On The Profit, Marcus Lemonis visits Murchison-Hume, an upscale eco-friendly cleaning product company based in Los Angeles. Lemonis’ three big complaints about the company are its “highfalutin marketing, high prices, and an inability to connect with a wider customer base.” That said, he offers $250,000 for 30 percent of the company. But after the handshake deal, co-founder Max Kater says they want to change the terms. “We feel like we deserve more, because we’re worth more," she says to Lemonis, who says he's already been "revamping and busting my butt trying to fix the Murchison-Hume brand."
Kater says their counteroffer is to give Lemonis 15 percent for the initial investment and then another 15 percent when he executes. Lemonis says he's not on a tryout. "This isn't a bonus program." Kater asks Lemonis, "You don’t feel like you need to prove yourself?” Lemonis says no. "You need to cut the s--t. You shook my hand. You can't honor that deal?" That's when Kater excuses herself and walks away from the table. The Profit airs Tuesdays at 10pm on CNBC.
Most INTERESTING FINDS on Amazon]
— CNBC's The Profit (@TheProfitCNBC) September 27, 2016