How to Buy a Business
Marcus Lemonis and The Purple Pig
For all the Marcus Lemonis junkies out there experiencing withdrawal pains in the post season, there’s a short online episode about how Marcus worked with The Purple Pig Restaurant in Chicago.
The Wolf of Wall Street Real Life Story
Jordan Belfort was interviewed by the Australian 60 Minutes today. Thanks to Playbook grad Vincent from Brisbane for the heads up on this. The movie was fun enouigh to watch twice thanks to Leo, Jonah, and Martin.
Marcus knocks another one out of the ballpark in the season finale with the Key West Key Lime Pie Company.
If we don’t make it, we don’t sell it. – Marcus Lemonis
The Key West Key Lime Pie Company (KLPC) is located in Key West, Florida and is owned 50/50 by Jim Brush and Alison Sloat. The couple bought the business for $1200 ten years ago. As you have no doubt guessed, the company sells key lime pies. It had sales of $1.4 million last year but no profits before Marcus showed up. It also had $130K in debt.
Let’s do a quick Marcus Lemonis review of the business using his 3 Ps methodology.
The second season ended with another strong episode about Marcus’s turnaround of the Key West Key Lime Pie Company in Key West, Florida. Last weekend the new site built by Marcus sold 22K pies. Here’s the website.
The turnaround is reminiscent of Amazing Grape. Similar problems; similar solution.
I’ll write about it some more by week’s end.
Marcus moves fast. Money loves speed, as they say. He doesn’t waste any time waffling.
Just received this press release.
Sunday Business Notebook: AutoMatch USA is open
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