FINALLY!!! #TheApprentice #iPlayer
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4 comments
They rigged it so lord sugar looked smart
The fact you can lose 8 times and still be on the show tells you all you need to know. If he was worthy of staying surely he would have had at least one stand out performance to carry a task to a win.
Pretty privilege kept him in
What AS likes the look of is a profitable business with over £700,000 in the bank.
Would you share 50% of over £700,000 in exchange for a £250,000? Half of the viable business included?
It would be "justified" by pointing out that AS had helped (a tiny number) of people become a little bit successful, and that he has decades of experience and contacts. However, there are other private investors who would put in the £250,000 in exchange for 35 to 40%. Allowing someone to have 50% gives them certain statutory rights to buy out the company. PT wouldn't have the money to fight it. Nor would he know the solicitors to go to.
Further to that, AS is further up the pyramid in the funny handshake club. He knows some powerful people in business.
I am not saying AS would do the dirty on PT – but in his place I would be wondering why someone would settle for half a business when he could take the lot? Not immediately, but over a bit of time….but then I wouldn't do business with an east end wide boy. In fact, if I had overestimated the number of shops then I would sell one, even two. Opening 4 more shops in only about 12 years is somewhat ambitious, after all. I wouldn't want an outsider, a stranger, as a partner in my long time family business in any case.
PT is only 37. He apparently wants to leave a legacy for his children, which is admirable. At his age though he has plenty of time to do that, slow and easy.
Not selling food cheap at the end of the day is one thing I never did when I owned my own catering business. People wait until the offers go up on the "too good to go" app and buy then, instead of buying at full price earlier.
Also he seems to have expended his menu more than he needed to.
In the end though, £250,000 won't go far if he wants to use it to open another shop – when it seems he has already opened up one more than he should have done. Better 2 or 3 profitable ships which are 100% in the family, I think.
Whatever the outcome I hope it works out well for PT and his brother, and their families. It would be a pity if they lost it all when it's been a family business for not too far off a century.