Tuesday, August 1, 2017

The Profit - The Simple Greek Lawsuit

This is somewhat old news as this lawsuit was filed in December 2016, but I figured I would do a post about it as I didn't have anything on the site about it.

Mike Ference and Kathleen Kamouyerou-Ference, owners of My Big Fat Greek Gyro from season 2 of The Profit have filed a lawsuit against Marcus Lemonis and ML Foods.  During the episode, the business was renamed to The Simple Greek and the concept of The Simple Greek began selling franchises.  It appears that Mike and Kathleen claim they were frozen out of their business and haven't received the 45% promised.

The full lawsuit can be read here, but some of the highlights are below:

Thursday, July 27, 2017

Amazing Grapes From 'The Profit' Has Closed

Amazing Grapes in Rancho Santa Margarita, California, which was featured on season two of The Profit has closed.  According to the Amazing Grapes Facebook Page, they shut down in early July 2017.  The closure comes about three years after Marcus Lemonis originally invested in Amazing Grapes.

Dan Isenhart, who was a wine buyer and managing partner at Amazing Grapes, posted the following message on his Facebook about the closing of Amazing Grapes:

Tuesday, July 25, 2017

The Profit - Zoe's Chocolate Company Update

Photo - Facebook
Tonight on The Profit, Marcus Lemonis is in Waynesboro, Pennsylvania hoping to make a deal with Zoe's Chocolate Company.  Zoe's Chocolate Company is a third generation chocolate company run by father George and his three children ZoĆ«, Pantelis and Petros.  Their business is suffering due to old-fashioned marketing strategies and a narrow product line.  There are also no processes in place for things such as processing online orders.  The owners of Zoe's are also reluctant to make any changes to their business.

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


Tuesday, July 18, 2017

The Profit - Hip POPs Update

Tonight on The Profit, Marcus Lemonis is in South Florida with hopes of making a deal with Hip POPs. Hip POPs is a gourmet mobile dessert truck serving handcrafted gelato bars that is owned by Anthony Fellows.  Anthony is looking to expand, but he is also looking for Marcus's help.  When Marcus arrives, he discovers that there are no processes or systems in place that would allow for franchising and that Anthony has borrowed money from family members for the business.

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

Tuesday, July 11, 2017

The Profit - Bodhi Leaf Coffee Traders (Red Beard Coffee Traders) Update

Tonight on The Profit, Marcus Lemonis is in Orange, California with hopes of making a deal with Bodhi Leaf Coffee Traders.  Bodhi Leaf Coffee Traders has multiple coffee shops and also sells coffee beans sourced directly from farmers.  The business saw early success, but is now suffering while trying to expand due to lack of organization and leadership as well as staff problems.

Let's take a look at some information related to Bodhi Leaf Coffee Traders as well as what kind of deal was made on the show.

Tuesday, June 27, 2017

The Profit - Overtone Acoustics Update

Tonight on The Profit, Marcus Lemonis is in Orlando, Florida with hopes of making a deal with Overtone Acoustics. Overtone Acoustics is a sound proofing company owned by Brad Turpin which has its share of issues.  The business struggles to pitch their product and cash flow is so low that they are forced to rely on unpaid volunteers.

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

Tuesday, June 20, 2017

The Profit - Ashtae Products Update

Tonight on The Profit, Marcus Lemonis is in Greensboro, North Carolina with hopes of making a deal with Ashtae Products. Ashtae Products is a family owned hair care business owned by Michael and Ramona Woods.  The business is profitable, but the owner Michael is using the profits to fund unsuccessful side projects.  Marcus needs to get Michael to focus more on Ashtae Products and improve their logo and their processes to turn this business around.

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

Tuesday, June 13, 2017

The Profit - Windward Boardshop (Windward 82/W82) Update

Tonight on The Profit, Marcus Lemonis is in Chicago, Illinois with hopes of making a deal with Windward Boardshop. Windward Boardshop is a local snowboarding shop that was established in 1982.  The current owners Chris Currier, Tony Anasenes and Jess Bell bought the business in 2010 and expanded to add another store.  The business is suffering due to the expansion as well as communication issues between the owners.  Also, while Marcus Lemonis is there, the store staff is resistant to change.  Windward Boardshop went from making $81,000 in 2015 and to losing about $250,000 in 2016.

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

Tuesday, June 6, 2017

The Profit - Swim By Chuck Handy (Siloett) Update

Tonight on The Profit, Marcus Lemonis is in Miami, Florida with hopes of making a deal with Swim By Chuck Handy. Swim By Chuck Handy is a swimwear company that caters to plus size women. It is a family-run business and when Marcus arrives, he finds that the family members disagree on who is in charge.  The company is also having trouble connecting with consumers and is marketing outdated designs.  Marcus feels that they should be marketing to both a younger and older crowd and Chuck Handy has trouble adjusting.

Let's take a look at some information related to Swim By Chuck Handy as well as what kind of deal was made on the show.

Friday, May 26, 2017

New Season of The Profit Begins Tuesday June 6th

Photo - CNBC
This is just a reminder that The Profit will return for a new season on Tuesday, June 6th at 10pm ET/PT on CNBC.  This season will be eight episodes and the businesses that will be featured on the show include:
  • Ashtae Products, Inc. – Greensboro, NC
  • Bodhi Leaf Coffee Traders – Orange, CA
  • HipPops Handcrafted Gelato Bars – Miami, FL
  • Overtone Acoustics – Orlando, FL
  • Swim by Chuck Handy – Miami, FL
  • Windward Boardshop – Chicago, IL
  • Zoe's Chocolate Co. – Waynesboro, PA
There will also be an episode that has an update on Farrell's Ice Cream Parlour from last season of The Profit.

A sneak peak of the first episode at Swim by Chuck Handy is available on the CNBC website and is below:



If you are wondering if The Partner winner Julianna Reed will be on this season, she will not be.  She said in an interview that she will most likely appear on the season after this one. 

Be sure to come back to The Profit Updates after each episode to see how the businesses are doing and if there are any additional updates for them.