Mills Market has been a staple of Andover since the 1890’s. In its 4th generation of family ownership, Mills Market provides a variety of grocery items as well as homemade prepared foods. When another local store closed, Mills Market began seeing a spike in revenue despite the pandemic. Business owner Patricia Cox wanted to capitalize on the growth and purchase this second location, which has the only gas pumps for at least 20 miles. This would attract residents and tourists as well as recreational vehicles such as snowmobiles and ATVs.
Working with Maine SBDC Business Advisor Lori Allen, Patricia created a business plan and financial projections. They worked to provide the lender with all the necessary materials to secure financing to move this project forward. In late 2020, Patricia and her business partner Joe were able to secure the loan to purchase the building and to get the gas pumps working again.