Tuesday, November 22, 2016

The Profit - Los Gemelos Update

Tonight on The Profit Marcus Lemonis is in Port Chester, New York with hopes of making a deal with Los Gemelos. Los Gemelos is a restaurant and tortilla manufacturer owned by Adelo Ramirez. Comedian George Lopez recommended that Marcus Lemonis take a look at the restaurant for the show and Marcus took him up on the offer.  When Marcus is at Los Gemelos, he finds that the tortilla machine from Mexico has safety issues, there are issues with the current landlord, and Adelo isn't offering up all the information about his business.

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

News and Links Related To The Company:
  • Here is the Los Gemelos Facebook Page and an old Los Gemolos Facebook page which hasn't posted for years.
  • Here is the Los Gemelos website.  The contact number on the website is no longer active/disconnected.
  • Here is Adelo's LinkedIn page, where he says the tortillas are available at Citi Field, Washington Nationals Park, and Saratoga Raceway.
  • Here is the Los Gemelos Twitter page, and it looks they repeatedly tagged Marcus Lemonis and George Lopez in all of their posts with hopes of getting them as partners.
  • Here is the Los Gemelos website.  The contact number on the website is no longer active/disconnected.
  • At the end of June/beginning of July a customer was asking them why they closed, so it appears they closed at the end of June. 
  • Yelp has Los Gemelos as being closed and there are past reviews if you are interested in reading them.
  • Here is a Loopnet listing for the building that Los Gemelos was in which was posted in June 2016, but is currently off-market.  The description states, "Prime location successfully operational for 5 years as a restaurant w/ full bar. Equipped with high end stainless steel restaurant applicance. All of which will be gifted to the new tenant with good lease terms."

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

  • The Deal - $150,000 to form a new Hispanic food company where George Lopez, Marcus Lemonis, and Adelo will each have 33% of the business.  Adelo needs to close the factory and sell all of the assets.
  • It doesn't appear that Ta Loco products have hit the market yet.

*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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