![]() Michael is intimidated that there is so much space, but Marcus reminded him of all the new things that were going to happen that required space. Marcus took Michael to see a new facility. Tina tried to convince him that what they were doing wasn’t working and was not paying the bills, but Michael said that that was crap. He announced his intention to step up to Marcus. Michael thought that it would be challenging for him to give up control. He also announced that he made a deal with Tina. Marcus’s vision encompassed the current Michael Sena’s Pro-Fit facility as well as a healthy baked goods store, a juice bar, and other group classes. He explained that he would be in charge for the next week and that they would be changing the facility. He addressed the employees and told them about the deal. Marcus wanted Michael working exclusively in the gym, and Tina working exclusively on the baked goods. ![]() ![]() Michael agreed to it without talking to Tina. Marcus said that he wanted to own 75% of that business, but he would put up all the money for it. He said that Michael had to figure out a way to get out of the lease to get a bigger place in a better location. He offered $250,000 on the contingency that the business moved to a training facility that would support other equipment. Marcus explained to Michael that he did not believe in single-use facilities. Marcus sarcastically asked him if he wanted his name on her brownies as well. Michael cut in, asking if he could give his two cents. He said that he would provide all of the resources to do it. Marcus offered her $50,000, in exchange for the $50,000 back and 50% of the business. Tina looked ecstatic, but Michael looked annoyed. Marcus told Tina that he wanted to invest in her baked goods business outside of Michael Sena’s Pro-Fit, and learn to be a business owner. He only spends time on businesses that he invests in, and he doesn’t invest in things he that doesn’t like.Marcus stated that he liked their product and their vision, but he thought their execution needed work. Marcus clarified that he was not a consultant. Tina said that she was looking for Marcus’s business experience and consulting efforts. Marcus said that he liked his passion and his purpose. Michael said that he didn’t like talking about that kind of stuff. Marcus informed him that he didn’t know much about business. Michael finally relented, and said that they made $50,000 in profit out of a revenue of $429,000. Marcus asked the two business owners what their average revenue for the year was, and Michael wanted to shut his wife and co-owner out of the discussion. He thought if more people knew that the gym existed, it would be busy all day long. He agreed that Michael and Tina know exactly what they’re doing. Michael had Marcus go out on the floor for a workout. She told him that she had been looking for healthy alternatives to snacks, and made all the recipes herself. Tina had Marcus try one of her baked goods. Marcus noted that if they stayed open for the four hours that they were closed, they could generate up to $150,000 per year extra. He told Marcus that most people either came in the morning or in the afternoon. Michael said that he was paying $5800 a month for rent, had 122 clients, and made $120 for a four-person class. Marcus was concerned that Michael’s ego was getting the better of the business. Tina looked flustered and asked Marcus if he was here to help her. Michael cockily said that everyone knew his name from his bodybuilding days and Tina needs to earn her stripes. Marcus asked why Tina’s name wasn’t on the business. We’ve only seen him on the screen for five minutes, but he’s already insulted his wife twice. ![]() Michael said that Tina prepares for figure competitions, which was kind of a sissy undertaking in his words. Michael told Marcus that Tina used another gym to use different equipment that they didn’t have available at Micheal Sena’s Pro-Fit. He said that they owned the company 50-50, but his name was still at the top. Michael said that his wife created healthy treats that were packed with protein to sell. Michael explained that they never had more than eight people on the personal training track at a time. He called Michael Sena’s Pro-Fit a small group personal training facility. Marcus asked how Pro-Fit distinguished itself from other gyms, and Michael denied that the facility was a gym. Michael welcomed him at the door and told him that there are four businesses in the Plaza. Marcus Lemonis made his way to the Pro-Fit gym, and the first things he noticed was the empty parking lot and a bunch of stores for rent in the complex.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |