MEAT PROCESSING AND DISTRIBUTION
SW METRO AREA
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BUSINESS PROFILE |
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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.
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RECASTED SUMMARY INCOME STATEMENT |
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| | 2010 Annualized | 2010 | 2009 P & L | 2008 Tax Ret. | 2007 Tax Ret. | | | Sales | $0 | $0 | $619,919 | $640,590 | $702,857 | | Cost of Sales | $0 | $0 | $462,714 | $545,489 | $598,070 | | Gross Profit | $0 | $0 | $157,205 | $95,101 | $104,787 | | Expenses | $0 | $0 | $159,398 | $112,516 | $116,379 | | Net Operating Income | $0 | $0 | ($2,193) | ($17,415) | ($11,592) | | Depreciation / Amortization | $0 | $0 | $3,223 | $5,921 | $5,658 | | Interest Expense | $0 | $0 | $0 | $1,141 | $5,333 | | Officers Salary | $0 | $0 | $28,500 | $27,600 | $20,400 | | Sellers Discretionary Income | $0 | $0 | $3,135 | $3,036 | $2,244 | | TOTAL CASH FLOW
(Seller's Discretionary Earnings) | $0 | $0 | $32,665 | $20,283 | $22,043 |
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PRICE & TERMS |
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| Purchase Price: | 135,000 |
| Down Payment: | 65,000 |
| Inventory: | 25,000 |
| Equipment: | 50,000 |
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LEASE |
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| Base Rent (Includes CAM) | 2150 |
| Expires: | 11/10/2010 |
| Option(s): | 5 - 5yr options |
| Square Feet: | 1,800 |
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OPERATIONS |
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| Number of Employees: | | Full Time | Part Time |
| Owners | | 1 | |
| Non Owners | | 2 | 2 |
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| Licenses Required: | City Biz. Health. Food Handlers |
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| Hours of Operation | Monday
8 - 5 |
Tuesday
8 - 5 |
Wednesday
8 - 5 |
Thursday
8 - 5 |
Friday
8 - 5 |
Saturday
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Sunday
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MISCELLANEOUS |
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| Reason for Sale: | Changing business direction |
| Year Established: | 40 yrs....Presen |
| Type of Organization: | S-Corp |
| Training: | 3 weeks |
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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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