Startup Sense Podcast

Ep 192: Interview with Michael Emanuele, VP of MGT Foods (parent company of Mr. Green Tea and Mr. Mochi)

Informações:

Synopsis

Since the first show aired back in 2013 I've been a huge fan of The Profit with Marcus Lemonis. This business reality show has gone on to produce 4 seasons of episodes, each of which showcases a different company in pursuit of doing an investment deal with Marcus. Back in Episode #6 of Season 1 we were introduced to Mr. Green Tea (owned by the parent company MGT Foods). Mr. Green Tea is a family-owned, third generation ice cream company based in Keyport, NJ. Unlike many of the other small businesses from Season 1, Mr. Green Tea was not in any financial trouble, business was good, and they had carved out a nice niche in their industry. Their biggest problem was a fear of taking big risks, most notably building their own manufacturing facility so they could get away from their co-packers, introduce new products, increase their profit margins and ultimately control their own destiny. Since doing a deal with Marcus, sales are booming at Mr. Green Tea and Mr. Mochi (their newest brand). In their food service divis