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$39,000 USD

The Olive Spout

www.theolivespout.com

Appears in Food and drink , Kentucky, United States, Established stores, Large Business, Retail Stores, Business and Franchises under $50,000, Inventory, Highly Profitable businesses

General description

The Olive Spout sells Fresh Pressed Olive Oil, Balsamic Vinegar and gourmet food in Bardstown, KY. This is an exciting opportunity for someone who loves to cook, teach and entertain.

You'll earn the purchase price back very quickly with the holiday season coming up quickly.

Financials and traffic

High profit business. The last 12 months we had verifiable revenue of $92,622.62. Shopify does not calculate full partial months of Revenue, but we can definitely prove this revenue amount.

Average profit/month

$3,000 USD

Average overall profit margin

70%

Average number of sales/month

260

Value of inventory

$6,000 USD

Recent revenue

$299,432.00 USD

Recent traffic

6,609 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Utilities

Expense item

Cost

Shopify plan

$128.00/month

Retail space rental

$1,500.00/month

Brick and mortar

Our lease has an option to extend for another 5 years. The landlord is great.
The store has over 3,000 SQ ft total with currently 1,100 SQ ft of retail space, a storage area, break area, 2 bathrooms and a large area to entertain customers upstairs. It's in a really cool town that is the Bourbon Capital of the world and voted The Most Beautiful small town in America.

Retail location

118 N 3rd St

Bardstown, KY

40004

US

Uses Shopify POS

Inventory

Buyer must attend a 1 day orientation in California to learn about the Fresh Olive Oils.

We have a lot of fixtures as well, a point of sale system using ipads, furniture, sinks, etc.

Located in Bardstown, KY

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

theolivespout

Social media followers

2,700 people

Q & A

Why should someone buy this store?

It's a fantastic store in a great town. The last 12 months we had verifiable revenue of $92,622.62. We have BourbonFest coming up and then we're into the Holiday season.

How can the future owner improve the business?

Hosting events, give cooking classes, expand inventory and be more active on social media.

What work have you put into the store?

We put in over $30,000 worth of fixtures and appliances when we opened the store 5 years ago. The store is very well done.

How many hours does it take to run this business per week?

40 hours

$39,000 USD

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Store images

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