CRDC Assists Manchester Business with Expansion


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Over the last decade, Manchester Music Mill owner Joe Lacerda has continued to expand his full service retail music store. In 2013, CRDC helped Joe finance the purchase of a 20,000 square foot

Over the last decade, Manchester Music Mill owner Joe Lacerda has continued to expand his full service retail music store. In 2013, CRDC helped Joe finance the purchase of a 20,000 square foot building he was leasing from the owners of Van Otis Chocolates on Elm Street in Manchester. Joe created an amazing layout for the Manchester Music 

Mill turning 11,000 sq. ft. into a retail store as well as including 12 sound proof rooms designed for lessons, plus space for The Music Techs, an instrument repair shop owned and operated by his wife, Dawn. The remaining 9,000 feet of space continues to be occupied by the Van Otis store, a lease now managed by Joe.

Fast forward five years, and Joe is expanding yet again with the purchase of another building, this one located directly behind the current Manchester Music Mill location.

"We needed more physical space to warehouse our growing inventory, an outlet for aging inventory as well as space that will allow us also to meet the needs of our expanding sales in sound systems," said Joe Lacerda. "Our regional customers will be able to come in and test out the sound system products before purchasing them. We will have this space set up for bands or owners of recording studios, and any other venues looking to purchase sound systems."

"The new building gives Joe another 20,000 sq. ft. to expand," said Jennifer Boulanger, CRDC Loan Officer. "It's evident Joe and the Manchester Music Mill name have a great reputation. The company continues to grow and this expansion will help Joe manage inventory through a retail outlet. Together, CRDC and Camden National Bank teamed up to provide a financing package that included SBA 504 financing for the purchase and renovation of the building."

"We had a great experience with CRDC during the purchase of our first building that we knew CRDC and Jennifer Boulanger had to be part of this purchase as well," added Joe. "CRDC and Camden National Bank worked together to secure the financing that worked for us and we are pleased with the support and guidance they both provided."

Visit Manchester Music Mill's store by visiting www.manchestermusicmill.com or visit The Music Techs online at www.themusictechs.com.

Dave Peterson, SVP Commercial Loan Officer, Camden National Bank and Jennifer Boulanger, CRDC Loan Officer with Manchester Music Mill Owners, Dawn and Joe Lacerda

 



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