By Todd Cohen
GREENSBORO, N.C. — A retail store that Habitat for Humanity of Greater Greensboro opened just over four years ago to generate money to help pay for its homebuilding is paying off.
Proceeds from the Re-Store, which posted record-high revenues for the final month, week and day of 2004, and its biggest sales year ever in the fiscal year ended June 30, 2004, cover the full cost of the its operation and 88 percent of Habitat’s general administration and overhead expenses, Habitat says.
For every dollar raised by Habitat, 98 cents to 99 cents are used for direct support of its homebuilding program.
Opened in November 2000, the 40,000-square-foot store accepts new and slightly used donated items such as furniture, appliances, hardware, housewareS, building supplies, building supplies, cars and other vehicles that are working and in good condition, and sells them to raise money.
After subleasing the store building from Circuit City, Habitat in December 2003 made a down-payment to buy the property from Blue Gem Corp., thanks to an unexpected donation of $200,000 from the estate of retiree Max Cooper.
Sales at the store on Dec. 31, 2004, totaled $9,340, which exceeded the previous single-day sales record of $7,589 the previous month and brought December sales to $66,625, exceeding by 34 percent the previous single-month sales record set in December 2003.
Sales for the fiscal year ended June 30, 2004, totaled $605,000, the most ever and up 28 percent from the previous year, while sales for the six months through December totaled $337,409, up 15 percent from the same period a year earlier.
The store, which offers free pickup and is located at 3826 High Point Road, is open Mondays through Fridays, 10 a.m. to 5:30 p.m., and Saturdays, 10 a.m. to 4 p.m.
For information, call 336.851-2929.