Do you want to start an olive oil business by buying a franchise? If YES, here are 4 best olive oil franchise opportunities for sale and their cost. An olive oil franchise is a franchise that is built around olive oil production, retail and usage.
Olive oil is an essential oil and essential oils are often used for aromatherapy, a form of substitute medicine in which healing effects are credited to aromatic compounds. Aromatherapy may be useful to induce relaxation, but there is no adequate indication that essential oils can effectively treat any condition.
Owning a business in this industry and breaking even in record time is easier when you buy the franchise of a successful olive oil franchising company. Entrepreneurs regularly seek the best franchises available. Franchising is a $1.3 trillion industry. Nearly 750,000 businesses employ more than 8.5 million workers, according to the International Franchising Association.
Franchises are considered superior to start-ups. Entrepreneur Magazine reports that the average failure rate for new businesses in their first five years of operation is close to 65 percent. Comparatively, franchised companies experience just 3 to 11 percent annual turnover.
Aside from statistics on business success, prospective business owners are partial to franchise models due to their brand recognition, consistent service, developed and proven operating system, and security. So, if you choose to start an olive oil business, here are some of the best olive oil franchises you can buy in the United States of America;
4 Best Olive Oil Franchise Opportunities for Sale and Their Cost
1. We Olive®
We Olive strives to be the best place to experience the finest California Olive oil and other olive products from around the world. Since its beginning We Olive has presented only the best quality olive oils. We Olive specializes in California olive oil because the origin and process of each oil can be guaranteed. We Olive is more than just a store with olive oil, it is an ‘Olive Oil Experience’.
When you enter a We Olive store, you will be amazed at the product selection. There are at least Twenty different oils on the bar at any given time. The highly trained We Olive staff will guide you through an Olive Oil tasting, teaching you about the different flavors and nuances of olive oil. You will also enjoy samples of all of the products We Olive has to offer.
We Olives was founded in 203 and they have their corporate headquarters at 179 Niblick Road – Suite 101, Paso Robles, CA, 93446. If you are interested in buying this franchise, you can contact them for the cost and other requirements.
2. The Oilerie®
Financial Requirements
- Investments: $141,486 – $223,947
- Franchise fee: $37,500
The Oilerie® was founded in 2003 and they started franchising in same year – 2003 and currently they have 8 units. The Oilerie® is a profitable, fun, family-friendly, existing success, with a big future. The Oilerie® is on track to become the single largest retailer of Olive Oil in America. Their unique presentation, carefully selected locations, and enthusiastic partners have combined to make The Oilerie® an ongoing success with a rapidly expanding future.
The Oilerie® invented the Olive Oil Bar® Store concept in 2003. Twenty-eight gleaming tanks present the finest and freshest Italian Extra Virgin Olive Oils and 25-year-old Balsamic Vinegar. The stores provide customers with a relaxing, adult environment that is perfect for sampling and learning all about the magical world of olive oil.
A wonderland for both cooks and non-cooks alike, Oilerie® is where one samples the product before it is bottled. The Oilerie®— Changing the way America buys olive oil. The Oilerie® Olive Oil production facility is located in a small town, about one hour’s drive south of Rome.
3. Miami Olive Oil
Miami Olive Oil is everything you want from a franchise; except they don’t charge any royalties or fees. Miami Olive Oil will guide you through the process of opening your store. They will help you choose the right products for your store and place years of consulting experience right at your fingertips.
Miami Olive Oil will show you how to educate consumers, and help you learn about the industry and the many opportunities available. The olive oil and balsamic vinegar industry is exploding in the U.S., and the company have the years of experience to help you get started without an expensive franchise model.
Miami Olive Oil is the direct U.S. gateway to international growers and producers from around the world. The business is focused on opening the olive oil market—helping businesses open and successfully manage profitable stores helps them expand their reach.
Opening a store with Miami Olive Oil lowers risk, time-consuming research and costly travel. Take advantage of their no royalty, franchise or consulting fees support. If you are interested in buying this franchise, you can contact them for the cost and other requirements.
4. Oil & Vinegar
At Oil & Vinegar, they offer an interactive gourmet specialty shop concept packed with international panache, flavor and passion, providing their guests with an un-matched shopping experience. Founded in 1999 in the Netherlands, Oil & Vinegar has focused on becoming a global brand name synonymous with high-quality international taste and experience.
In the US marketplace, they are gaining rapid brand recognition and their recent expansion has taken the company to 15 states. Primarily through franchising, their vision is to make Oil & Vinegar a household name, providing food enthusiasts in local markets the opportunity to experience their unique international flair and discover the perfect culinary gifts for any occasion.
They are actively seeking passionate entrepreneurs who love gourmet food and are ready to chase the dream of running their own business. What Oil & Vinegar has to offer is a retail concept vastly different from anything in the market and one that appeals to gourmet interests.
As an Oil & Vinegar business owner, you will have the opportunity to take your guests on a tour of international culture, healthy eating, beautiful gift arrangements, and of course amazing flavors – all in the comfort of your own store.
Financial Investment / Cost Estimates
The necessary equity capital of the franchisee needs to be at least 20 – 30% of the total investment.
- Average annual gross rents: $50 to $100 /sf
- Size of Shop: 800 to 1,200 sf
- Location: A1 or A2
- Total investment: $243k to $493k
Some highlights
- Leasehold improvements: $50k to $190k
- Trade Furniture, Fixtures, and Finishes: $50k to $65k
- Initial Inventory: $50k to $80k
- Initial Franchise Fee: $25k
- Professional Fees: $27k to $35k
Specification formula costs
- Franchise-fee: 5% of sales