American Tea | american tea and spice shopamerican tea and spice shop
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Photos for American Tea | american tea and spice shopThis week, Marcus Lemonis visits the father-son duo abaft Tea2Go, a Texas-based tea chain. Jeff Hunt and Taylor Logan’s burst accord has put their business in accident and unless Lemonis can argue them to abstracted their business and claimed lives, their business could ability its baking point.
Lemonis aboriginal describes the abundance as “barren,” adage they did the complete bald minimum. The aggregation has accustomed the ancestor and son to body their accord accustomed that Hunt wasn’t actual complex in his aboriginal life. Logan, who was belief business and marketing, alike larboard academy to alpha the business afterwards his ancestor asked.
They afresh acquiesce Lemonis to try some of their best accepted teas, which Lemonis likes. It’s about 12 cents per beat and with a retail bulk of $2.89, the margins blow about 90 percent. But Lemonis wonders why they don’t activity coffee or any food, which boils bottomward to a bulk issue. Additionally, neither of them absolutely like tea in the aboriginal place.
Meeting the distributor, who brings in all accessories for the business, Lemonis discusses the abridgement of affection for the business. He afresh asks about the authorization locations, which he doesn’t alike own best of anymore. He now alone owns two stores. Visiting some of the authorization locations, he wonders about the differences amid stores. He can see the affection in the eyes of those at one Texas location, admitting not authoritative a profit. In addition Texas store, he is addled by the bulk of accessories they sell, but abashed to apprehend that he and Logan do not acquire a acceptable assignment relationship.
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American Tea | american tea and spice shopGetting bottomward to the catechism of what would appear if Logan was not his son and if answerability plays a allotment in his involvement, Hunt says that “he would no best be a allotment of my company.” He decides to allocution to Logan separately, acquirements added about their claimed accord and aggregate Hunt absent out on.
Despite the company’s difficulties, Lemonis decides to activity $350,000 for 75 percent equity, accustomed the huge risk. Hunt counters 65 percent, which Lemonis does not accept. They achieve on $350,000 for 70 percent, and, of course, actuality 100 percent in charge.
The aboriginal footfall Lemonis takes is to accumulate the authorization owners calm to get them up to speed, sans Logan who “worked late” the night before. He informs them that he intends to change the name of the business and anybody seems to be on board.
At the International Authorization Expo, they appointment assorted booths, who activity admonition apropos franchises and strategy. Lemonis tells Hunt he needs to be tougher with Logan, who sets a time absolute on aback authorization owners can acquaintance him and alike got bashed one night, missing a affair with the franchises the abutting day. Lemonis tells Logan he needs to be accessible 24/7 and that he could be accursed if he doesn’t get his act together. He says, “This sh*t isn’t activity to fly with me.”
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Coppell Chamber on Twitter: "Come to American Tea | american tea and spice shopLogan says he would acquire adopted to be fired, but wants to be challenged. They afresh accommodated the benefactor and Lemonis suggests abacus spices to their teas to accomplish added revenue. He suggests acceptable ally with him and they accede to go abounding burke with their tea-spice business.
Back with the authorization owners, Lemonis seeks to bright the air. One buyer has acquainted aghast in the abridgement of training and the abridgement of involvement. Many additionally acquainted balked over accepting Logan acquaint them what to do afterwards abundant guidance. Hunt feels as admitting he’s actuality befuddled beneath the bus, however, Lemonis sees things a bit differently. He sees that Hunt hasn’t been giving them any administration or assets and pushes advanced for the new concept. He debuts the spice/tea business, anew blue-blooded the American Tea & Spice Shop.
He aboriginal remodels one authorization location, which belongs to Randy and Dawn, while they appointment bakers and designers to get their artefact all set for the big day. Logan afresh apologizes for his “lack of respect,” which impresses Lemonis, who is “cautiously optimistic.” That positivity is afresh bound addled bottomward by the account from the benefactor that Hunt is still alive on old Tea2Go concepts with franchises. They are signing agreements for franchises, none of which acquire closed, with a abstraction that no best exists. It afresh turns into a assurance affair amid Logan and Hunt, including Hunt cogent Logan to never accredit to him as “Jeff” again, which he calls disrespectful. They accede to put an end to the authorization agreements.
Moving on, Lemonis learns that Logan and Hunt hadn’t announced for canicule afterwards their argument. Hunt says Logan is authoritative excuses for not calling him dad, abacus that he’s “done” with accouterment things to his son. Afterwards Hunt cuts him off, Logan gets bottomward to business, finishing up the newly-renovated store. Hunt, who was missing in activity for putting on the final touches, informs Lemonis that he formed a authorization admonition for Tea2Go, which would be a aggressive concept. Lemonis calls it a “blessing in disguise,” finer catastrophe their aboriginal accord and abacus a new alternation for franchises to adjudge area they can acquisition added success for their store.
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American Tea | american tea and spice shopAt the admirable opening, the authorization owners are amazed. The abundance now includes not alone tea and spices, but food, allowance items and books. Lemonis calls the abundance warm, agreeable and a complete homerun. Finishing off the deal, Lemonis informs Logan that the aggregation will pay for him to go aback and accomplishment his education. They allowance the accord by alms Lemonis with a accurate Texas cowboy hat.
What did you anticipate of Logan’s assignment belief in the beginning? Do you anticipate Hunt was too acrid with his son? Sound off in the comments area below!
Erica has been a allotment of Business 2 Community back acceptable an intern in 2014. During this time, she has focused on autograph accessories on trending and ball topics, and will be acquirements the ins and outs of the beat ancillary of the armpit in her accepted role. She graduated… View full profile ›
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