grocery Cooperative has an overall project goal of $900,000 to support the purchase of the grocery store, renovations, equipment, and the capital needed to build a strong and sustainable community-owned grocery store.
Our immediate goal is to raise $300,000 by December 31 as we prepare to take ownership at the beginning of the year.
Preferred stock gives eligible community members an opportunity to invest directly in that future.
-
Preferred stock is an investment in Frederic Grocery Cooperative. By purchasing preferred stock, you provide capital that the cooperative can use to support the purchase and transition of the store, operations, improvements, equipment, and other needs as we build the business.
Preferred stock is separate from your regular member-owner share.
-
No. A member-owner purchases a $100 membership share, which provides membership and voting rights in the cooperative.
Preferred stock is an additional financial investment. Purchasing preferred stock does not provide additional voting power in the cooperative.
-
No you don’t have to be a member-owner in order to invest. But investing only does not coming with any voting right.
Being a member-owner gives you rights to be able to vote and have a say in the cooperative.
-
Our current preferred stock offering is available to eligible Wisconsin residents.
We are currently exploring additional opportunities for out-of-state supporters. This will hopefully be available to out-of-state supporters by the end of this year.
-
The preferred stock offering includes a 3% target annual dividend, subject to the terms and conditions described in the Offering Circular.
Dividends are not guaranteed. Investors should review the Offering Circular carefully to understand how dividends are determined and paid.
-
Our goal is to be able to offer investors the option to redeem their investment within five years of operation of the store.
However, Preferred stock is intended to be a long-term investment in the cooperative. Redemption or repayment is governed by the terms described in the Offering Circular and is not guaranteed.
Investors should not invest money they may need returned within a specific period of time.
-
If Frederic Grocery Cooperative does not complete the purchase of the grocery store, the money raised will be returned to investors and member-owners.
Once the cooperative completes the purchase and begins operating the store, those funds will be invested in the business and the risk changes. If the cooperative were later unsuccessful, repayment of preferred stock investments would not be guaranteed, and investors could lose some or all of their investment.
As with any investment, we encourage you to carefully review the Offering Circular and its discussion of risks before investing.
-
To purchase the store and to complete essential renovations after purchase.
Our overall project goal is $900,000, which includes the purchase of the store, renovations, equipment, and capital needed to support the cooperative's future.
Right now, our immediate goal is to raise $300,000 by December 31 so we can enter ownership in a strong position, support the transition, maintain operations, and begin priority improvements.

