This is an excellent opportunity for an aspiring entrepreneur or experienced business owner to take over a thriving and well-established business. The combination of a prime location, strong brand recognition, loyal customer base, and diverse product offerings makes this a highly attractive prospect.

Key takeaways from the business description:

1. Proven success: The business has a solid track record of profitability, generating a net profit of $80,000 annually to an owner-operator.

2. Prime location: Situated on Main Street in a bustling town with high foot traffic, the store enjoys excellent visibility and accessibility.

3. Strong brand reputation: The business has built a reputable name with a loyal customer base, providing a solid foundation for continued success.

4. Diverse product range: Offering over 55 varieties of olive oils, vinegars, sauces, jams, and gift baskets, the store caters to a wide range of customer preferences.

5. Growth potential: With extended hours, enhanced marketing efforts, and expanded online ordering, the business has untapped potential for further growth.

6. Secured supply chain: The business maintains a reliable supply chain with a top wholesaler in California, ensuring consistent product availability.

7. Favorable lease terms: A new 10-year lease provides stability and predictability for the business's future operations.

8. Spacious storefront: The 1800 sq ft location provides ample space for product display, customer interaction, and potential expansion.

9. Vibrant retail environment: The store is situated in a thriving retail district with multiple high-end restaurants, contributing to the overall appeal of the location.

Additional considerations:

• Explore the possibility of acquiring other locations from the current owner to expand the business's reach.

• Evaluate the potential for e-commerce expansion to reach a broader customer base beyond the physical store.

• Consider implementing customer loyalty programs and targeted promotions to further strengthen customer relationships.