He sells over 300 000 pies a day and people line up for pies and he made some bad desicions when he was younger and now is out on 3 bank loans and requires assistance to keep the buisness going. $460k for 10% of his company. $850 dollars in sale last year making 20% revenue. He cant keep up with the demand so he needs assistance. Sweet potatoe pie represents 94% of the Wholesale revenue generated.He says 300k will go towards output facilities so he can ship pies to companies that are demanding them and the other 100k will go towards Street teams as he says which will advertise pies more so to the community. Wholesale 50% Retail 50% . The first time he started to big and to fast and got in debt and spent 4 months living in his car. McDonalds wants to put little kiosks in their stores selling his pies. The sharks are offering his want but for half his company and he took the offer because it would save his buisness and then he would have what he wanted along with expert advice and people who are in it to make money. I think it was a good idea because he now has experts that are there for him both as mentors and as finacial backups so sure he gave away half his buisness but it wasnt to people who arent looking to improve it. So the 2 sharks got 25% each of the company.
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