| Author: | Homework Help Classof1 | ISBN: | 1230000114951 |
| Publisher: | Classof1 | Publication: | March 13, 2013 |
| Imprint: | Language: | English |
| Author: | Homework Help Classof1 |
| ISBN: | 1230000114951 |
| Publisher: | Classof1 |
| Publication: | March 13, 2013 |
| Imprint: | |
| Language: | English |
"Background Information, Cantaloupe Grocery Company
Cantaloupe Grocery Company was started over seventy years ago by five families. They opened their first grocery store in Raccoon Falls, Ohio and built the company to over seventy retail grocery stores. In 2002 they had a labor dispute with the Commercial Workers Union and they franchised their retail stores. Since then they have built their wholesale business where they now have 120 franchised retail stores. Stores carrying the Cantaloupe Grocery name are now found throughout Ohio and northern Kentucky.
In 2000 David Levine, the grandson of one of the five original owners, began buying out the other shareholders. He completed that process in 2006 when he paid $5 million for his mother’s stock. He is now the sole shareholder in Cantaloupe Grocery.
The Company to date has been audited by a small firm in Raccoon Falls. The bank required that the Company hire new auditors when David requested an increase in the line of credit.
"
"Background Information, Cantaloupe Grocery Company
Cantaloupe Grocery Company was started over seventy years ago by five families. They opened their first grocery store in Raccoon Falls, Ohio and built the company to over seventy retail grocery stores. In 2002 they had a labor dispute with the Commercial Workers Union and they franchised their retail stores. Since then they have built their wholesale business where they now have 120 franchised retail stores. Stores carrying the Cantaloupe Grocery name are now found throughout Ohio and northern Kentucky.
In 2000 David Levine, the grandson of one of the five original owners, began buying out the other shareholders. He completed that process in 2006 when he paid $5 million for his mother’s stock. He is now the sole shareholder in Cantaloupe Grocery.
The Company to date has been audited by a small firm in Raccoon Falls. The bank required that the Company hire new auditors when David requested an increase in the line of credit.
"
