Asking Price: $750,000 Gross Revenue: $2,000,000Cash Flow: $335,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $118,000 included in asking priceReal Estate: $450,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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.
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
Number of Employees:
Building Sq. Ft.:
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.
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.