In this episode of 'The Profit', Marcus Lemonis tries to help the owners of a Greek sandwich shop chain with failing franchisees about to revolt in Pennsylvania. The Profit All-New Tuesdays 10p ET/PT
I enjoy learning about the business sector. It has helped me better understand how to run a business. I am the director of a non-profit, and I need to see our organization as a business. Thanks for helping me.
Man he's so smart. Marcus is like a therapist and a business master. I feel like this is also why singular therapy doesn't really work: because the issues always stem from the family dynamic and usually past trauma. So even if the person can handle it better, the problems are mostly still there.
So true. I love how he breaks down so many industries. Tells you what margins should be ,how to get there etc you name it. Hard to fail when he is telling people what to do. He tells what food etc has the best margins. I used to take off from my 3rd shift job on Tuesdays to watch the profit and Wednesdays for shark tank. The company was happy that was our two slowest days. Lol
These people had nothing: no recipes, no simple rights to the name, no great relationship with the franchisees. Marcus could, and would, have just opened a restaurant the way he envisioned it, without any former owners getting a big cut for doing, essentially, nothing...That is, he'd have done it, but for the purposes of having a reality-TV show...
Its really hard to make a profit from a franchise if: All your moneymakers are frozen Franchises don't receive help, guidance or assistance of any kind The only time they see the owners is when they collect a check There is no uniformity in business aesthetics or model Location choices aren't done as a team No equity buy in noted in contract to recoup franchise investment The owners realized that they have a trademark issue after they franchise the company They only recently became an LLC
Turning a failing heavily indebted business into a successful one does not happen overnight. As Lemonis is not doing this for charity and is looking for a quick profit, how can one of these ailing companies pay Lemonis back his investment in short order with profit and at the same time get back on it's feet?
Neville Thorley each episode takes over a month to film, so he is not turning a business to succeeding overnight. Also he is not looking for a quick profit, as he invested in the company for equity, meaning he is not a bank and not looking for repayments on loans, he invested in the company and will see a percentage of profit.
“As soon as the cameras stopped rolling, however, "The Profit" producers allegedly told the Ferences to return the check Lemonis gave them, saying it was only a stage “prop.” “They still have never received the Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00) from Lemonis,” the complaint states.” Surprise!!!
Buddy if the cost of ingredients is 10 cents and the selling price of the item is 1 dollars , when someone buy the item , they have 90 cents profit , so 90 cents over 100 cents(1 dollar ) which is a 90% gross profit ( margin)
"The Simple Greek" . . . . Marcus, if you're reading, the "The" does not work. The article really makes "Greek" sound like it's referring to a person. "Simple Greek" is better. "Simply Greek" would work, too. Please fix before going nationwide!!!
I think all entrepreneurs should watch the profit episodes. Too many people getting into business trying to figure stuff out which makes zero sense when people are telling you what to do, things to avoid. Like when I got into realestate I became very successful in less than 9 months. I has somebody successful show me and I did exactly what they said. No point of spending time and money for no reason. Smh
Disagree about the breakdown of the frozen fries… sell fresh it takes time & manpower to prep that much potatoes on a daily basis… macdonalds are not stupid 🤷🏽♂️
