OWNERSHIP IN THE CO-OP
Sevananda is a consumer-owned cooperative. This means that we are owned by the people who use our services, not some far-away corporation or shareholders who don’t care about what we carry in the store, and why these issues are important to us.
We are owned by the 4,000+ Owners who have invested in the Cooperative and they invest $120 (payable annually in $20 installments over 6 years) to become a co-owner of the business and Owners have benefits over regular shoppers, including patronage dividends if the store has a profitable year and a quaterly 10%-off shopping trip.
Ownership in the Co-op is individual – we do not have family plans. We do encourage all adults who share a residence to become members so that they can all make use of the Owner Benefits.
Since we have thousands of Owners (and it would be a little difficult to get them all in the room at the same time) this provides a needed way to connect outside of our Owner meetings and provides a modern equivalent to the public square.
Our online forums were created to allow our Owners to speak to each other and discuss Sevananda issues and things important to our community as a whole. You will receive an email from Owner Services notifying you when verification is complete and you can begin your dialog with fellow Co-Owners. CLICK HERE to register – and welcome to the discussion!
Owner Meetings are held annually and our Owners can connect with each other and the Board of Directors to get updates on the state of the Co-op as well as current trends and other information about the natural foods business.