MEAT PROCESSING AND DISTRIBUTION SW METRO AREA
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BUSINESS PROFILE
This specialty meat processing business has been in operation for over 40 years serving upscale restaurants, hotels and other eateries in Portland and the surrounding communities. This is not a butcher shop. The Seller cuts to order for the client; however, he does operate a small retail store front selling meats, spices and sauces. The business accommodates approximately 30 to 40 regular distribution clients not counting retail customers. The Seller has owned this business for 10 years and is ready to move in an other direction business wise.....and is willing to assist in a smooth transfer of ownership.
RECASTED SUMMARY INCOME STATEMENT
2010 Annualized 2010-11 20099-10 2008-9 2007-08 Sales $944,485 $708,364 $681,279 $619,877 $640,590 Cost of Sales $723,669 $542,752 $557,711 $462,714 $545,489 Gross Profit $220,816 $165,612 $123,568 $157,163 $95,101 Expenses $156,316 $117,237 $133,488 $159,398 $116,379 Net Operating Income $64,500 $48,375 ($9,920) ($2,235) ($21,278) Depreciation / Amortization $0 $0 $2,314 $3,223 $5,658 Interest Expense $0 $0 $22 $0 $1,141 Officers Salary $18,667 $14,000 $23,100 $28,500 $27,600 Sellers Discretionary Income $5,653 $4,240 $6,341 $6,735 $7,736 TOTAL CASH FLOW (Seller's Discretionary Earnings) $88,820 $66,615 $21,857 $36,223 $20,857
PRICE & TERMS Purchase Price: 145,000 Down Payment: 65,000 Inventory: 25,000 Equipment: 50,000	LEASE Base Rent (Includes CAM) 2150 Expires: 11/10/2010 Option(s): 5 - 5yr options Square Feet: 1,800
OPERATIONS
Number of Employees: Full Time Part Time Owners 1    Non Owners 2  2	Licenses Required: City Biz. Health. Food Handlers
Hours of Operation Monday 8 - 5  Tuesday 8 - 5  Wednesday 8 - 5  Thursday 8 - 5  Friday 8 - 5  Saturday   Sunday
MISCELLANEOUS
Reason for Sale: Changing business direction Year Established: 40 yrs....Presen Type of Organization: S-Corp Training: 3 weeks

Disclaimer: The information herein is compiled from information provided by the Seller(s). NorWest Business Sales makes no representations as to its accuracy or reliability. Prospective Buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.

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