1/12/2024 0 Comments Cheese chopper shark tank update![]() ![]() They up the equity to 12 percent, then Barbara comes in with an offer of her own: $400,000 for 10 percent - and if she can’t bring their sales up to $400 million in two years, she’ll give them half their stock back. But before she makes them an offer, we have our second viewer poll: Do you have a hard time picking baby boogers? The results clearly have no real impact on Lori’s decision, who comes in with an offer: $400,000 for 10 percent… but she’d like Mark to go in with her. So, he offers them $400,000… for 10 percent of the company. ![]() Believe it or not, he says, he doesn’t have a nose picker in his portfolio. ![]() ![]() This year alone, they’re on track to do $5.4 million in sales - and $1 million in profits. Since 2015, they’ve made over $15 million. It’s an $8 million valuation, but they have the sales to back it up. 2: BABY BOOGER PICKER | Sina and Nina Farzin enter the Tank seeking $400,000 for five percent of their company: Oogiebear, a product line that helps children (and parents!) breathe more easily. Lori matches that offer, then Daymond jumps back in - same offer! Jeff and Stacy came in hoping to partner with Daymond, so they accept his deal. After seeing the results, Robert makes the couple an offer: $200,000 for 15 percent. ABC then opens the polls for viewers at home to weigh in during the commercial break. Robert then turns to the studio audience for a show of hands, to see how often the average American buys new underwear. Barbara make them an offer - $200,000 for 20 percent - but it significantly reduces their valuation. (When their time is up, you can literally plant your pants!) They’re on pace to do $500,000 this year, but they’ve valued the company at $4 million - ouch! Also not in their favor: One pair of their eco-friendly skivvies costs between $20-24, which is more than the average American can afford. 1: COMPOSTABLE UNDERWEAR | Jeff and Stacy Grace enter the Tank seeking $200,000 in exchange for five percent of their company: Kent, maker of the world’s first compostable underwear. Recognizing the bars' potential as the Keto diet swept the nation a few years later, Scharfman decided to bring them back, with a bold new marketing strategy: And so Just the Cheese was born.PITCH NO. After a few failed attempts at bringing Wisconsin cheese overseas, he decided that his best chance at success was to revive one of his father's former creations: a baked cheese snack bar sold at the height of the Atkins diet craze. As the trendy diet fell out of favor, so too did the snack bars. Ultimately, Scharfman walked away from all three.īorn into a family of local cheesemakers, Scharfman worked in his father's cheesemaking factory. Lori Greiner jumped back into the tank to offer $500,000 for a $0.15 royalty, and Mark Cuban returned to offer $500,000 for a 15% stake. Wonderful), who offered $500,000 for a $0.20 royalty per bar sold, forever. A couple of the sharks pointed out that similar products were already on the market, but Scharfman insisted that Just the Cheese was doing it better. Unconvinced, all of the sharks initially declined to make an offer except Kevin O'Leary (Mr. Although most of the sharks seemed to like both the product and Scharfman in equal measure, they had their reservations. ![]()
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