SOURCE: Crumbs Bake Shop

Crumbs Bake Shop

October 13, 2014 09:30 ET

Crumbs Bake Shop and Crumbs.com Plan Grand Re-Opening and Re-Launch on Tuesday, October 14th

Host of CNBC's The Profit, Marcus Lemonis, Plans a Special Appearance at the Garment District Location

LINCOLNSHIRE, IL and OKLAHOMA CITY, OK--(Marketwired - Oct 13, 2014) -   Crumbs Bake Shop, a popular specialty retail chain, is celebrating its grand re-opening on Tuesday, October 14th at 1385 Broadway (between 37/38th) in New York, beginning at 7:30 am, under the direction of Marcus Lemonis, entrepreneur and host of CNBC's hit reality series The Profit, and Fischer Enterprises, owner of Dippin' Dots, LLC and Doc Popcorn, LLC. Lemonis and Fischer Enterprises formed a joint venture, Lemonis Fischer Acquisition Company, LLC, to save the bake shop from closing its doors last July when it was on the heels of bankruptcy, and initiated plans for the bake shop to not only re-open its doors, but to put a process in place to diversify the brand and bring new products to the mass market, including a new cookie line, ice cream products and a chocolate bar among other confectionary items.

"Saving this iconic bake shop was important to me not only because of its existing delicious products, but because there is a tremendous opportunity to expand product offerings so that every sweet lover can find something they'll enjoy," said Lemonis. "We'll be leveraging collaborations between Crumbs and other companies in my portfolio in the coming months to introduce a wide variety of treats that consumers across the country will have access to."

Lemonis' hit reality series, The Profit, returns to CNBC on October 14th at 10 pm ET/PT. In each episode, Lemonis makes an offer that's impossible to refuse; his cash for a piece of the business and a percentage of the profits. And once inside these companies, he'll do almost anything to save the business and make himself a profit; even if it means firing the president, promoting the secretary or doing the work himself.

In honor of the show's premiere and the long anticipated re-opening of the iconic Crumbs Bake Shop, Lemonis will appear at the Tuesday, October 14th grand re-opening celebration in the Garment District at 12:45 pm, where customers will have the opportunity to sample many popular favorite Crumbs cupcakes, including Red Velvet, Carrot Cake and Cookies & Cream. Customers can expect a new, modern experience at the renovated facility which has been repainted and now features a new merchandising cooler installed for showcasing its frozen dessert product offerings. While all of the traditional Crumbs classic cupcakes will be available for sampling and purchasing, a few new flavors that have already been added to the menu including a Sweet Pete's Salted Caramel Chocolate Cupcake and a Key West Key Lime Pie Cupcake will also be available. Additionally, Crumbs will now offer a variety of cupcakes, cookies and brownies as gluten free and will be featuring the already popular Crumbnut, a doughnut-croissant hybrid, and the new Baissant, which is a combination of the bagel and croissant.

 "We are thrilled to be able to follow through on our promise by re-opening the first of several Crumbs Bake Shop retail locations," said Scott Fischer, C.O.O., Fischer Enterprises. "We believe we have found a winning formula by combining the beloved Crumbs cupcakes with an exciting new mix of products. The revamped Crumbs concept should appeal to both the existing Crumbs customer base and anyone looking for a great sweet or snack option."

Plans are in place for Crumbs to re-open an additional 25 locations in the next 30 days in major metropolitan areas including Boston, Chicago, Los Angeles, Newark, DE, New York and Washington, DC. Store re-openings will be announced in the coming weeks online and via social media, and online ordering will be available at the newly revamped www.Crumbs.com website on October 14th as well.

Tune into CNBC's The Profit, Tuesday's at 10pm ET/PT to watch Lemonis as he saves struggling businesses. To learn more about "The Profit," visit: cnbcprime.com/theprofit. Like it on Facebook: https://www.facebook.com/TheProfitcnbcprime and follow it on Twitter: @CNBCprimeTV #TheProfit.

About Crumbs Bake Shop

Crumbs Bake Shop opened its doors in March of 2003 on the Upper West Side of Manhattan, offering a blend of comfort-oriented classic baked goods, including its specialty Crumbs signature-size cupcakes. In July of 2014, Marcus Lemonis and Fischer Enterprises stepped in to take ownership of Crumbs and save the business from closing its doors, as well as to expand its product offerings beyond traditional cupcake goods. For more information regarding Crumbs Bake Shop, or to purchase goods online, visit www.Crumbs.com

About Fischer Enterprises

Fischer Enterprises is a privately held investment company based in Oklahoma City, Oklahoma, and is the owner of frozen treat maker Dippin' Dots, L.L.C., and kettle-cooked popcorn innovator Doc Popcorn, LLC, both of which serve national and international markets. Together with Marcus Lemonis, Fischer Enterprises added Crumbs Bake Shop to its portfolio in July 2014, rounding out its product base.

About Marcus Lemonis

Marcus Lemonis is an entrepreneur, investor, television personality, and chairman and CEO of Camping World and Good Sam Enterprises. Camping World is the nation's largest RV and outdoor retailer, and Good Sam is the world's largest RV owner's organization.

Lemonis is also known as the "business turnaround king" and host of CNBC's prime time reality series, The Profit, in which he lends his expertise to struggling small businesses around the country and judges businesses based on a "Three P" principle: People, Process, and Product. The Profit returns on CNBC next week with new episodes beginning Tuesday, October 14 at 10PM ET/PT.

More about Marcus Lemonis can be found at http://www.marcuslemonis.com and Twitter @MarcusLemonis

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