Richard’s At a Glance

Richard’s Vision:

Richard’s Foodporium™ is a retail natural and specialty foods chain based out of Sarasota, Florida. The Richard’s concept is founded on providing affordable natural and specialty foods in convenient neighborhood stores.

 

Products

  • Natural, organic and specialty foods
  • Vitamins & supplements
  • Personal care products
  • Frozen & dairy
  • Huge bulk foods selection
  • Large selection of quality private label products

 

Format

Richard’s stores are designed for efficiency, convenience and a positive shopping experience. The ambiance is of a vintage neighborhood market, and creates a uniquely nostalgic and intimate shopping experience. Stores are located in convenient neighborhood settings, average 1800-2500 square feet and stock an inventory of roughly one-third bulk foods, one-third grocery and one-third supplements.

 

Locations

There are 17 corporate stores. Richard’s affiliate distribution center is centrally located in Sarasota, Florida. Current locations

Founded

1979, by Richard Downey

 

Marketplace

Industry experts conclude that natural product focused retailers experience strong consumer

loyalty and sales momentum, even in times of economic uncertainty1. Natural and specialty

foods is a $112 billion recession-resistant industry that still enjoys dramatic growth annually2.

Over 83% of US households now purchase natural grocery products3. In the competitive

landscape, the marketplace is underserved and Richard’s is one of only a handful of discount

retailers in its niche.

 

Revenue

Grossing approximately $11 million annually 1 SPINS, the leading information and service provider for the Natural Products Industry; “The Importance of the Natural Retailer,”

November 4, 2008. 2 Nutraceuticals World; “Health and Wellness Sales Top $112 Billion,” 2009. 3 2008 Progressive Grocer daily

e-newsletter.

 

Sense of Community:

We reach beyond the products and services that we provide with a sense of community, building relationships in the community that share our good fortune, and encourage opportunity