Transition to a Cooperative for Cafe Meteor Bistro

Transition to a Cooperative for Cafe Meteor Bistro

Be part of the change, be part of the transition to a cooperative business model.  An innovative, community-driven, sustainable and collaborative model for Cafe Meteor Bistro.

Please join us at our community meeting, to be held on Sunday March 24th, 3pm – 5pm, in the gymnasium of the Northern College campus in Haileybury.  Details of the plans for the transition to a cooperative for the Meteor will be presented, as well as its mission, vision, and objectives.  A list of working groups will be identified, so you can see where you think you might best fit, be that helping out for a few hours a month, or playing a larger contributing role. Financial projections will be presented, and investment possibilities explained.

Why A Different Business Model

cooperative - a different type of businessMany of you are also aware that over the past two years we have come to recognize that, despite our many successes, ultimately the independent owner restaurant model is no longer functioning for the Meteor. A myriad of factors make it difficult for individuals or a family to own and operate a restaurant in today’s environment.  For the past year, we have been researching options for another model, one that would fit our vision as well as our community. We are confident that a cooperative model, a business that is governed and owned by the community and the employees, would be key for the sustainability of the Meteor, and would significantly continue to contribute to the development of our community.  Cooperatives are part of a new economy; take a look at this short video.

Why A Transition to a Cooperative

Although most of us are familiar with the success of the cooperative model for financial institutions and farming groups, we realise that it is not often used in the Canadian restaurant industry. However, the cooperative movement elsewhere in the world is huge, successful, and is present in several other sectors including the restaurant industry.  We believe it is the right approach to continue to build upon the work done to develop the Meteor as an economically viable, environmentally conscious, cultural and social hub here in Haileybury.

A cooperative is a business!  The biggest difference is that it is owned by a large group of individuals through the purchase of member shares. With this limited investment, you are given a voice to express your views and make decisions about the cooperative.  Your member share provides you with a vote at the annual meeting, the opportunity to participate in the Meteor working groups, and possibly sit on the Board of Directors, should you choose to do so. For a small contribution, you become part of the change.

We Need You, The Community

For a restaurant with a social, cultural and environmental mandate like the Meteor, we also need you, community members, to get involved.  There are many ways you could get involved with the Meteor Cooperative:  being an ambassador during busy hours, helping with the coordination of the music nights, participation in the development of our menu, taking part in growing food for the restaurant, sitting on more traditional committees such as finance, human resources, marketing or the Board of Directors, or simply by helping with the building or equipment maintenance or a little cleaning once a month.

The Meteor Cooperative will also require the financial support of the community in order to purchase the business and restart the operations under the new model. This can be achieved by investing in shares.  As the cooperative grows, you will earn dividends on your investment while making a significance difference as together we build our community for our residents and visitors alike.  The level of financial support from the community is key to achieving sustainability.

The Team of Coop Employees

Over the past two months, we have had a group of six current Meteor employees who have taken up the responsibilities for the operation of the restaurant. Over and above their regular work, they have taken on managerial tasks without pay, in an effort to convert the Meteor into a profitable cooperative. They believe in the Meteor and in our transition to a cooperative model. They are working hard to keep their jobs, learn new skills, make a difference in the community, and continue to serve you.  We are confident they will continue to provide the excellent service with which we are all familiar. The operations of the restaurant are in good hands, as together they have close to 100 years of experience in the service industry.The team is comprised of Kelly  Howard, Steve Benoit, Stacy Ducharme, Kim Fraser, Serge Dubé and Cyle Willard.

Be Part Of The Change

Be part of the change: join the team to develop an innovative, community-driven, sustainable, collaborative model for the Café Meteor Bistro as we continue to strive to contribute to the beautiful quality of life we are so fortunate to enjoy in our region. We have a group of motivated employees who desperately want to continue operating the restaurant. However, they need the help of this community to support their work, and to help with the financing of this new and exciting business model.

Unfortunately, if the interest demonstrated by the community members is insufficient, the employee motivation alone will not be enough to support the conversion into a cooperative and the Meteor would be closing its doors soon.

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We hope to see you on Sunday, March 24th!

Details of the plans for the transition to a cooperative will be presented, as well as its mission, vision, and objectives.  A list of working groups will be identified, so you can see where you think you might best fit, be that helping out for a few hours a month, or playing a larger contributing role. Financial projections will be presented, and investment possibilities explained.

If you can’t make it, please send us an email or a message on one of our social media platforms to express your support and we will send you a link to a video and to some documentation about the various opportunities.     info@ripplesoftwaresandbox.ca

Thank you for your support over these last two years and we hope to see the continuation of this beautiful adventure under this new business model, towards the transition to a cooperative.

Cooperatives are real businesses

 

Nicole Guertin & Jocelyn Blais, current owners

The team of coop employees
Kelly Howard, Steve Benoit, Stacy Ducharme, Kim Frase, Serge Dubé, Cyle Willard

 

To learn more about Cafe Meteor Bistro, please continue visiting our web site.