I reported in this week's Side Dish
on the tentative mid-August opening of the Willamette Market & Deli
, which reopens the historic Little Market & Deli after a few years closure.
As part of that opening, co-owners Natalie Peck and Amy Emerson were calling for 18 investors to buy in at the $4,000 level, with a planned 10 percent return, 20 percent discount for life, and modest profit share until payoff.
At Wednesday night's community meeting at the shop, Peck says around 75 folks attended, many from the neighborhood but some from blocks or a car-drive away. She described the atmosphere as "super supportive" and didn't hear any grievances against the opening, as other proposals in the past
But more encouragingly, Peck says that 16 of those 18 investor commitments came in yesterday, and by day's end today they may be fully booked up. Five folks had signed up pre-meeting, and 11 during, she says, while another 35 or so had signed a page expressing interest and requesting the business plan via email.
"It's awesome," she says. "It's the whole reason we went with this model, because we wanted the community to be involved.
She says more investor opportunities may arise soon via the bakery component of the business, but her current business plan is written with the 18 in mind, so she's not likely to open up more shares for the market at this time.
The former Little Market & Deli will soon reopen as the Willamette Market & Deli.