Tate & Tate Catering

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Asking Price:
$750,000

Gross Revenue:
$2,000,000
Cash Flow:
$335,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$118,000
included in asking price

Real Estate:
$450,000
included in asking price

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Business Description

Tate and Tate Catering has been in business for over 18 years and is consistently the top choice for corporate events, special occasions, and catered weddings throughout Central Oregon. Turn-key operation in a Central location in Redmond allows convenient service throughout the region. Includes the business, building, equipment and full staff.

Notable Features
Superior reputation and name recognition Statewide and throughout Central Oregon
Three distinct revenue lines: Off premise catering, grab & go retail and pre packaged meat sales
New tile flooring throughout the production area
two walk in coolers, freezer, nine ovens and 20 open burners for production
Two fully equipped retail grab & go locations include table seating for dine in
Unique opportunity for growth in all three revenue lines
Off street parking at both retail locations

There are currently 24 full time employees and 20+ additional seasonal employees. About 60% of the business is "hot drops," 30% staffed and additional retail sales from the retail shops in Bend and Redmond.

Owners retirement makes this rare opportunity available at a fair price. Financials available with signed NDA

About the Business

Year Established:
2000
Number of Employees:
24
Real Estate:
Owned
Building Sq. Ft.:
2,400
Facilities:
2400sf purpose built facility includes a production bakery, full cooking lines with two hood systems, two walk in coolers and a walk in retail area. Sale includes $100K equipment and small wares.
Market Outlook/
Competition:
The business is consistently the top catering company throughout Central Oregon. Their reputation is for cost competitive, creative menus and outstanding service. They feature two fully equipped retail grab and go locations for walk in business as well as table seating. They specialize in corporate functions, fundraising events, weddings and take out.
Growth & Expansion:
Central Oregon is one of the fastest growing economies in the US. Growth in Deschutes County is not only outpacing most other Oregon cities, it is seeing some of the biggest gains in the nation. Local GDP grew by more than eight percent in 2017 and is tied for the fastest growth of all metro areas in the US. At the same time, the catering industry has seen five years of continual growth due largely from growing corporate profit and higher consumer spending which influences the likelihood of companies and individuals hosting events that use catering. As a result the catering industry will see $12 billion in revenues in 2018. This business is well positioned to take advantage of local and national industry growth.
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About the Sale

Reason For Selling:
Owners are retiring
Training/Support:
Sellers will assist in transition to new owners

Listing Info

ID:
1532638
Ad Detail Views:
287

Attached Files Attachment Disclaimer

  Catering business overview (6 MB)
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Business Listed by

Bruce Barrett

Windermere Commercial
License# 860600301

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U.S. Census Data for Deschutes County, OR
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Deschutes County, OR
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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