Fredericksburg, Virginia Advantage Business Advisors, Inc. (ABA) today announced that it acted as the exclusive mergers and acquisitions advisor to OLI and VINNIE, LLC. in the acquisition of Taste Oil Vinegar Spice, Inc.
There are two locations of the business which trades as Taste Oil Vinegar Spice; one in Fredericksburg, VA and the other in Culpeper, VA. Featured products include multiple varieties of Veronica Foods extra virgin olive oils and vinegars; which are renowned for exceptional quality. Spices and herbs, organically sourced, are essential business offerings as well. Deb and Brian Foley, owners of OLI and Vinnie, LLC have received special training at the Veronica Headquarters. Deb has been the manager of the Fredericksburg store for over two years.
The employees will be retained. Price and terms were not disclosed.
“We contacted Jeffrey R. Scott, President of Advantage Business Advisors, Inc. when the opportunity to purchase the business was presented to us. Mr. Scott was extremely helpful throughout the entire process. His understanding of business sales was invaluable and the professional people he brought into the sale were top notch”, says Brian Foley. Deb Foley says, “This is truly a dream come true for me. We welcome everyone to visit our delightful stores”. ABA which assists buyers and sellers of businesses, performs business appraisals and develops business owner’s exit plans, has served business owners since 1979.
For more information, visit www.advantageba.com