Market Research/Real Estate

Contact James Cochran or Katie Horlander for more information

U of L Business School student report Sept 2017


Scope of work for this committee:

  • Commission a professional location and site analyst with expertise in food co-op development to research the best place in your area for a retail co-op.
    • Ideally that support the values of the co-op, including serving the underserved
  • Use the results of your feasibility and market study to learn about needs and shopping patterns of your prospective customers.
  • Explore options for leasing, owning, building new, or remodeling a site.
  • Set minimum retail square footage needed to support demographic feasibility
  • Longer term
    • Choose one or two people to handle site search and real estate negotiations.
    • Negotiate a lease or purchase agreement.
    • Create an initial site plan and store design.
    • Get preliminary approval from the city for the plans.
    • Begin the bidding selection process for an architect and building contractors.
  • Hire a project manager to oversee implementation after a site has been secured.