Is Artistic Stitch still in business?
Is Artistic Stitch still in business?
Marcus informed Sal that his landlord could actually go to jail because of his poor and dishonest dealings with him. Marcus transformed the lobby of Artistic Stitch into a retail space called Queens Vibe and secured some larger clients like AT and put in over $100,000 more for renovations.
Who owns Artistic Stitch?
owner Sal Loretta
Marcus Lemonis of CNBC’s “The Profit” with Artistic Stitch owner Sal Loretta. Two years ago, Loretta moved Artistic Stitch into a 28,000 square foot warehouse in Queens, New York.
What happened to artistic stitch on the profit?
Using his own savings, A nearby warehouse was built out into a sign company, a restaurant, and a sports complex – (?!) – all owned by Sal. With Artistic Stitch struggling to make a profit and over $1.5 million in debt, Sal turned to Marcus Lemonis and The Profit to see if he could help turn things around.
What happened when Marcus visited the artistic stitch sports complex?
Marcus visited the Artistic Stitch Sports Complex and was very confused. He introduced himself to Sal, the owner, who explained about the other businesses, and his debt issues. Marcus walked around and talked to the other employees. He could sense that everyone was feeling the strain of the string of businesses not being profitable.
Does Nick from artistic stitch get paid?
Though he was not willing to hire a sales staff, Nick had never personally pitched Artistic Stitch to any big companies and was paid a salary with no commission built-in. Marcus wanted to see Nick in action, so the two headed to a local firehouse to see his sales pitch first-hand.
What happened to artistic stitch on ‘the resident’?
Even though the episode ended with Artistic Stitch still having a deal, the update episode revealed that it did not last long. Once Marcus was no longer making regular visits, he came back to discover that Sal did not use the money to pay the landlord, but he and Nick took a salary that was not originally negotiated. The deal was off.
