03 May Silver Bay General Store Business Transition Celebration & Ribbon Cutting To Be Held
The Silver Bay General Store in coordination with the Ticonderoga Area Chamber of Commerce (TACC), the Center For Businesses In Transition (CBIT), and the Adirondack North Country Association will host a Business Transition Celebration and Ribbon Cutting on Thursday, May 26th at 5:00 PM. The Silver Bay General Store is located at 8417 Lakeshore Drive in Silver Bay, NY.
This event will kick off Memorial Day Weekend in the Ticonderoga Area, officially welcome the new owners; Paul & Joanne Budd, as well as highlight the expansion of this anchor business. As part of this event the Silver Bay General Store will be providing an array of refreshments showcasing their products and specifically from local and regional vendors. Local and state representatives as well as other organizations will also be taking part in this event.
Despite the challenges many small businesses are currently experiencing, they are not only surviving but growing, including under new ownership like the Silver Bay General Store. The Silver Bay General Store has been serving residents and visitors of the lakeside hamlet of Silver Bay since 1927. Under Budd’s leadership the store has really expanded their products and services available, made significant upgrades, and plans to continue to diversify their offerings.
“We’re hoping to continue to revitalize the General Store to better serve the varied needs of both year-round residents and seasonal visitors,” Budd said. “We don’t want the store to simply carry basic staples and sundries as we are not just another convenience store. We’d like to offer a wider variety of locally made and sourced items and make the store a destination rather than an afterthought. By purchasing from local suppliers, artisans and businesses and providing quality food and services, we’ll support the surrounding community and provide a more unique Adirondack-style experience. We hope to see many community members and visitors on May 26th for our official Business Transition Celebration and Ribbon Cutting. We look forward to seeing familiar faces and meeting many new people.”
Paul Budd, new owner of Silver Bay General Store, originally connected with Matthew Courtright, President & CEO of the Ticonderoga Area Chamber of Commerce (TACC), at CBIT’s Small Communities. Big Opportunities. virtual conference in February 2021 that was coordinated by the Adirondack North Country Association. It was then that he and his wife Joanne began actively pursuing their interest in purchasing the general store. With further guidance and assistance from area professionals and resources, as well as the TACC and SUNY Canton Small Business Development Center (SBDC), both CBIT partner organizations, they completed the purchase in October 2021.
“The conference gave me a lot of useful information about next steps and connected Joanne and me with the services and resources we needed to make this transition happen,” said Budd. “I’m grateful for Matthew’s support through the past year and assistance from the SBDC and other local professionals. Their knowledge and guidance made the process of purchasing a lot more manageable.”
“You will not want to miss this celebration. Join us as we officially welcome the Budd Family to the Ticonderoga Area Business Community and showcase their efforts and plan to expand the Silver Bay General Store. We are honored to be working closely with Paul and his team at the Silver Bay General Store. We are truly thankful for his commitment to the store and the region. Paul is an amazing addition to the Ticonderoga Area Business Community and we look forward to many positive and productive years ahead. It is important for businesses to plan and prepare for ownership transitions well in advance and utilize the resources CBIT, the Chamber, SBDC and others have to offer, just like Paul did. Together, we are a well-connected and knowledgeable team that can provide the assistance transitioning business owners need to succeed,” said Courtright.
He added, “The Budds are passionate about the region, the community, the store’s history, and the future of the store as an anchor business for Hague and Silver Bay. We’re glad to see them take the helm, and we’re eager to help more local businesses transition to the next generation of owners.”
The Silver Bay General Store offers an array of high-quality groceries, sundries, coffee, breakfast sandwiches, deli items, subs and sandwiches made to order, snacks, beer, ice cream, fresh local foods, baked goods, local crafts, and much more. To learn more, follow the Silver Bay General Store on Facebook and Instagram.
The Silver Bay General Store can be contacted at 518-543-6441.
For more information on the Business Transition Celebration and Ribbon Cutting Celebration, contact the Ticonderoga Area Chamber of Commerce at 518-585-6619 or visit www.ticonderogany.com.