Industry: Restaurant and Food
Listing ID: Olive
This olive oil and gourmet foods business specializes in the sale of high-quality olive oil and balsamic vinegars. Every item in the store is hand selected with great intention in order to provide its customers with the most superior products on the market. The Company primarily utilizes private labeling for the products sold. This contributes to the exclusivity of the Company’s product line and allows the Company to maintain a loyal customer base.
The Company’s staff are educated in both the Company’s product lines and flavor pairings. Customers are welcome to shop the storefront, taste samples, and interact with the staff to gain advice on cooking, healthy eating skills, and flavor pairings. The Company features two storefronts located in high traffic, tourist areas. The Company also boasts a large social media following.
Current ownership is semi-absentee, performing limited administrative, accounting, and marketing duties remotely. New ownership could choose to have a more active role in the business or allow current management to continue running the business. Ownership is seeking to sell in order to pursue retirement.
Opportunities for Growth
(1) Open a Third Location
(2) Increase Online Sales
(1) Recent Expansion & Renovations: One location recently doubled in size. Both locations were recently renovated.
(2) High Quality Products: The Company works diligently to discover and offer only the highest quality products available on the market.
(3) Strong Online Presence: Newly updated website and large social media following
Total Sales: $1,107,000
Cash Flow: $286,000