Investing in Vt. business equals a lifetime of peanut butter - WCAX.COM Local Vermont News, Weather and Sports-

Investing in Vt. business equals a lifetime of peanut butter

Posted: Updated:
MORRISVILLE, Vt. -

The Croes family goes nutty for Vermont Peanut Butter.

"September 7th we bought 11 jars of peanut butter and we were out in three weeks," Elizabeth Croes said.

They don't eat much meat, so the almond and peanut butters mixed with concoctions of dried fruit, nuts and even chocolate, hit the spot.

"It's tasty; it's very yummy," said Molly Croes, 7.

"We really want it to come out in these packets. It would be more convenient than having a picnic (with jars)," Elizabeth said.

The family is getting their wish; Vermont Peanut Butter hopes to expand into single-serve packets so it's easier to take on the go. But it's reaching out to the community for help; VTPB is trying to raise $50,000 to launch the new line.

"When we have this equipment in place, we'll be able to manufacture over 10,000 packets a day," said Chris Kaiser of VTPB.

For $1,000, 50 investors will get two limited-edition Mason jars that can be filled with any VTPB variety weekly for the rest of their lives. It's calling the fundraiser "Forever Nuts." People can fill up at its Morrisville location and can pick two other people to fill up jars for them. People out of state can pay to have it shipped.

Chris Kaiser: For the $1,000, you get free peanut butter forever.

Reporter Gina Bullard: How much are we talking?

Chris Kaiser: You can come fill up every week forever, so that's a lot of peanut butter.

In two weeks, the company has 17 out of its 50 investors.

It's an idea four years in the making.

"It was a very surreal experience to say the least," Kaiser said.

VTPB was on its way to filling single-serving packets when Tropical Storm Irene washed away its Waterbury location.

"We had the pouches they were designed and in-house, we had a few components of the machine in-house, and all that was destroyed," Kaiser said.

After getting back on their feet at a new Morrisville location, founder Chris Keiser knew it was time to try it again and get the community involved.

Gina Bullard: Don't you think you'll be losing money in the long run?

Chris Kaiser: No, because what we're gaining is the opportunity to grow the packet business which will be 20-times larger than the jar business would ever be for us.

For the Croes family, it's a deal they ate up as soon as they heard about it. VTPB ranges in price from $6-$11 a jar. The family says they'll be seeing a return in no time.

"It took us about 30 seconds to realize the return on investment would be within the year," Elizabeth said.

Gina Bullard: What do you think about a lifetime of free peanut butter?

Molly Croes: I think that's awesome!

The lifetime promise is not transferable to other peanut butter lovers, and if the company goes out of business, investors might have to switch to turkey sandwiches.

Vermont Peanut Butter hopes to have all 50 investors by next week and they hope to be filling up single-serve packets by December.

Click here for more information on the fundraising effort.

  • Local NewsMore>>

  • Hinesburg man in custody after alleged shooting

    Hinesburg man in custody after alleged shooting

    Friday, April 25 2014 4:04 AM EDT2014-04-25 08:04:41 GMT
    Police say a 71-year-old man is in custody accused of shooting a female relative in the hand and chest around 8:30 Thursday evening.The incident happened on Richmond Road. The Hinesburg police chief says the man was arrested without incident. He and the victim are long time residents of Hinesburg. Detectives are still investigating what sparked the shooting. But the chief says neither the victim nor the shooter have had any interactions with police before this. The woman was taken to Fletche...More >>
    Police say a 71-year-old man is in custody accused of shooting a female relative in the hand and chest around 8:30 Thursday evening.The incident happened on Richmond Road. The Hinesburg police chief says the man was arrested without incident. He and the victim are long time residents of Hinesburg. Detectives are still investigating what sparked the shooting. But the chief says neither the victim nor the shooter have had any interactions with police before this. The woman was taken to Fletche...More >>
  • Springfield police search for armed robber

    Springfield police search for armed robber

    Friday, April 25 2014 12:00 AM EDT2014-04-25 04:00:49 GMT
    Springfield Police need your help to find an armed robber. They say yesterday a white man carrying a semi-automatic handgun held-up the Jenny Wren Café on Main Street. The suspect is described as 19-29 with a slight build and no taller than 5-foot-9.Police say he had a dark buzz cut, acne, and was wearing a red Ecko hooded sweatshirt.If you have any information on the robbery call Springfield Police.More >>
    Springfield Police need your help to find an armed robber. They say yesterday a white man carrying a semi-automatic handgun held-up the Jenny Wren Café on Main Street. The suspect is described as 19-29 with a slight build and no taller than 5-foot-9.Police say he had a dark buzz cut, acne, and was wearing a red Ecko hooded sweatshirt.If you have any information on the robbery call Springfield Police.More >>
  • Arlington man facing an animal cruelty

    Arlington man facing an animal cruelty

    Friday, April 25 2014 12:03 AM EDT2014-04-25 04:03:45 GMT
    An Arlington man is facing an animal cruelty charge after police say they found a dead dog on this property.It happened at 2760 VT Route 313. Troopers were at Rick Thompson's home investigating a burglary involving a wood burning stove when they discovered the dog. Thompson told police the dog died from kennel cough but a vet later determined the dog had been starved to death. The 47-year-old is due in court next month.More >>
    An Arlington man is facing an animal cruelty charge after police say they found a dead dog on this property.It happened at 2760 VT Route 313. Troopers were at Rick Thompson's home investigating a burglary involving a wood burning stove when they discovered the dog. Thompson told police the dog died from kennel cough but a vet later determined the dog had been starved to death. The 47-year-old is due in court next month.More >>
  • Senator Sanders pushes for better access to primary care

    Senator Sanders pushes for better access to primary care

    Friday, April 25 2014 12:06 AM EDT2014-04-25 04:06:48 GMT
    Senator Bernie Sanders is pushing for better access to primary care for patients in Vermont and across the country.More >>
    Senator Bernie Sanders is pushing for better access to primary care for patients in Vermont and across the country. More >>
  • Burlington School budget one step closer to re-vote

    Burlington School budget one step closer to re-vote

    Friday, April 25 2014 12:09 AM EDT2014-04-25 04:09:20 GMT
    A new Burlington School Budget is one step closer to a re-vote in the Community.The Burlington School board voted in favor of a 67.4 million dollar budget. Dozens of parents and voters turned out Thursday night for public testimony on their thoughts and concerns on the new more expensive budget. A recent audit uncovered a 2.5 million dollar deficit forcing the board to slash about 2.5 million dollars in programming and staff. This new budget is 600-thousand dollars MORE than what was voted do...More >>
    A new Burlington School Budget is one step closer to a re-vote in the Community.The Burlington School board voted in favor of a 67.4 million dollar budget. Dozens of parents and voters turned out Thursday night for public testimony on their thoughts and concerns on the new more expensive budget. A recent audit uncovered a 2.5 million dollar deficit forcing the board to slash about 2.5 million dollars in programming and staff. This new budget is 600-thousand dollars MORE than what was voted do...More >>
  • Robber hits the same bank twice?

    Robber hits the same bank twice?

    Thursday, April 24 2014 7:01 PM EDT2014-04-24 23:01:18 GMT
    A security guard and bank manager at the People's United in St. Albans held a would-be robber until police arrived. And investigators think he is the same man who robbed the bank Monday.More >>
    A security guard and bank manager at the People's United in St. Albans held a would-be robber until police arrived. And investigators think he is the same man who robbed the bank Monday.More >>
  • Man shot by Vt. cop faces charges

    Man shot by Vt. cop faces charges

    Thursday, April 24 2014 7:31 PM EDT2014-04-24 23:31:24 GMT
    A man shot by an officer inside the Bennington police station faces charges of aggravated assault with a deadly weapon.More >>
    A man shot by an officer inside the Bennington police station faces charges of aggravated assault with a deadly weapon.More >>
  • Man charged in Vt. teacher killing wants confession tossed

    Man charged in Vt. teacher killing wants confession tossed

    Thursday, April 24 2014 2:29 PM EDT2014-04-24 18:29:39 GMT
    A Vermont man charged with killing a popular St. Johnsbury teacher is asking a judge to exclude from his upcoming trial a detailed confession he gave to police investigators.More >>
    A Vermont man charged with killing a popular St. Johnsbury teacher is asking a judge to exclude from his upcoming trial a detailed confession he gave to police investigators.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.