EP 366: Her Cheese Shop Does $1m+ Annually, EBITDA Low, Why?

Published: July 25, 2016, 9 a.m.

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Kendall Antonelli, who started a cheese shop with her husband. Antonelli\\u2019s Cheese Shop has taken off, and last year their revenue was $1.9 million. Kendall and her husband have found that they secret to their success is storytelling. They share the personal stories behind their cheeses and other products.

Famous 5:

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  • Favorite Book? \\u2013 Good to Great, Uncontainable, Mastering the Rockefeller Habits
  • Favorite online tool? \\u2014 QuickBooks
  • Do you get 8 hours of sleep?\\u2014Yes
  • If you could let your 20 year old self know one thing, what would it be? \\u2014 Keep an adventurous spirit. Do something every day that betters yourself.

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Time Stamped Show Notes:

  • 01:25 \\u2013 Nathan introduces Kendall
  • 01:40 \\u2013 Kendall and her husband got the idea on their honeymoon
  • 02:25 \\u2013 Her husband wanted to find a better job, in cheese
  • 03:00 \\u2013 He decided to look into the business
  • 03:40 \\u2013 Kendall was working in social work
  • 04:20 \\u2013 They always wanted to work together
  • 04:45 \\u2013 She grew up in a farm town, and they \\u201cfell in love with the story of cheese.\\u201d
  • 05:10 \\u2013 They looked at their strengths
  • 05:35 \\u2013 Antonelli\\u2019s Cheese LLC
  • 06:00 \\u2013 Their rent
  • 07:10 \\u2013 Multiple business models
  • 07:20 \\u2013 Her and her husband have separate roles
  • 08:25 \\u2013 Open-book management
  • 08:40 \\u2013 $1.9 million in 2015
  • 09:05 \\u2013 \\u201cPassion with Purpose\\u201d
  • 09:25 \\u2013 Their retail is the most successful
  • 10:00 \\u2013 Cost is per pound
  • 11:00 \\u2013 Making cheese is a labor-intensive industry
  • 12:15 \\u2013 They decided to not be cheese makers, but be out of the kitchen and \\u201cstorytelling\\u201d
  • 13:15 \\u2013 All the costs behind a wheel of cheese
  • 13:40 \\u2013 Team of six or seven people
  • 14:05 \\u2013 An artisanal journey
  • 14:30 \\u2013 Telling the story of the cheese
  • 14:45 \\u2013 Skews were as high as 2000
  • 15:15 \\u2013 Most lucrative products
    • 16:15 \\u2013 Wholesale in 2015 was about half of their revenue
    • 16:45 \\u2013 Cheese of the Month Club
    • 17:15 \\u2013 Parties and catering
  • 17:45 \\u2013 Their wholesale market is more flexible for clients
  • 18:25 \\u2013 Dealing with a perishable item/shelf life
  • 19:00 \\u2013 They are looking into investors
  • 19:25 \\u2013 What they pay themselves
  • 20:20 \\u2013 They travel to cheese conventions around the world
  • 20:55 \\u2013 They want to be in control of their business
  • 21:30 \\u2013 Professional and personal life can coexist
  • 24:00 \\u2013 Antonellischeese.com
  • 26:20 \\u2013 The Famous Five

3 Key Points:

  • Make your passion your business.
  • Design a career that lets you accomplish your life goals.
  • Your professional and personal life can coexist.

Resources Mentioned:

  • Host Gator \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Freshbooks - The site Nathan uses to manage his invoices and accounts.
  • Leadpages\\xa0 \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible \\u2013 Nathan uses Audible when he\'s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • QuickBooks \\u2013 The accounting tool for Antonelli\\u2019s Cheese Shop
  • Good to Great, Uncontainable and Mastering the Rockefeller Habits \\u2013 A series of great business books that Kendall recommends.
  • Show Notes provided by Mallard Creatives
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