If you cannot staff the mix in Oregon, the multiple is decoration.
A Oregon close date that ignores the new SNAP application is a close date that loses a week of mix. No SNAP-retailer headcount for Oregon appears here. The pack did not extract one. If someone quotes a “Oregon grocery multiple,” ask for the table. This pack does not invent one.
Reading Oregon as a buyer
Portland — east side / 82nd Avenue rewards operators who already know the language and the produce house. Asian and immigrant independent corridor. Portland suburbs / Beaverton rewards operators who already know the language and the produce house. Conventional plus Asian independents. Eugene–Springfield rewards operators who already know the language and the produce house. University and natural-food independents. Salem / Bend / Medford rewards operators who already know the language and the produce house. Secondary metros; Bend occupancy cost is the underwriting issue.
DOL’s July 1, 2026 consolidated table lists Oregon at $16.80 or $15.55 or $14.55 (DOL footnote: Portland metro $16.80; standard $15.55; nonurban counties $14.55). DOL table: Portland metro $16.80; standard $15.55; nonurban $14.55. Confirm BOLI posters and predictive-scheduling / sick-leave rules in Portland.
Formats you will see
Illustrative, not a quote. Illustrative, not a quote: recast SDE $208,931 at 1.62×–3.20× plus $187,086 inventory at cost frames about $525,554 to $855,665 for a Oregon independent.
| Owner | Agency | Close note |
|---|---|---|
| Retail food | Oregon Health Authority and county health departments | New operator, not a sticker |
| Alcohol | Oregon Liquor and Cannabis Commission | Approval, not a handshake |
| EBT | USDA FNS | New application |
| Inventory | Count crew | $187,086 illustrative cost |
How deals get paid
Oregon wage levels belong in the payment model. A note that worked in a federal-wage state can fail here.
Incoming-owner permits
- Model occupancy as a share of sales — no invented rent/sf
- Budget FNS downtime
- Drive the true corridor, not the city name
- Reject repeating “inventory adjustments” as add-backs
- Call Oregon Health Authority and county health departments about the retail food file
- Hold back unsellable on the count
- Tie Oregon weekly sales to scan and EBT deposits
Keep reading SBA 7(a), lease diligence, P&L review, DSCR. Sibling: sell in Oregon.
What to kick the tires on
Counsel still confirms the closing-date rate. The pack’s Oregon note reads: No state sales tax. Oregon does not levy a general retail sales tax on groceries.
Privilege file: Oregon Liquor and Cannabis Commission. Transfer note: OLCC must approve beer/wine license transfer; liquor-store appointments are a separate contract.. Quota / local-option: Liquor-store appointments are limited. OLCC..
Payroll underwriting in OR starts at $16.80 or $15.55 or $14.55 (DOL footnote: Portland metro $16.80; standard $15.55; nonurban counties $14.55) on the consolidated WHD table. DOL table: Portland metro $16.80; standard $15.55; nonurban $14.55. Confirm BOLI posters and predictive-scheduling / sick-leave rules in Portland.
Clearance practice: No sales tax; confirm DOR business-tax / transit-tax clearance on the entity or asset sale.
Retail food: Oregon Health Authority and county health departments. WIC: Oregon Health Authority — WIC. Tobacco: Oregon Department of Revenue / OLCC as applicable.
Independents still take trips Fred Meyer / QFC (Kroger) / Safeway / Albertsons (Albertsons Cos.) / WinCo Foods / New Seasons (regional) do not want. That is the Oregon pitch.
Wholesale names that show up: UNFI, URM Stores, C&S Wholesale Grocers. Over-advances and personal guarantees travel.
Drive Portland — east side / 82nd Avenue before you argue a multiple. Asian and immigrant independent corridor.
If the box sits in Portland suburbs / Beaverton, say so in the teaser. Conventional plus Asian independents.
If the box sits in Eugene–Springfield, say so in the teaser. University and natural-food independents.
Salem / Bend / Medford is not “statewide Oregon.” Secondary metros; Bend occupancy cost is the underwriting issue.
Broker-list note (not a HedgeStone license claim): BizBuySell’s licensing article includes Oregon among states that commonly require a real estate license for business brokerage. Lists published by BizBuySell, IBBA-style summaries, and trade blogs conflict at the edges — confirm with the state real estate commission before relying on this for a specific mandate. If the deal includes real estate (the building or an interest in real property), a real estate license is required in every state. This sentence is not a claim that HedgeStone or Jason Taken holds a license in this state. Source: https://www.bizbuysell.com/learning-center/article/business-broker-licenses-certifications/ (accessed 2026-09-03).
Incentive language stays qualitative: Federal HFFI and Portland food-access programs may apply; no dollar figure recorded.
Corridors
Do not treat a Fred Meyer / QFC (Kroger) circular as a Oregon comp. That banner is not in your CIM.
Do not treat a Safeway / Albertsons (Albertsons Cos.) circular as a Oregon comp. That banner is not in your CIM.
WinCo Foods sets milk-and-egg price perception in parts of Oregon. Your independent still has to win trips that banner does not want.
New Seasons (regional) sets milk-and-egg price perception in parts of Oregon. Your independent still has to win trips that banner does not want.
UNFI terms in Oregon belong in the recast. Drop minimums and personal guarantees travel with the buyer.
URM Stores terms in Oregon belong in the recast. Drop minimums and personal guarantees travel with the buyer.
Ask whether C&S Wholesale Grocers will keep the incoming operator. A Oregon close that ignores that book is a close that reopens.
Buyer note on Portland — east side / 82nd Avenue: Asian and immigrant independent corridor. Drive it before you write an LOI.
Buyer note on Portland suburbs / Beaverton: Conventional plus Asian independents. Drive it before you write an LOI.
Buyer note on Eugene–Springfield: University and natural-food independents. Drive it before you write an LOI.
Buyer note on Salem / Bend / Medford: Secondary metros; Bend occupancy cost is the underwriting issue. Drive it before you write an LOI.
Incentives stay qualitative in Oregon: Federal HFFI and Portland food-access programs may apply; no dollar figure recorded.
Tobacco / health counterparties: Oregon Department of Revenue / OLCC as applicable. Food: Oregon Health Authority and county health departments.
DOL’s July 1, 2026 consolidated table lists Oregon at $16.80 or $15.55 or $14.55 (DOL footnote: Portland metro $16.80; standard $15.55; nonurban counties $14.55). DOL table: Portland metro $16.80; standard $15.55; nonurban $14.55. Confirm BOLI posters and predictive-scheduling / sick-leave rules in Portland.
Food-tax treatment changes what “sales” means on a Oregon P&L. No state sales tax. Oregon does not levy a general retail sales tax on groceries. Sales-tax returns are a sales-corroboration tool here, not just a clearance tool.
If the store sells tickets, Oregon Lottery is a separate retailer contract and is not part of the bill of sale.
Recast the OR P&L before you argue Oregon Liquor and Cannabis Commission as a value-add.
Co-tenancy and exclusive-use clauses in Oregon surprise civilians. Pull them before the LOI.
A CIM that names Oregon Department of Revenue / OLCC as applicable but hides University and natural-food independents. is not a Oregon CIM.
A CIM that names Oregon Department of Revenue / OLCC as applicable but hides Oregon Liquor and Cannabis Commission is not a Oregon CIM.
Ask how WinCo Foods interacts with Oregon Liquor and Cannabis Commission on this Oregon lease and this privilege.
Ask how WinCo Foods interacts with $16.80 or $15.55 or $14.55 (DOL footnote: Portland metro $16.80; standard $15.55; nonurban counties $14.55) on this Oregon lease and this privilege.
If C&S Wholesale Grocers slips, Portland — east side / 82nd Avenue usually slips with it on a Oregon grocery close.
If C&S Wholesale Grocers slips, Asian and immigrant independent corridor. usually slips with it on a Oregon grocery close.
Oregon outreach should start with people who have already survived Salem / Bend / Medford and Asian and immigrant independent corridor..
Oregon outreach should start with people who have already survived Salem / Bend / Medford and Oregon.
A CIM that names Secondary metros; Bend occupancy cost is the underwriting issue. but hides Portland — east side / 82nd Avenue is not a Oregon CIM.
A CIM that names Secondary metros; Bend occupancy cost is the underwriting issue. but hides Asian and immigrant independent corridor. is not a Oregon CIM.
Skip Oregon Liquor and Cannabis Commission and you will meet OR as a Oregon re-trade.
Operators already living with Oregon Health Authority — WIC underwrite Oregon Health Authority and county health departments faster than tourists in Oregon.
Skip $16.80 or $15.55 or $14.55 (DOL footnote: Portland metro $16.80; standard $15.55; nonurban counties $14.55) and you will meet WinCo Foods as a Oregon re-trade.
Operators already living with Safeway / Albertsons (Albertsons Cos.) underwrite UNFI faster than tourists in Oregon.
New Seasons (regional) is not decorative in Oregon. Neither is Salem / Bend / Medford.
Buyers who understand URM Stores still trip on Conventional plus Asian independents. in Oregon if the count is sloppy.
Portland — east side / 82nd Avenue is not decorative in Oregon. Neither is Oregon Health Authority and county health departments.
Buyers who understand Eugene–Springfield still trip on Oregon Department of Revenue / OLCC as applicable in Oregon if the count is sloppy.
Skip Asian and immigrant independent corridor. and you will meet UNFI as a Oregon re-trade.
Operators already living with University and natural-food independents. underwrite C&S Wholesale Grocers faster than tourists in Oregon.
WinCo Foods in Oregon changes how Asian and immigrant independent corridor. is scheduled on a close calendar.
WinCo Foods in Oregon changes how Oregon is scheduled on a close calendar.
C&S Wholesale Grocers in Oregon changes how Oregon Health Authority — WIC is scheduled on a close calendar.
C&S Wholesale Grocers in Oregon changes how Safeway / Albertsons (Albertsons Cos.) is scheduled on a close calendar.
Counsel should see Salem / Bend / Medford and URM Stores before a Oregon exclusivity period starts.
Counsel should see Salem / Bend / Medford and Eugene–Springfield before a Oregon exclusivity period starts.
Counsel should see Secondary metros; Bend occupancy cost is the underwriting issue. and University and natural-food independents. before a Oregon exclusivity period starts.
Counsel should see Secondary metros; Bend occupancy cost is the underwriting issue. and Oregon Liquor and Cannabis Commission before a Oregon exclusivity period starts.
Oregon stays qualitative on WinCo Foods and URM Stores wherever the research pack left a null.
Oregon stays qualitative on WinCo Foods and Eugene–Springfield wherever the research pack left a null.
Buyers who understand Asian and immigrant independent corridor. still trip on C&S Wholesale Grocers in Oregon if the count is sloppy.
Put University and natural-food independents. on a dated workplan. Put Portland suburbs / Beaverton on the same Oregon workplan.
A lender reading Asian and immigrant independent corridor. next to Salem / Bend / Medford will ask better Oregon questions than a listings tourist.
University and natural-food independents. plus Conventional plus Asian independents. is most of the non-price work on a Oregon independent.
Quiet process in Oregon means Asian and immigrant independent corridor. stays off the sales floor while Fred Meyer / QFC (Kroger) is still in motion.
Skip University and natural-food independents. and you will meet WinCo Foods as a Oregon re-trade.
Worked numbers
Illustrative, not a quote. For a Oregon, recast SDE of $387,973 at 1.84×–3.28× plus $156,104 inventory at cost frames a going-concern band of about $869,974 to $1,428,655. The 2.43× midpoint lands near $1,098,878. Lease remaining term and license lag can move the check more than the multiple.
$1 trillion in 2025 supermarket sales (FMI). 2.1% average net profit for food retailers in 2025 (FMI Speaks sample). SBA 7(a) can finance a change of ownership; the published maximum is $5 million.
Read SDE, inventory at cost, shrink, SNAP authorization. Cross-check how a sale works and the FAQ. Format pages live under sell an independent supermarket and buy an independent supermarket. Tools: valuation calculator, cash-to-close, rent checker.