Ep 2. A. Stein Meat Products

The Profit is a reality television show that focuses on business turnarounds. Each episode features American entrepreneur, Marcus Lemonis, working to save struggling businesses by investing his own money and sharing his expertise. The second season's second episode, titled "A. Stein Meat Products", follows Marcus as he tries to help a family-owned meat processing company in Brooklyn, NY.

The episode starts with Marcus walking through the doors of A. Stein Meat Products and being greeted by the company's CEO, Ron Stein. Ron tells Marcus that the business has been around for over a century, but is struggling to compete with larger meat processing companies. Marcus is introduced to Ron's brother, Jack, and the company's other employees.

Marcus is shown around the facility and is impressed with the cleanliness and efficiency of the operation. However, he quickly discovers that the company's financial situation is dire. Ron explains that the company has not been profitable in years and owes millions of dollars to its creditors. To make matters worse, the company is facing a lawsuit from one of its largest customers.

Marcus sits down with the Stein brothers to discuss their business practices. He is concerned to hear that the company does not have a clear pricing strategy and has been undercharging customers for years. Marcus suggests that A. Stein Meat Products needs to increase its prices in order to become profitable. Ron and Jack are reluctant to do so, as they fear losing customers to their competitors.

Marcus spends the next few days working closely with the Stein brothers to come up with a plan to turn around the business. He offers to invest $1.5 million in the company in exchange for a 50% ownership stake. The Stein brothers agree to the terms, and Marcus gets to work.

Marcus begins by streamlining the company's operations. He eliminates redundant processes and introduces new efficiencies. He also restructures the company's pricing strategy and raises prices by 20%. The Stein brothers are nervous about this move, but Marcus reminds them that they need to make tough decisions in order to save the business.

Marcus also convinces the Stein brothers to expand their product line. He suggests that they introduce new meat products that cater to the changing dietary needs of their customers. They decide to introduce a line of organic meat products and a line of plant-based meat alternatives.

Throughout the episode, Marcus faces several challenges. He encounters resistance from some of the company's employees who are reluctant to change. He also faces pushback from the Stein brothers, who are skeptical of some of his ideas. However, Marcus perseveres and manages to implement significant changes that ultimately help save the business.

The episode concludes with a visit from the company's largest customer. Marcus invites the customer to tour the facility and see the changes that have been made. The customer is impressed with the changes and decides to drop the lawsuit against the company. Marcus and the Stein brothers feel a sense of relief and optimism, knowing that they have turned the business around.

Overall, this episode of The Profit is an inspiring tale of business turnaround. Marcus Lemonis demonstrates his expertise and his commitment to helping struggling businesses. The Stein brothers and their employees are shown working hard to save their business, and the episode provides valuable insights into the challenges of running a small business.