- "don't cry for money, it never cries for you."
- The sharks are successful businessmen that have achieved their goals and are investing in other people's businesses.
- over 3,000 pies sold per day.
- worth $4.6 million dollars
- 10% stake
- major market is on the whole sale side.
- $2 million dollars in sales last year.
- averaging 20% net income.
- Owner can't keep up with the demand.
- Half of the revenue comes from one flavour.
- $300,000 will go to producting a facility.
- $460, 000 --> 10%
- Sweet potatoe pie brings in 94% for his profit, leading to a wholesale of 50% and retail of 50%
- $425, 000 comes from the sweet potatoe pie alone.
- McDonalds is willing to take in Mr. Todd's product.
- The owner is planning on walking away with $460,000 if he accepts, but will only get half of his company.
Tuesday, February 15, 2011
Shark Tank: Mr. Tod's Pies
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