Media Archive

Family-owned Bailey Lumber nearing fifty years in Milo

Article from The Piscataquis Observer, Vol. 165, No. 3, January 15, 2003

By Jessica Lee
Staff Writer

Observer Photo/Jessica Lee
BAILEY LUMBER - The Bailey Lumber team consists of, from left, Danny Lee, Torrey Ellis, owner Terry Bailey, Eric Bailey and Tom Haley. The family-owned and operated Milo business specializes in all things construction.

MILO Business must run in the blood of the Bailey family.

For almost half a century, the family-owned and operated Bailey Lumber on High Street has been a vital part of the Milo business community, providing lumber and all things construction to local residents and area contractors.

The business opened in 1956, as a result of the efforts of a team of brothers, Charles and Elwin Bailey. After a few years, Charles Bailey became the sole owner. His son, Terry Bailey, took over in January 1980.

"I, in turn, will semi-retire in October of 2003," Terry Bailey said.

Then, the business is going to be passed onto the third generation, his son, Eric Bailey.

According to Terry Bailey, the key to the family business' success has been competition. He said that the company thrives when studying the successes of other businesses.

"There are too many success stories," he said. "Burger King got successful because of McDonald's. Competition ... it makes you smarter."

He said that he always looks at competitors to see what they do right, and then he tries to improve on that success.

"Paying attention to detail is important to the small guy in the small town," he said.

Another key, Bailey said, has been hiring good workers. The company now has five full-time and three part-time employees.

To keep good people, he said, the company has had to offer good benefits, such as health insurance, retirement, and year-end bonuses. The expense is worth it, however, because retaining employees keeps training costs low and provides customers with knowledgeable service. While growth in such a small community has been limited. Bailey Lumber is meeting a need. Bailey said that the company is willing to go the extra mile for a customer, sometimes literally when a contractor forgets an item, for example, and needs it delivered.

Success has been primed by keeping prices as low as possible, said Bailey.

The store is open from 7 a.m. to 5 p.m. Monday through Friday, and 8 a.m. to 4 p.m. on Saturday and 8 a.m. to noon on Sunday.

NOTE - This article reflects the views of the author and not necessarily those of the TRC Alliance Team.