Tuesday, January 15, 2019

The Profit - Ben's Garden Update

Tonight on The Profit, Marcus Lemonis is in New York hoping to make a deal with Ben's Garden. Ben's Garden is a specialty designer and retail store whose designs are handcrafted using traditional artisan techniques.  The owner Ben Busko has Asperger's Syndrome which makes him think more creatively than emotionally.  Ben has high standards which is causing employee turnover and he is also doing too many jobs within the company.  Marcus finds that there are some inventory issues at Ben's Garden and that they are stocking items that do not sell well.

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

News and Links Related To The Company:

  • Here is the Ben's Garden website and Facebook page
  • Ben's Garden Instagram page has over 402,000 likes, while Ben Busko's Instagram page has over 274,000 likes. 
  • Ben's Garden has four store locations listed on its website, all of which are in New York (1 in Manhattan, 2 on Long Island, 1 in Brooklyn).
  • The Yelp reviews for Ben's Garden are not so great with people complaining about the experience of custom orders.  Two locations with Yelp reviews are marked as closed on Yelp.  (Location 1, Location 2)
  • Ben's Garden has had a lot of press and Ben has been on the Martha Stewart Show. (Link)
  • Items for sale on the Ben's Garden website include coasters, magnets, paperweights, photo frames, artwork and d├ęcoupage glass trays and platters.
  • Ben's Garden also sells their items on Amazon with over 1,000 items available (Link to Ben's Garden Amazon store).

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

  • The Deal - Initial offer - $200,000 for 25% of business.  Second offer which was accepted - $400,000 for 40% of the business.
  • There are 4 candles for sale on the Ben's Garden website - Lavender, Mojito, Green Garden and Casablanca. (Link)
  • There is only one gift wrap available on the Ben's Garden site after the episode premiered, so those are probably still being developed. (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.

No comments:

Post a Comment