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tv   The Profit  CNBC  June 9, 2018 5:00am-5:06am EDT

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that there are many moments where i think you actually set me up. amber: i would never do that. ♪ [ laughs ] here's a sneak peek at the season premiere of "the profit." >> at a family-owned men's apparel business on the coast of california - >> this is our brand it looks great, really high quality. >> the tie that binds is about to unravel completely. >> you want to be my boss sometimes, where i'm like, dude, we're partners. >> no, you want to talk real let's talk real. >> brothers mike and john found early success selling to big stores like nordstrom and urban outfitters after they opened up two locations of their own, profitability never followed. >> is it the product is it merchandising? why doesn't this store make money? >> now the brothers are clashing
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more by the day. >> so it's all my fault the stores didn't make as much money? >> you sometimes act like you know best. >> as mill-takes pile up - >> you might want to spell "barbecue" correctly, though. >> if i had another job opportunity, i would take it. >> it's mind-blowing sometimes. >> if i can't mend their fraying relationship - >> both of you get your [ bleep ] together and figure out how to coexist and have mutual respect. >> their brand will go bust. >> that store is close nothing matter what. whatever i offer, everything in a pot. here's what i want to do my offer is -- $2 million. $1 million in equity, $1 million in a line of credit. the $1 million of equity, i want 50% of the business for. 50.001%. i want to have more than a seat at the table i want to have a seat at the table and i want to have a rubber stamp. >> it's hard for me to be like, sure, yeah -
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>> there's not a lot there. >> i'm struggling with that, there's nothing left over. could it be 33/33/33 >> it could be whether it's 33 or 50.1, i'm going to have full control. >> got it. >> if 33/33/33 is more comfortable, i'll back down to $1 million, $500, $500, instead of $1 million, $1 million. it's a better deal for me financially than $2 million for 50.01. >> i think we should stick with the 2 million. and i think we should do it that way. i think -- >> uh-uh, that deal's off the table. >> that sucks. >> my first offer as my best offer, all the time. >> "the profit" season premiere, tuesday at 10:00 and sydney torres is helping house flippers here's a sneak peek at the season premiere of "the deed." >> look at this, amazing. >> a master craftsman has fallen in love with a house he's been working on for years.
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>> i envision my son coming home from college and being here. >> now he's out of money. >> paying property taxes, insurance, $20,000 here, $30,000 there. >> piling up debt. >> how much in equity? half a million. >> sell would go solve his problems. >> selling the house >> considering it. >> will he cash in >> it's going to sell like that. >> or hold out >> we got an offer. >> i'm not going to sell it. >> james' brother sold him this rundown house for $230,000 james got a little obsessed. more than three years later, he's still renovating. >> how did i get to a house i bought for a really good price that should have been a flip and sell, now i see myself living here it's hard. i look around, i see my passion everywhere >> as his brother what do you think he should do with it right now? >> i want him to have a house, just not this house. i think that this house is a
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great opportunity for him to make a bunch of money and move forward and buy his own house without having to finance anything i'm building a house for myself right now. i love it, i designed it, i spent a lot of my own money. if somebody offered me the right amount of money, i would walk out the door, throw him the skis, swiski skski -- the keys, swipe him the check. >> are you teaming up on me? >> no, no. >> what do you think this is work finished product. >> comfortably around one, potentially 1.1, 1.2. >> you could do a lot with that. >> a lot. >> i understand the logic. it's one of those things for me, seeing the house go is challenging for me right now >> well, i'd like you to think of it in another way if you were to take this money, you could turn that into $3 million in profit. >> i just -- like i said, you know -- $3 million >> yeah. >> "the deed" season premiere
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wednesday at 10:00 cbs, get yours carl estep promises romance and a golden opportunity. he bilks investors of their life savings, selling stakes in a gold-refining operation, but all he really has to offer is dirt... >> he is a con guy to the core. >> narrator: ...until one victim decides she won't back down, and makes it her mission to put him in prison. >> he played right into this. he had no idea what was going on. >> narrator: it's december 2008 in naples, florida. as holiday cheer spreads across

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