Experienced business owners take over a struggling her business
“[My] experience with the SBDC was invaluable in helping [us] through a valuation process [we] had never experienced before.” – Liesl Vosika, owner
After decades of perfecting spice blends as a hobby, Liesl Vosika began selling her proprietary blend, Red Clover, at the Idaho Falls Farmer’s Market in 2012. The following year, Liesl & her husband Tim were presented with an opportunity to purchase a struggling herb store.
Tim and Liesl are no strangers to owning a business. Having previously run several businesses across Colorado, Oregon and Arizona, they’d gained experience that prepared them to operate Red Clover Herbs & Market. However, understanding how to navigate the purchase of a business was new territory. The Idaho SBDC coached them through the process with assistance in a financial and blue sky review, a valuation determination and a purchase strategy that would create a win-win situation for both buyer and seller.
A struggling business has been reborn and their flagship product, the “Red Clover Blend” is now being marketed nationally.
To learn more about Red Clover Herbs, click here.
To download Red Clover Herbs’s complete success story, click here.
Idaho SBDC Success Story
Idaho Falls, ID