BDO Capital Advises Taste Family of Businesses on the sale to an ESOP

Virginia Beach, VA – November 22, 2024 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that Taste Family of Businesses, Inc. (Taste Unlimited or the Company) has sold 100 percent of its stock to a newly formed Employee Stock Ownership Plan (ESOP). BDO Capital served as the exclusive financial advisor to Taste Unlimited in this transaction, underscoring the firm’s capability in advising entrepreneur-led companies within the consumer, food and retail industries. Managing Director Blake Head, Director Jacob Cook, and Experienced Associate Stone Brown led the client engagement for BDO Capital.

Founded in 1973, Taste Unlimited is a renowned Virginia Beach-based restaurant group celebrated for its gourmet offerings and commitment to quality. Today, each traditional Taste Unlimited location is part specialty foods market and part upscale café offering made-to-order salads, sandwiches and soups; small-batch, from-scratch, house-made prepared and packaged foods; boutique wines and craft beers; specialty food and gift items; and culinary events.

Taste Family of Businesses logo.

From our introductory meeting through our company’s post-closing employee announcement, the team at BDO Capital was highly engaged and supportive. Their extensive ESOP experience allowed them to guide us through every phase of the evaluation and transaction process, helping ensure we achieved our desired outcome. They were incredibly responsive throughout, providing timely insights and support. At every step, they demonstrated a genuine commitment to our success.

Jon Pruden
Executive Chairman, Taste Family of Businesses, Inc.