Skip to content

CEI

Innovation and investment in rural America.

  • Find an Advisor
    • For Entrepreneurs
      • Small Business Development Center
      • The CEI Women’s Business Center
      • StartSmart
      • Workforce Solutions
      • Child Care Business Lab
      • Downeast Business Boot Camp & Pitch-Off
      • Resources
    • For Sustainable Food Systems
      • Agriculture & Food Systems
      • Tastemakers Initiative
      • Fisheries & Aquaculture
      • Maine Seafood Marketing Initiative
    • For Individuals
      • Homebuyer / Homeowner
      • Financial Wellness
      • Resident Owned Communities
  • Apply for Financing
    • For Businesses
      • Make a Loan Payment
      • Wicked Fast Loans
      • Business Loans
      • Sea Farm Loans
      • Venture Capital
      • Maine Grant Programs
    • FOR PROJECTS
      • Community Facility Financing
      • New Markets Tax Credits
      • Opportunity Zone Investments
      • Solar Energy Project Financing
      • State Historic Tax Credits
  • COVID Relief Resources
    • Maine Grant Programs
      • Agricultural Infrastructure Investment Program (AIIP)
      • SBA & Federal Relief Resources
  • Meet Our Subsidiaries
    • Bright Community Capital
    • CEI-Boulos Capital Management
    • CEI Capital Management
    • CEI Ventures
  • About
  • News & Events
  • Donate
  • Contact
  • Search
Close
loading...

Bangor Pet Resort & Spa

From Employee to Owner

Bangor Pet Resort and Spa is well known in the Bangor area for providing exceptional care to man’s (and woman’s) best friends. Their services include an interactive pet daycare, comfortable overnight boarding and luxurious spa and grooming services. Their clean and comfortable facility features spacious play areas for group play time as well as private rooms with windows for dogs that want to be by themselves. Overnight guests receive their very own pet suites or condos, with all the comforts of home and more. Certified groomers are also available to brush, trim and pamper your pet.

When the owner was looking to retire, he did not have to look far to find a suitable candidate to carry on the business. Sarah Smith, an employee for almost seven years, was a natural choice. During her time at Bangor Pet Resort & Spa, Smith had fallen in love with working with animals and had been promoted to manager. She saw an opportunity to own her first business and settle into a role she knew she would love, but was unsure where to begin. She had started discussions with the current owner, but needed non-biased help.

Smith turned to the Maine SBDC for assistance with this overwhelming goal. Working with Business Advisors Shannon Byers and Ann McAlhany, Smith sought advice on how to evaluate the business and negotiate a price; what steps would be needed to complete the process of purchasing the business; and how to transition to being an owner. They worked through her business plan and her financials in order to secure financing to purchase the business.

After nine months of hard work, Smith is now the proud owner and operator of Bangor Pet Resort & Spa and has had a successful transition.

Sarah Smith

Shared with permission from the Maine SBDC.

More Stories

CEI Stories

  • Carolina’s Specialty Shop
    Bringing an immigrant's perspective to supporting locally-made goods.
  • OurShelves
    Celebrating Diverse Individuals and Families in Children's Books
  • American Unagi
    Netting the American Eel Industry for Greater Traceability and Transparency
  • Zero Energy North Avenue Affordable Housing Baltimore
    An Investment Helps Catalyze a Community Renaissance
  • Wood & Sons
    Scaling up good jobs with capital, coaching and collaboration over time
  • A group of Somali immigrant women and their families celebrate behind a table with the CEI logo
    CEI’s Child Care Business Lab
    Creating Community-Centered Child Care
More Stories

We are creating an economy that works for all.

About Us

Join Us!

  • This field is for validation purposes and should be left unchanged.

  • Coastal Enterprises on Instagram
  • Coastal Enterprises on Linkedin
  • Coastal Enterprises on Facebook
  • Coastal Enterprises on Twitter
  • Coastal Enterprises on Youtube

COASTAL ENTERPRISES, INC.
30 Federal Street, Suite 100
Brunswick, ME 04011
207-504-5900

Find Your Local Office

  • Advice
    • For Business
    • For Sustainable Food Systems
    • For Homeowners
    • Apply for Financing
    • Make a Loan Payment
  • CEI Subsidiaries
    • Bright Community Capital
    • CEI-Boulos Capital Management
    • CEI Capital Management
    • CEI Ventures
  • Investing in CEI
    • Donate
    • Investment Capital
    • Venture Capital
    • Solar Investments
  • About
    • Our Team
    • Our History
    • Careers at CEI
    • Publications and Reports
    • Public Policy Initiatives

© 2022 Coastal Enterprises, Inc. All Rights Reserved.
Coastal Enterprises, Inc. is an equal opportunity lender, provider, and employer.

  • Terms of Use
  • Privacy Policy