Listing Details:
- Business Category: Retail Miscellaneous
- Price: $110,000
- Gross Revenue: $148,008
- SDE: $46,985
- Seller Financing: $55,000
- Location: West Metro, Minneapolis, MN
- FF&E: $7,050
- Support & Training: 2 weeks
- Reason for Selling: Retirement
- Non Compete: 50 Miles for 5 Years
- Years Owned: 11
Business Description
A great opportunity to own a lifestyle business that combines health, flavor, and a touch of international flair. The Smiling Olive, a unique retailer, specializing in premium extra virgin olive oils and specialty balsamic vinegars as well as gourmet condiments and spices.
Key Features:
- Providing fresh, high-quality products from various international sources
- To preserve the highest level of quality, flavor and antioxidants, products are kept in Italian, stainless steel fustis.
- Delivered in UV-protected, dark glass bottles for freshness
- Located in Chaska, Minnesota with both instore tasting and online purchasing
Growth Potential
- Host regular tasting events where customers can sample different varieties of olive oils and balsamic vinegars, paired with complementary foods such as bread, cheese, and fresh produce.
- Organize cooking classes or demonstrations featuring local chefs who can showcase creative ways to use the products in everyday cooking.
- Collaborate with nearby restaurants and cafes to feature the olive oils and vinegars in their dishes, offering special promotions or discounts to customers who visit the store.
- Offer private tasting sessions for corporate events, bridal showers, or other special occasions, providing a unique and memorable experience for attendees.
- Establish a corporate gift program
- Utilize social media to promote events, share recipes, and highlight customer testimonials, creating a sense of community and engagement around the brand.
Customer Reviews
5 Star Google Reviews