Turn Down A Million Dollars Brehette

PikaDaDon

PikaDaDon

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Cliffs:
- Black couple starts a fried chicken business called 'Atlas Monroe' (stupid name)
- Refuses to hire copackers to protect 'secret recipe'
- Cost them $2.67 to make 6 pieces of chicken but the costs to the consumer is $44 (chicken, packaging, shipping, etc.)
- Brehette doesn't know the difference between sales and revenue.
- Thinks that because she made 12k one day that she'll make 12 everyday (um it doesn't work like that)
- The chicken isn't real chicken. It's some plant-based sciency thing (didn't understand the details)
- In spite of the confusing presentation receives an offer of 1 million dollars plus 10% lifetime royalty

Website: ATLAS MONROE | Vegan Delivery Now Offering Nationwide Shipping!
Instagram: ATLAS MONROE (@atlas.monroe) • Instagram photos and videos
Followup: Why this plant-based meat company turned down a $1 million from Mark Cuban on 'Shark Tank'

(inb4 all the posts are on how attractive she is)

 
PikaDaDon

PikaDaDon

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Doobie Doo said:
Which means it's worth more than what is being offered
Click to expand...

They came in seeking $500k for 10% (which means they value their company at $5 million). Mark Cuban and Napoleon's cousin offered them $1 million for the whole business PLUS 10% perpetual royalty. So Mark and Indian guy will do the heavy lifting and turn it into a massively profitable business worth millions and all they have to do is sit at home and collect checks....for life. Also by turning down such an offer they've lost a connection to a billionaire businessman. Just way too many negatives in what they did.

(It should be noted that many business owners believe their company is more valuable than its actual worth. So them thinking their business is worth $5 million is meaningless unless the numbers back it up)
 
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O

old pig

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PikaDaDon said:
They came in seeking $500k for 10% (which means they value their company at $5 million). Mark Cuban and Napoleon's cousin offered them $1 million for the whole business PLUS 10% perpetual royalty. So Mark and Indian guy will do the heavy lifting and turn it into a massively profitable business worth millions and all they have to do is sit at home and collect a check....for life. Also by turning down such an offer they've lost a connection to a billionaire businessman. Just way too many negatives in what they did.

(It should be noted that many business owners believe their company is more valuable than its actual worth. So them thinking their business is worth $5 million is meaningless unless the numbers back it up)
Click to expand...

...and/or in the event that it is...are they willing/able to tap into that potential on their own if they don’t strike a deal that’s suitable to them? ya it might be worth that much potentially but do they have the capital/resources to take it to that level
 
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CrimsonTider

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PikaDaDon said:


Cliffs:
- Black couple starts a fried chicken business called 'Atlas Monroe' (stupid name)
- Refuses to hire copackers to protect 'secret recipe'
- Cost them $2.67 to make 6 pieces of chicken but the costs to the consumer is $44 (chicken, packaging, shipping, etc.)
- Brehette doesn't know the difference between sales and revenue.
- Thinks that because she made 12k one day that she'll make 12 everyday (um it doesn't work like that)
- The chicken isn't real chicken. It's some plant-based sciency thing (didn't understand the details)
- In spite of the confusing presentation receives an offer of 1 million dollars plus 10% lifetime royalty

Website: ATLAS MONROE | Vegan Delivery Now Offering Nationwide Shipping!
Instagram: ATLAS MONROE (@atlas.monroe) • Instagram photos and videos
Followup: Why this plant-based meat company turned down a $1 million from Mark Cuban on 'Shark Tank'

(inb4 all the posts are on how attractive she is)
Click to expand...


there is no difference between sales and revenue
 
brandy

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Actually they were smart.

The biggest craze in food is impossible beef. It is plant-based beef. KFC just signed a deal with those creators. My grocery store advertised it in their paper. They are predicting that this is the future of "meat".

Hence why Mark offered her a mil plus 10% for the entire thing. He knows they will get more than 100 mil, especially since beef is doing so well.
 
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