No name yet | Application Preview
The grant application outlines a proposal for a new restaurant and bar aimed at serving both local residents and vacationers, particularly those visiting for skiing at Saddleback Mountain or enjoying the summer fishing and ATV activities in Rangeley. The funding will be used to purchase property, renovate the space, and upgrade its kitchen. Additionally, the plan includes leasing a small storefront to another local business and renovating a vacant three-bedroom apartment above the restaurant for vacation rentals.
The applicant, a retired Air Force officer with a strong leadership background, presents a well-rounded management team, including a managing director with over 20 years of restaurant and bar experience. The application distinguishes itself by addressing the gap in the local market for establishments that offer live music and a vibrant after-ski atmosphere, positioning itself against existing competitors like Furbish Brew House and Sarge's Pub and Grill, which are unable to meet the growing demand from both tourists and residents. The focus is on providing quality menu options at competitive prices while enhancing the local dining scene.
-
General Information
Business Registration Number: none yet
Location: Stratham, NH, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
-
Funding Usage
This will be used for the initial purchase of the property, renovations and kitchen upgrade.
-
Business Plan
Initially we will create a restaurant and bar to serve the local town but our target audience will be for the vacation renters and after ski crowd from the local ski mountain 'Saddelback'. In the summer Rangeley is a very popular vacation spot for fisherman and ATV community. I would like to also rent out a small storefront space for another local business. This building currently has a 3 bedroom apartment above it and has never been utilized as rental property. I would like to renovate the apartment and rent to people on vacation. I'm a driven retired Air Force Officer who has a successful track record as the Director of Operations for the 133 Air Refueling Wing where I managed 12 KC-46 aircraft worth over $4.8B. I currently have a team in place to execute this new business venture with a managing director who has over 20 years experience managing successful restaurants and bars.
-
Self Identified Competition
Furbish Brew House, Sarge's Pub and Grill, Portage Tap House With the growth of the local town and the ski mountain being recently reopened, the current restaurants in town cannot keep up with the demand. Our focus will be to offer a great menu with competitive prices and live music. Currently there are no restaurants in town that offer live music and a after ski atmophere.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
