Barry Turner, co-founder of Lenny & Larry's, shares his inspiring journey from American Gladiator to protein snack innovator. He discusses the early days of protein muffins in the 90s and how they stumbled upon the idea of protein-rich baked goods. Barry reflects on the challenges of scaling their brand and the whimsical evolution of their logo. He also reveals his motivation for returning to Lenny & Larry's to revive the brand and introduce new products, demonstrating resilience and a commitment to health-focused snacks.
Barry Turner's journey reflects the evolution of Lenny & Larry's from a unique protein muffin concept to successful protein cookies, driven by market demands and consumer needs.
The transition from anonymous white label products to a focused brand identity allowed Lenny & Larry's to resonate with a broader audience beyond fitness enthusiasts.
Despite achieving financial success after a company sale, the founders faced emotional challenges and a disconnect from their entrepreneurial vision due to changes in management.
Deep dives
The Birth of a Protein Revolution
A former American Gladiator and a friend found inspiration to create a protein-packed muffin in the 90s while struggling to find exciting options within their bodybuilding diets. With a belief in the necessity of introducing protein into more enjoyable food options, they began experimenting with protein powder and muffin mixes. Although their initial attempts at producing the muffins sold locally fell short of success, they persevered and eventually sought help from a retired baker who reframed their approach. This pivotal moment set the stage for the brand Lenny & Larry's, aiming to attract everyday consumers rather than just fitness enthusiasts.
From Muffins to Cookies
After transitioning from muffins, the duo encountered limited business opportunities due to short shelf life and a lack of a standout product. However, the partnership with a coffee chain allowed them to expand their offerings into private label products, driving significant revenue growth. Following a series of product innovations, they ultimately redirected their focus towards a high-protein cookie concept, appealing to a broader audience. This cookie, with a taste akin to indulgent treats but with health benefits, took off and became a staple, leading to exponential business growth.
The Road to Major Revenue Growth
From a humble beginning selling protein muffins, the company rapidly grew thanks to the popularity of its protein cookies. By 2014, Lenny & Larry's had achieved approximately $11 million in annual revenue, primarily driven by cookie sales. A push for expansion, influenced by strong marketing strategies and solid networking, led the business to double its revenue year-over-year, reaching nearly $27 million within a year. This upward trajectory continued, with the company hitting around $94 million in revenue by 2016, effectively establishing itself in the competitive protein snack market.
Navigating the New Ownership Landscape
In 2016, the brand was sold to a private equity firm, with the founders retaining a minority stake; however, this change meant relinquishing control over the company's daily operations. Despite the financial success of the sale and a hopeful future, the founders soon felt a disconnect as new management made decisions that diverged from the entrepreneurial spirit that initially fueled the brand’s growth. The new leadership expanded the team significantly but failed to maintain profitability and innovation, which led to dissatisfaction from the founders. This period reignited feelings of regret about selling the company, reminiscent of past disappointments in their careers.
Reflections on Success and Purpose
Looking back, the co-founder emphasized the importance of hard work and perseverance in achieving success, stating that chance plays a minimal role compared to the relentless pursuit of an entrepreneurial vision. Despite selling the business, the founder expressed a lingering emotional attachment to Lenny & Larry's and its team, underscoring the challenges of finding purpose post-exit. With discussions around business growth often highlighting the balance between luck and effort, the founder remained steadfast in believing that one's journey is largely shaped by dedication rather than sheer fortune. This perspective continues to guide their outlook on business and personal fulfillment.
When Barry Turner co-founded Lenny & Larry’s, the idea of selling a protein-packed breakfast muffin was practically unheard of: it was the early 1990’s, and protein-fortified food was not yet a thing. But when Barry was sidelined from a promising gig as an American Gladiator, he and his bodybuilding buddy Benny Graham decided to infuse baked goods with protein powder and sell them around L.A. Soon they were selling brownies, cookies, and cinnamon rolls, but mostly anonymously, as a white label business. Barry eventually sold the company, but returned years later to build the brand he’d always wanted, and to focus on one product, The Complete Cookie. Today a majority of Lenny and Larry’s belongs to Lion Capital, and the high-protein cookies—and other treats—can be found in over 30 countries worldwide.
This episode was produced by J.C. Howard, with music by Ramtin Arablouei
Edited by Neva Grant, with research help from Katherine Sypher.