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10 MOST SUCCESSFUL deals ever made SHARK TANK
"Discover the 10 Most Profitable Deals in Shark Tank USA's History"
Shark Tank, the popular American reality TV show, has had over 1200 pitches over the years, and some of these ventures have gone on to become hugely successful businesses. Here, we highlight the 10 most profitable deals made on the show.
More successful shark tank deals includes;
Cakes from Kodiak
Kodiak Cakes, a company that produces hotcake batter, made its first appearance in 1982. The company was already highly successful when it appeared on Shark Tank, with its products available in major retail stores such as Wal-Mart, Safeway, and Albertsons, and an estimated $1 million in sales from Target stores alone that year.
The Tickled Elf
Evan Mendelsohn and Nick Morton quit their jobs to start Tipsy Elves, a company that sells ugly Christmas sweaters, in 2011. Their use of premium fabrics for their original designs sets them apart from competitors. Within two years of starting operations, sales exceeded $900,000, and the company had reached over 200 nations. Robert Herjavec invested in the company, and its sales have since increased to over $125 million.
The Just Fit Board
The Simply Fit Board is a workout board that tones your core by making you balance. By the time it appeared on Shark Tank, it had already sold 28,000 units and generated over $1 million in sales. Although its sales aren't as high now, the product is still available in over 50,000 retail locations.
The Squatty Potty
The Squatty Potty, a stool that helps you to have a more comfortable bowel movement, was created after its creator suffered from constipation. Before appearing on Shark Tank, the company had already sold over 10,000 units and had scientific evidence to support its effectiveness. With the help of Lori Greiner, sales increased to $164 million in five years.
The Comfy
Brian and Michael Speciale entered the Shark Tank with their Comfy, a blanket that resembles a Snuggie. Despite initial skepticism, the Comfy sold itself, and the duo ended up making a deal with the sharks.
The Scrub Daddy
Scrub Daddy is a reusable scrubber shaped like a smiley face that changes texture based on the temperature of the water. The product was an instant hit, and the founder, Aaron Krause, made a deal with the sharks for $200,000 for a 16% stake in the company. Since then, the Scrub Daddy has become a household name and is available in major retailers such as Bed Bath & Beyond and Walmart.
Groovebook
Groovebook is a monthly subscription service that sends its customers a selection of photo prints and phone cases. The company made a deal with the sharks for $150,000 for a 10% stake in the company, and its success has since continued to grow.
Tipsy Scoop
Tipsy Scoop is an artisanal ice cream company that infuses its ice cream with alcohol. The company made a deal with the sharks for $150,000 for a 15% stake in the company, and it has since expanded its offerings and distribution.
Wicked Good Cupcakes
Wicked Good Cupcakes offers gourmet cupcakes in jars, delivered right to your door. The company made a deal with the sharks for $75,000 for a 20% stake in the company, and it has since continued to grow and expand its offerings.
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