Marcus Develops a Growth Strategy for Kensington Garden Rooms
Kensington Garden Rooms (“KGR”) is a Hilmar, CA based business owned and operated by two Brits who moved to the USA in 2012, Damion Merry and Simon Johnston. It sells high priced luxury gazebos which serve as entertainment centers.
Marcus develops a growth strategy for a chain of blue jean retailers.
It’s nice to see Marcus on the best coast for a change. This was an odd episode which I attribute to the editing team leaving important scenes on the cutting room floor.
Background
The owner of Blues Jean Bar, Lady Fuller (“Lady” is her actual first name), founded the chain of blue jean stores. At one point there were thirteen stores stretching from the Bay Area to Boston but a lack of profitability forced her to shutter ten of them. Now only three remain in San Francisco, Dallas, and Chicago.
Many fans are asking about how successful Marcus Lemonis’s growth strategy has been to date.
According to Marcus, his total investment to date since launching The Profit has been $31.5 million. He elaborated, “I know exactly what I’ve invested. I’ve invested just a little over $31.5 million as I sit here today, with another $4 to $5 million to go into the businesses that have been on the show for this particular season.”
The Success Philosophy of a Japanese Billionaire
Here’s a look by Bloomberg at an intriguing Japanese billionaire and Buddhist priest named Kazuo Inamori. He is an 83 year old tycoon who has been involved with growing several large corporations. What was the key to his success? Well it’s one I have espoused since the beginning my career.
Marcus’s Growth Strategy for Bentley’s Corner Barkery (not bakery)
This is one of the very best episodes to date.
Background
Bentley’s is a small chain of natural pet food stores which finds that it is growing too quickly for its own good. The business was launched in 2008 by Lisa and Giovanni Senafe. The owners refer to it as “the Trader Joe’s for pets.” It has seven stores in the Chicagoland area. The Senafes own 70% with a silent investor holding the remaining 30% of the equity in exchange for $300k.
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