- Beer-infused ice cream; pre-packaged meals for pets.
- In this episode of Shark Tank, several entrepreneurs pitched their business ideas seeking investments from the sharks including Mark, Daymond, Kevin, Barbara and Robert
Nick Romero presented "The Ave Venice," a store that offers customized shoe designs and clothing prints. He sought $125,000 for a 15% stake in his business. Custom prints any article of clothing. Retail $100 for a shoe and costs $27. His main edge is the design of the 3 shoe templates that allow him to print pics on them quickly and seamlessly. The store of 450 square feet generated $570,000 in sales since the previous year, with a profit of $150,000. Printers costs $55,000. Each print takes 30 mins. Nick wants to franchise his business in the future. His templates are patent pending. Despite interest from some sharks, Nick was not keen on leasing his machines for private events, leading Daymond to back out. Robert and Kevin also decided not to invest, feeling that too many changes were required to the business model, and Nick was too focused on retail. Barbara opted out, believing that Nick wasn't receptive to feedback. Mark inquired about Nick's desired salary for his LA lifestyle, but when Nick mentioned a six-figure salary, Mark chose not to invest.
Next up was Blake St. Clair with "Bark'em's To Go," a pet food packaging business seeking $100,000 for a 51% stake. The product was a to-go packaging solution for pet food, with no sales yet. Costs 64 cents to make and retails for $2.5 - $3. The food itself is licensed from a pet food manufacturer. So Blake's only play is the packaging. Kevin dismissed the idea as worthless, emphasizing that the only potential value was in the packaging and is out. Mark is out as Blake is very early in his journey. Blake has applied for design and utility patents for the packaging design. Daymond is out since he doesn't think that the patent is enforceable. Barbara is out. Robert is last out as Blake is too early.
Steve Albert, Larry Blackwell, and Jason Conroy pitched "Brewer's Cow," a beer-flavored ice cream, requesting $125,000 for 15% equity. They had $5,000 in sales over the past year and were planning to produce their first run for Whole Foods. However, they revealed that the Whole Foods order was only worth $400, which deterred potential investors. It would take $50,000 in sales to be break even. Barbara and Robert decided not to invest due to the weak numbers, while Mark and Kevin opted out because they didn't believe in the entrepreneurs' ability to succeed in the ice cream market.
Desirée Estrada and Arlene Battishill presented "GoGo Gear," a company specializing in fashionable motorcycle and scooter protective riding apparel. They sought $300,000 for 15% equity to expand into Europe, as they had already achieved $172,000 in sales in the last year. 25 retail stores that cater to motorcyclists. They want to use the money to expand into Europe as US has 7 million riders and Europe has 35 million. Have invested $400,000 into the business so far. Tried to expand into Europe earlier and failed. Kevin is out since the valuation is total out of sync with reality. When challenged Desiree drops the ask to $300,000 for 38%. Mark thinks it is too arbitrary. Mark is out. Barbara is out since she think they wasted away $400,000. Robert is out since the ladies are not focused at all. Daymond knows fashion & Robert knows the motorcycle business. The ladies drop the ask to $300,000 for 50%. Robert is still out, the ladies drop to $300,000 to 65%. Robert is still out since he thinks the ladies are scattered. Daymond accepts on his own.
In an update on a previous episode, "Ride-On Carry-On" entrepreneurs Darryl and Randy Lenz partnered with Barbara to improve their portable child stroller product. With Barbara's help in redesigning the chair with new colors and upscale designs, their sales skyrocketed from $40,000 to $500,000 in just six months.
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