But im not just giving them advice. Im putting up millions of dollars of my own money. If you dont know your numbers, you just dont know your business. Ill work by their side. Ill put in the hours. cause i have the same risk that they do. Wheres accounting . Shes counting. No, wheres accounting . Um. Oh, my god. This business is a total mess. I judge businesses based on three things its pretty damn good. Most often, businesses fail because of people. I trusted people to manage. Thats not fair what are you talking about . Dont you even go there. Im not going anywhere. Youre strangling things. Back up. Im there to lead, but if they dont follow, this business doesnt make it. Youre a thief and a liar and a cheater. You didnt do what you promised. Get out of my face. All i hear is a bunch of noise. [crying] i dont want to lose my company. Ill make the tough decisions they wont. Youre being demoted. Anything to turn these unsuccessful businesses around. What the [bleep] is your problem . Tha
Well change the recipes. I mean, that would be the last thing id want to do. And i back them up with my own cash. Its not always pretty. Do you want me to get in your face . cause thats your face. But this is business. Ive lost faith. We need to change dramatically. I do it to save jobs. Awesome. And i do it to make money. This the profit. Sweet petes is a candy store located in jacksonville, florida, specializing in chocolates and candy handmade by master chocolatier peter behringer. So you guys like candy . Mmhmm. Petes love of sweets began at the age of 12, when he started making candy for his moms shop peterbrooke chocolatier. I wouldnt do anything else. Family business was thriving, and life was good for pete and his wife, allison. But after a dispute, pete left the business and was forced to start over from scratch. The last 10,000 we had, we put into this business. Starting over required the help of a financing partner. My whole idea was, find talented people and help support th
Susana its really stressful to. Lemonis . Susana monacos best days will be behind her. 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. Everythings going to change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. In 1996, susana monaco launched her namesake label, a collection of womens apparel marked by clean and contemporary designs. Susana the front is narrower than the back. Lemonis she had grown up working at her familys cutandsew factory and then engaged them to help her with manufacturing. Before long, she was in thousands of retailers across the country with revenue exceeding 10 million. Anna this is the bestselling for holiday. They love it. Lemonis but the Great Recession dealt the label a severe blow, and susana has been unab
Its not enough to pay the bills. This entire business sector is about to collapse co owner of next 3 fitness in San Franciscos castro neighborhood describes the grim future of small Fitness Centers in the city gave character is also a member of the San Francisco independent Fitness Studio coalition, a group of 60 small neighborhood Fitness Studios representing almost 700 employees just in the last 2 weeks character says the closures already started for 6 of the groups chance we anticipate many more on the horizon i was talking to a gym. Just the other day one of the bigger gyms and they have right now a quarter of a Million Dollars worth of debt. We have 20,000 worth of debt right now character says the gyms down 80 of its typical revenue prepandemic and that includes the sales from their recently opened a supervised sidewalk work out. Were 2 people can work out at a time for 55 minutes with deep cleans and in between its a bandaid to let us work out outside. But for so many businesses
You told me, im the asset, remember . Brett surprise, marcus. This is our show. Strud come on, marcus, were taking you on, man. Lemonis wait a minute. Were changing the show from the profit to polar bear profits. Strud [ laughs ] brett [ laughs ] lemonis over the years that ive been making the profit, ive visited countless businesses. Lets go make some money [ horn honking ] ive traveled the country trying to fix the people. And you do 1 million a year . You should be proud of that. Man but we dont know how to keep any of it. Lemonis . Fix the process. You see . It flimsy. Dont ever make these again. You dont sell them. And create a few products. Juli it reduces anxiety and depression. Lemonis i kind of like it. I spent countless days working on these companies. How much money did you burn through . Parker 650,000. Lemonis but we cant always fit everything im thinking into the show. Tonight were gonna give you an inside look at an episode from season 7 polar bear coolers. Over the next