Tuesday, February 15, 2011

shark tank- Mr. Todd's pies

  • dont cry about money cuz it never crys for you
  • all started off little and turned out big and worth millions
  • makes all pies fresh
  • over 3000 pies sold a day
  • 460,000, for 10% or 4.6 million is how much the business
  • major market is on whole sale
  • million dollars in sales last year
  • cant keep up with the demand
  • half of the revenue comes from one flavor
  • sweet potato pie is 94% of wholesale 50% , retail 50%
  • 425,000 just from the sweet potato
  • if he accepts he will only get half of his company
  • giving up half of his company saved his business
  • strenghts of his business was his sweet potato pie
Over all the strenghts of his business was his sweet potato pies, his weakness are is that he is emotional about his pies and company, and that he was making 30 something other kinds of pies that weren't doing as well as the sweet potato was. the sharks offered to give him the 460,000 that he wanted and in return they would take 50 percent of him pie company. in the end it was a good idea for him i think to go into to business with the sharks because they saved his company and even made it better and more famous than it was when he was in business by himself.

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