Romp n’ Roll children’s entertainment center business seeks $300,000 for 10% of business
First the tank was Michael and Babz Barnett and their business, Romp n’ Roll . Romp n’ Roll is a children’s entertainment center franchise, offering gym, art, music classes and camps for children under five. They were looking for $300,000 for 10% of their business. They have 10 locations already, 8 of which are franchised, and brought in $1.2 million, with a 30% profit margin before salaries.
You could definitely tell that Babz dealt with children a lot, because her pitch was very animated. After Barbara went out, Michael tried to convince her to come back in the deal while Robert was trying to ask a question. This could have cost them their deal, but Robert and Kevin offered $300,000 for 51% of the business. The couple countered with 20%, but the sharks would not budge. Michael and Babz walked away without a deal.Sh
3D logoed helmet makers, Hells Bells, requests a $500,000 investment for 20% of company
Marix Stone and Dr. Nancy Tanchel and their business Hells Bells, was seeking $500,000 for 20% equity in the business. Hells Bells produces helmets with 3-D elements on them, they also own the patent to add these unique designs to other helmets. They have sales of $300,000, and sell a helmet for around $175 with a 50% profit margin.
With the hundred $175,000 profit last year Hells Bells, seems a solid investment, but not at the $2.5 million evaluation. The sharks are more interested in licensing the patent, then producing the helmets. Daymond offered $500,000 for 50%, but he would be licensing the patent and not focusing on selling the helmets. They accepted the deal.
The Twister doesn’t entice the Shark Tank for $85,000 investment
Next was Alfonzo Down and his business The Twister a golf ball cleaner that attaches to your golf bag. Alfonzo was looking for $85,000 in exchange for 40% of his business. Alfonzo’s had very low sales only selling in flea markets and online, and was mostly a seasonal business. Now the Sharks were interested and he walked away without a deal.
The Chef in Black salad dressing company requests $50,000 in exchange for 10%
The Chef in Black was next into the Shark Tank, owned by Dorene Humason, they produce their own line of dried salad dressing called Jaden Chinese Salad Dressing and Seasoning Mix. Dorene was seeking $50,000 in exchange for 10% of her business.
Dorene business have a rough start, after getting into 1300 stores she had to pull her product after learning her packaging was offensive. She had mistakenly put a cartoon image of a Japanese prostitute, which is obviously offensive and caused her to redesign her packaging. Dorene was smart, she saw an available market (the dried salad dressing) and produced a product to fill that niche. She expressed interest in expanding into wet salad dressing, but the sharks felt the bigger guys would crush her.
Barbara offered $50,000 for 40% of her business, with the stipulation that they stay with dried salad dressing and expand nationwide. Dorene countered with 35% and the offer was accepted.
InkFlip mail-order cartridge service seeks $150,000
Last into the Shark Tank was Andy Sperry and his business Inkflip. Inkflip offers a mail-order ink cartridge service (Like Netflix for your printers). He was looking for $150,000 for 20% of his business. Unfortunately the last six months he only generated $10,000 in sales, and was unaware of the cost of acquiring a new customer. He simply was asking for way too much money, and all the Sharks were out.
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