Estell holds OLLI 16.17: Store-level cash-on-cash return has been computed by dividing four-wall store EBITDA by store net cash investments.

This would translate to first-year four-wall EBITDA of ca.USD550,000 and an EBITDA margin of ca. 15%, putting in the top percentile performance. Management targets for new store sales of USD3.7 million and cash-on-cash return of ca. 55% in the first 12 months of operations and payback of ca. two years that includes a USD1.0 million. Despite variability in terms of store locations and demographics, OLLI's stores have been profitable on a consistent basis over the years, across economic cycles. The company adopts a highly portable flexible real estate model targeting store sizes in the range of 25,000 to 35,000 square feet. His is supported by five senior merchants who have more than 104 years of experience in aggregate, of which 87 combined years were at Ollie's.


Julianne:
Also ca. 35% of members visited an Ollie's store more than four times in a year.

Jan:
Members on average spend ca. 37% more than non-members and willingly drive up to 25 minutes to shop at Ollie's stores.

Verna:
According 2013 Census data, US has over 180 million people in this group and represent almost 60% of the population.

Christa:
The company target market is huge and includes those in the age bracket between 25-70 with a wallet or a purse.

Dodie:
It uses distinctive, self-deprecating humour with highly recognizable caricatures depicted in its stores, flyers, mailers, website and email campaigns.

Piedad:
It mostly operates out of warehouse-style store formats of ca. 34,000 square feet across 187 places spread across 16 states, which are leased with initial period of 5-7 years.

Shara:
OLLI offers a broad range of products at 70% discount to department stores and 20%-50% below mass merchants.

Erlinda:
They believe that if customers are offered a good bargain, they could be sold anything.

Katia:
According to the management, it's not about low cost goods or pricing that determines the scope to sell a product.

Lala:
OLLI help solve a critical problem faced by vendors who need to offload their excess inventory.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI)
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