Jackson's Corner Business Opportunity

BUSINESS OVERVIEW

BEND’S CULINARY GEM AND AWARD-WINNING RESTAURANT

Jackson’s Corner in Bend, Oregon, is a beloved and thriving business that has become a cornerstone of the local community. Established in 2008, this family-owned restaurant and market has earned a stellar reputation for its commitment to high-quality, locally sourced food and exceptional customer service.

At Jackson’s Corner, the focus is on sustainability and community support. They prioritize using ingredients from Central Oregon farms and ranches, ensuring freshness and supporting local agriculture. The menu boasts a diverse range of offerings, from gourmet pizzas and handmade pasta to hearty sandwiches and farm-to-table salads, catering to a wide array of tastes and dietary preferences.

The bakery at Jackson’s Corner is a lucrative income source, offering wholesale options for other establishments while providing fresh bread and pastries for the restaurant, diversifying its revenue streams.

Notably, Jackson’s Corner has consistently won Best Family Dining and Best Lunch in Bend via the Source magazine, reaffirming its status as a culinary leader year after year. The welcoming atmosphere, cozy ambiance, and friendly staff make it a go-to spot for both locals and tourists alike.

BUSINESS OFFERING

Includes the free and clear transfer of the following:

• Trade name

• Furniture and equipment

• Facility lease

• Goodwill & future potential

• Contracts in place

• Signs & promotional materials

• Covenant not to compete

• Customer relationships

• Website address

• Phone and fax numbers

• Training

• Business methodology & process

• Educated and experienced staff

• Vendor relationships

• Supplies and consumables

• Inventory valued at seller cost

• Recipes and past menu’s

• Supplier relationships

Opportunity Details

Business Name Jackson’s Corner

Type of Business Restaurant

Business Website www.jacksonscornerbend.com

Business Address 845 NW Delaware Ave., Bend, OR 97703

Type of Ownership S-Corp

Year Established 2008

Current Owner Term 2008

Owner Participation 50 hours per week

Reason for Sale Other ventures

BUSINESS SUMMARY

Employees 30 full-time employees, 20 part-time employees.

Employee Wages Hourly: $15-$35 | Yearly Salary Ranges: $45,000-$70,000

Hours of Operation Sunday-Saturday: 7:00am – 9:00pm

Facilities Leasing Suites 102, 103, and 104 totaling approximately 4,169 SF

Confidentiality Public Listing. Contact listing brokers for a showing.

Showing Instructions

Broker must be present at all showings. Please do not approach the business, its employees or vendors without an appointment. All meetings and Seller communication to be arranged by listing brokers.

Terms Cash/Financing

Re-locatable No

Encumbrances PPE Loan (TBD)

2022 Annual Sales 2020: $3,856,170.91 | 2021: $3,180,078.06 | 2022: $3,493,664.89

Furniture, Fixtures & Equipment $644,000 (Included in sale price. See equpiment list on following page.)

Total Sale Price $1,200,000

Business Operations TRAINING

Owner willing to train new ownership for 2 hours per day for 60 days following closing.

RESTAURANT FACILITY

A new lease has been recently executed, with an effective start date of February 1, 2024, and it is set to expire on January 31st, 2034. The base rent for this lease is $12,090.10 per month, calculated at a rate of $2.90 per square foot monthly, and it includes NNN (Triple Net Lease) terms. Notably, the base rent will see an annual escalation of 3%.

The permitted use for the leased premises encompasses food service, restaurant operations, and grocery stores. Should you require further details or wish to review the complete lease document, it is available for your reference during the due diligence phase.

OFFICE SPACE

The current owners of Jackson’s Corner lease an apartment above the restaurant building, which serves as their office space. The landlord would prefer the buyer to continue leasing this 800-square-foot, one-bedroom, one-bath apartment, available on a month-to-month basis at $1,100 per month.

EQUIPMENT LIST

DINING

Premier West Side Location

Jackson’s Corner enjoys a prime location at the heart of Bend, Oregon, making it a coveted destination for locals and tourists alike. Nestled close to Downtown Bend, the restaurant offers convenient access to the city’s lively center, with its eclectic mix of shops, art galleries, and cultural attractions. Its strategic placement ensures that Jackson’s Corner is a go-to dining spot for those exploring downtown’s bustling ambiance.

The restaurant also benefits from its proximity to the Old Mill District, a thriving entertainment and shopping hub. Here, visitors can partake in a range of activities, from shopping at premium outlets to enjoying events at the Hayden Homes Amphitheater. Additionally, Jackson’s Corner is ideally situated near the Box Factory, Market of Choice and the picturesque Deschutes River with its scenic river trails.

In this prime west side location, Jackson’s Corner seamlessly combines culinary excellence with access to Bend’s cultural, recreational, and natural treasures, ensuring it remains a beloved establishment amidst the city’s vibrant offerings.

Product & Market Analysis

Jackson’s Corner operates in Bend, Oregon, a city known for its vibrant food scene and a strong emphasis on locally sourced, sustainable cuisine. The market analysis for Jackson’s Corner reflects its unique position within this competitive landscape.

LOCAL MARKET DOMINANCE

Jackson’s Corner has established itself as a dominant player in the local dining scene. With a reputation for high-quality, locally sourced ingredients, it attracts a loyal customer base. The restaurant’s consistent wins of Best Family Dining, Best Lunch and Best Kids Menu in the Source Weekly’s “Best of Central Oregon” poll underlines Jackson’s popularity and competitive edge.

DEMAND FOR SUSTAINABLE DINING

Bend residents and visitors increasingly value sustainable and farm-to-table dining experiences. Jackson’s Corner aligns perfectly with this trend by prioritizing ingredients from Central Oregon farms and ranches. This commitment resonates with eco-conscious consumers, further solidifying its market presence.

BAKERY AND RESTAURANT EXCELLENCE

The restaurant serves breakfast, lunch, and dinner, offering a wide variety of fresh baked goods, handmade pizzas and pastas, craft cocktails, and more. Additionally, it’s a fully functional bakery with the capacity to sell wholesale to other locations, further enhancing its reputation for artisanal bread and pastries, which are also featured on the restaurant’s menu.

COMMUNITY INVOLVEMENT

Jackson’s Corner is more than just a restaurant; it’s a community hub. Its welcoming atmosphere and community-oriented approach foster a strong sense of loyalty among patrons. This local engagement is a significant asset, enhancing its market position.

FULL CATERING SERVICES

In addition to its restaurant offerings, Jackson’s Corner’s full catering services for events further expand its market reach. This additional revenue stream allows the business to tap into the growing demand for catering in Bend, making it a versatile player in the local culinary scene.

LEASE STABILITY

The recently signed lease, commencing in 2024 and extending until 2034, provides stability and long-term planning opportunities. The predictable annual rent escalation of 3% allows for financial planning and growth strategies.

Jackson’s Corner Menus

Steak Sando Grass Valley Beef bavette steak*, chimichurri mayo, griddled onions, mozzarella, arugula, Jackson’s Bakery slab bread 20 Served with a choice of chips or a side salad

Sub gluten free bread for $1

Jackson’s Blue Boundless Farmstead little gems, PNW apples, candied walnuts, Rogue Creamery blue cheese, 13 / 17 blue cheese vinaigrette

Add PNW Chicken $8 | Add Grass Valley Beef Steak $12

Mixed Greens Boundless Farmstead greens, shaved veggies, garden herbs, white balsamic vinaigrette, parmigiano, 12 / 16 Jacobsen’s salt

Add PNW $8 | Add Grass Valley Beef Steak $12

Our menu dirChickenectly reflects the effort & love of farmers and ranchers within our community who focus on responsibly grown and humanely raised nourishment We choose to provide you with the highest quality local ingredients that change with the seasondishes made with light hearts and big love - not only because it tastes better, but because we believe a sustainable food system can exist Thank you for actively & intentionally choosing to support our local community ! See highlighted businesses in red

* Consuming raw or undercooked meats poultry seafood shellfish or eggs may increase your risk of food borne illness

Our menu directly reflects the effort & love of farmers and ranchers within our community who focus on responsibly grown and humanely raised nourishment We choose to provide you with the highest quality local ingredients that change with the seasondishes made with light hearts and big love - not only because it tastes better, but because we believe a sustainable food system can exist Thank you for actively & intentionally choosing to support our local community! See hig hlighted businesses in red

PHOTOS

REGIONAL PROFILE

Bend, Oregon

With a population of 102,059, Bend is the sixth-largest city in Oregon and the largest city in Central Oregon, serving as its de facto commercial, recreation and social center. Situated on the eastern edge of the Cascade Range along the Deschutes River, Bend joins forested mountain highlands and high desert plateaus, offering a diverse range of scenery and outdoor activities while offering relatively convenient access to major West Coast Metropolitan Areas.

Lifestyle Destination

Bend has a deserved reputation for attracting lifestyle migrants – urban dwellers seeking amenities typically associated with larger metropolitan areas but also outdoor recreational pursuits, a beautiful setting and an accessible community feeling. As such, the city attracts families and entrepreneurs from all the West Coast metro areas as well as other major population centers. The city has been adopted as a gateway for many outdoor sports, including mountain biking, skiing and snowboarding, dog sled racing, fishing, hiking, rock climbing, white-water rafting and golf. Bend also offers a thriving arts and culture scene, and the city’s beer brewing industry and restaurants are a draw for tourists and locals alike.

Skiing at Mt. Bachelor

Downtown Bend

BEST PERFORMING SMALL CITY IN THE U.S.

Why Bend?

FASTEST-GROWING CITY IN THE U.S. #4

Economically, Bend started as a logging town in 1904, but began a transition to a more varied, sustainable economy in the 1980’s when it became apparent that the lumber mills would no longer be vital. However, those mills which were such a vital part of Bend history have been renovated and turned into Bend’s most popular shopping and dining desitinations, the Old Mill District and the Box Factory. Unlike resort communities such as Aspen or Jackson Hole, Bend’s lifestyle and quality workforce is a draw for many successful companies in the aviation, manufacturing, renewable energy, high-tech, healthcare and recreation equipment sectors. Many of Bend’s companies are owner-operated and in the small to midsize range, typically with 10 to 50 employees. Some of the area’s top employers include St. Charles Health System, Les Schwab, Mt. Bachelor, Medline ReNewal, G5 Search Marketing, Laird Superfood, Deschutes Brewery, BASX, and Lonza (formerly Bend Research). These companies provide solid employment and bring in vital traded-sector dollars to Bend’s economy.

A driving force for our economic performance is a collaborative and inclusive entrepreneurial community. This is supported via the number of new business registrations, which has outpaced far larger cities. In 2022, AdvisorSmith ranked Bend fifth for Top Midsize Cities where Americans Start the Most Businesses at 3.79 businesses started per 1,000 residents (SOURCE: 2022 EDCO Central Oregon Profile).

12% Projected by 2029 IN-MIGRATION

7,000 New Residents Per Year

TOURISM

4.5M

People Visit Bend Each Year

HIGHEST 5-YEAR JOB GROWTH IN THE U.S. #5

Central Oregon

With a regional population of 244,560, Central Oregon has led Oregon’s population growth over the last two decades and continues to be one of the fastest growing areas of the country. For ten consecutive years, Central Oregon has led the state in job growth, creating a region that is characterized by dynamic small businesses and entrepreneurial activity. The area boasts strong clusters in high technology (software, hardware and energy), advanced manufacturing, biosciences, renewable energy, brewing and distilling, value-added food products and recreation equipment.

For most residents, Central Oregon is a lifestyle choice offering a friendly environment, year-round recreation options and world-class amenities. The region is served by the Redmond Municipal Airport.

ECONOMY

Central Oregon has a reputation for welcoming new and relocating businesses without sacrificing workforce, talent, quality healthcare, transportation or infrastructure. Central Oregon’s employment growth is the highest in the state with a projected 12% increase in jobs from 2019 to 2029. The Portland Tri-County area is a close second. The industries expected to grow the fastest over the next 10 years are largely tied to an increasing population, including health care and construction, each expected to expand by roughly 20 percent. (Source: State of Oregon Employment Department; Damon Runberg, Economist)

Given its size, Central Oregon boasts a high number of community resources and assets available to new and growing businesses, including the largest angel conference in the West, the Bend Venture Conference. Additionally, Oregon’s overall business costs rank significantly lower than its neighbors to the north and south. Average electricity rates, natural gas rates, state and local sales tax rates and business tax climates in particular are significantly lower than other states in the Pacific Northwest.

Redmond Municipal Airport provides commercial air service with daily non-stop flights to Burbank, Denver, Los Angeles, Phoenix, Salt Lake City, San Diego, San Francisco, Santa Rosa, and Seattle via carriers American Airlines, Alaska Air, Avelo Airlines, Delta Airlines, and United Airlines. The airport is undergoing a $5.2 million expansion to meet the rising demand for transit in and out of the region.

30 GOLF COURSES

THRIVING ARTS & CULTURE

LIFESTYLE

Central Oregon offers a rare mix of city amenities and restful isolation, including the slower speed of a small town with a medical community and infrastructure not normally seen in a region of its size. Additionally, Central Oregon residents maintain a work/life balance that is difficult to achieve elsewhere.

EDUCATION

Central Oregon is well-recognized for its high level of education, with some of the best K-12 public schools in the nation. Additionally, the region’s higher education opportunities abound. From the new Oregon State UniversityCascades to Central Oregon Community College’s four campuses in the region, there are opportunities for all to obtain a quality education.

TOURISM

The City of Bend stands at the foot of Mt. Bachelor and the scenic Cascade Mountain Range. Dubbed the “outdoor playground of the West,”over three million tourists visit Central Oregon annually. Visitors and locals alike enjoy activities such as snow and water skiing, snowboarding, golfing, hiking, cycling, spelunking, camping, fishing and backpacking. Just 26 miles north of Bend, Smith Rock State Park, one of Oregon’s 7 Wonders, is world-renowned for its rock climbing. Or if you’re a beer lover, you can work your way through the largest beer trail in the West, the Bend Ale Trail.

300 DAYS OF SUNSHINE

31 BREWERIES & COUNTING

MILES OF TRAILS

Demographics

Demographic Map

1-, 3- & 5-MILE RADIUS

DISCLAIMER

DISCLAIMER: This marketing package has been prepared by Compass Commercial Real Estate Services (Compass Commercial) in full cooperation with the Seller of the Business and Property solely for the purposes of providing preliminary information to prospective purchasers. It is not intended as the sole source of property and operational data and should not be relied on in place of appropriate due diligence activities. Neither Compass Commercial, nor its agents can guarantee accuracy and no liability is assumed for financial, operational, physical, or other information provided herein including, but not limited to, errors and omissions, transmittal of inaccuracies, prior sale, price adjustments, or removal from marketplace without notice. Any indicated value of this investment is based upon assumptions, projections and estimates, which are variable by nature and subject to changing economic conditions. The value of this investment to you will also depend on tax and other factors, which should be evaluated by your tax and legal experts or advisors. It is your responsibility to independently confirm information received about the property to your satisfaction and you are urged to seek advice from your own attorney, CPA, design consultant, franchise representative, and/or other qualified professionals in your investigation of this opportunity.

DISCLOSURE: Compass Commercial reserves the right to accept referral fees, finder’s fees and supplementary payments from lenders, real estate brokers, appraisers and other professional services to which we refer clients. We suggest that when you contact a professional service referred to by Compass Commercial, you ask if this referral fee will affect the final cost that you will pay.

EXCLUSIVE: The property represented herein is exclusively listed for sale by Compass Commercial Real Estate Services. All negotiations for the purchase shall be conducted through Compass Commercial Real Estate Services.

CONDITION OF SALE

The business, Jackson’s Corner, is being offered for sale on an “as-is, where-is” basis.

Detailed due diligence information can be requested from the listing team. In order to view confidential information, all parties will be required to execute a Confidentiality Agreement.

All property tours must be scheduled in advance through the Compass Commercial listing team.

OFFERING TERMS

Please submit offers via email to the listing team. Interested parties must submit a written Letter of Intent (“LOI”) or a Purchase & Sales Agreement (“PSA”) outlining the terms and conditions under which they propose to purchase the Property. Such terms must include the following:

• Purchase price

• Company background and financial capability

• Source of capital (Equity/Debt)

• Amount and form of earnest money deposit(s)

• Required contingency periods (inspection, financing, etc.), including any extension(s)

• Closing timeline