In August, Bowery Kitchen Supplies, a gourmet housewares store located in New York, NY, closed for two weeks in order to do some updating. What wouldn’t be known, until October, is that the store was featured on the CNBC show “The Profit.”
On the show, investor Marcus Lemonis offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. Co-owner Robyn Coval recently spoke to Gourmet Insider about her experience on the show and how it changed more than just the business.
“The moment was just perfect,” Coval said. “The intent of being on the show was to teach us lessons about business and also about ourselves.”
On the show, the partnership between Coval and co-owner Howie Nourieli played out, as well as issues with inventory, purchasing and more.
“It wasn’t an easy process, but Marcus was very kind. He was lovely with the staff and he really did a lot of things for us to help us come out ahead,” she said.
One of these things, said Coval, included liquidating the store’s inventory and beginning again almost from scratch, which she said was difficult, but that that now it feels like Bowery Kitchen Supplies was given a “fresh start.”
Another was implementing some new ideas, including a new kid’s section, which Coval said is “flourishing.”
“It’s really doing fantastic and has taken on a sweet life of its own,” she said.
And while being on the show was a great experience, Coval said, she also mentioned that it left her and the staff with something unexpected – a little bit of fame.
“People come in that saw us on the show and they want to take pictures with us. It’s fun, but it’s a little odd too,” she said.
Click here to read more about Bowery Kitchen Supplies on “The Profit.”