On The Profit, Marcus Lemonis visits PH Design (PH for Pacific Hospitality), a family-owned furniture company that’s been in business for 40 years. Recently the company based in Los Angeles has been struggling to meet payroll. The second generation of owners has put in $75,000 personally to make ends meet. Lemonis says “their margins are paper thin” and then there’s the founder’s health to consider. The founder, Gilbert Martinez, was diagnosed with Parkinson’s a few years ago and yet continues to show up for work.
During a conversation with Martinez and his daughter Ana Maria Martinez-Stumpo who is now running the business, Lemonis commends Gilbert for his success. “I’m very impressed,” says Lemonis. “Because any time one person, over 40 years, can build a business in America, and have it stay open and last, is a big accomplishment. You fed a lot of people over the years, and you have a lot to be proud of.” The Profit airs Tuesdays at 10pm on CNBC.
This great American success story may come to an end. #TheProfit pic.twitter.com/K69LoyRawm
— CNBC’s The Profit (@TheProfitCNBC) October 3, 2016
