Monday, August 30, 2021

James' Gourmet Pies - The Profit Update

This week on The Profit, Marcus Lemonis is in Salt Lake City, Utah to make a deal with James' Gourmet Pies.  James' Gourmet Pies was started by James Edwards in 2017 and he dreams of taking his pies nationwide.  He has had success in his local market but wants to take the business to the next level.  Marcus will try to help James improve his processes and give him ideas to achieve his dream of expanding the business. 

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

News and Links Related To The Company:
  • Here is a ten-minute preview video of the episode from the CNBC YouTube page.
  • Here is the James' Gourmet Pies website and Facebook page
    • The website boasts "As seen on The Profit" on the homepage.
    • In the About section of the website, owner James Edwards says, "This year I was humbled when Marcus Lemonis, the host of CNBC’s, “The Profit,” decided to work with James Gourmet. With his guidance, we now sell our gourmet pies and products all over the country."
  • The large pies sell for $19.99 and 12 mini pies are $29.99.  Shipping is extra and shipping to the east coast showed up as $35 for me. 
  • Here are the reviews for James' Gourmet Pies on Yelp, and all 12 reviews at the time of the episode are 5-star reviews. 

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

  • The Deal - James was hoping for a large investment of $1 million for about 30 to 40 percent of the business, but Marcus initially only wanted to invest $50,000.  They decided on $50,000 for 10% of the business.  The money would be used to help expand the product line.
  • Barb Batiste from B Sweet, which appeared on season 7 of The Profit, appeared on this episode.
  • James' Gourmet Pies currently offers 3 different products - sweet potato pie, buttermilk pie, and sweet potato bread.
  • Marcus set James up with a shared commercial kitchen with a freezer to help fulfil online orders.
  • The end of the episode also said James' Gourmet Pies was set up with a $100,000 line of credit to help with expansion of the business online.

*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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