Tuesday, February 15, 2011

Shark Tank-Mr Todd's Pies.

They sell at least 300 000 pies a day. On his third bank loan and can't afford to pay them off. 10% of the company for 460,000$ dollars. So he is valueing his business at 4.6 million dollars. Made 850 000 dollars in pies last year in wholesale, not including retail. Sweet potatoe pie represents 94% of the sales made out of the 425 000$ there are 34 other flavours of pie. Half of his sales are from wholesale, and half of his sale are from retail. He is a nice guy, and a little overweight. The strength is the very valueable sweet potatoe pies the downfall is the fact that he loses money producing his other pies. In conclusion it was a smart decision getting rid of half of his company in exchange for 460,000$ because it will turn his company around and it will be partially controlled by money experts.

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