Great Greens Farm Market

Increase your profitability through improved financial management
Ryan Smith - CEO of Great Greens Farm Market in front of produce

Elevating the level of health in the community by providing food that is straight from the farm to your fork.

About the company

Offers farm fresh and local produce, dairy, baked goods, grocery, frozen items, meats, deli, seafood, and more, with gluten-free and organic options. Also has a café and a garden centre.

Location: Cowichan, British Columbia

Industry: Specialty grocery store

Entrepreneur challenge

Despite healthy sales, this rapidly growing company was struggling to manage its profitability and needed to identify the areas of the business that were contributing to or harming its bottom line. As well, the business lacked insight into direct costs attributed to various product lines, which was negatively impacting profits.

BDC expertise

The advice of BDC’s financial management experts helped the company improve on costing and profitability. Following an assessment of the company’s business and financing goals, BDC’s team worked very closely with the owner to design processes and tools to strengthen the firm’s financial capabilities and provide hands-on training to use the tools effectively.

Results

  • Improved gross margins significantly within five months with potential for even greater profit control
  • Revealed areas of business that were a detriment to profitability
  • Created income statements for each department
  • Created a cash flow analysis tool
  • Reduced costs in targeted business lines
  • Improved cash flow to invest in growth

Tell us about your project

Get expert advice to sustain your business’ growth.

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