Kenneth Hall manager Averys store
Donation protected
Owner wants to sell. Employees want to buy and continue the tradition that has been there for over 150 years.
Earlier this year, several of Avery's employees formed a Limited Liability Company (LLC) in order to prepare and be positioned to lease the store space from the current building owner, and ultimately take over the daily operations and management of Avery's General Store.
The core staff at Avery's had been looking forward to a relatively smooth transition to becoming an employee owned business. The employees were relying on the completion of negotiations between the current business owner and the new building owner in order for this to take place. Unfortunately, that deal reached an impasse during the second week of March. The current business owner and the building owner have found it impossible to accept each others terms. This has resulted in the store owner making the decision to liquidate Avery's inventory.
Simultaneously, the LLC's negotiations with the building owner have come to a standstill due to complications of the non-transition of inventory from the store owner to the building owner, who would have re-sold and financed a note on that asset to the LLC.
At this time, it seems there is only one possible way forward for the LLC to have any hope of continuing the legacy of Avery's General Store. That way forward is to find a way to come up with the funding to:
1. Purchase any remaining non-liquidated inventory form the current store owner.
2. Re-stock the store post-liquidation near to the previous levels.
3. Provide adequate operating capital to cover business expenses and payroll as the business recovers.
This GoFundMe campaign is our last ditch effort to come up with the funding necessary to help us move Avery's store forward. This campaign was inspired by a number of Avery's customers in our community who have come forward in the past several days. Many have been asking what they can do to help and have offered to provide financial assistance to the LLC if possible.
Your donations made here will only be used if we reach our financial goal and move forward with the LLC taking over the store. We are also considering the possibility of additional funding in the form of inventory secured promissory note(s) made to the LLC.
Even if we do not use the funds generated by this campaign, your donation here will stand as evidence of support for Avery's General Store in our community.
Thanks to all of you for your support and encouragement.
The staff at Avery's hope that Avery’s General Store will continue to be an integral part of the community for many years to come.
Kenneth Hall
Manager: Avery's General Store
Manager: A.L. AVERY GS, LLC
Also handle money issues
Avery's General Store
127 Main Street
Charlemont, MA 01339
413-339-4915
Earlier this year, several of Avery's employees formed a Limited Liability Company (LLC) in order to prepare and be positioned to lease the store space from the current building owner, and ultimately take over the daily operations and management of Avery's General Store.
The core staff at Avery's had been looking forward to a relatively smooth transition to becoming an employee owned business. The employees were relying on the completion of negotiations between the current business owner and the new building owner in order for this to take place. Unfortunately, that deal reached an impasse during the second week of March. The current business owner and the building owner have found it impossible to accept each others terms. This has resulted in the store owner making the decision to liquidate Avery's inventory.
Simultaneously, the LLC's negotiations with the building owner have come to a standstill due to complications of the non-transition of inventory from the store owner to the building owner, who would have re-sold and financed a note on that asset to the LLC.
At this time, it seems there is only one possible way forward for the LLC to have any hope of continuing the legacy of Avery's General Store. That way forward is to find a way to come up with the funding to:
1. Purchase any remaining non-liquidated inventory form the current store owner.
2. Re-stock the store post-liquidation near to the previous levels.
3. Provide adequate operating capital to cover business expenses and payroll as the business recovers.
This GoFundMe campaign is our last ditch effort to come up with the funding necessary to help us move Avery's store forward. This campaign was inspired by a number of Avery's customers in our community who have come forward in the past several days. Many have been asking what they can do to help and have offered to provide financial assistance to the LLC if possible.
Your donations made here will only be used if we reach our financial goal and move forward with the LLC taking over the store. We are also considering the possibility of additional funding in the form of inventory secured promissory note(s) made to the LLC.
Even if we do not use the funds generated by this campaign, your donation here will stand as evidence of support for Avery's General Store in our community.
Thanks to all of you for your support and encouragement.
The staff at Avery's hope that Avery’s General Store will continue to be an integral part of the community for many years to come.
Kenneth Hall
Manager: Avery's General Store
Manager: A.L. AVERY GS, LLC
Also handle money issues
Avery's General Store
127 Main Street
Charlemont, MA 01339
413-339-4915
Organizer
Kenneth Hall
Organizer
Charlemont, MA
