After a long and hopeful struggle, many hours of volunteer labor, and many happy interactions with our community, it is with heavy hearts that we announce that ATL must close its storefront.
- We, like most startups, have had ongoing cash-flow problems.
- We have worked hard to reduce our expenses (successfully), and increase our sales revenue (unsuccessfully).
- Not only have sales in our second year not grown, but they continue to fall short of first-year sales, and have not risen as expected since the slower summer months.
- The bottom line is that our sales revenue remains insufficient to meet our expenses — a situation no business can withstand indefinitely.
- These factors together make it impossible to continue storefront operations.
- ATL’s last day open is Sunday, October 18.
- Producer members should collect their products from the store during the following week (Oct 19-23):
- Monday through Friday, 10:00 AM to 12:00 PM
- Wed & Thursday, 6:00-8:00 PM
- This timing may feel abrupt to some, but:
- We have worked openly, through appeals and marketing, long and hard, to prevent and delay this outcome.
- Because we do not own our stock, to remain open for a protracted period (with both cash-flow issues and a known closing date) would do a disservice to our producers.
- Waiting longer would only compound the problem.
- Because our liabilities exceed our assets, unsecured creditors will not be made whole.
While this novel ATL experiment has not proven to be financially sustainable in this place and time, IT’S BEEN A GREAT RUN, and we can celebrate significant positive impacts:
- We have strengthened our community by directly supporting our many producer members, to the tune of $750,000 — our primary mission!
- We have helped to educate our community about the benefits and practical realities of creating local livelihoods.
- We have contributed to the valley-wide growth in interest in re-localization.
Thank you for all your support!
Please continue to support your community of wonderful local producers at:
Yours in cooperation,
The Board of Directors of All Things Local Cooperative Market