Josh & Alicia had worked for the previous owner of Northern Lights Hearth & Sports for more than a decade before they were approached about the possibility of stepping into an ownership position. Josh & Alicia were familiar with the business and were strongly positioned to take over the responsibilities of ownership but had never thought about the logistics of an acquisition. To understand the different stages of the transfer and develop a reasonable debt structure for their “new” business, they turned to the Maine SBDC at Androscoggin Valley Council of Governments. Working alongside Business Advisor Raynor Large, they tweaked their business plan, developed a set of financial projections, understood and negotiated their purchase structure, and closed on the deal. Read More
Northern Lights Hearth & Sports – Farmington
Maine Fly Company – North Yarmouth
Jeff Davis had one goal in mind to celebrate his late father: to share his passion for Maine’s fly fishing culture. Jeff wanted to provide high-quality, affordable small batch rods that are carefully crafted to reflect the beauty of Maine’s waterways. Since opening in 2019, Jeff and his team have experienced promising growth and have plans to continue to expand the business. Jeff found the Maine Small Business Development Centers while seeking advice on the best approaches to expansion. Read More
Sarah Brandon Art – Steuben
Sarah Brandon moved to Maine over 30 years ago, inspired by Maine’s beauty and strong art community. She knew this was the perfect location to fulfill her artist aspirations. Sarah specializes in the traditional hand lettering for custom boats and small signs. She also creates watercolor paintings, unique durable floor cloths, cards, and many other art offerings all inspired by Maine’s nature. Read More
Shore Path Cottage – Bar Harbor
Shore Path Cottage is located on the coastline in Bar Harbor overlooking Frenchman’s bay and less than two miles from Acadia National Park. They offer one the most comfortable and scenic B&B’s in the State of Maine. Roberta Chester has maintained the history of the 1880 building while incorporating innovations and modernization for her guests. Amidst the COVID-19 pandemic, the Shore Path Cottage suffered immensely, having to close its doors due to safety concerns and guidelines. Roberta had to identify ways to sustain the losses from 2020, and that’s when she contacted the Maine Small Business Development Center. Read More
Expose Design LLC – Portland
Since 2008, Victor Rios and his business Expose Design LLC has provided small businesses with customized marketing solutions that help them grow. Expose Design offers all things marketing including graphic design, logo creation, print work, embroidery, screen-printing, and promotional content creation. Like most small businesses, Expose Design took a financial hit during the pandemic. This in combination with some previous high-interest debt had Victor concerned about his future. He was referred to the Maine Small Business Development Centers for assistance understanding funding options to help in the recovery process.Read More
Better Living Center – Farmington
Wayne Drake had a unique opportunity, to purchase and take over the business where he began his professional career. When Wayne was a teenager, he worked at Better Living Center, an organic, whole food store located in Farmington Maine. He not only assisted with customer service duties but helped with bookkeeping, payroll, and ordering supplies. This experience sparked Wayne’s interest in pursuing a banking and law enforcement career. Years passed but Wayne never forgot the values he gained at Better Living Center. When the previous owners were ready to sell, Wayne jumped at the opportunity.
Live Life Family Practice – South Paris
After years of practicing in a large medical facility, Cortney struggled with the all-encompassing role the insurance industry played in providing care. To remove this from the equation and provide more direct care in addressing her patients’ needs, she launched her own private practice based on a Direct Primary Care Model, in which a subscription-based payment model provides all of the basic care needs for an individual or family.
Circle Two Disc Golf – Bradford
Disc golf has been rapidly growing in popularity as both a recreational activity and a professional competitive sport. Andrew Kahl is an active member of Maine’s disc golf community and wanted to create his own course on his family’s land. He reached out to the Maine SBDC at CEI for assistance understanding what is involved in starting his own business.
Trailside Gardens – Abbot
Trailside Gardens evolved from a lifelong interest in the natural world surrounding us, particularly plants and landscape design. For eight years, Trailside Gardens in Abbot has offered an impressive selection of healthy plant material. As a small nursery selling plants, business owner Pauline Eldredge was facing supply issues and decided she was ready and needed to expand her business. She was ready to increase her inventory and to purchase her own greenhouse where she would grow her own products. She had the vision and the skills, she just needed funding to support this growth. Read More
Wandering Goat – Union
Since 2013, Tanya Rudy and her mother Cheryl have been making handcrafted soaps from their family farm in Midcoast Maine. This mother-daughter team located in Union makes their soaps in small batches and uses only the finest quality ingredients. They combine fresh goat’s milk from their own herd with organic oils to create naturally scented and colored products.Read More