Australasia’s largest automotive cooperative, Capricorn, is 100% owned by its Members. Therefore, it makes perfect sense that Capricorn Members, who are also the company’s Shareholders, are also able to create wealth from the cooperative’s business success across Australia and New Zealand.
Capricorn is all about helping its Members to run and grow their businesses, while also creating wealth for them over the long term.
Trade account business loyalty is the key to creating additional long-term wealth with Capricorn. Once a Capricorn Member has qualified to purchase shares, the Member is invited to directly benefit from the success of the cooperative. This is done by purchasing Capricorn shares. The amount of Capricorn shares that can be acquired is largely dependent on the amount spent using a Member’s Capricorn Trade Account. The annual Capricorn Wealth Certificate clearly shows that you don’t have to operate a huge business to gain significant annual financial benefit from your shareholding’s dividend payments as built over time.
The Capricorn Wealth Certificate outlines each Member’s shareholding, dividend paid, reward points earnt, spent and the Member’s points balance, over a set period. Capricorn paid on average $2m monthly to Members in reward points alone during the last financial year. There are countless stories of Capricorn Members across Australia and New Zealand who are generating a significant retirement nest-egg from their shareholdings. This is wealth that is generated simply by operating their businesses using their Capricorn Trade Account for all their business needs from the vast list of Capricorn Preferred Suppliers. It also includes their spend on those valuable Member benefits like Capricorn Risk Services, Equipment Finance – even booking a trip with Capricorn Travel.
For some Members, the wealth generated through their Capricorn shareholdings is used to pay for annual holidays, while for others, the shareholdings are kept in accumulation for retirement. By constantly using their Capricorn Trade Account for business purchases, along with the normal generous accrual of 1.5 reward points per dollar spent on eligible purchases, Members can benefit financially from how they do business.
Capricorn Members such as Klaus Hornberger, proprietor of Eurogerm Car Repairs in Bayswater, Victoria is delighted with his investment in Capricorn. “I started with 500 shares some twenty years ago and have grown my shareholding significantly since then. We have no other investments that return such strong dividends. I am very happy with the investment that I have made and the financial returns that have been generated from my Capricorn shareholding. Capricorn have made it so incredibly easy to do business with them as well,” Mr Hornberger stated.
According to Capricorn Group CEO, Greg Wall, “Capricorn Members are at the centre of everything we do, and we are certainly proud of the financial benefits that have been delivered to Members through our Reward Point Program and Dividend Program. Capricorn is all about making it just easier for our Members to run and grow their business. The financial returns from making the decision to be part of Capricorn makes the decision to join just easier as well”.
To find out more about Capricorn visit www.capricorn.coop or to join Capricorn, Australasia’s largest automotive and general products buying group, email firstname.lastname@example.org.