Title

The stock market downturn that sent some unemployed business people out looking

Authors

Sean Donahue

Source

Mainebiz

Date

11-10-2003

Pages

1, 16-19

Abstract

The stock market downturn that sent some unemployed business people out looking for their own businesses and others seeking alternative investments have translated into an increased demand for solid Maine businesses. This article uses the examples of several buyers and sellers of Maine businesses to come up with guidelines for buying and selling a business, and for knowing when to buy or sell. Those mentioned include: Rye, New York, resident Jim Steffensen, who bought Black Stove Inc. from Ray and Candace Manoccio; Drew Gilman, who returned to Maine and bought NEPW Logistics in Mechanic Falls; and Mike Cote, an Auburn native who returned to Maine and bought Look's Gourmet Food Co. in Whiting.

Subjects

Entrepreneurs, Business firms

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