Oilerie on Shark Tank
Olive Oil Bar - Episode 604 - 10/24/2014
|Oilerie Olive Oil Bar Owners|
Curt and Amy Campbell
Curt Campbell is the owner of Oilerie Oils who's appearing on the Shark Tank in episode 604 this Friday night. If you never visited an Oilerie Olive Oil Bar before, your taste buds are in for a real treat from these exotic flavors produced in Italy and now available in the United States. Curt and his wife Amy, began this journey mastering the art of Olive Oils and Vinegars while on a vacation in Italy. After seeing how popular this product is abroad, the idea came to them, "why don't they have olive oil bars in the U.S.?'
Within six months, the Campbell's started importing bulk specialty olive oils from 4th generation Italian Master, Adriano Mantova, and re-bottled the product under their own "Oilerie Oils Label". The first little cottage store's located in Fish Creek, Wisconsin, which turned into an instant success almost overnight. According to the website, this flagship store started in 2003, is only 325 square feet, and brings in almost $1 million in annual sales.
After watching a few videos of Curt Campbell explaining the entire Oilerie Olive Oil products, its become very clear there's a lot more to this business than you might think. Now over ten years later, and dozens of trips back to Italy, Curt clearly has mastered the fine art of specialty oils we'll learn about on this episode 604 of the Shark Tank Show.
Oilerie Oils before Shark Tank Update
With the first Oilerie Oil Store doing almost a million a year for the last several years, why would Curt Campbell go on the Shark Tank with this already lucrative business? That's kind of a dumb question considering we're talking about the Shark Tank Show, but it's always a good question to keep in mind.
In this case, the Oilerie Brand is looking to franchise the Oil Bars with the Sharks investment, and speed up the process of building this business opportunity on a national scale. The franchise fee for a Oilerie Tasting Bar is only $37,500.00, and guarantee's you will master the fine art of olive oils and balsamic vinegar in no time. Currently, there's only 9 Oilerie Stores spread out around the country, so this opportunity is wide open in many locations.
Considering the first little flagship store sold almost $1 million dollars worth of product with a 65% gross profit margin, that certainly sounds like a very unique franchise opportunity worth taking a closer look at.
I never thought about opening up a bar before, much less an olive oil bar. But who knows, if Campbell can convince the Sharks this is a good investment, I might consider this franchise opportunity myself. Those numbers are hard to ignore.