Established Business for Sale

Door County, WI

Upscale retail gourmet
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Asking Price: $750,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $150,000

Rent: $2,300 /Month

Established: 2003

Established Business for Sale

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Business Description

$1,000,000 in sales. 2 stores + website generating 65% Gross Profit

Amy Jo and I lease two retail stores, one in Green Bay and our flagship store in beautiful Fish Creek, Door County, WI. We pioneered the concept of a retail olive oil store in America here in 2003. From 2008 until 2018 we sold franchises and appeared on the hit ABC show "Shark Tank". There are still six franchises in our system with each paying 8% royalties + a 1% marketing fee. Our retail model is unique to us and focuses on small shops with 400 sq ft of retail selling space. We have a 3,000 sq ft warehouse which we lease in Green Bay.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
12/31/2019
Employees:
4
Facilities:
2 retail stores, 1 warehouse, 1 - 14' diesel straight truck, new store fixtures. A true turn key operation.
Competition:
The market for retail olive oil in America is strong and the number of stores that now exist is proof of concept. Having pioneered the concept, we have maintained the "Hertz is #1" position in our field.
Growth & Expansion:
We are in the process of relocating our Green Bay store to a much stronger location with a Target on one side and a Pick N Save on the other for anchors. This move will be complete in June 2019.
Support & Training:
Amy Jo and I have a great staff and we are willing to assist in training & support for the period of time the new owners feel comfortable with.
Reason for Selling:
My health is declining & we'd like to retire
Business Website:
http://oilerie.com
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Business Listed By:
Curtis Campbell

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