Eddie and Susan Rideout are experienced business owners. They own Hampden Redemption Center as well as a Rideout Enterprises, a commercial cleaning service in the Hampden area. They had the opportunity to purchase another business – a storage unit business in Ammo Industrial Park, a former military location in Hampden from the 1960’s. They already rented several spaces at this location for their current enterprises, and did some maintenance and snow plowing for the owners. They were present on the property and had skill-sets to make ideal owners.Read More
When Paige Wilcox and her husband Mike first opened Wilcox Wellness & Fitness six years ago, they worked extensively with Maine SBDC business advisor Tom Gallant. Tom helped the Wilcox’s to create a business plan in order to obtain the necessary financing which allowed them to open the doors of their 4,000 square foot facility in Bangor. Tom challenged them to think through the value proposition and the transition process. With that, they were set up for success from the beginning. Paige remembers, “Tom was amazing for us – 1 part business advisor, 2 parts marriage counselor, and 100% amazing.”Read More
Have you ever gotten your vehicle detailed and felt the stress of dropping your vehicle off for service and not having access to your vehicle for a full day? Anyone who has gotten their vehicle detailed will tell you this is the biggest downside to the service. Although many people take pride in their vehicles and want clean rides, sometimes the hassle of not having a vehicle to use during the day stops people dead in their tracks. This inconvenience is what sparked Taylor Nadeau’s creative juices to open a mobile detailing business. Nadeau has been detailing vehicles on the side for years and has worked for local dealerships in the past, and in his experience, it was always a challenge getting clients to drop off and leave their vehicle for any extended amount of time. Nadeau saw the inconvenience this caused clients as an opportunity for himself.
In January of 2018, Nadeau approached Josh Nadeau of the Small Business Development Center (SBDC) at Northern Maine Development Commission where he pitched his business plan. The SBDC helped answer a lot of my preliminary business questions as far as getting a formal business established, said Taylor. It was with the SBDC that I also formulated a business plan with complete financial projections for the first year of business. “Detailing cars as a side gig is one thing but getting done your day job and diving into this as my only source of income was a scary thought. The time I spent working on projections really helped me to feel more at ease about taking the next big step into self-employment. “Read More
Laura Seider and her husband Geno have wanted to own their business for years. The couple has turned to Center Director and Business Advisors Josh Nadeau for assistance over the last several years assessing different business opportunities, but have not quite found one worth purchasing or pursuing.Read More
Kathi Langelier is the founder and formulator of Herbal Revolution. Herbal Revolution is a wellness products business that provides handcrafted, high quality herbal teas, tonics and elixirs. For over 20 years, Kathi has been farming and formulating botanical medicine and has a deep love for the natural world. Based in mid-coast Maine, she grows non GMO, pesticide and chemical free herbs that are used in products on her certified organic farm.Read More
Jon Phillips and Briana Campbell had long dreamed of starting their own coffee company. The New York-based couple had the perfect combination of skills. Jon had experience in all aspects of the coffee business while Briana brought the branding and marketing expertise. They dreamed of a place where they could offer the best beans, sourced by people Jon had met in his coffee travels, in a beautiful, modern environment. Read More
As Brian Warren approached his retirement from the U.S. Air Force, his father-in-law Robert Roakes, the owner of The Village Woodworker, was ready to retire too. Warren had been working alongside Roakes for ten years and talked with him about carrying on his woodworking legacy, which led to the opportunity to purchase the woodworking business from his father-in-law. The business, The Village Woodworker, has been in the family for nearly 65 years and is known for their unique designs and quality artisanship. The Village Woodworker makes custom designed furniture and specialize in state of the art, handcrafted hardwood stools.
Brian reached out to Maine SBDC Business Advisor Ashleigh Briggs for assistance in understanding the process of buying a business. Together Ashleigh and Brian reviewed the business’s financial statements and various methodologies for valuing a business, so the seller and buyer could settle on a fair price. After settling on a purchase price with his father-in-law, Brian worked with Ashleigh to develop a business plan and supporting financial projections to be able to apply for a loan to complete the sale.Read More
Rachel Jackson is no stranger in the restaurant scene in Western Maine. She has operated two other restaurants in the area, and for years has dreamed of opening another in the Farmington area. Rachel began working with Business Advisor Larry Giroux as she explored her options and next steps in making this dream a reality.Read More
Steven Salois came to see Maine SBDC Business Advisor Peter Harriman with a novel business idea. He wanted to start a motorcycle rental business in Southern Maine. This business would be much like car rentals for travelers, but for motorcycles. This type of business is uncommon, and Steven saw a need for Maine tourists who could not bring their own motorcycle but wanted to rent one.Read More