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Welcome To The Profit Updates

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This blog was created to track the businesses that appear on CNBC's The Profit.  As the third season of The Profit starts on May 12th, 2015, new episodes will have updates on the day that the episode airs.  The previous two seasons will be also be tracked as to whether the businesses are still open and whether Marcus Lemonis is still invested in the business.

So stay tuned and check back as we start creating updates for the show.  It will give an insight into the success rate of the businesses that appear on The Profit.  A page that continually updates all of the businesses that have appeared on the show will be live shortly and I will do a post when it is ready.

The Profit - A. Stein Meat Products Update - Settlement Reached In Lawsuit

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Photo - CNBC
Marcus Lemonis and A. Stein Meat Products, which was featured on season 2 of The Profit, reached a settlement on April 29th, 2015 in their ongoing lawsuit.  The settlement terms were kept confidential, so it isn't clear what was agreed to by both parties, but here is a link to the court document.

For a little background on what happened before, during, and after the episode aired, here is a little timeline with some information:

  • The episode aired on March 4, 2014 and on the show Marcus offered about $200,000 ($190,000) for the trademarked brand Brooklyn Burger.
  • On March 5, 2014, Marcus posted the following message on his Facebook page:
  • "Since there are great opinions being offered up that represent both sides I thought I would clear the air.

    The offer that was made for one million is based on representations made by the two owners. They provided me data and told me what balances were. The whole they represented was around 500k. Additionally, the accounting system used here was antiquated.

    Let's be clear about this. At no point did I accuse either of them of lying. They simply told me one number and it was off by two million. All parties involved know that the check doesn't get cashed until I sign off on the financials and sign paperwork.
    Upon learning of the disastrous discrepancy I offered to still stay and help but told them it wasn't a good investment for me.
    I then was asked for money after I pulled out of the deal to fund payroll and other bills. I clearly told them that I can't just give them money. We agreed that I would buy brooklyn burger which only generated 1 million of the 50 million of sales they had. I wired the money the next day on a handshake without paperwork because they told me their word was their bond. They were able to make payroll and cover bounced checks. That was a month ago. We still have yet to finish the transfer. They have been unavailable by phone and have been busy. As you can see from the article that ran Monday, there was no mention of the delay in following thru. I trust that they will comply with our agreement. A number of negative comments on here are from family of the owners. I sympathize with the situation and as I have told them would meet in person with them including the owners.

    I would respectfully request that we don't attack their company or the owners. Business is business and it should never become personal. While I'm frustrated and disappointed in how things are being handled I have confidence that people ultimately do the right thing."
  • In May 2014, Marcus Lemonis filed a lawsuit saying he paid them $190,000 for Brooklyn Burger and never received anything.  The A. Stein owners claim the money was a loan to help out with their working capital needs. A. Stein meats was also in negotiations to sell their business to King Solomon and were going to include Brooklyn Burger in the sale.  There were 5 counts against A. Stein Meat Products and King Solomon. (All documents relating to the case)
  • According a court document (page 4), in October 2014, A. Stein defaulted on all of its debt and their assets including Brooklyn Burger were foreclosed upon by First Capital. First Capital sold the Brooklyn Burger trademarks to Hercules Food Corporation.
  • In March of 2015, the court ruled that a filmed verbal agreement does not equal a written contract and counts I through III and count V of the lawsuit were dismissed. Count IV remained open. (Page 12)
  • April 29th, 2015 - A settlement is reached on the remaining count (IV) of the original lawsuit, but the terms of the agreement are not known.

It appears that Marcus wanted the Brooklyn Burger brand more than he wanted his money returned as the documents say he was offered repayment by A. Stein.  If the terms of the agreement are made public, this post will be updated with that information.

All CNBC's 'The Profit' Business Updates

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I have put together a list of ALL businesses that have appeared on The Profit, and whether they are still open and if Marcus Lemonis is still invested in them.  This list will be kept up-to-date and will be updated as more episodes air and when businesses are closed, sold, etc.

There is a tab at the top of the webpage called "CNBC's The Profit Updates," or here is the direct link to the page.  This page has each episode listed, along with the status of the business, whether Marcus Lemonis is invested in the business, and any relevant links.  So head over to there to see the detailed analysis of all businesses that have appeared on The Profit.

Also, keep an eye out for detailed updates for upcoming episodes and past episodes on this blog and Follow Us on Twitter or Like Us on Facebook.

The Profit - SJC Custom Drums Update

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On the season 3 premiere of The Profit, Marcus Lemonis is in Southbridge, Massachusetts with the hopes of making a deal with SJC Custom Drums.  Despite a massive following, they have issues with inventory, turn around time for their product, low margins and working capital.  Mike and Scott are two brothers that founded the company and Mike actually bought out Scott because they could not coexist.

Let's take a look at some information related to SJC Custom Drums as well as what kind of deal was made on the show.


News and Links Related To The Company:
  • The episode seemed to be filmed in January 2015 as the convention they were at was held at that time.
  • Here is the SJC Custom Drums website, which has been recently updated according to the site.
  • Here is the SJC Custom Drums Facebook Page, which has over 250,000 likes.  They are also pumping up their episode of The Profit, so that most likely means a deal was made.
  • Here is the SJC Custom Drums Instagram, Twitter, and Youtube
  • Here is an extended sneak peak of the episode from the CNBC website.  
  • An article about SJC Drums in April 2014 said they had a new COO and decreased their turnaround time from six months to two months.  This article actually became the About section of the SJC website.
  • Here is a video of the SJC mission statement if you are interested.  They also give monthly updates on their business on Youtube.
  • Scott and Mike actually had a reality TV show on the Halogen TV called Drum Heads, which premiered in October 2012.


The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
  • The Deal - $400,000 for 33% of the business and Chris gets 33% of the business.  $300,000 goes to liabilities and $100,000 goes in the bank.
  • They have kept the concept of Good, Better, and Best drum kits and offer them for sale on their website (Link).
  • It doesn't appear that there are any SJC drums on the Sam Ash website.  Marcus confirmed the deal didn't work out - Link.
  • Scott is not a partner in the business, but does some consulting. (Link
  • A press release about the partnership said that their new manufacturing process has increased drum kit production from about 40 per month to over 100 per month. (Link). 
  • Updated 10/2015 - In addition to the Good, Better, and Best drum kits, they also sell additional ones (Garage, Wild Card, Signature Series).  The website also sells accessories and SJC drums apparel. 
  • Update 1/19/16 - It appears that Scott is no longer involved in the business. (Link)


*To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.

The Profit Season 3 Update Episode - Coopersburg Sports, Key Lime Pie Co., Artistic Stitch, and Unique Salon & Spa

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Tonight on a new episode of The Profit, there will be an update on four businesses that have appeared on season two of the show.  Marcus Lemonis will be revisiting Coopersburg Sports, Key Lime Pie Co., Artistic Stitch, and Unique Salon & Spa and will give updates on which businesses have flourished and which have gone south since being on the show.

From The Profit Updates Page, some information is already known about each of the businesses, and during the episode any new updates will be added below.

Coopersburg Sports
  • Info already known:
    • Still open and has expanded into more product lines with Coopersburg Products LLC.  
    • They appear to have licenses with the NCAA, NFL and NASCAR
  • Other information revealed on update episode:
    • Marcus' actual money invested in the company was $1.4 million for payables, the new lease and new inventory.
    • Additional profit of $75,000 per year due to their new warehouse process
    • Sales increased from about $2 million to $3 million in a calendar year and the margins are also up around 12%.

Key Lime Pie Company
  • Info already known:
    • Has great online reviews and sells a lot of pies through their website
    • Has partnered with Crumbs Bakery (who Marcus is also invested in) to offer frozen Key Lime pie bars. 
    • Marcus has given Tami 25% stake in the company.
  • Other information revealed on update episode:
    • Went from losing $100,000 a year to making money.
    • Marcus' investment almost doubled due to issues he did not know about when the original deal was made.
    • Went from $1 million in sales to about $1.2 million in sales and margins increased from 15% to 35%.  Went from 100k loss to a 100k profit.
    • Jim and Alison were bought out and are not involved into the day-to-day operations.

Artistic Stitch
  • Info already known:
    • The business is still open but is not listed on Marcus Lemonis' website.  So this is expected to be a deal that went south.
  • Other information revealed on update episode:
    • Sal and Nick started taking a salary which wasn't negotiated.
    • They didn't use any of the money Marcus provided to pay the landlord past due rent, so Marcus cut ties.
    • The basketball court was back in operation and the printer was sold to someone.
    • Marcus gave Sal a 1099 tax form from his investment.

Unique Salon & Spa
  • Info already known:
    • Still open and both the salon and the hair care line "Erika Cole by Raquel" seem to be doing well.
  • Other information revealed on update episode:
    • Unique Salon & Spa was named one of the top 20 salons in America.
    • Carolyn is still acting as General Manager but is not always taking her paycheck.
    • Sales in 2014 were $1 million and the projected sales for 2015 are about $1.4 million and margins have increased.

The Profit - Tonnie's Minis Update

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On tonight's episode of The Profit, Marcus Lemonis is in Inwood, New York with the hopes of making a deal with Tonnie's Minis.  Tonnie's Minis is a struggling cupcake shop that has had to close a few of its stores.  They once had large corporate accounts, but now have a business that is in debt and that has been using Tonnie's wife's money to keep it afloat.  Marcus, who also owns the Crumbs cupcake chain was attracted to Tonnie's due to his build-your-own cupcake concept.

Let's take a look at some information related to Tonnie's Minis as well as what kind of deal was made on the show.

News and Links Related To The Company:
  • Here is the Tonnie's Minis website.
  • Here is the Tonnie's Minis Facebook Page and Twitter Page.
  • Here is an extended sneak peak of the episode and a business profile video of Tonnie's Minis from the CNBC website.
  • According to a DNAInfo article, The Inwood shop featured on the show closed multiple times due to bad business decisions and issues with the Health Department.  The shop reopened in October 2014.  The Inwood location was originally for custom cake orders with cupcakes being  sold on the side, but Tonnie decided to add the build-your-own cupcake concept made popular at his Harlem location.
    • Also revealed in that article is that Tonnie had a deal with Dallas BBQ to bake 60,000 cupcakes a week for their 11 NYC restaurant locations.  This overwhelmed his staff and his stores took a backseat, which forced the closures of the cupcake shops.
    • Tonnie rented out kitchen space in the Bronx to help deal with the demand of wholesale business.
  • Here are the latest reviews for Tonnie's which are mixed.
  • Tonnie's is currently offering Groupon deals for their cupcakes. (Link)
  • According to the Tonnie's Minis Facebook Page, they are looking for a location in Harlem. (Link)
  • Tonnie and Marcus Lemonis were in talks with Macy's about possibly opening up a store in their Herald Square location. (Link)


The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
  • Marcus' initial offer - $100,000 for 20% of the business. Money would be used to satisfy debt and to update the Inwood location.  Tonnie envisioned $600,000 for 33% of the business.  
  • The Deal - Marcus' offer was then upped to $125,000 for 25% of the business, which was accepted.
  • The baking was outsourced to Melita bakery in the Bronx.  This bakery had to lay off 75 employees when Crumbs bakery filed for bankruptcy (Link).  There is a tie there with Crumbs/Marcus, so perhaps he did this as a favor.
  • Tonnie is working to get out of the lease in Newark. (Link
  • Tonnie's Minis is working on launching other minis such as danishes, cookies, muffins, brownies, etc. (Link)



*To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.

The Profit - Standard Burger Update

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On tonight's episode of The Profit, Marcus Lemonis is in Staten Island, New York with the hopes of making a deal with Standard Burger.  Standard Burger is a burger restaurant co-owned by four friends who no longer get along.  They all have other jobs and no one is there to run the day-to-day operations of the restaurant.  The restaurant is losing $5,000 to $6,000 a month, and Sammy(an owner) has been emailing Marcus Lemonis for two years trying to get on The Profit.

Let's take a look at some information related to Standard Burgers as well as what kind of deal was made on the show.


 News and Links Related To The Company:
  • Here is the Standard Burger website and their menu.  For some reason the domain name has an 'S' on the end of burger and the address is www.standardburgers.com.
  • The cupcakes on the menu are now from Crumbs Bake Shop and the ice cream is from Mr. Green Tea, which are also owned by Marcus Lemonis. (Link)
  • Here is the Standard Burger Facebook page and Twitter page.
  • Here is the extended sneak peak and the business profile video of Standard Burger from the CNBC website.
  • An article about the episode said that Marcus Lemonis invested $500,000 in the business and that Sammy Lazoja emailed him every day for over two years with about 1,000 total emails.
  • Standard Burger is having a grand re-opening party on June 6th.
  • Here are some pictures of Standard Burger after The Profit visit.
  • Here are the most recent Yelp reviews, which are not that great.  There are a lot of complaints about high prices and some complaints about the limited menu.
  • In a recent interview with owner Joe after the makeover, he said they were trying to get on the show since they opened in 2012.  Also since The Profit was filmed, the relationship between all of the owners has been much better.  His goal is to have Standard Burgers in every major city.
  • Pretty random, but Joe was a contestant on The Newlywed Game.


The Deal From The Episode Plus Post-Show Updates (this will be updated continually):

  • The Deal - $15,000 for each of the owners and $130,000 to pay past due bills and put money in the bank for 30% of the business.  Fuji needed to be apart of the deal and was given 10% of the business. 
  • The website is new and Standard Burger has a new logo.
  • Fifty-two seats were added outside to increase business during the warmer months.
  • Standard Burger no longer carries any frozen food. (Link
  • The address of Standard Burger came up in a real estate listing and it appears the property is listed for sale at $2,100,000. (Link
  • Marcus owns the rights to the restaurant concept across the country. (Link
    • Update - He will own 85% of any new Standard Burger locations. (Link
  • June 15th update from CNBC site - Business is increasing steadily and they are doing $4,500 to $5,000 a day.  They are also looking to open another location. 
  • In August 2015, Standard Burger won best burger in a "Battle of the Burger" challenge in NYC.  Marcus Lemonis was there and there is a vote by the attendees to determine the winner, so his presence and the Standard Burger crew going around for votes probably helped. (Link
  • Updates from 12/1/2015 Standard Burger Update Episode:
    • Marcus has now invested over $400,000 in Standard Burger to make it a model for a national franchise. 
    • Marcus made Joe step down from his managerial job, but he is still a partner in the business. 
    • Marcus claims the $15 hot dogs are selling like hot cakes. (Link)

      
    *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.

    The Profit - Fuel Food Update

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    Photo - CNBC
    Tonight on The Profit Marcus Lemonis is in West Palm Beach, Florida with hopes of making a deal with Fuel Food.  Fuel Food is a company that provides fresh, healthy meals that are delivered to customers.  Despite increasing sales, Marcus feels that the corporate culture of Fuel Food is off and they could improve their shipping process.  Also, it isn't too clear who is invested in the business.

    Let's take a look at some information related to Fuel Food as well as what kind of deal was made on the show.



    News and Links Related To The Company:
    • Here is the Fuel Food website
    • Here is the Fuel Food Facebook page and Twitter page
    • Here is an extended sneak peak of the episode and a business profile video of Fuel Food from the CNBC website.
    • Here is an interview with Erik on the local news in 2014.  He says 90% of customers stay for life and they had about 90 employees working at the time of the interview.
    • According to the Fuel Food website, they are partners with the Miami Heat and sponsor athletes such as UFC fighter Thiago "Pitbull" Alves.  There are over 30 athletes listed on their sponsored athletes page.
    • Erik Leander was a professional boxer and has a record of 11-2 and has a nickname of "The Viking".  Here is Erik's Facebook page.
    • Fuel Food held a contest (Link to contest) called National Miss Fuel Food Model Search with the winner getting over $25,000 worth of prizes.  The prize consisted of "$12,000 promotional modeling contract with FuelFood, $12,000 worth of FuelFood delivered weekly to your door, and a 1 year gym membership with a gym near you."  The winner was crowned on April 15th.
    • Supposedly someone named Paul Schumak was an investor in Fuel Foods, and he got in trouble for a Ponzi scheme in Florida.  There is also a Facebook Page set up for investors in the scheme to complain/get updates on the situation.  A complaintsboard website and that Facebook page claim money from the Ponzi scheme was used to invest in Fuel Foods.  A document (page 14) says $779, 216 was given to Fuel Foods Inc.
      • An article in the Palm Beach Post states, "Schumack, charged along with Joseph Signore and Signore’s wife Laura, agreed last year to voluntarily transfer to a court-appointed receiver all his assets, including shares of Fuel Foods....When asked about Schumack’s investment in his company, Leander at first reveals only that there is a “receiver issue” with a major shareholder who owns 46 percent of Fuel Foods"
    • Here are the most recent Yelp reviews for Fuel Food.  Pretty much every review is 1-star and there are complaints about people having trouble canceling their plans and getting overcharged on their credit cards.  People also complain about the food quality and customer service.

    With the Ponzi scheme investor background, money still being spent on models, and terrible Yelp reviews, I would expect no deal to be made in this episode.


    The Deal From The Episode Plus Post-Show Updates (this will be updated continually):  


    • Marcus' initial offer - $300,000 for 51% of the business - To pay off the debt of about $200,000 and provide $100,000 of working capital.  He will also need the other shareholders to sign off on the deal.
    As expected, the deal went bad and Marcus walked out.  Of course it was due to the Ponzi scheme investment in Fuel Foods, and there is more information about that above.

      *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit

        The Profit - Grafton Furniture Update

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        Tonight on The Profit Marcus Lemonis is in Miami, Florida with hopes of making a deal with Grafton Furniture.  Grafton Furniture is a high-end custom furniture business that has been in business for over 50 years.  They are fairly successful but think they can improve and expand by improving their process.  They are still using older equipment  and the owner is resistant to change, but they would like to decrease their lead time in making the custom furniture.

        Let's take a look at some information related to Grafton Furniture as well as what kind of deal was made on the show.



        News and Links Related To The Company:
        • Here is the Grafton Furniture Facebook Page
        • Here is the Grafton Furniture website, which was redesigned and now features The American Dream Collection.
        • Here is an extended sneak peak of the episode and a business profile video of Grafton Furniture from the CNBC website. 
        • Here are some reviews for Grafton Furniture on Houzz.com and they are all positive.
        • Marcus has said that this episode may be his favorite episode ever of The Profit
        • Here is an article in the Miami Herald that has an interview with Marcus Lemonis about this episode.  Some things revealed:
          • Grafton, which specializes in high-end custom pieces, was doing pretty good financially, but Marcus decided the clientele needed to expand.  He did this by changing the product and creating a new line of furniture that is non-custom called The American Dream.
          • Marcus found a warehouse and turned it into a state of the art factory and invested about $1.5 million in the business.

        The Deal From The Episode Plus Post-Show Updates (this will be updated continually):  
        • The Deal - $1.5 million for 45% of the business, full financial control, and 100% say on Steven's role in the business.
        • The state of the art factory referenced above is probably be the showroom that was renovated, so I will find out if that is the case or if there is a new location. 
        • On June 15, 2015 Steve Grafton was pictured with Direct Buy's Vice President of Merchandising, so the deal to sell The American Dream Collection probably went through. (Link
        • Sadly founder Esteban Grafton passed away on July 1st, 2015.


        *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit

        The Profit - Precise Graphix Update

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        Tonight on The Profit Marcus Lemonis is in Emmaus, Pennsylvania with hopes of making a deal with Precise Graphix.  Precise Graphix is a company that specializes in retail custom design, manufacturing, and retail services.  They help companies with brand development and also provide options for custom millwork services.  The company is losing money despite generating millions of dollars in sales.

        Let's take a look at some information related to Precise Graphix as well as what kind of deal was made on the show.



        News and Links Related To The Company: 

        • Here is the Precise Graphix website
        • Here is a 30-second preview of the episode and a business profile video of Precise Graphix from the CNBC website.
        • According to this article, the episode was filmed in March 2015.  The owners said since Marcus came, the business has "expanded its reach across the country, added clients and hired eight workers. It's also buying new equipment and looking for a larger facility."   The owners also stated they couldn't be happier and now have a backlog of work.
        • There is a company in West Chester, PA called Precision Graphix, but it does not seem to be affiliated with Precise Graphix.  They also do custom signs, storefront displays, etc.
        • A partnership between Epson and The Profit was announced today (June 30th) and Precise Graphix uses an Epson printer to ensure accuracy and avoid installation mistakes on the episode.  (Link)

        The Deal From The Episode Plus Post-Show Updates (this will be updated continually): 
        • The Deal - Marcus valued the company at $270,000 and offered $270,000 for 33% of the company and 100% in charge of all of the future decision making.  They also had to prove they could do one job with precision.  That job was redo the signage and design of a local Camping World (Marcus is CEO of the company) store in three weeks.
        • As stated above the business has expanded their reach across the country and has hired additional workers.
        • They have picked up Standard Burger (from the same season of The Profit) as a client.
         

        *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit

        The Profit - The Lano Company Update

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        Tonight on The Profit Marcus Lemonis is in Kansas City, Missouri  with hopes of making a deal with The Lano Company.  The Lano Company is a cosmetic company that uses lanolin in its lip balm products.  The company grew from owner Miranda Coggin's kitchen in 2005 into a business with over $3 million in revenue.  Despite the high sales, the owners keep expanding into new products and have issues with their branding.  The Lano Company is currently making a profit, but believe they have a lot of room to grow.
         
        Let's take a look at some information related to The Lano Company as well as what kind of deal was made on the show.


        News and Links Related To The Company:

        • Here is The Lano Company business profile video and an extended sneak peak of the episode from the CNBC website.
        • Here is The Lano Company website (which now redirects to the Pure Cosmetics website), a Pure Cosmetics website and Glam Cosmetics website which are product lines of the company.  Also, here is a Lano Lip website.
        • Here is their Facebook Page which is promoting the upcoming The Profit episode, and here is their Twitter page.
        • Here is an article from 2011 that has a lot of background on the company, how it was created,  and how it has grown.  It also talks about the troubles along the years such as large amounts of unsold inventory.
        • The company's products are available on Amazon - Here are the Pure Illumination Products and The Lano Company Products.  Most of the reviews are in the 4 to 5 star (out of 5) range.


        The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
        • Initial Offer - $500,000 to be used as working capital for 30% of the business.  This was countered with $500,000 for 20% of the business.
        • The Deal - $500,000 for 20% of the business, where Marcus gets 10% of his money back for ten years until the $500,000 is reached ($50,000 per year).  They will also share the profits 80% to 20% with Marcus getting 20%.
        • Here is a link to the new website - Pure Lano.  Also, here is a link to their new Facebook Page.

        *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.  

        The Profit - Sweet Pete's Continues Expansion

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        Sweet Pete's candy shop, which was featured on season 2 of The Profit has announced they acquired a candy business to expand into Lake Forest, Illinois.  They acquired Jolly Good Fellows Sweet Boutique in Lake Forest, which they will convert into a full-service Sweet Pete's Candy Shop.  Co-Owner Allison Behringer stated in the press release:
        "Over the past 12 months we have experienced tremendous growth based on having the proper people, process and product at our Jacksonville, Florida facility and we will be reviewing additional markets across the country and opportunities in which to expand our Sweet Pete's brand." 
        The new Lake Forest location will have a candy factory, dessert bar, and a 2,000 square foot event room for catered events, candy making classes and birthday parties.  As Marcus Lemonis is local to Chicago, you would expect him to be involved quite a bit with the new Lake Forest store.

        Sweet Pete's original location was in Jacksonville, Florida which was the location featured on The Profit.  During that episode Marcus Lemonis made a deal to become a 50% partner.  Since the episode aired, Marcus bought a mansion in downtown Jacksonville and renovated it.  This 23,000 square foot location now houses Sweet Pete's and has become a local attraction with tons of positive reviews.

        The press release states that this Lake Forest acquisition kicks off a "national expansion," so it will be interesting to see if Sweet Pete's expands into other cities.

        The Profit - Bentley's Corner Barkery Update

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        Tonight on the season premiere of The Profit Marcus Lemonis is in Chicago, Illinois with hopes of making a deal with Bentley's Corner Barkery.  Bentley's Corner Barkery is a small chain of natural pet food stores that is growing too quickly for its own good. They also are stubborn in the way they choose the pet food companies that sell in their store.  Marcus needs to help the husband and wife owners "sharpen their focus and strengthen their execution" to make their business more successful.
         
        Let's take a look at some information related to Bentley's Corner Barkery as well as what kind of deal was made on the show.

        *This episode is a special early premiere with limited commercial interruption that is scheduled to air after the Republican Presidential Debate.  It will re-air on November 3rd in The Profit's usual timeslot on Tuesday's at 10pm ET/PT.

        News and Links Related To The Company: 
        • Here are some preview videos of the episode from the CNBC website - Video 1, Video 2, Video 3, and Video 4
        • Here is the Bentley's Corner Barkery website, and they currently have 7 locations with another opening soon in Westchester, IL.  They promise their pet foods are always all-natural, quality, with no chemical preservatives, no by-products, and no corn, wheat, or soy.
        • They offer their products for sale on their website, and they have competitive prices with places such as Amazon, however shipping large bags will cost you a good amount of money vs. Amazon.
        • Here is the Bentley's Corner Barkery Facebook Page and Twitter Page.
        • Bentley's announced that they are moving their Arlington location (the original location) next year due to not being able to come to an agreement with the landlord.  They are moving about a block away after being in their original location for over 7 years. (Link)
        • Pretty much all of their locations of Bentley's Corner Barkery have about a 5-star (out of 5) rating on Yelp (Link).  They also have a ton of 5-star reviews on their Facebook page, so people really love the stores.

        The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
        • The Deal - $1.7 million in 2 checks. $400,000 equity check for working capital and IT infrastructure and $1.3 million to fund acquisition and the conversion of locations for 40% ownership.  If they pay off the $1.3 million for the acquisition, the ownership stake drops back down to 25%.
        • As stated above, their flagship Arlington store will be moving to a location a block away early next year due to not being able come to an agreement with their landlord.
        • Fresh Pet food, which is the factory they visited on the show, is not available for sale on the Bentley's website, so it appears they decided not to sell it. 
        • The show stated that the Arlington store has increased daily revenue to about $5,000 per day.
        • The acquisition talked about on the show is on track to close in January 2016 according to Marcus. (Link
        • UPDATE 11/5/2015 - The acquisition of the Pet Stuff retail chain by Bentley's Corner Barkery was announced today.  Pet Stuff is in the Chicago area and has 7 locations and with Bentley's 8 locations, it makes for 15 locations combined. (Link
        • UPDATE 2/11/2016 - Bentley's Corner Barkery changed its name to Bentley's Pet Stuff after the acquisition.  Bentley's Pet Stuff now has 15 locations and 7 more planned.  They also plan to expand to even more locations.
          • On the same date, Marcus announced they acquired Paw Pack, which sends healthy pet products monthly, and here is a video of them making a deal.  Also in the video is the plans for Bentley's expansion into other areas such as Milwaukee and Las Vegas. 


        *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.  

        The Profit - Denim & Soul (Blues Jean Bar) Update

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        Tonight on The Profit Marcus Lemonis is in San Francisco, California with hopes of making a deal with Blues Jean Bar.  Blues Jean Bar is a denim retailer with the concept of serving jeans at a bar setting rather than drinks.  The business is suffering from poor management and overly aggressive expansion.  At one point they expanded to 13 stores, but now there are only three stores remaining.

        Let's take a look at some information related to Blues Jean Bar as well as what kind of deal was made on the show.


        News and Links Related To The Company:
        • Blues Jean Bar was re-branded as Denim & Soul during the episode.  Here is the new Denim & Soul website.  The About Us section of the website says the Courage b (previously on The Profit) owners helped with the transition to the new brand as well.
        • Here is the Blues Jean Bar Facebook Page, which hasn't posted since August.  There is no Denim & Soul one as of writing this.
        • Their old website www.bluesjeanbar.com redirects to a not found website at the moment.
        • Here are the Yelp reviews for each of the locations, which are mostly positive: Chicago Reviews, Dallas Reviews, San Francisco Reviews
        • The Chicago Blues Jean Bar was robbed at knife point in June 2015. (Link)
        • Marcus Lemonis has been promoting a charity blue jeans drive where people donate jeans they no longer wear.  A lot of the businesses Marcus has invested in are participating in the jean drive and if you donate, you receive a 10% discount at that store. (Link with more information)

        The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
        • The Deal - Initial offer - $800,000 for 50% of the business to go towards paying vendors and working capital.  Lady countered by asking for $1 million for 40% ownership.  Finally, they were able to settle on $900,000 for 50% of the business with Marcus controlling how the money gets spent.
        • The Denim & Soul website lists 3 current locations (1 in Chicago, 1 in Lake Forest and 1 in San Francisco) and says 3 more are coming soon - (1 in Jacksonville, 1 in Dallas, and 1 in Atlanta). 
        • The Chicago store was closed for about 3 months to remodel and rebrand and reopened in the fall.  Since reopening as Denim & Soul, sales are up 20% to about $120,000 per month.  This store is now a model for the chain Denim & Soul. (Link)
        • UPDATE 11/15/2015 - Expect some announcement soon about a partnership or something between Courage b (season 2) and Denim & Soul.  The Denim & Soul Atlanta site points to the Courage b website (Link) and the Courage b store in Lake Forest is now a Denim & Soul (Link).  Marcus responded "stay tuned" to both of those tweets, so we will probably hear something soon.


        *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.

          The Profit - Kensington Garden Rooms Update

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          Tonight on The Profit Marcus Lemonis is in El Dorado Hills, California with hopes of making a deal with Kensington Garden Rooms.  Kensington Garden Rooms is a company specializing in hand crafted luxury gazebos and was started by two friends from England.  Their relationship is currently at a breaking point due to the business having inefficient processes and poor workplace conditions.  Their warehouse is in the middle of an almond farm and there is no working bathroom in the facility. 


          Let's take a look at some information related to Kensington Garden Rooms as well as what kind of deal was made on the show.

          News and Links Related To The Company:  
          • Here are some videos from the episode on the CNBC website - Video 1, Video 2, Video 3, Video 4.
          • Here is the Kensington Garden Rooms website, and the About Us section of the website says they are "the number one manufacturer of luxury hand crafted, cedar garden rooms/gazebos based in Northern California."
          • Here is the Kensington Garden Rooms Facebook Page, and they are advertising their appearance on The Profit guaranteeing lots of drama and emotion.
          • Kensington Garden Rooms has ten total reviews on Yelp (3 filtered), and all of them are 5-star reviews (out of 5) with people raving about their gazebos. (Link)


          The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
          • Marcus gave Kensington Garden Rooms three weeks to find a new facility and come up with a plan that uses some of their money in the bank.  Marcus would come back after the three weeks and decide whether or not to make a deal.
          • Marcus' initial offer - He gave them 2 choices -$150,000 for 12% of the company but dillution comes from Kab's ownership and $150,000 to put into the company, and Marcus and Kab split his share. 12% each.  Jack owns 10% of the company as part of this deal.
          • The Deal - $150,000 and Marcus and Kab will own 12% of the company each.  Jack increases his ownership to 10% of the company as part of this deal.
            • Later Kab was offered to be bought out of his share percentage by Marcus for $250,000, but Marcus took that off the table after Kab wanted money for his son.
          • The highest priced Gazebo currently on the True Value website is $395.  It doesn't appear there are any Kensington Garden Room gazebos on the True Value website.  
          • The specific local True Value Store (B & C True Value) has posts on their page about The Profit, so that is probably the only store they were sold at. (Link)
          • Marcus did a Periscope after the episode (Link), and revealed some things.  He said Kab is still invested in the business and Marcus has no plans of buying him out.  He also said he doesn't think this business is scalable to expand all over the place. 
          • 12/7/2015 - It appears Kensington Garden Rooms is installing gazebos at Marcus' Camping World locations (Las Vegas, Valencia)


          *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.   

          The Profit - Da Lobsta Update

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          Tonight on The Profit Marcus Lemonis is in Chicago, Illinois with hopes of making a deal with Da Lobsta.  Da Lobsta is a fast casual restaurant that also has a food truck specializing in lobster rolls and other lobster dishes.  While Marcus is there, he finds there is tension among the employees with conflicts between the front and the back of the house.  Also, the owner J is using money from the business for his personal eating and entertainment expenses.  The financial situation of the business has also strained the relationship between J and his father.

          Let's take a look at some information related to Da Lobsta as well as what kind of deal was made on the show.

          News and Links Related To The Company: 
          • Here are some videos of the episode from the CNBC website - Video 1, Video 2, Video 3, Video 4
          • Here is the Da Lobsta website and their menu.
          • Here is the Da Lobsta Facebook Page and here is their Twitter account for the food truck.
          • There are currently 2 locations of Da Lobsta as well as a food truck that roams Chicago.
          • Here are the Yelp reviews for Da Lobsta River North location which are mostly positive and have a 4-star average. (Link
          • Here are the reviews for the French Market location that are also mostly positive with a 3.5 star average. (Link)
          • In a 2014 article, J said in the first year of Da Lobsta, both locations grossed $1.2 million combined and turned a profit. 
          • J Wolf raised $70,000 in April 2014 through the site Bolstr to help fund a Da Lobsta food truck.  He was able to repay the loan within seven months and said the food truck would help him test his concept in different parts of the city to scout locations for another brick and mortar Da Lobsta. (Link)
          • In November 2014, Da Lobsta raised an additional $150,000 on Bolstr from the same investors to help open its River North location.  You do not give up any equity on Bolstr, so it is pretty much a business loan from investors. (Link)
          • According to this article, J Wolf said the investors were looking for 25% return on their loan.  He said, "It's high, but it's better than going to a bank. It would take forever, if they'd even lend."

           The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
          • Initial Offer - Marcus offered $210,000 for 51% of the business that requires the sale of one of the brick and mortar locations, and to help pay J's father back.  J would have no access to the cash and Marcus would be in charge.  J would be also be put on a salary of $60,000.
          • J rejected this offer and Marcus walked out on the deal. 
          • J did not reach out again to Marcus after he left. (Link)


          *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.   

          The Profit - Betty's Pie Whole Update

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          When the deal fell through for Da Lobsta on the latest episode of The Profit, Marcus Lemonis was in Encinitas, California with hopes of making a deal with Betty's Pie Whole.  There are two locations of the business, and they are not bringing in a profit for the owner Betty.  Also, it seems that Betty doesn't know her business and doesn't even have recipes written down.

          Let's take a look at some information related to Betty's Pie Whole as well as what kind of deal was made on the show.

          News and Links Related To The Company:
          • Here is the Betty's Pie Whole website.
          • Here is the Betty's Pie Whole Facebook page.
          • Here are the Yelp reviews of Betty's Pie Whole, which are pretty positive and have a 4.5 star average (out of 5).
          • Here is the Elizabethan Desserts website, which has a message that they have stopped making custom cakes or cupcakes.  The store is listed as closed on Yelp.  Here is the Facebook Page for Elizabethan Desserts where people are wondering what is going on with the business.

          The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
          • The Deal -  $75,000 for 25% of the business that will go towards working capital and to fix the process in the kitchen.
          • As stated above, the 2nd location of Betty's business called Elizabethan Desserts seems to still be closed.

            *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit

            The Profit - Wick'ed Candle Company (Biren & Company) Update

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            Tonight on The Profit Marcus Lemonis is in Los Angeles, California with hopes of making a deal with Wick'ed Candle Company.  Wick'ed Candle Company is a niche candle company created by Samantha Schacher and her husband Mark, which is struggling to break into the market.  Despite being in some larger retailers, they have yet to make a profit and their working capital is dwindling.

            Let's take a look at some information related to Wick'ed Candle Company as well as what kind of deal was made on the show.

            News and Links Related To The Company: 
            • Here are some preview videos of the episode from the CNBC website - Video 1, Video 2 - Extended Sneak Peak.
            • Here is the Wick'ed website, which is currently down, but has a message stating it will be back up when the episode airs.
            • Here is the Wick'ed Facebook page and Twitter page.
            • The company was started by Samantha Schacher, who you may recognize from television.  She is a co-host on Dr. Drew on Call, and here is her IMDB profile for her work as a producer/actress.
            • On Samantha's website, she said she founded the company because her and her husband were searching for a distinct candle for their wedding which they couldn't find on the market, so they decided to create it themselves and formed a business.
            • Wick'ed does have candles for sale on Amazon, and here is a link to what is available. 

            The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
            • The Deal - $200,000 for 33% of the business.  The money will be for inventory, new designs and packaging and to pay Mark's dad back.  Marcus is also 100% in charge.
            • The company was renamed to Biren & Company and the Wick'ed website has been updated with the new name. 
            • On the website, there is a Sweet Pete's Line of Candy Candles.  Sweet Pete's is a business that was also on The Profit.


            *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.  

            The Profit - KOTA Longboards Update

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            Tonight on The Profit Marcus Lemonis is in Denver, Colorado with hopes of making a deal with KOTA Longboards.  KOTA Longboards is a skateboard company owned by former US Navy pilot Mike Maloney that specializes in handcrafted high quality longboards.  The problems the company faces include a high employee turnover rate and a limited production line.  Also, Marcus brings in skateboarding legend and entrepreneur Rob Dyrdek to offer some advice on this episode.

            Let's take a look at some information related to KOTA Longboards as well as what kind of deal was made on the show.

            News and Links Related To The Company: 
            • Here are some preview videos of the episode from the CNBC website - Video 1, Video 2, Video 3, Video 4, Video 5, Extended Sneak Peak.
            • Here is the KOTA Longboards website and here is their Facebook Page.
            • KOTA stands for Knights of the Air .
            • The company was started in 2012 when Mike lost his job and decided to start the company.  He thought longboards should appeal to a larger demographic.
            • In January 2015, KOTA Longboards won a $150,000 grant from Chase.  The grant was one of 20 (out of 25,000 applicants) awarded by Chase and the grant aims to help entrepreneurs take their business to the next level (Link).
            • In that article, Mike said business increased 240 percent in 2014, and he has a broad target demographic of 10- to 60-year-olds, 40 percent of them female.
            • The company had a Kickstarter campaign in June 2015 to try to raise $56,000 for a custom CNC machine that screws trucks on the bottom of the longboards. They fell short by only raising $12,300. (Link)
            • The company does a lot of work with military charities and hires a lot of veterans.
            • KOTA longboards are available for sale on Amazon.com.

            The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
            • The Deal - $300,000 for 40% of the business to be used to pay Josh his $50,000 back and the rest would to go towards working capital.  The 40% of the business would be divided up where Marcus gets 25%, Chris gets 5%, Sandy gets 5%, and Josh gets 5%.  Marcus is 100% in charge.
            • When Marcus came back, Mike wanted to renegotiate a deal and Chris had quit.  Mike wanted to only give up 10% to the employees.  Marcus countered with 35% for himself if the employees were only getting 10%.  They finally settled on the original deal again. 
            • Marcus ended up walking out on the deal due to Mike and the high employee turnover rate.
            • The price point for the boards is still $329 for a finished board on the KOTA website and there is no smaller version of the longboard available.

              *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit

              The Profit - Vision Quest Lighting Update

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              Tonight on The Profit Marcus Lemonis is in Ronkonkoma, NY with hopes of making a deal with Vision Quest Lighting.  Vision Quest is a custom-lighting company that is suffering from slumping sales.  Marcus finds that there is also a large inventory problem and owner Larry is having a hard time getting rid of the inventory.  Larry also has cut a lot of his staff and has borrowed money for the business out of his kid's college fund.

              Let's take a look at some information related to Vision Quest Lighting as well as what kind of deal was made on the show.


              News and Links Related To The Company:
              • Here are some preview videos of the episode from the CNBC website - Video 1, Video 2, Video 3, Video 4, Video 5, Extended Sneak Peak.
              • Here is the Vision Quest Lighting website, which states the company "was founded over ten years ago by Larry Lieberman and has grown to become one of the largest custom lighting manufacturers in the United States."
              • Here is the Vision Quest Lighting Facebook Page, which doesn't post too often.
              • Here is a 39 page product catalog from their website, but the URL says 2012-2013, so I am not sure how up-to-date it is.
              • In 2013 Vision Quest acquired the rights to manufacture Lighting & Electronic's product line. (Link, Facebook Link)
              • A review on Glassdoor.com from a part-time worker had pros of working for Vision Quest as "easy get a job there...Fun at first, but then get bored. - Easy going people - Easy work."  The cons were "No direct management. People just come and go. I wouldn't recommend a friend to work there. Working there is like a roller coaster - busy one week, slow for 3 weeks. Need to schedule and distribute work appropriately. - Poor management - No order - things get chaotic all the time."

              The Deal From The Episode Plus Post-Show Updates (this will be updated continually):
               
              • The Deal: $375,000 for 50% of the business to hire new people, pay down debt, and put money towards working capital.
              • Vision Quest Lighting provided lighting for the Sweet Pete's location in Chicago, which opened in November 2015. 
              • Marcus also hinted that Vision Quest Lighting and Precise Graphix (season 3) will work together in the future. (Link
              • Some of the new equipment on the show was financed and some was leased. (Link)

              *To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter  to stay up to date with all things involving The Profit.  
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