- Body jewelry; movable basketball training apparatus.
- Sharks in the Tank are Mark, Daymond, Kevin, Barbara and Robert
"The Original Profender" - Tony Devine presented a basketball training device seeking $75,000 for 15% equity. The device is a dummy basketball defender designed to help coaches simulate real match situations for their athletes. It generated $25,000 in sales in its first year and retails for $500. While some big teams can afford it, the average family might find it too expensive. Tony also mentioned a smaller version priced at $200, but it is not ready yet. Barbara and Robert opted out early, with Robert citing concerns about the market price. Daymond and Mark both decided to pass as well, with Mark realizing he doesn't have the time to invest in selling the product personally.
"Nardo's Natural" - The Mastronardo brothers, Danny, Kyle, Keith, and DJ, pitched their line of skin care products, asking for $75,000 for 12% equity. They currently have 17 locations and achieved $30,000 in sales so far, with projected sales of $4.8 million in the next two years. They plan to land 100 accounts in 2 yrs and Average markup is 600%. Only $6000 in unfulfilled offers. While the brothers explained that their slow progress in landing accounts was due to a lack of capital for manufacturing and delivery, Kevin and Daymond still chose to bow out. Kevin found the projections too optimistic, and Daymond had concerns about the ability to scale of the business. Barbara offered $75,000 for 50% equity but with a condition to change the name. Robert passed due to the high valuation. Ultimately, the brothers accepted Barbara's offer.
"Rent-A-Grandma" - Todd Colby Pliss introduced a babysitting service staffed by older women and requested $120,000 for a 20% stake. The company currently generates $20,000 in sales. Grannies get paid $14-20 an hour, while babysitters receive $10-13 an hour, with the company taking 15% of the grannies' earnings. Todd's plan involved franchising, but the Sharks were not convinced he was ready for that yet. Daymond, Barbara, and Robert passed for various reasons, and Kevin found the margins unattractive. Mark was the last one out.
"Litter" - Rachael Mann and Mackenzie Burdick pitched their line of body jewelry, "Litter," seeking $80,000 for a 51% stake in their business. The sisters design custom jewelry and have achieved $150,000 in sales this year, with an average item price of $100 and a $2 production cost. They have gained popularity by designing custom pieces for celebrities and have a deal with Urban Outfitters for a minimum order of 400 pieces. The sisters expressed a desire to focus on designing while the partner handles the business aspects. Robert opted out due to his lack of interest in jewelry, and the girls received offers from Daymond, Mark, and Kevin. Daymond offered $80,000 for 70% equity and a potential salary for the sisters of roughly $250,000 per year. Mark teamed up with Daymond, offering a 50-50 deal, while Kevin made a solo offer of $80,000 for 51%. Despite Barbara's interest, the girls accepted Daymond and Mark's joint offer.
Update on "Pork Barrel BBQ" - Brad and Keith struck a deal with Barbara in Episode 106. Since then, they have opened their first restaurant and successfully expanded their sauce sales nationally, with products available in Safeway, Costco, and 2,000 other stores. Sales have reached an impressive $1 million.
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