CNBC's 'The Profit' host tries to convince this embattled business owner to take a paycheck
CNBC
On the series, the entrepreneur visits small businesses that need a lot of help and his expertise. Lemonis has invested more than $20 million of his own money in the companies featured on the show.
On the next episode, Lemonis revisits businesses from the previous two seasons of the business makeover show to see how they fared after his help and the cameras stopped rolling. One in particular, Syosset, New York's Unique Salon and Spa, continues to hold a special place in Lemonis' heart.
During Season 2, Lemonis met hardworking salon owner Carolyn DeVito, who was struggling with immense money losses and a lack of clients. He gave her salon a makeover, helped reduce the inefficient layers of management and invested his own money in the business.
But during this new visit, he learned that while the spa was making money DeVito wasn't taking home a regular paycheck.
"Never in all my years have I had to demand that someone take a paycheck," Lemonis said on the episode. "And it's not OK with me, but it says a lot about Carolyn."
Watch Business Insider's exclusive sneak peek of Tuesday's "After the Deal" episode below and see if Lemonis can convince DeVito to take home a salary.
"The Profit" airs Tuesdays at 10 p.m. on CNBC.
NOW WATCH: How To Get The Salary You Really Want
- As Ilya Sutskever announces OpenAI exit, here’s a quick recap of his involvement in Sam Altman's firing last year
- DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
- India-UK trade pact: Work in progress to resolve pending issues
- 5 most colourful mountains in the world
- Vivo takes the top spot in India: Top smartphone brands in Q1 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market