Tuesday, January 28, 2020

The Profit - B Sweet Update

Tonight on The Profit, Marcus Lemonis is in Los Angeles, California to make a deal with B Sweet.  B Sweet is a popular desert shop that has grown quickly, making it hard to keep up with customer demand.  Owner Barb Batiste also has a few other ventures which is causing a bit of chaos and not allowing her to focus.  While Marcus is there, he finds that the pricing on some products is incorrect and they are actually losing money on every sale.

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

News and Links Related To The Company:

  • Here is the B Sweet website and Facebook Page. They also have another B Sweet Facebook page which isn't as active.
  • The B Sweet Instagram page has about 62,000 followers at the moment.
  • The 'About' section of B Sweet mentions the possibility of a second B Sweet Dessert Bar opening soon. (Link)
  • B Sweet has a variety of items in store and they also distribute items such as cold brew coffee to wholesalers such as Whole Foods.  They also distribute bread pudding, but the website says it will be back on the shelves soon.
  • The bread pudding launched in 2014 and was sold in more than 250 Target stores nationwide. (Link)
  • Here are the Yelp reviews for B Sweet Dessert Bar.  There are over 1,600 with a 4-star average.
  • Owner Barb Batiste started out with a catering company in 2009.  In 2012, she launched two desert food trucks.  In 2014, she opened B Sweet Dessert Bar.  In 2018, she opened a Filipino restaurant just a few doors down from B Sweet called Big Boi.

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

  • The Deal - Marcus was only interested in the coffee business and offered $250,000 for 50% of the business.  $50,000 would be for past due debts and $50,000 would be used for product development.
  • Barb decided to give Kurt 25% out of her 50% making them equal partners.
  • There is now an online store on the B Sweet website at the following link.  They are selling nitro coffee cans (6-pack $24 plus shipping), cake jars (3-pack $21 plus shipping) and cookie jars (3-pack $21 plus shipping).
    • The old can labeling is still on the website photos.

*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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