A loaf of bread, a gallon of milk, and hope for a better tomorrow.
Excuse me while I interrupt Dan's family feud with something not related to the farm bill. Just a few hours north and east of where we sit in Lyons, Nebraska is the small town of Truman, Minnesota. Population 1,259.
About a year and a half ago the town's grocery store closed - a move that can be devastating to a small community. A grocery store is a critical component of community infrastructure that every small town needs to prosper. With the closing of the grocery store more people leave town to do all of their shopping, elderly residents and others without access to reliable transportation find themselves with few or no options for grocery shopping, and the town becomes less attractive to those considering to move there.
Enter 17 year old and Truman High School student Nick Graham. It took Nick less than three months to purchase and reopen the shuttered grocery store in his home town. With enthusiasm, a vision for the future, a sense of purpose and a modest loan form a local economic development corporation Nick Graham became the new owner of the store before he even graduated from the local high school.
The Youngest Grocer In America
Rural main streets across America are struggling to survive, and the shuttering of a grocery store, drug store or hardware store is all too common. As Nick is demonstrating though, innovation, new energy, and the commitment of a new generation can help turn around the fate of a small town.









reply to video
I have to agree. What an
This is very
This should be an example to
Agree..for a better place
He became a man the day he made plans to open the store!
i miss...
Hey man I thank you really
Great
Thanks for the sharing.
Great Post
Bravo
Wall Street needs to take
Shaw, Good point, but we
Shaw,
Good point, but we may be too late. The whole Wall St crash is upon us now, and all we can do is fix it moving forward!
Not easy
How's Nick doing?
I'm proud of Nick for doing what he did, but does anyone know how he is doing?
A friend works in the grocery industry, and they are getting killed with fuel rising increasing product cost, and the general cost of goods going up too. They aren't able to take retail increases in proportion to the cost increases.
Margins are going down, and profitability is tough. The previous owners probably had that problem.
I hope he does well, as there are few independents these days, with the 600ll gorilla (wmart) killing off the small guys!
Amazing story
Yup, Definitely the
Yup,
Definitely the margins. In general grocery store net margin is 1-3%. Any hiccups and you're toast.But...if you can manage your cash flow. you can do amazing things.
@ Kelly Retail can be
@ Kelly
Retail can be very tough, and yes the margins are very much a problem.
Last month, many retailers announced job cuts, and only Walmart posted good sales. We need to brace oursleves for the coming onslaught!
hope he makes it.
Reading this I was very inspired by the entrepreneurial spirit! But as I read comments, I did become a little worried for Nick.
I really hope for his success, and I hope he can pull it through!
Way to go!
What an inspiration! Thanks to Nick for following a dream and taking a chance. And thanks to the community that stands by him!
I love inspiration! I have a great respect for those who choose to follow their dreams, and I am truly inspired when someone with a dream follows through and the community shows up!
That is one of many things I absolutely love about rural America!
Thanks to Nick and the community in Truman -- You're my fireworks this year!
Fair play to the young
Fair play to the young fella. I can understand it's hard to have a small village shop in a small village. In Ireland this problem is all over the place and its a real shame.
Ruining a way of life.
well done to the lad
Things will get worse
I hope this guys is doing
Good Investment
Pretty impressive to have a calling, accept it, and then follow through with and make it happen. Even if the financial investment doesn't pay off I'm sure the experience he gains will be rewarding in itself. It takes guts to invest in yourself and your community....Very Impressive
Good for him
SOLD
Re Sold
That's a shame if the store was sold, but a few commentators had mentioned about the lower margins and it's tough for anybody in these hard times let alone a young entrepreneur.
Well, can't blame him for trying and I hope he continues with the sense of community. He seems very mature... heck, he even sounds it in the video!
It's a shame if he sold his
Economy keeps getting
Nice Story
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