In 2006 the DeSotos were contemplating retirement. Both
Ed and Chrystie had experience in the food business. Ed ran his
own sales rep business since 1977 selling food, candy and snacks
to major retailers like the Price Club, Costco and Longs.
Chrystie sold for Mars Candy Company and had been a buyer for
the Emporium department store earlier in her career. “Although
we were considering retirement, neither of us just wanted to sit
around the local coffee shop telling stories,” jokes Ed. More
seriously, he continues, “I had represented Veronica Foods, a
major importer of fine olive oils, for many years. Mike Bradley,
the President of Veronica Foods, suggested to me that there
ought to be a great opportunity for a retail store devoted
exclusively to selling premium olive oils and balsamic vinegars
in the right market.”
In late 2006 and early 2007, Ed and Chrystie investigated
this idea. They studied the qualities and varieties of olive
oils, the process for making them and they visited specialty
olive oil retail outlets in Paso Robles,
Fresno
and Marin County, California. “Our goal was to see if we could
do for olive oil what Starbucks did for whole bean coffee,” Ed
explains. He goes on, “most consumers who buy olive oil at the
supermarket don’t realize how unique olive oils can be and how
healthy and tasty they are. We wanted our store to provide a
wine tasting experience but for olive oils.”
Once the DeSoto’s decided to move ahead, choosing the
location was the next crucial decision. “We were looking for an
upscale market with a younger, health conscious life style,”
explains Ed. “After considering a couple of other towns, we
chose Campbell because of its thriving downtown area and all the
support, activities and encouragement that the city provides,”
he adds. In fact, the DeSotos got help from the city in picking
a specific location. They chose a shop that formerly had been an
art gallery and is located right in the heart of the downtown
area. “We took possession in early March, 2007, but we needed
about four months to renovate the store to meet our
requirements,” he remarks. Chrystie continues, “Although we had
a lot of experience selling food products to retail outlets,
neither of us had any direct experience in running a store.” She
continues, “I am involved with the non-profit Assistance League
of Los Gatos/Saratoga which is active in the Chambers of
Commerce of both cities. Through the Chambers I learned about
SCORE and the help its counselors might provide us.”
Between March and the opening of the
Olive
Bar on June 26, 2007 the
DeSotos met with numerous SCORE counselors. They got advice on
setting up their accounting, insurance needs, managing inventory
and a great deeal of help on marketing. Also, Chrystie took
SVSCORE’s seminar on “Accounting for Small Businesses”. “Mike
O’Connor and Bob Goedjen from SCORE helped us with advertising
and promotion, and even showed us how to make our business cards
more effective by using both sides of the card,” says Chrystie.
Ed adds, “They told us what we had to say and how to say it.”
Recently Mike Strozza from SCORE has advised the DeSotos on ways
to measure marketing performance by gathering statistics about
their customers. “Based on Mike’s suggestions we’ve been able to
determine that about half of our customers are first time
walk-ins, while the remainder are return or destination
customers,” comments Ed. He adds, “This will help focus our
marketing in the future and make it more effective.”
The DeSotos credit SCORE for advice and guidance that
enabled the Olive
Bar to become profitable
very shortly after it opened. “We have a lot of ideas to help us
grow,” says Ed, while Chrystie adds, “and we intend to continue
to use SCORE as our sounding board and advisor on how to make
these ideas succeed.”