Lost Valley, a small ski area located in Auburn, Maine, has been a staple of the area since 1961. The first ski area in Maine to make artificial snow, the business features 15 trails and a terrain park, offering something for skiers of all abilities. It also boasts one of the largest ski schools in Maine.
When the potential for purchasing the business arose, Scott Shanaman and his wife April jumped at the opportunity. Familiar with the ski industry (they also own and run a ski lift maintenance business) but seeking guidance on obtaining financing and executing the purchase, they reached out to Jane Mickeriz, Maine SBDC business advisor at the Androscoggin Valley Council of Governments (AVCOG). Together they spent many hours working on a business plan, financial projections and loan packaging which Shanaman presented to several banks.
Maine SBDC client in the news…
“Hang on, I’ve got to pull a rack of chips from the fryer,” says Kelly Brodeur — co-owner with her husband Scott of the startup Vintage Maine Kitchen — before settling into a recent phone interview.
Celebrating their first year in business on Aug. 1, it seems the Brodeurs are pulling countless racks as their small-batch, hand-made potato chips soar in popularity. From a first run of 12 cases produced from 100 pounds of potatoes for a local store, they are today producing chips for about 100 locations in Maine and beyond, and enjoy robust online sales.
They decline to cite revenue, but say their sales figures are twice the start-up loan amount they received from Coastal Enterprises Inc., the Brunswick-based nonprofit that assists with rural business development.”
Catherine Cote went to see Business Advisor Jane Mickeriz seeking licensing, location and financing assistance for a new business she wished to start.
Betsy and Zeth Lundy originally contacted Center Director and Business Advisor Tom Gallant in 2010. The husband and wife team wanted to buy a building in historic downtown Bangor in which they could live on the top floor and open a business on each of the two bottom floors. Gallant has since spent over 50 hours working to help this couple’s businesses succeed.
“Your guidance and help in the business plan and projections helped me accomplish something I have never done.” – Jill Miller, Business Owner
Mark and Kelly LaCasse have been working with Business Advisor Janet Roderick since February 2011. They planned to purchase a building in downtown Skowhegan, and renovate for businesses on the first floor, one of which would be their new food business, and an apartment on the 2nd floor.
“We really enjoyed working with Josh, he was very knowledgeable and if he didn’t have the answer he was quick to get one.” Amanda Crane, Business Co-Owner