CoopMart
CoopMart is a tailor-made business concept for your coop. It is THE General Provisions Store for “no frills” basic daily needs and locally-produced items. It is the Retailer King in the community. It aims to be known as the new town plaza, the gathering place for members.
The Vision
We shall grow this business across the network. We will create “A unified retail business among consumer coops operating as one integrated chain for efficiency, better prices and better services for members. Our mission is to grow the integrated chain of Coop Mart in strategic locations that provide quality products and services at reasonable prices and operate within the cooperative’s value system, following uniform concepts and standard operating procedures in order to attract new members and encourage patronage of existing members.
The Strategy
Through Coop Mart, we offer an enterprise concept that will unify the fragmented businesses of the consumers’ coops into one integrated chain with joint purchasing and own local production for better quality goods and better prices. We will provide your coop regular training and competence development towards efficiency, profitability and satisfaction of members’ needs and wants.
The Business Standards
CoopMart offers proven store lay-out, standard ratios in terms of profitability, capital structure and cost structure. Coop Mart has an Operations Manual, a Marketing Manual and a Training Manual which will serve as the management’s day-to-day guide / bible. You will also be provided the standard software that automatically generate the financial reports and the retail metric for analysis and decision-making. It targets an ROI of not less than 20% and therefore bigger patronage of members.
Coop Mart provides:
Assistance in Site Selection
Design, Construction, and Technical Support
Operations Standards, Systems and Support
Manual for Operations, Marketing and Training
Marketing and Advertising Services
Retail Software – EkoopMart Software
Upgrade Training and Exposure to International Coop Mart Chains
Coop Financial Investment
The financial requirement for a Coop Mart ranges from P3M to P12M depending on store size, location, and other factors (excluding site acquisition costs).
The Licensing Fee is P350,000 – P500,000 depending on site area/location.
The cost of the software is P250,000. This has six modules: POS, Inventory, Accounts Receivable, Accounts Payable, General Ledger and Payroll.
How your Consumers Coop can be part of the Coop Mart Chain:
Submit a Board Resolution of Intent to Mr. Cresente C. Paez or Ms. Cecilia de la Cruz of NATCCO/NEDC and fax it to (02)913-7016 or (02)912-5962. You may also e-mail your board resolution toceo@natcco.coop or cmdelacruz@natcco.coop or mail to NATCCO Enterprise Development Center, NATCCO Bldg., 227 J. P. Rizal St., Project 4, Quezon City.
NATCCO will then send a representative to discussing the Licensing Details.
NATCCO will inspect your proposed location.
If location is approved, coop will have to sign the Licensing Agreement and pay the initial downpayment of P100,000 for the initial mobilization on the project.
Two months after opening, coop will have to pay the balance on the Licensing Fee.
Since its inception, there have been a number of cooperatives that have availed of the Coop Mart system. Sta. Ana Multi-Purpose Cooperative (SAMULCO) of Davao City opened a new Coop Mart Branch in Puan, Davao in July 2008. SAMULCO also partnered with NATCCO for the enhancement of the Ekoopmart System to facilitate interbranch connectivity of stores as well as the warehousing system of the cooperative. Some co-ops have reported great success in their earnings after adopting Coop Mart. For instance, the Abra Diocesan Teachers and Employees Multi-Purpose Cooperative (ADTEMPCO) of Bangued, Abra reported that their Coop Mart is now earning more than Php 130,000.00 sales per month from a monthly sale of Php 30,000.00 to P 60,000.00.
We also recently opened a new branch in Maasin, Leyte.
Because of similar success stories there are five other cooperatives whose Coop Mart projects are under way and seeing great improvements. These are Integrated Coop Towards Unified Services (ICTUS), Suralla, South Cotabato; St. Jude Multi-purpose Coop (Lucena City); Cordova Multi-Purpose Coop (Cordova, Cebu); Nabunturan Integrated Cooperative (Compostela Valley); and Notre Dame of Jolo Multi-Purpose Cooperative (Jolo, Sulu).
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227 J. P. Rizal St.Project 4, Quezon City 1109
natcconetwork@natcco.coop
8913-7011 to 15