Early California Gourmet Extra Virgin Olive Oil...

San Francisco Bay, CA
Alameda County


Asking Price: Annual Revenue:
$250,000 $93,446

Wholesale/Distribution: Non-Durable Goods


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RE: Early California Gourmet Extra Virgin Olive Oil... Broker: Phillip Holt
License #: 01731143
Owner Financing is Available!

Quick Facts

Asking Price: $250,000
Annual Revenue: $93,446
Net Profit: Not Disclosed
Cash Flow: $10,000
Total Debt: Not Disclosed
FF&E: ON REQUEST
Real Estate: Not Disclosed
Year Established: 1992
Employees: Not Disclosed
BBN Listing #: 743138439
Broker Reference #: OAKLACA001-N243

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Business Overview:

This business started in a garage in Berkeley in 1992, introducing one of the early California Extra Virgin Olive oil brands, beginning a gourmet awakening to the subject and providing bulk and bottled oils to clients throughout the nation. The SF Bay Area is the primary market and SKU placements are found in many fine specialty stores - part of an unparalleled client list. In 1997 the founder was selected over all other candidates to lead an investor driven roll-up of the California olive oil business. The group acquired other brands and businesses including Thomas Keller's EVO, VG Buck, and Critelli Olive Oil - combining them into a vertically integrated company targeting supermarket placements. Growth continued and distribution flourished to Seattle, LA, and New York. During that time the brand was profiled in magazines and newspapers and received awards from the National Association of the Specialty Food Trade. The bottle was included on a poster of world olive oils from Ten Speed Press. This business is a bulk importer of premium quality olive oils, which are then repackaged and distributed under the owner’s well-established brand. The business is mostly a product driven brand with four primary SKU’s in the marketplace. One is the California EVOO which has been on retailer’s shelf in the Bay Area since 1993, over 25 years. Other SKU’s include Organic EVOO, which together with the California EVOO comprises 80% of sales. The other SKU's are Balsamic Vinegar of Modena and Mediterranean. For over 25 years the company has been serviced by the largest specialty food distributor in the region. The brand is grandfathered into new store olive oil opening sets/plans wherever it goes. The owner semi-retired in 2016 and now wishes to make the brand available to a new owner to proudly carry the torch forward.

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Property Features and Assets:

Real Estate License ID: 01731143

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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