When Taylor Slevin first saw the listing come up for Sandpiper Jewelry, she knew it was the opportunity she had been looking for. She had experience working in the jewelry industry and had a high regard for the store. However, despite her years of experience working for other businesses, she had never purchased a business. She didn't know if it was feasible, what a fair price would be, but she did figure out where to begin, with West Company, the Mendocino Small Business Development Center.
"Right from the get go I developed a high regard for the professionalism and guidance of the West Company consultants. " said Slevin, who worked primarily with contract consultant Nancy Banker. "Nancy helped me to look at things I wouldn't have thought of on my own. She offered a neutral perspective, and peace of mind that I had covered all my bases," added Slevin.
Taylor also hired an attorney and an accountant to help her determine what level of risk she was taking on. Nancy helped her look through the books of the existing business and develop forecasts for the future. They were able to look at a "worst case scenario" and develop an offer that was fair for the previous owner, and feasible for Taylor.
Taylor was very fortunate, not only in the assistance of her management team, but also in the information she got from the previous owner. "She was very open and gave me a lot of information so that I was able to make a good decision," says Slevin. Between a combination of owner financing, and a personal bank loan Taylor was able to purchase the long-time Mendocino Jewelry store in October of 2010. After some time working in the store with the previous owner Taylor is now in full swing decking visitors and locals alike in fantastic jewelry.
Taylor spent a lot of time working on due diligence and working out a plan to purchase the business, and now she is seeing the pay off. "I am very fortunate for the help of the Mendocino SBDC. They helped me make my dream come true. This is what I am meant to be doing and it has been an amazing experience," concluded Slevin.
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download a Small Business Association article on Pacific Preserves.
Chandra Apperson, Attorney at Law, Ukiah
By Kathy Brigham
Chandra Apperson not only has deep roots in Mendocino County, she is also heir to family traditions of self-employment and community service. Her father owns and runs Apperson Energy Management and her mother is CFO at the Mendocino Youth Project.
After a decade away from the County pursuing an education and working as an EMT Chandra has returned and “hung out her shingle” as a licensed attorney at law, focusing on consumer bankruptcy assistance.
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Lemon Fresh Design in Mendocino County
By Kathy Brigham
Torrey Douglass designs websites under the name Lemon Fresh Design. And if your business is designing websites, your own website had better sparkle. That was a “no brainer” for Douglass, who studied digital design at S.F. State and worked in the fast-paced Bay Area dot.com world before moving to Anderson Valley...
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Rejuvenation In Willits
By Kathy Brigham
Mary Wilson has been working toward the creation of her own business for over 20 years. After earning her Cosmetology license in 1987, she worked in salons owned by others and built her clientele. Noticing the increased popularity of spa treatments -- and pampering in general -- she also became a licensed massage therapist in 1995. But it was not until 2005 that she took the plunge and opened Jixi Day Spa and Salon in Willits...
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Erica Fielder Studio
the evolution of an artist in commerce
Erica Fielder’s business story is the story of a life journey that would eventually combine her love of nature and her need to create fine art. By 1983 her two passions had come together when she began making interpretive panels for parks and preserves along California’s coast. The panels perfectly blended her interest in ecosystems, art and a desire to inspire people to take care of the natural world...
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County Business Carves A Niche With Seaweed
By Kathy Brigham
Larry Knowles is certainly not the first person to find a use for the bounty of sea vegetables to be found along the Mendocino coast. Native Americans have been harvesting seaweed for centuries and inland peoples once traded their most precious possessions for a bag of dried seaweed laboriously carried from the coast...
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The Inside Scoop on Nancy, the Ice Cream Lady
As she wiped the mint-chip off her son’s chin, Nancy surprised herself by asking her friend, “Wouldn’t it be great to own Cowlick’s?”
Nancy knew what it was like to run a food business; she and her husband Bill own two busy Subways, and she’d never considered having a third. So what was it about Cowlick’s that started her dreaming?...
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