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Transcripts For CNBC The Profit 20240712

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

Transcripts For CNBC The Profit 20240712

Lemonis . Try some new approaches. Travis, allison, pete, and myself, well be partners in this business. And make some painful decisions. You want me to work a deal out with the landlord so it lets parlour off the hook . Paul yeah. Lemonis great. No. Because if i dont, both farrells and my money will be gone. Forever. 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. Everything is going to change. Everything. But i do it to save jobs, and i do it to make money. This is the profit. Last year, i visited farrells ice cream parlour. Hi. A oncethriving National Chain that closed its doors in the 90s. This place is awesome. And was reopened in 2010 by mike fleming and paul kramer. This is really what you guys are known for, giant ice cream sundaes. Paul it is. Lemonis the new owners wasted no time

Transcripts For CNBC The Profit 20240712

Lemonis . Try some new approaches. Travis, allison, pete, and myself, well be partners in this business. And make some painful decisions. You want me to work a deal out with the landlord so it lets parlour off the hook . Paul yeah. Lemonis great. No. Because if i dont, both farrells and my money will be gone. Forever. 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. Everything is going to change. Everything. But i do it to save jobs, and i do it to make money. This is the profit. Last year, i visited farrells ice cream parlour. Hi. A oncethriving National Chain that closed its doors in the 90s. This place is awesome. And was reopened in 2010 by mike fleming and paul kramer. This is really what you guys are known for, giant ice cream sundaes. Paul it is. Lemonis the new owners wasted no time

Transcripts For CNBC The Profit 20240712

After dozens of investments and nearly 60 million spent, this is the profit, my top 10 rules for success. My name is Marcus Lemonis and i risk my own money to save struggling businesses. Lemonis 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. You know, ive been traveling this country and investing in Small Business for for more than four years now. And ive met hundreds of entrepreneurs, their employees, their families. And what im reminded of time and time again, is that everyone has a story. Theyre complex, they have their own passion, their own motivation, and their own reasons for doing what they do. Its something i always try to appreciate. But all that being said, ive met some real jerks, a lot of them. And so, my first rule when it com

Transcripts For CNBC The Profit 20240712

This is the profit, my biggest wins and most heartbreaking losses. 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. Let go to work. Is the profit. Its hard to believe that ive been doing the profit for several years now. And ive done a lot of deals with a ton of businesses. We have a deal . We got a deal. Partner . I think most people are under the impression that if the deal ends well, then its, like, millions for everybody and its going to be great. Wow. Congratulations, guys. Thanks again. Get your ass to work. It just wasnt true. Im not sure who to be pissed at myself for doing the deal, or you guys for letting this stuff just sit here. In order to understand how i look at wins and losses

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