Tuesday, December 10, 2019

The Profit - RAMP Sports Update

Tonight on The Profit, Marcus Lemonis is in Park City, Utah to make a deal with RAMP Sports. This episode is being advertised as a "lost" episode of The Profit that is now airing at a later date.  RAMP Sports is a store that is majority-owned by Lou Sardella which specializes in snowboards and skis.  Lou sold a successful business and there is almost $8 million invested in RAMP Sports.

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

News and Links Related To The Company:

  • Here is the opening video for the episode from the CNBC website. The second half is for RAMP Sports.
  • RAMP stands for Riders Artists Musicians Project.
  • RAMP Sports opened in late 2010.
  • RAMP Sports closed in August 2016 apparently after an investor pulled out. (Link)
  • RAMP Sports did 3 rounds of funding totaling over $1 million. (Link)
  • As RAMP Sports is closed, there is no Facebook page or website.
  • Here is a company profile for Ramp Sports in 2015 which says they started manufacturing in Taiwan before moving to Park City, Utah.  It said they also had licensing deals with MLB, NFL and NCAA. (Link)
  • Here is an article showing the makeover done at Lou Sardella's lakeside home in Tahoe. (Link)

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

  • The Deal - There was no deal on the show which is why it was a "lost episode."  Offer was $1.25 million for 33% of the business and Marcus gets his money back first.  The owners didn't like having Marcus Lemonis in control, so they didn't take the deal and Marcus walked out.
  • As stated above, RAMP Sports closed in August 2016.

*To see how all of the businesses from The Profit are doing, go to the The Profit Updates page. 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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