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Transcripts For CNBC The Profit 20240714

And i fix failing businesses. 2. 5 Million People visit key west a year, and you only sell 40,000 pies. I make tough decisions. Were closing the store. Were done. Im not talking about it anymore. And i back them up with my own cash. Check that out. Its not always pretty. Tired of this bull[bleep]. But this is business. Were gonna have a battle on this one. I do it to save jobs. I got to get some stuff done and youre gonna be our leader here. And i do it to make money. This the profit. [theme music] u. S. Key lime pie company is a pie maker located in beautiful and sunny key west, florida. Jim brush. Jeff and his girlfriend, alison sloat, bought the company, recipes and all, over ten years ago for just 1,200, and have grown the business from selling pies on the side of the road to having their key lime pie named the nations best pie by the american pie counsel. Even though they generate 1. 4 million in sales, they have yet to turn a profit. We really are a victim of our own success righ

Transcripts For CNBC The Profit 20240714

My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Milwaukee has some of the best food and drink in the country. Something i know well because i went to college there. Thats me when i had hair. And one of the newer local favorites is the soup market. Stephanie hi, honey. How are you . Lemonis a quickservice chain started in 2004 by chef dave jurena and his business partner. Dave anything else for you, sir . Lemonis dave did the cooking while his partner ran the business. Woman thats good. Lemonis and before long, the soup market had expanded to five locations, with plans for many more. Then daves partner and coowner died suddenly, leaving him struggling to run the compa

Transcripts For CNBC The Profit 20240714

This is a terrible representation of the business. Im embarrassed. But his most important relationships, as well. Ben then i said, well, whats the plan . Is there a timeline . Kristin you didnt say that. Ben Something Like that. Kristin you didnt say that. You didnt say that. Thats when you said youre the real housewives of new jersey. Lemonis if i cant help him learn to respect his staff. Ben to be frank, i dont really see a relationship continuing. Lemonis . And relinquish some control. Do you not trust people . Ben no, i dont. Kristin theres been times when hes said to me he hasnt trusted me. Lemonis . This business may just wither away. Ben this is my home. This is my life. Sometimes i cant shake it if i dont feel comfortable. Lemonis my name is Marcus Lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning, wondering if we have a job. Were going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Ev

Transcripts For FBC Mornings With Maria Bartiromo 20240714

Jack ho. Markets under pressure, one of the lead stories in the joint venture nail thijournalthis mor. 62 points bother on the dow futures, s p down a 5 and nasdaq lower by 28 right now. Youve got the u. S. China trade, officials from both countries working toward a phone call this week as the chinese Vice President is taking a swipe at the u. S. , saying the world cannot shut out china. President trump commented on the negotiations yesterday. Watch this. Were doing very well with china. Thats right. Most importantly, were doing very well with the tariffs. Weve taken in billions and billions of dollars from china. Weve never taken in 10cents from china. Right now, chaff i china is noty happy because thousands of companies are leaving china and theyre going to other places, including the United States. Because they dont want to pay tariffs. Maria joe biden weighed in on the trade talks, speaking in South Carolina yesterday. The former Vice President acknowledged china is a problem but s

Transcripts For CNBC The Profit 20240714

Lemonis i see something that looks like a swastika. Things could get very ugly for this company. Miranda if something happened to the business, i do worry about what would happen to us. Lemonis kansas city, missouri, is home to the lano company, a skincare and cosmetics business that was started by Miranda Coggins in 2005. Miranda high five, girls. Cristina whoohoo lemonis after the birth of her daughter, milena, she was inspired to create a lanolinbased lip product with medicalgrade benefits. Layne this is Layne Coggins with the lano company. Lemonis 10 years later, miranda and her husband, layne. Miranda love you. [ smooches ] layne love you. Lemonis . Now have a company that generates millions of dollars in revenue. Im excited to visit lano. And while its a profitable business, im 100 certain that it has a lot of potential for growth. The skincare and Beauty Industry generates billions, and its not just for women. Im marcus. Mccartney hey, marcus. Lemonis you are . Mccartney mccartn

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