EDIC/Lynn
Economic Development & Industrial Corporation of Lynn, Massachusetts
 
       
 
 

Lynn EDIC helps family market renovate, thrive

October 12, 2009
The Daily Item

The business model for Compare Supermarket was founded on two basic life staples - food and family.

The full-service, family-run food market, located at 2 Adams St. Extension, carries an extensive supply of ethnic food products and specialty items for the growing Latino population in Lynn and the North Shore.

Based on the success of their original store in Chelsea, owners Alberto and Betty Calvo and Tomas and Carmen Dominguez had hopes of expanding the Compare Supermarket brand name throughout the North Shore. They opened the Lynn store in April 2005.

The Calvo and Dominguez couples, who migrated from Cuba and met while living in Massachusetts, worked in the food wholesale business before opening the Chelsea store in 1996. By founding Compare Supermarket, they sought to provide an outlet for a wide variety of ethnic foods, including a full line of Goya products and traditional Latin American and Caribbean meats and produce.

Pictured from left are Compare Market managers Mark Iannotti and his wife, Vivian, store owners Alberto and Betty Calvo and Carmen and Tomas Dominguez.

ITEM PHOTO
Pictured from left are Compare Market managers Mark Iannotti and his wife, Vivian, store owners Alberto and Betty Calvo and Carmen and Tomas Dominguez.

"We saw the potential, the opportunity that was there," said Tomas Dominguez, considered a pioneer in the ethnic food market. "The demand was growing, not only to serve certain populations, but to serve the community in general. As a culture, we're becoming more of a melting pot, and this store reflects that."

The Calvos' daughter, Vivian, and her husband, Marc Iannotti, came on board to manage the Lynn supermarket when it opened. The couple, who live in Swampscott, have a daughter and twins on the way. Iannotti had been working as a financial advisor before making the career change.

"My in-laws had been talking to me about coming into the business and I decided it was time to make a move," he said. "It was a steep learning curve at first."

Looking back, he has no regrets.

"I can't imagine doing anything else," he said. "It's been very rewarding and very much fun."

The decision has also panned out to be a good business move. Though there were challenges and missteps early on, sales have more than doubled in the past few years.

"We've had some outside help - an ethnic supermarket guru who's been a mentor to me, a produce manager who's really turned around that department," said Iannotti. "It's been a tremendous metamorphosis. And that's a tribute to the employees and the patience of the owners."

The Lynn supermarket employs nearly 30 workers, 90 percent of whom are Lynn residents. Nearly 70 percent have remained since the store's opening. According to Iiannoti, those employees have truly made the business the success that it is.

"The people who work here really care about the store and about the customers," he said. "Good relationships make all the difference in the world."

He also credits the assistance of the Economic Development and Industrial Corporation (EDIC/Lynn), which enabled the owners to move forward with interior renovations and the installation of new refrigeration equipment.

"Without EDIC, we wouldn't have opened," said Iannotti. "We were able to really renew the frozen, meat and produce space and change the face of the store. They bent over backwards to help us come in here."

"EDIC was glad to help the Iannotti and Calvo families to achieve their dream. They have been very successful and very involved in the community. We wish them continued success," said EDIC/Lynn Executive Director James M. Cowdell.

Currently, the family is renovating the Chelsea store, upgrading shelving and putting in a greater variety of products. There have been discussions to open a third location, but a decision has not been formalized.

"We're here in Chelsea and Lynn for the long haul," said Iannotti. "We're certainly looking to serve ethnic populations in other communities, but it would have to be the right opportunity."

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Economic Development & Industrial Corporation
Lynn City Hall ~ Room 307  .  3 City Hall Square, Lynn MA 01901
Phone: 781.581.9399  .  Fax: 781.581.9731  . 
Email: info@ediclynn.org