Oilerie entered the Shark Tank in Season 6 pitching their extra virgin olive oil and aged Balsamic vinegar. We spoke to Curt Campbell, CEO, about how the company is faring without a deal from the Sharks. Here is what he told us about…
How They’ve Grown & Future Plans
We have sold three franchises in Seattle, Houston and Madison, Wisconsin. We will have 25 stores by the end of 2016 and we will have 100 stores in 5 years.
His Response to the Sharks’ Assessments
I did not do a good enough job of explaining the concept, and in the end, they simply did not have enough information to make an informed decision. Over 550 folks from around the world requested information on buying an Oilerie Franchise. The reason I went on the show was to raise the funds needed to design and implement the system and infrastructure to sell and service 100 units. Since I did not get a deal, we were not able to respond in a timely fashion. I do believe a Shark would have made back their $500K in 60 days.
His Advice to ‘Tank’ Contestants
Show no fear, know your business and be respectful & polite.