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Transcripts For CNBC The Profit 20240711

Of grafton furniture. Your grandfather was here. Now your father is here. And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the famil

Transcripts For CNBC The Profit 20240712

Now, maybe a 50yearold is, mike i dont know. Lemonis bull[bleep] if i cant figure out whats fueling this mass exodus. But i dont think 15yearolds can pay that much. And what do you pay in rent . When they quit, theyre basically saying, youre fired. Mike 3,250 a month. Lemonis oh. Kota longboards will come up short. Thats not bad. Mike no. Not bad. My name is marcus lemonis, lemonis this whole factory is yours . And i risk my own money to save struggling businesses. Mike no. We share this with the Furniture Company over here. Lemonis okay. Were not gonna wake up every morning mike its owned by our landlord. Lemonis how much space do you actually have . Wondering if we have a job. Mike we have 3,000 square feet. Were gonna wake up every morning weve been out looking at properties. Wondering how many jobs we have to do. They said, were not gonna extend your lease. Its not always pretty. Lemonis when is the lease up . Mike march. Everythings gonna change. Everything. Lemonis so, you dont h

Transcripts For CNBC The Profit 20240712

Your grandfather was here. Now your father is here. And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt

Transcripts For CNBC The Profit 20240713

And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt to keep the doors open. Today, with limited funds,

Transcripts For CNBC The Profit 20240713

And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt to keep the doors open. Today, with limited funds,

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