- A Portland, Oregon entrepreneur has a juice and smoothie cart with blenders powered entirely by pedaling vintage bikes, and a former CIA officer based in Cedar City, Utah teaches customers how to pick locks, escape handcuffs and disappear without a trace with his classes. Former pro wrestler Dallas Page and his business partner in Smyrna, GA pitch a fitness program based on yoga movements which is high energy and zero impact, and a woman from Atlanta, GA pitches her breakfast brand which includes southern specialties. We get an update on Gameface, from Tyler, TX, a temporary face paint transfer in which Mark Cuban and Lori Greiner invested last season.—Anonymous
- In the Shark Tank episode, several entrepreneurs presented their business ideas to the panel of Sharks consisting of Mark, Daymond, Kevin, Barbara, and Robert.
The first pitch was by Ryan Carpenter, who introduced "Moberi," a bicycle-powered juice and smoothie cart. Ryan sought a $50,000 investment in exchange for a 15% stake in the business. However, Kevin quickly identified a limitation with the cart's capacity, as it could only serve one smoothie at a time. Despite generating $70,000 in sales and 20% profits, Barbara and Kevin decided not to invest. Kevin deemed the business not able to scale, while Barbara did not find it investment worthy. Furthermore, Robert opted out for the same reasons as Kevin, and Daymond also declined to invest. Mark's reason for not investing was the high cost of the bicycles at $2,000 each.
The next entrepreneur, Jason Hanson, presented "Spy Escape and Evasion," a spy school that offered seminar classes teaching defense tactics. Jason, a former CIA operative, was seeking a $100,000 investment for a 15% stake. The school focused on teaching skills such as lock picking, escaping duct tape, evading surveillance, and providing field training. Despite having sales of $306,000 and profits of $128,000 year-to-date, Barbara and Kevin were skeptical about the business's potential in Utah, where Jason planned to build a full-fledged field course. Robert suggested up-selling customers, while Mark proposed turning it into a fun and experiential spy school at a lower price point. Daymond advised against building the course in Utah. Eventually, Daymond made an offer of $150,000 for 45%, which Jason accepted.
The third entrepreneur, Dallas Page, introduced "DDP Yoga," a fitness program based on yoga. Dallas, a former pro wrestler, partnered with Steve Yu and was seeking a $200,000 investment for a 5% stake. Dallas shared his personal journey of using yoga to heal his body after a wrestling injury and his success in helping others. With sales of $2.6 million in the first year and over $3 million year-to-date, along with a net profit of $890,000, Dallas aimed to use the funds to launch a mobile app. However, Daymond, who already had two companies in the fitness space, chose not to invest due to time constraints. Mark considered the mobile app business to be riskier and decided not to invest. Barbara believed the team had reached their sales peak and also opted out. Robert followed suit, and Kevin expressed concerns about the company's direction, leading him to decline as well.
The final entrepreneur, Erica Barrett, pitched "Southern Culture Artisan Foods," specializing in pancake and waffle mixes. Erica sought a $100,000 investment for a 25% stake in her business. With $100,000 in gross sales and $62,000 in profits, Erica had secured deals with retailers like Nordstrom, TJ Maxx, and Marshalls. Barbara cautioned against going on QVC due to slim profit margins and advised Erica to focus on big-brand stores. Mark, not being interested in gourmet food, declined to invest, and Robert saw it as a high-end niche and opted out. Kevin made an offer of $100,000 for 0% equity, with a royalty per unit until $100,000 was paid back, and a perpetual royalty of 50 cents, contingent on going to a co-packer. Barbara countered with an offer of $100,000 for 40%. After some negotiation, Erica and Barbara agreed on a deal at 38%.
Finally, there was an update on The GameFace Company, which dealt with organic face masks replacing face paint. After appearing on a previous episode and securing a deal with Mark and Lori, the company's sales had increased from $6,700 before appearing on the show to $200,000 within ten months. The company had plans to license products from sports organizations such as the NBA, NFL, NHL, and NCAA. They were also working with sponsors for the 2014 soccer World Cup.
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