Shark Tank Season 6 Recap: Scratch & Grain, Bottle Bright, Vestpakz, EvRewares
“Shark Tank” Season 6 Episode 13 “Scratch & Grain, Bottle Bright, Vestpakz, EvRewares” aired last Jan. 13, 2015 at 9:00 p.m. on ABC. The episode kicks off with entrepreneurs who presents a new and better way to bake from scratch. Read on to know their product.
Leah Tutin and Taya Geiger are the owners of the company. They are seeking $150,000 for a 20 percent stake.
Scratch & Grain offers sets of ingredients for specific delicacies in different packages. The buyer only has to supply butter and eggs.
Talking about numbers, the company’s total sales since its inception 14 months ago is only $52,000. The sharks find it very low. The retail price range is from $7 to $12. Cost to make is $3.89 per package.
Mark Cuban likes the product, but he has “no clue” about that type of business, so he is out. Lori Greiner thinks there are a lot of similar products on the market, so she is out as well. Kevin O’Leary tells the two mothers that they still have a lot to do to boost their sales, so he is out.
Barbara Corcoran likes the product, but she thinks $150,000 is too high for investment of baking products. Robert Herjavec likes the spunk of the two women and trusts them completely. However, he is not knowledgeable about the product. He thinks Barbara can really help them. He offers $150,000 for a 40 percent stake, but the women must convince Barbara to give half of the investment. Barbara finds Robert’s offer ridiculous, so she offers $150,000 as a line of credit for 20 percent stake excluding him. Robert offers $150,000 without Barbara for 40 percent. The women choose Barbara.
The next entrepreneurs are Justin Koehneke and Seth Friedman for Bottle Bright. They are seeking $75,000 for a 15 percent stake.
Bottle Bright is an easy-to-use cleaning tablet that is effective in removing stains and odor from portable drinkware. Just fill the bottle with water and drop the tablet. The tablet dissolves and release chemicals to clean the bottle.
The two entrepreneurs admit that they lost $100,000 from the sales. They trusted the wrong investors. By making a biodegradable film for the packaging after the investors’ insistence, it gave a chemical reaction to the tablets that led to wastage of money.
Kevin is turned off by their failure that he backs out. Robert cannot see the direction of their success because of the existing alternatives, so he is out. Barbara is also out because of the decreasing sales for the past three years. Mark says he does not invest on desperation, so he is out.
Lori disagrees with everything that has been said by other sharks. She thinks the product is a solution to a big problem. She offers $75,000 for a 35 percent stake. The men’s counteroffer is $75,000 for 25 percent. Kevin thinks their counteroffer is ridiculous. Lori’s final offer is $75,000 for 33.3 percent. Her offer is accepted.
The next business proposal is from Arthur Grayer and Michael Wooley for their product Vestpakz.
Vestpakz are bags with different colors, sizes and designs that are formed like vests so children can just wear it.
The sharks are surprised when the entrepreneurs said that they only generated $10,000 despite having their products in 75 branches of Walmart. Mark laughs so hard after hearing that the “kid” who invented the product is already 27 years old. No one from the sharks offers an investment.
The last entrepreneurs are Ellie Brown and Becca Nelson from the company Evrewares. They are seeking $100,000 for 30 percent stake. They sell reusable sticker ties for fun that can fit for any occasion. Kevin loves the product. He thinks the bestseller will be the sticker tie with his face on.
The sharks think the product has limited purpose. However, Mark offers $200,000 for 100 percent of the company. Kevin is appalled because he thinks the product is useless and “a piece of crap.” The two businesswomen ask for a brief moment to talk about it. When they returned, they cannot help but cry as they say yes to Mark’s offer.
There you have it for the recap on “Shark Tank” Season 6 Episode 13 “Scratch & Grain, Bottle Bright, Vestpakz, EvRewares,” which aired last Jan. 13, 2015 at 9:00 p.m. on ABC. Catch the next episode on Jan. 16, 2015. For more updates about this show, including spoilers and recaps, follow Movie News Guide (MNG).
Photo Source: Wikimedia Commons/Lamonttroop