Organic Seasoning Entrepreneurs Wow Investors on TV Show
Key insights
- 💰 Seeking $50,000 in exchange for 10% of the company
- 🛒 Products in over 350 stores in Quebec
- 🏪 Listed in major retail chains
- 📈 Achieved $400,000 revenue and 11% net profit in the first year
- 📈 Expecting $800,000 revenue and 12% net profit this year
- 💵 Average gross profit margin of 65% in the first year
- 🌶️ Specializes in unique spice blends, including limited editions
- 🍝 Successful limited edition spaghetti launch with higher price
Q&A
What were the expressions and decisions made by the investors and entrepreneurs during the interaction?
The interactions involved expressions of satisfaction and interest in establishing a network of contacts and marketing. There were strategic decisions made regarding offers and expressions of commitment to follow and contribute. Additionally, a fair offer was acknowledged, and admiration for the business, parents, and guidance received were expressed.
How was a new product launch received by investors?
Investors reviewed the successful limited edition spaghetti launch, acknowledging its success despite its higher price for the same size package. Some declined due to perceived lack of distribution network value, while others expressed interest in using the product in the future and congratulated the entrepreneur on the success.
What are the unique features of the company's products and operations?
The company has a 65% average gross profit margin, a large production capacity in the industrial park, and specializes in unique spice blends, including limited editions.
What are the company's revenue and profit expectations for the current year?
The company is expecting $800,000 in revenue and 12% net profit in the current year, anticipating further growth in sales and profits.
What were the company's sales and profits like in the first year?
The company achieved $400,000 in revenue and 11% net profit in the first year, with 50% of sales conducted through its online platform.
Where are the products of the organic seasoning business sold?
The company's products are available in over 350 stores in Quebec and are listed in major retail chains.
What is the company seeking investment for?
The company is seeking $50,000 in exchange for 10% of the company, as it presents its organic seasoning business for investment.
- 00:00 A couple presenting their organic seasoning business for investment on a TV show.
- 01:11 The company made significant sales through its online platform, achieving substantial revenue and net profits. They also introduced unique flavored snacks and received positive feedback. They are expecting further growth in sales and profits. The video segment has a celebratory and positive tone.
- 02:13 The company has a 65% average gross profit margin in its first year, has a large production capacity, specializes in unique spice blends, including limited editions, and operates in the industrial park.
- 03:12 Investors are reviewing a new product launch of a limited edition spaghetti, acknowledging its success despite being the same size package and higher price. One investor appreciates the success but declines to invest due to lack of distribution network value, while another investor declines but expresses interest in using the product in the future. Both investors congratulate the entrepreneur on the success.
- 04:03 Expressions de satisfaction et d'intérêt pour un réseau de contacts et la commercialisation. Décision stratégique et expression d'engagement.
- 05:01 A positive and enthusiastic interaction where a fair offer was made and admiration for the business, with parents complimented and appreciation expressed for the guidance received.