Frequently Asked Questions

When is the next meeting of the Owners?

How many people may share an ownership?

What will the Owner investments be used for?

Do seniors still get any special treatment?

Do I have to be an Owner to shop at Basics?

 

When is the next meeting of the Owners?

An annual Owner meeting and dinner is held each June. Details are announced in The Scoop store newsletter, to email subscribers and at Customer Service in the months leading up to the meeting.

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How many people may share an Ownership?

Ownership rights will be conferred to the one person whose name and signature appears on the Ownership Application, but others who live in the Owner’s household – one additional adult and unlimited children- are welcome to take advantage of the Owner discounts.

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What will the Owner investments be used for?

Like any capital investment, the owner investments will be used for the capital needs of the store. Initially, these investments were used to purchase the Basics business, but in the future, these assets likely will be used to make improvements at Basics. If you are an Owner of Basics, you will be able to participate in the decisions of how to use the member investments.

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Do seniors still get any special treatment?

You bet! Every Tuesday is Senior Day at Basics, with 5% off regular-priced items for everyone 65 & Wiser. However, unless they become Owners, seniors will not have access to any of the the other benefits of Ownership.

 

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Do I have to be an Owner to shop at Basics?

No! Owners get much better treatment, though, Owning and controlling the store, receiving multiple special discounts and being able to participate in all that Basics Cooperative has to offer.

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Will the Roang Family still be involved with the Basics Cooperative?

Absolutely! David became the first Owner of the Co-op and is on the Board of Directors. Here is his letter to the customers of Basics in 2005:

“You have enjoyed Basics for 27 years. You have watched the business grow and flourish, and I hope you will join me on the next great step for Basics.

I would like to invite you to become an Owner of Basics.

How can you become an Owner of Basics? A cooperative! A cooperative is simply a type of business in which the ownership interests are held by the customers. It operates for the benefit of all of its customers, not necessarily to make a profit. By joining together, you can ensure that Basics continues to be everything you want. Basics will become a sustainable, democratically controlled, economically fair form of business ownership.

This is not a new idea. The natural food industry is full of examples of very successful food cooperatives, all owned and run by their customers. And, importantly to me, its an idea that my dad had before he died. When he knew that I would be responsible for Basics, he asked that I pursue the cooperative future for Basics. It has taken me a bit of time to get myself and Basics ready for the transition, but we are ready now.

I have been honored and privileged to continue my dad’s lifetime of work. With the assistance of the Basics staff, we have made sure that Basics continues its mission of providing quality natural foods and information. As always, your dedication and loyalty to Basics have kept the business going strong. Please accept my invitation to participate in this exciting new future for Basics, and we will work together to make Basics better than ever.

Join the Basics Cooperative today!

Sincerely,

S. David Roang ”

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