Oilerie USA, an olive oil retail store franchise, was started by Amy Jo and Curt Campbell in 2003. As of October 2023, Oilerie USA has a net worth of $5 million and annual sales revenue of $5 million. They appeared on season 6 of Shark Tank USA in 2014, seeking $500,000 for 35% of equity, valuing the company at $142,857. However, the Sharks were not interested in investing in Oilerie. Despite this, Oilerie USA is still in business as of November 2023, with a franchise network that has expanded to over 20 locations across the United States. The founders, Amy Jo and Curt Campbell, have a combined net worth of $5 million.
Key Takeaways:
- Oilerie USA has a net worth of $5 million and annual sales revenue of $5 million.
- Oilerie appeared on season 6 of Shark Tank USA in 2014, seeking funding but did not secure a deal.
- Oilerie USA has expanded to over 20 locations across the United States.
- Founders, Amy Jo and Curt Campbell, have a combined net worth of $5 million.
- Oilerie USA continues to thrive despite not securing a deal on Shark Tank.
Oilerie USA Pitch on Shark Tank
In their pitch on Shark Tank season 6, Oilerie USA sought $500,000 for 35% equity in their olive oil retail store franchise. The valuation of the company before appearing on Shark Tank was $142,857. However, none of the Sharks were interested in investing in Oilerie USA. They questioned the size of the market for olive oil bars and believed that the service would only appeal to a niche market of affluent consumers. Despite not securing a deal, Oilerie USA continues to thrive and expand its franchise network.
Oilerie USA Shark Tank Pitch Details
| Key Information | Details |
|---|---|
| Episode | Season 6 |
| Amount Sought | $500,000 |
| Equity Offered | 35% |
| Valuation | $142,857 |
| Sharks’ Response | None of the Sharks were interested in investing |
The Sharks’ hesitation to invest in Oilerie USA was primarily due to their concerns about the market size and the target audience. However, despite the lack of interest from the Sharks, Oilerie USA has managed to defy the odds and build a successful business. They have expanded their franchise network to over 20 locations, indicating that there is indeed a demand for their unique offering.
While the Sharks may have missed an opportunity with Oilerie USA, the company’s post-Shark Tank success is a testament to the resilience and determination of its founders. Amy Jo and Curt Campbell have proven that even without the backing of the Sharks, they can thrive and create a flourishing business. Oilerie USA’s ability to overcome the initial setback and continue to grow showcases the true entrepreneurial spirit.
Future Outlook for Oilerie USA
The future looks promising for Oilerie USA as they continue to expand their presence in the olive oil retail industry. With a strong franchise network and a loyal customer base, Oilerie USA is well-positioned for continued growth and success. Despite the initial rejection on Shark Tank, the company has carved out a niche for themselves and established a strong brand presence.
As Oilerie USA looks to the future, they remain committed to delivering high-quality olive oil products to customers across the United States. Their determination to succeed, coupled with their passion for their product, will undoubtedly contribute to their ongoing success in the industry.
Oilerie USA Founders and Key Accomplishments
Oilerie USA was founded by Amy Jo and Curt Campbell in 2003. Both founders have extensive experience in the food and beverage industry, with a combined expertise of over 30 years. Their passion for high-quality olive oil led them to establish Oilerie USA, a renowned olive oil retail store franchise.
Since its inception, Oilerie USA has achieved significant milestones and key accomplishments. One notable achievement was their appearance on season 6 of Shark Tank in 2014. Despite not securing a deal with the Sharks, the exposure from the show helped Oilerie USA gain national recognition and attract new customers.
In addition to their Shark Tank appearance, Oilerie USA has successfully expanded its franchise network to over 20 locations across the United States. This growth reflects the strong demand for their premium olive oil products and their commitment to providing exceptional customer experiences.
Amy Jo and Curt Campbell: Visionary Founders
| Key Accomplishments | Year |
|---|---|
| Establishment of Oilerie USA | 2003 |
| Appearance on Shark Tank | 2014 |
| Expansion to over 20 franchise locations | Ongoing |
| Certification as a B Corporation | 2015 |
In recognition of their commitment to social and environmental responsibility, Oilerie USA became a certified B Corporation in 2015. This certification underscores their dedication to ethical business practices and sustainable operations.
With Amy Jo and Curt Campbell at the helm, Oilerie USA continues to thrive in the competitive olive oil market. Their visionary leadership, combined with their passion for delivering exceptional products, has solidified Oilerie USA’s position as a trusted provider of high-quality olive oil products.
Conclusion and Future Outlook
Throughout their journey, Oilerie USA has proven to be a testament to entrepreneurial success. Despite not securing a deal on Shark Tank, the company has managed to thrive and expand its business, setting the stage for a promising future.
With a current net worth of $5 million and annual sales revenue of $5 million, Oilerie USA has achieved remarkable success. The overwhelming response from viewers and new customers following their appearance on Shark Tank has played a significant role in propelling the company forward.
Looking ahead, Oilerie USA is poised for further growth and expansion. Their commitment to excellence and the delivery of high-quality olive oil remains steadfast. The company’s dedication to sharing their passion for olive oil across the United States continues to drive their success.
As Oilerie USA charts its course into the future, their strong foundation and proven business model position them for continued success. With entrepreneurial spirit at its core, Oilerie USA embraces the opportunities that lie ahead and remains committed to delivering exceptional products and service to their valued customers.
FAQ
What is the net worth of Oilerie USA before and after appearing on Shark Tank?
Before appearing on Shark Tank, Oilerie USA had a net worth of $142,857. As of October 2023, their net worth is $5 million.
How much money did Oilerie USA seek on Shark Tank and for what percentage of equity?
On Shark Tank, Oilerie USA sought $500,000 for 35% equity in their company.
Did Oilerie USA secure an investment deal on Shark Tank?
No, none of the Sharks were interested in investing in Oilerie USA.
How many locations does Oilerie USA have in its franchise network?
Oilerie USA has expanded its franchise network to over 20 locations across the United States.
What is the combined net worth of Oilerie USA’s founders, Amy Jo and Curt Campbell?
Amy Jo and Curt Campbell have a combined net worth of $5 million.
When did Oilerie USA become a certified B Corporation?
Oilerie USA became a certified B Corporation in 2015, demonstrating their commitment to social and environmental responsibility.