Doobie Doo
Veteran
Soul Food Market Inc. will be an American supermarket chain which primarily sells products from the African American community.
Shareef Food February 16, 2019 at 7:56 pm
$340,316
Pledged of $425,000 goal
11,032
Backers
3
Hours Left
SUPPORT NOW
Project Ends on April 17, 2019
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Benefits of a Grocery Store?
Is there a need for Soul Food Market?
After sampling 500 hundred families in the local Atlanta area where we plan to open the first grocery store, our data showed that the average household spent $650 dollars a month in Groceries. With just 500 families, that’s over $3 Million leaving our community each year. This campaign is not only to help our dollar in our community, it’s also to provide our people with jobs. Currently, African Americans have the highest rates for joblessness in America, however, Black owned businesses are the second largest hiring agent after the government. Therefore, creating more successful Black owned businesses will help increase jobs within our community. Soul Food Markets, housing hundreds of products, will not only hire our community, but allows every vendor to grow with us and to ultimately hire our community as well.
Why Support Soul Food Market?
After launching WeBuyBlack.com 3 years ago, I never thought that we would become an international movement to support all Black owned businesses. Since then, we’ve circulated millions of dollars in our community and even helped aspiring entrepreneurs quit their jobs to go into business full time, or to hire over 7 people in their community, or to generate over a $250,000 annually, or even to purchase their own manufacturing plant! We know we can help increase these successes for more businesses within our community, however we need your help. Having a successful supermarket where all the products sold are from our community will quickly change the perception in our community that we are not farmers, producers, and manufacturers.
What are the risk?
We are currently under contract to purchase a 20,000 sqft building to produce the supermarket. However, we must raise $425,000 within a few days in order to close on the property. We risk loosing $5,000 of our earnest money if our goal is not reached. On the bright side however, we are very confident we will hit this goal, especially if everyone reading this stops what they are doing and give a generous donation! Anything and everything counts! Thank you!!!
Soul Food Market
Shareef Food February 16, 2019 at 7:56 pm
$340,316
Pledged of $425,000 goal
11,032
Backers
3
Hours Left
SUPPORT NOW
Project Ends on April 17, 2019
Share Project
- Description
- Updates
- FAQ
- Comments
- Backers
Benefits of a Grocery Store?
- We plan to source our produce from local and neighboring state African American farmers.
- Become one of the largest distributors for Black owned products, creating monumental opportunities for our community.
- Hire and train our youth and those in our community that have a passion for healthy living.
- Encourage healthy living and reduce our communities obesity and other health related issues.
- Help redirect the 1 trillion dollars spent outside our community each year, and to establish one of the most essential parts to any community, a grocery store.
- Become an institution large enough to help secure a future for our community’s generations to come.
Is there a need for Soul Food Market?
After sampling 500 hundred families in the local Atlanta area where we plan to open the first grocery store, our data showed that the average household spent $650 dollars a month in Groceries. With just 500 families, that’s over $3 Million leaving our community each year. This campaign is not only to help our dollar in our community, it’s also to provide our people with jobs. Currently, African Americans have the highest rates for joblessness in America, however, Black owned businesses are the second largest hiring agent after the government. Therefore, creating more successful Black owned businesses will help increase jobs within our community. Soul Food Markets, housing hundreds of products, will not only hire our community, but allows every vendor to grow with us and to ultimately hire our community as well.
Why Support Soul Food Market?
After launching WeBuyBlack.com 3 years ago, I never thought that we would become an international movement to support all Black owned businesses. Since then, we’ve circulated millions of dollars in our community and even helped aspiring entrepreneurs quit their jobs to go into business full time, or to hire over 7 people in their community, or to generate over a $250,000 annually, or even to purchase their own manufacturing plant! We know we can help increase these successes for more businesses within our community, however we need your help. Having a successful supermarket where all the products sold are from our community will quickly change the perception in our community that we are not farmers, producers, and manufacturers.
What are the risk?
We are currently under contract to purchase a 20,000 sqft building to produce the supermarket. However, we must raise $425,000 within a few days in order to close on the property. We risk loosing $5,000 of our earnest money if our goal is not reached. On the bright side however, we are very confident we will hit this goal, especially if everyone reading this stops what they are doing and give a generous donation! Anything and everything counts! Thank you!!!
Soul Food Market
but why not start smaller if you need to crowdfund your whole business?
banks don’t give out loans to us but that’s a known known.
