Farmers Market enjoys big profit boost
The Marlborough Farmers Market almost tripled its profit this year.
Good governance, great staff and increased market days resulted in another successful year of trading for the Marlborough Farmers' Market, says the market's former chairman.
The incorporated society's financial report showed a net profit after tax of $16,450 for the year ending July 31, 2012, up from $5702 the previous year.
Former chairman Chris Fortune put the success down to good governance, great staff and increased market days.
Gross trading profits were $86,421 for the past year, up from $68,382.
Net assets increased to $24,342 from $7892, because of the mobile kitchen trailer, which was built last year.
The Marlborough Farmers' Market Incorporated is a not-for-profit society.
Mr Fortune said the introduction of the market in Picton this year plus more winter market days increased the total number of market days. This increase was shown by revenue collected from stallholders site rental fees of $32,436, up from $28,695 a year earlier.
"We try to look after the stall holders we have . . . we may not be the biggest or flashest market around, but are more focused on showcasing the best produce Marlborough has to offer."
Despite the challenging market conditions in the retail sector, Mr Fortune is pleased to end the year in the black and credits the society's staff and committee members.
In 11 years the market has only twice had an annual report in the red.
"We've always been happy with our bottom line . . . We've reacted to the market changes by tightening our belts and continuing to invest in ourselves."
The market is held in the Alfred St carpark on Sunday mornings, and will move back to the A&P showgrounds from October 7.
The Marlborough Express