When they return, Daymond offers to assist with licensing and $300,000 for a 25% stake he promises to take them to $20 million in a year or two. Right before the break, Daymond states they’re ready to flush the toilet. Wonderful advises they ask for $300,000 for 20% and then reduce it to 10%. The boys want to hear an offer, and Mark wants to know the bottom line. Wonderful shortly followed, indicating that he, too, was leaving since he thought they were not going to reassess their firm to a pricing range he agreed with.Īccording to Robert Herjavec, you are in love with the future, but you must be realistic about where you are now. Lori Greiner indicated that she was out because she didn’t feel enthused or passionate about the product. Sun-Staches’ main game is licensing, which is why they want a Shark. The men then inform them that Target wants them in ALL of their shops. Wonderful disagrees with the estimate, believing they are worth $2.5 million. The Sharks enjoy the profit margins and the $750,000 in revenue. The goods retail for $7.99 to $12.99, and they are made for $0.75 to $1.50 apiece. They sell online as well as at specialty stores such as Toys R Us and Party City. When the Sun-Staches folks inform the Sharks they made $5.7 million in sales last year, the Sharks take notice. Wonderful, a football helmet for Daymond, and a leprauchaun for Mark (who refused to wear it). They distribute sample Sun-Staches, including a cowboy for Robert, a black cat for Lori, a devil for Mr.
The Sharks are taken aback by that number and amused by the items, but the expressions on their faces indicate that they are not taking them seriously. What happened to Sun-Staches at the Shark Tank Pitch?ĭavid, Eric, and Dan appear on Shark Tank Season 6 Episode 5 in search of $300,000 in exchange for 5% equity. The glasses were available on Amazon as well as at Urban Outfitters, Toys R Us, and Party City. They launched their enterprise with a little $200 and, within a few years, had a whole array of characters ranging from cowboys to pirates and licensed Sun-Staches with sports teams like the Ninja Turtles.Ĭustomers included Bill Murray, Justin Bieber, and a slew of other celebrities.
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