Bison Food Store
When the previous owners of Bison Food Store (originally called “Jack & Jill”) decided they were ready to retire, the community of Bison, SD faced the grim prospect of losing the only grocery store within 50 miles. As they began their search for new management or a buyer, town leaders reached out to the Governor’s Office of Economic Development’s Lori Frederick. She connected Bison Area Economic Development with staff at the West River Business Service Center to get an analysis of the store’s financials.
A local buyer, Chad Barnes, stepped forward to purchase Bison Food Store. The West River Revolving Loan Fund assisted with financing the purchase. Also, Chad used the West River Business Service Center’s expertise to better understand the financials and receive advice on his business plan.