Oilerie Shark Tank Pitch Net Worth

During his appearance on Shark Tank, Campbell was looking for investors to provide $500,000 to support his company’s growth. In return, he was willing to offer them a 35% ownership stake in his firm.

This implies that the net worth of his company was estimated to be approximately $1,428,571.42.

What is Oilerie and Who Founded Oilerie?

Oilerie is a specialty store that offers handcrafted olive oil for customers to taste and purchase. The olive oil is prepared in-store, ensuring maximum freshness, and is kept in large metal containers that hold around 4-5 gallons of oil each.

Customers can sample various flavors of olive oil in-store and have a bottle filled in front of them when they are ready to purchase. In addition to olive oil, the store has expanded to include balsamic vinegar, spices, Italian market items, and snacks.

Currently, there are eight Oilerie locations across the United States, as well as an online store. The company sources all of its EVOO from the province of Lazio, located about an hour south of Rome, Italy.

Oilerie was founded by Curt and Amy Jo Campbell in 2003 after they were inspired by the hand-crafted bottled olive oil they discovered in stores during a trip to Europe.

The couple started bottling their own handcrafted olive oil from their home in Wisconsin just six months later.

Today, Oilerie has grown to become the largest single-location retailer of extra virgin olive oil in the United States.

Oilerie Shark Tank Pitch?

In 2007, Oilerie began offering franchise opportunities and opened its first satellite location in Milwaukee in December 2008. By the time Curt appeared on Shark Tank in October 2014, seven franchised Oilerie locations were already in business.

During the pitch, Curt sought $500,000 in exchange for a 35% stake in his firm, indicating a value of $1,428,571.42. He targeted Mr. Wonderful, who collects olive oil and impressed the Sharks by offering them samples of his handcrafted olive oil.

Curt revealed that he had generated $3.1 million in revenue through his franchise business the previous year and had seven franchisees paying him an 8% royalty. However, he also admitted that he had stopped working at the businesses due to the stress involved.

Lori Greiner was concerned about partnering with Curt after hearing about his admission and informed him that she was out if she believed he wasn’t ready for the stress. Barbara also expressed her doubts about Curt’s ability to handle the stress, and Robert left as he did not find the olive oil to be his interest.

Kevin and Mr. Wonderful also withdrew their offers, but Mark praised Curt for his resilience and hard work.

Although Curt left Shark Tank without a deal, he was determined to make his business successful. In the episode Beyond the Tank, he said that leaving the show without a contract was devastating, but he sought help from corporate trainers to train franchisees and expand his business.

Despite the Sharks’ refusal, Oilerie continued to grow and celebrate its 15th anniversary four years after Shark Tank. The company currently has nine locations in the United States and generates $5 million in annual revenue.

Additionally, they expanded their product offerings to include bread dipping oils, balsamic vinegar, nut oils, and health and beauty products containing olive leaf extract and olive oil.

Oilerie Net Worth

Campbell enters the Shark Tank seeking $500, 000 in exchange for a 35% stake in his firm. This indicates a $1,428,571.42 value.

Oilerie Competitors

There are no Competitors identified for Oilerie.

Oilerie Shark Tank Updates

Oilerie is a franchise that specializes in selling premium olive oils. Although the company appeared on Shark Tank Season 6, it did not receive a deal. However, Oilerie has continued to grow and expand, and as of 2021, it was producing $5 million in revenue annually and had six franchise locations.

Customers can browse and purchase the company’s extensive line of balsamic vinegar, oils, spreads, and snacks on its website. Curt Campbell, the owner of Oilerie, opened the first location in 2003.

Since then, the company has expanded to include six franchise locations, with storefronts dedicated to the sampling of olive oils and other products. Oilerie offers a unique and high-quality olive oil experience to customers.

Campbell used some suggestions from the Sharks to help move his business forward, and despite not receiving a deal on Shark Tank, Oilerie has continued to grow and thrive. The franchise fee for an Oilerie Tasting Bar is $37,500 and guarantees that franchisees will master the fine art of olive oil tasting.

What Happened To Oilerie After Shark Tank?

Oilerie is a chain of retail stores located in the Midwest that offers customers the opportunity to sample olive oils before bottling them.

The company was founded by a husband and wife team, Curt Campbell and Amy Jo Campbell, who were inspired by similar stores they had encountered while traveling in Europe.

Despite not receiving an investment on Shark Tank in October 2014, the company managed to stay in business and has since expanded to nine locations across the US, including Oregon, Washington, Ohio, Wisconsin, South Carolina, and Texas.

As of 2021, Oilerie has been generating $5 million in revenue annually. The company’s website features an extensive line of balsamic vinegar, oils, and various spreads and snacks for customers to purchase. Additionally, the company has introduced unique products, such as avocado toast seasoning for last year’s Cinco de Mayo celebration. Campbell has opened six franchise locations, with the only additional location listed on the website being in Texas.

Did Oilerie Receive An Investment From A Shark On Shark Tank?

Curt Campbell, the owner of The Oilerie, appeared on a reality show called Shark Tank in season 6 and asked for a $500,000 investment for 35% equity in his olive oil and balsamic vinegar business.

Unfortunately, he did not receive an investment from any of the sharks. However, Campbell used some suggestions from the sharks to help move his business forward. He eventually franchised the concept and has six franchisees in four states. As of 2021, The Oilerie was producing $5 million in revenue.

After appearing on Shark Tank, Campbell also appeared on Beyond the Tank, a show that follows up on how contestants fared following their appearance on the show.

The show revealed that Campbell wanted to increase his franchising network and though the sharks said no, he believed the exposure on national television would find him potential franchisees.

The Oilerie now has seven franchise stores in five states, with others scheduled to open in Seattle and Houston.

What Products Does Oilerie Sell?

Oilerie is a store that sells authentic products that enhance the flavor and experience of many types of foods. The store is committed to delivering the best Italian products. Oilerie sells a variety of products, including olive oils, balsamic vinegar, sauces, spices, and seasonings.

Oilerie’s top-selling product for the past 15 years is The Oilerie Balsamic, which is an Italian balsamic vinegar that has the flavors, aroma, and density of a great 25-year-old Italian balsamic vinegar.

It is outstanding when splashed on salads with one of Oilerie’s fine oils, used as part of a marinade for all meats, or combined with any of their oils for bread dipping nirvana.

Oilerie also sells a variety of olive oils, including Oilerie Garlic Extra Virgin Olive Oil, which is the number one selling olive oil in their store. This Italian garlic extra virgin olive oil is great for bread dipping, pasta, drizzled on steaks when they come off of the grill, and just a drop behind each ear before one goes out dancing.

In addition to oils and vinegar, Oilerie sells a variety of sauces, spices, and seasonings, including 4 in 1 – Bacon Rub Seasonings, 4 in 1 – Garlic Plus Seasonings, 4 in 1 – Gourmet Seasonings, 4 in 1 – Pizza Seasonings, and 4 in 1 – Salt-Free Seasonings.

How Many Locations Does Oilerie Have Now?

As of the information available in the search results, Oilerie has six franchisees. However, it is unclear how many of the franchise locations are still in operation.

The franchise locations are spread across the United States, with stores in Brookfield, Wisconsin; Lake Oswego, Oregon; Hilton Head Island, South Carolina; Maple Grove, Minnesota; Fish Creek, Wisconsin; and Green Bay, Wisconsin.

The Fish Creek location closed in 2021 due to the pandemic. All online orders are shipped from the Fish Creek location, but customers can shop at any of the stores by phone or email.

What Other Products Does Oilerie Sell Besides Olive Oil?

In addition to olive oil, Oilerie sells balsamic vinegar, as well as various spreads and snacks. The Oilerie Balsamic Vinegar is an Italian balsamic vinegar that has been the top-selling product at Oilerie for the past 15 years.

It can be used as a marinade for all meats, splashed on salads with one of their fine oils, or combined with any of their oils for bread dipping.

Oilerie also sells products from Mantova Italian Foods, a fourth-generation family-owned and operated firm in the province of Lazio, Italy. These products include pasta, rice, sauces, grains, spices, and alternative flours.

While it is unclear if Oilerie sells any other products besides these, it is known that they have an extensive line of balsamic vinegar and oils.

Additionally, Oilerie’s founder, Curt Campbell, has posted many educational videos on his website about the differences between regular and extra virgin olive oil.

What Are The Top-Selling Products At Oilerie?

The Oilerie website reports that their best-selling product for the past 15 years is the Oilerie Balsamic Vinegar, an exclusive Italian balsamic vinegar with the flavors and density of a 25-year-old Italian balsamic vinegar.

It is excellent for use in salads, as part of a meat marinade, or combined with one of their oils for bread dipping. The Oilerie Garlic Extra Virgin Olive Oil is another popular product and is great for use in bread dipping, pasta, and on grilled steaks. It can also be used to pop popcorn or as a personal fragrance.

While the website also mentions the Xcell Spices – Grinders & Collections and Curt’s Pantry – Cool Stuff from Everywhere! As top-selling products, it is not clear which specific products within these collections are the most popular.

Oilerie Shark Tank Summary Table:

INFORMATION	DETAILS
Company Name	Oilerie
Founder	Curt and Amy Jo Campbell
Founded In	2003
What is it?	A specialty store that offers handcrafted olive oil and balsamic vinegar for customers to taste and purchase.
Locations	Nine locations across the United States and an online store
Franchise Opportunities	Yes, with a franchise fee of $37,500
Shark Tank Pitch	In exchange for a 35% stake in his firm, Curt Campbell sought $500,000 to support the company’s growth.
Shark Tank Outcome	No deal
Revenue (2021)	$5 million
Net Worth	Estimated to be approximately $1,428,571.42
Competitors	No identified competitors
Updates	Oilerie has continued to grow since its appearance on Shark Tank and has expanded its product offerings to include nut oils and health products.

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What is the Oilerie?

The Oilerie is an all-natural, handcrafted brand of extra virgin olive oil, balsamic vinegar, and select specialty products from around the world.

What makes Oilerie products so special?

The Oilerie sources all of its EVOO from the province of Lazio, about an hour to a little village south of Rome, Italy. It is all-natural, 100% pure and fresh as the day it was pressed.”

How many Oilerie franchises are there?

The Oilerie is now the largest hand bottler of extra virgin olive oil and aged balsamic vinegar in the United States, with six franchisees.

Is Oilerie olive oil?

Garlic Extra Virgin Olive Oil from Oilerie. Without a doubt, the best-selling olive oil in their store.

This Italian garlic extra virgin olive oil is excellent for bread dipping, spaghetti, drizzling over freshly grilled steaks, and a drop behind each ear before going out dancing.

Who founded Oilerie?

Curt Campbell, who was the founder of Oilerie, Curt started Oilerie back in 2003.

What makes Oilerie stand out from the competition?

They are an all-natural, handcrafted brand of extra virgin olive oil, balsamic vinegar, and select specialty products from around the world.

What do they need to open my Oilerie?

They will need a small business license as well as a product that is 100% natural and held to the highest quality standards such as theirs.

Is Oilerie easy to operate?

Absolutely. Their franchisees run their own retail operation, but they also have templates and resources available for them.

How do get started?

Curt and Amy Jo Campbell came up with the idea for an olive oil business on a 2003 trip to Europe. They were astounded by the hand-crafted bottled olive oil they discovered in stores around Poland. Six months later, the Campbells were bottling their own handcrafted olive oil from a modest home in Wisconsin.

How long has Curt worked in the olive oil business?

Curt worked in the olive oil business for ten years, managing two Olive Oil stores prior to starting Oilerie with Amy Jo.

Do profit margins for Oilerie vary between franchises?

No, the margins are kept equal to help maintain an even playing field for the franchises.

How much does it cost to start an Oilerie franchise?

Between $141,486 and $223,947 is the projected investment necessary to launch an Oilerie USA franchise.

There is an initial franchise fee of between $30,000 and $37,500 that covers the cost of obtaining the right to operate a company under the Oilerie USA brand.

Where is Oilerie located?

The Oilerie, as seen on ABC’s Shark Tank, has a shop located in Southeast Green Bay where only the finest ingredients produced in their production facility just south of Rome, Italy make it to the store shelves.

What is the revenue of Oilerie?

As of November 2021, the firm is still profitable, generating $5 million in yearly revenue.

What is the net worth of Curt Campbell?

Unknown.

What is the net worth of Amy Jo Campbell?

Unknown.