Olive Oil Inc. is a start up export-import business located in NYC, USA. We are in search of 3M as a start up funding, so that we can start and grow our by-the-bottle (own label) and wholesale (bulk) business export. Please find some additional details below.
The objective of this agribusiness is to develop the Moroccan olive oil export market worldwide. Morocco is already the world's 6th largest producer of olive oil and it's certainly well-positioned to meet growing global demand. The consumption of olive oil has expanded over the past 20 years and continues to increase, particularly in the U.S and Asian markets. Over 90% of Moroccan olive oil is produced from the Picholine sort of olives, recognized worldwide for its fruity and extraordinary flavor.
Furthermore, Moroccan olive oil production is expected to expand by 282% by 2020. Currently, approximately 75% of the olives production is processed into virgin olive oil. Its production is characterized by relatively high quality that has won many awards at international competitions. Overwhelmingly the largest export is to the European Union, particularly Spain, Italy, Greek and Portugal. In a world of increasingly heart conscious consumers, the demand has doubled between 1990 and 2000 and according to experts will likely triple by 2020.
95% of olive oil comes from the countries bordering the Mediterranean with Spain, Portugal, Italy, and Morocco being among the leading producers worldwide. Because of the expected increase in consumption many believe that the major producers will just not be able to keep up with demand.
Olive Oil Inc.’s principals estimate that investors will triple their investment over the next few years. With this sort of innovative thinking the company will attract those interested in both green and socially conscious projects to meet a public need and generate profits as well. Keep also in mind that one of the goals of this opportunity is to create jobs in both US and Morocco trough economic growth.
Our Competitive advantage is our pre-negotiated locked FOB olive oil prices also the investors Tax break and the international free zoning provided, Exemption from corporate taxes on exports for the first 10 years and a reduction of 50% thereafter
• No taxes paid on patents & urban taxes for the first 8 years
• Complete exemption from import duties on equipment & materials for Investment projects (This also includes VAT for the first 48 months)
• Complete repatriation of profits to home country without fee
• 20% subsidies for the construction of an oil extraction unit & bottling unit
The rational for the deal is following the implementation of the U.S-Morocco Free Trade Agreement in 2009, which allows Moroccan olive oil to enter the U.S. duty-free, the value of imports of olive oil from Morocco jumped from $4.1 million in 2006 to $24.2 million in 2010. As American and Moroccan operations create stronger linkages, it's no question that olive oil USA will dominate the US and Asian market instantly because of the pricing advantage.
We are opening 2 offices in NYC (USA) and Casablanca (MOR) both focusing on international sales and warehousing facility for inventory. Olive Oil USA controls and manages over 30.000 tons of olive oil from privately owned crops of 1,475 families, located all over Morocco to increase the yield and organic olive production in order to modernize and unlock opportunities in the olive value-chain, particularly in the export market. We are also opening 2 offices in NYC (USA) and Casablanca (MOR) both focusing on international sales.
This is a residual income deal for future investor, once a sale contract is established with a customer, it will just eventually be renewed once the olive oil inventory is needed. We are mainly looking for Equity partners but we are open and flexible to other options. ROI will be discussed further once the interest is shown by a potential investor.