The Profit Season 3 Update Episode - Coopersburg Sports, Key Lime Pie Co., Artistic Stitch, and Unique Salon & Spa

Tonight on a new episode of The Profit, there will be an update on four businesses that have appeared on season two of the show.  Marcus Lemonis will be revisiting Coopersburg Sports, Key Lime Pie Co., Artistic Stitch, and Unique Salon & Spa and will give updates on which businesses have flourished and which have gone south since being on the show.

From The Profit Updates Page, some information is already known about each of the businesses, and during the episode any new updates will be added below.

Coopersburg Sports

• Info already known:
• Still open and has expanded into more product lines with Coopersburg Products LLC.  
• They appear to have licenses with the NCAA, NFL and NASCAR

• Other information revealed on update episode:
• Marcus' actual money invested in the company was $1.4 million for payables, the new lease and new inventory.
• Additional profit of $75,000 per year due to their new warehouse process
• Sales increased from about $2 million to $3 million in a calendar year and the margins are also up around 12%.

Key Lime Pie Company

• Info already known:
• Has great online reviews and sells a lot of pies through their website
• Has partnered with Crumbs Bakery (who Marcus is also invested in) to offer frozen Key Lime pie bars. 
• Marcus has given Tami 25% stake in the company.

• Other information revealed on update episode:
• Went from losing $100,000 a year to making money.
• Marcus' investment almost doubled due to issues he did not know about when the original deal was made.
• Went from $1 million in sales to about $1.2 million in sales and margins increased from 15% to 35%.  Went from 100k loss to a 100k profit.
• Jim and Alison were bought out and are not involved into the day-to-day operations.

Artistic Stitch

• Info already known:
• The business is still open but is not listed on Marcus Lemonis' website.  So this is expected to be a deal that went south.

• Other information revealed on update episode:
• Sal and Nick started taking a salary which wasn't negotiated.
• They didn't use any of the money Marcus provided to pay the landlord past due rent, so Marcus cut ties.
• The basketball court was back in operation and the printer was sold to someone.
• Marcus gave Sal a 1099 tax form from his investment.

Unique Salon & Spa

• Info already known:
• Still open and both the salon and the hair care line "Erika Cole by Raquel" seem to be doing well.

• Other information revealed on update episode:
• Unique Salon & Spa was named one of the top 20 salons in America.
• Carolyn is still acting as General Manager but is not always taking her paycheck.
• Sales in 2014 were $1 million and the projected sales for 2015 are about $1.4 million and margins have increased.