Tuesday, February 15, 2011

Shark tank: Mr Tod's Pies

  • A show where entreprenurs go to try to get loans from other people to grow his business
  • Mr. Todds pie factory is a business and there is a big demand for sweet poatoe pies in north carolina
  • the sell over 3000 pies a day
  • he offered them 10 % of the company for $460000
  • He got 850000 on sales in pie he sold a million last year.
  • Half of his profit is from his sweet potatoe pie
  • He values his business at 4.6mil dollars
  • His sweet potatoe brings in 94 % of his wholesales business
  • Although he has 34 other flavors
  • he started off too big too soon and lived in his car
  • 6-7 years later he has two loactions
  • He advertises pies for good grades
  • In order to get what he wants he has to give up half his company
  • It saved his businees although he had to give up his business
The strengths of thus business is that he had advertising that applied to children, persuasive in a way where he wanted to show that he had a care for his company that he wanted to become a part of the business.

The weeknesses are that he had a lot of extra expenses and that he had spend his money in a sense very carelessly.
His first offer was that $460000 for 10% of his company and then the offer changed to $460000 for 50%

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