This week’s episode of The Profit has Marcus Lemonis in Surfside Beach, South Carolina, helping ASL Sign Sales and Service. (Why do I have a hunch that the “S” stands for signs?)
ASL’s owner is Anthony Leggio, who you could probably guess from his accent has relocated to SC from Long Island. With a $200K loan from his dad, Louis, Anthony had the shop up and running. Revenue ($441K YTD) seems in pretty good shape, but Anthony, who I’m going to call Strong Island, is apparently very ambitious.
Strong Island is rocking some transition lenses with plastic black frames, a fade with spiked hair, tattoo sleeves and big arms, but is also thick through the mid-section. This has nothing to do with the episode, but it’s a very unique look.
ASL manufactures and sells any kind of sign you can think of. This is a big deal, Marcus says, because I guess most companies that sell signs have to get them manufactured by someone else.
Turns out, ASL is actually Anthony’s, I mean Strong Island’s, initials (middle name Sal because of course it is). But Anthony says ASL could also stand for “American Sign Legion,” which is pure gibberish, but I’m giving myself partial credit for that one. The logo, of course, is a cartoon version of Anthony himself.
Anthony’s non-Jersey Shore looking girlfriend Christina Christian (did I hear that right?) works at ASL for free and has no equity. I believe this is the way most Fortune 500 companies do it, so…
In Marcus’ little cartoon infographic he always does in every episode, he says ASL makes a sign for $45 and sells it for $450, so they’re basically printing money.
But Marcus has a wicked burn for ASL when it comes to their sales process: “1985 called and they want their sales process back.” OHHHHHHH SNAP. Don’t forget to tip your waitresses.
Despite his overbearing personality, Anthony is not aggressive enough when engaging a walk-in customer in Marcus’ view.
Marcus asks why Anthony why he called The Profit. If business is good, what does he need an investor for?Anthony is obsessed with growing business as quickly as possible. He reminds me of a young, Italian, tan, stocky Walter White. “I’m getting in the sign business,” Marcus says. “The question is, am I’m getting in the sign business with you.” Sort of a weird thing to say.
I just realized ASL also stands for American Sign Language. Why do I feel like Anthony has never heard of this?
Marcus says he’s not prepared to write a check today. He is putting the check book away.
Other people in the business, including Anthony’s dad (who BTW doesn’t have any equity, either) told Marcus that Anthony is a know-it-all. Also the shop is kind of messy as is the sales process, per the 1985 joke. But all in all the place is making money. It’s still not clear why Anthony would want to give away equity to Marcus for his help, which he doesn’t really seem to need.
Next, Marcus finds out that Anthony has been picking ugly, hard-to-read fonts for customers. Anthony is not a designer. He is also not a sales guy. The Bobs from Office Space and I are wondering, What would ya say…ya do here?
Josh, ASL’s head designer (for the sign company, not the sign language), and Anthony, give a customer conflicting estimates on how long it’ll take to refurbish his sign. Josh conservatively quotes him three weeks, but Anthony says they can bang it out in a week. (Okay, he didn’t say “bang it out,” but it seems like something he would say.) Marcus pulls Anthony aside and he seems to get it…or does he? Five seconds later (in TV time) he reprimands Josh in front of the customer for trying to quote the customer a cost.
Anthony reveals that he doesn’t need money but does want Marcus’ business–I guess making signs for Marcus’ hundreds of businesses? He says he wouldn’t be willing to do a deal with Marcus if Marcus didn’t throw a bunch of business his way.
Okay now a former customer of ASL’s finds out Marcus is in town and tells Marcus that Anthony–crap I was supposed to be calling him Strong Island this whole time–has a bad reputation in Surfside Beach and actually sued this guy. The guy says Anthony/Strong Island has a bad temper.
Later, Marcus walks into the shop and Anthony tells him, “Ya late!” IT’S ON. Only Marcus can call out tardiness on his show. There’s some yelling which is all macho-like, but no one throws a punch and both guys storm off in opposite directions. Lame.
Eventually things cool down and Anthony tells Marcus “I bent ova backwards for that son of a bitch,” re: the disgruntled customer he sued.
“Sometimes you gotta take a pile of poop and stick it in your mouth,” Marcus says, meaning you have to make customers happy even if they give you a hard time. I didn’t go to business school but I assume this poop thing is a common metaphor you learn in the better MBA programs.
With 17 minutes in the episode, Marcus says he’s walking out without doing a deal. I like when this happens, especially when Marcus says that lots of other small businesses can use investments and he’s not going to waste his time with the ones that don’t deserve his money. I couldn’t agree more.
“Marcus kicked me right in my f-ing a$$,” Anthony says through tears, ostensibly realizing the errors of his ways, i.e. trying to scam Marcus into investing in ASL a way to get sign business from him. It’s hard to take him seriously when he’s wearing a shirt with a cartoon of himself on it, but he sort of seems genuine.
Back from commercial and now we’re in…Los Angeles? Marcus is now revisiting a gourmet popcorn company called Planet Popcorn, which he walked away from in another episode of The Profit. Apparently after agreeing to invest, Marcus found issues with accounting and inventory. Also the owner, Sharla, seemed reluctant to make changes.
It kind of seems like Marcus feels bad for Sharla because after the episode aired she came out looking really bad, and she lost a huge account with Disneyland. That’s gotta hurt.
Marcus looks around and sees a more organized office and a more professional-looking Sharla (despite her dress’ plunging neckline) who knows her sh-stuff. But when Marcus asks her about the Disneyland account, Sharla says she doesn’t want to talk about, tears up, and goes into what appears to be a closet to hide. I mean I’m sure it still stings, but, like, get it together when the money man is standing in your office potentially ready to make you a deal.
Aaaaand she’s back. Despite losing Disney and apparently some other accounts and being humiliated on TV, she has picked herself up by her bootstraps (classic entrepreneur word!).
Now they’re sitting down talking business. She offers 20% of her business for $50K; he’s not having it. He’ll take 40% with a 50-cent per popcorn bag royalty, a la Shark Tank‘s Kevin O’Leary. The check book is coming out. Sweet redemption for Sharla and Planet Popcorn! Maybe Marcus will call ASL when Planet Popcorn needs a new sign! Maybe not.
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