Tuesday, February 19, 2019

The Profit - Lyles BBQ Update

Tonight on The Profit, Marcus Lemonis is in Lexington, Kentucky hoping to make a deal with Lyles BBQ.  Lyles BBQ is a family-owned and operated barbecue restaurant with two locations.  The two locations are not consistent with each other and everybody in the family seems to have a different vision for the direction of Lyles BBQ.  The son Chandler has applied for a job at one of Marcus' companies and has also applied to be on The Profit.

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

News and Links Related To The Company:

  • Here is the Lyles BBQ website and Facebook page.
  • Lyles BBQ currently has 2 locations with one in Lexington (Stonewall), Kentucky and the other in the Fayette Mall.
  • In April 2017, Marcus Lemonis was opening a Camping World in Kentucky.  Lyles BBQ offered to provide catering for the opening and Marcus seemed to agree to this. (Link)
  • Chandler Lyles has a YouTube account where he has several videos related to the business.  He plans to keep it going after the episode airs to give updates on the business.  There is also a video of when he applied to be on Shark Tank.  (Link)
  • Momma Lyles also has a YouTube channel. (Link)
  • Lyles BBQ tried to raise money via Kickstarter in 2014. (Link)
  • The Lyles BBQ location in the Fayette Mall was redone by Marcus Lemonis in November 2018. (Link)
  • Here are the Yelp reviews for Lyles BBQ, which average 4 out of 5 stars with about 100 reviews. (Link)
  • Marcus has also invested in another BBQ company - Shuler's BBQ from season 2 of The Profit.

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

  • The Deal - $100,000 to invest in the mall location and developing products.  Marcus will not invest in the restaurant location.  He will take a high percentage of the profit on the products developed.
  • Lyles did sell their food truck/storage bin that was outside of the restaurant. (Link)
  • Here is the Momma Lyles Facebook page and website, which is the brand that was developed with Marcus Lemonis.
    • The shop has 4-packs of BBQ sauce and pickles for $39.99 and clothing such as t-shirts.
  • Marcus decided to give Chandler a job offer to work for ML Food Group for $75,000 a year plus bonuses, which he accepted.  The signing bonus was $10,000.
    • Chandler started his job in February 2019, right after the episode aired. (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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