Red Bay Grocery Continues To Evolve
Even before the Red Bay Grocery opened just shy of two years ago, it was an unusual operation because area residents were permitted to buy shares in the store.
Principal owner Charles Morgan offered 49 people an opportunity to be shareholders at $1,000 each with the guarantee they could get a full refund after a year.
At the one-year anniversary meeting of shareholders, even though there were no profits to share, only one person decided to pull out of the fledgling operation.