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Title : furniture aquarium stands
furniture aquarium stands
these are the sharks. five powerfulself-made investors worth billions. tonight they will make or break thedreams of hopeful entrepreneurs. in the tank, the sharks are ready to invest using their own money, but only for the right person with the right idea. we put all our blood, sweat, and tears into that company. don't cry about money. it never cries for you. in the worst economic time since the great depression, the sharks are the last chance for entrepreneurs to get the financial backing they desperately need.
the offer is a million dollars for 10%. what? [laughter] why are you being so greedy? i've made you a good offer.what are you gonna do about it? do you want it? who are the sharks? kevin o'leary knows how to make money. he started a software business in his basement which he eventually sold for $3.2 billion. barbara corcoran. this fiery real estatemogul turned a $1,000 loan into
a real estate empire worth hundreds ofmillions in the shark-filled city of manhattan. kevin harrington is the king of infomercials. his genius marketing of products such as the obama coin and the rock-and-roll stepper have amassed billions of dollars in sales. daymond john literally turned rags toriches with his clothing brand fubu which has grossed over $6 billion in worldwide retail sales to date. and robert herjavec who sold hisinternet companies for over $350 million. now this self-made technologymagnetic is a venture capitalist and runs his own software company.
if the sharks hear a good idea, they'll fight each other for a piece of it. robert just offered you nothing and told you to pound sand.... no i didn't. i didn't do that. i gave 'em a shot at the brass ring.you're giving him nothing. but first the entrepreneurs must convince the sharks to invest the full amount they're asking for or they'll walk away with nothing. would you consider? if you do counter, i will counter that's what i love about money. it has no soul. it doesn't care. ♪♪♪
first into the shark tank is todd wilson who has been unable to get a loan anywhere else. he's come to the shark tank for his last chance to get the money he needs to grow his business. i'm tod wilson from somerset, new jersey. i'm the owner of mr. tod's pie factory. [customer ordering food] there's a big demand for our piesespecially little sweet potato pie. the people are lined up today. it's freezing outside,
so they want something warm and tasty. a lot of people talk about makingfresh pies. we actually do that. these are raw north carolina jumbo yams. we process anywhere from, you know, 5,000-6,000 pounds of yams a week. we're here at the pie factory. i got a fresh batch of pies coming out the oven. some hot apple pies. we sell over 3,000 pies a day all going through this one oven.good afternoon, todd's pie factory. pies are my livelihood. i mean this is what i do for a living. i take it very serious.
when i first started, i was eager. i was younger. i made some bad decisions. bad decisions that cost me everything. okay, how do you like your coffee? i've sacrificed a whole lot. i'm on my third bank loan. it's not an option anymore, so i have no other resources i'm just tapped out. do you have any coconut today? right now i just need someone like the sharks to believe in me. okay, man. good seeing you, alright. hello. my name is tod wilson from somerset, new jersey.
in exchange for $460,000, i'm offering you a 10% stake in america's next greatest food brand, mr. tod's pies barbara: thank you. got some great samples for you today. sweet potato pie... wow!! what is that? what did i just try, todd? that is the buttermilk coconut pie. that is fantastic. thank you very much. we've got sweet potato up there, pecan, chocolate pecan, and as you can see,i believe in my product
who's the walking stuffed guy? that's mr. pie man. he's part of the brand. where you selling these right now? well, right now, our major market is on the wholesale side and we sell a sweet potato pie. and this is what has made me a local brand in the area. this is real stuff to the tune of almost a million dollars in sales last year selling these pies. come on. hang on you got a milliondollars in sales last year?
$850,000, sir. did you make money on your 850,000 sales? yes, sir. we've been averaging about 20% a year net income. really? yes, sir. for wholesaleand a retailer. so todd. you're selling these pies. you're doing a million a year...$850,000. you got a cute little mascot who follows you around. what's the problem? why are you here?
well, the problem is i can't keep up with the demand. i've got everybody from national foodservice chains to local and national fast food restaurants that want to carry the product. in particular, my sweet potato pie. that's my bell cow. what percentage of your $800,000+ in sales is the sweet potato pie? well, the sweet potato pie represents94% of my wholesale business which is about 50% ofthe $850,000. so half of the revenue comes from one flavor? that's correct, sir.
how many flavors do you have? over 30. why? well, we're a wholesaler and a retailer. yeah, but it's so clear right away here that if you were the sweet potato pie guy.... ....that's all you need to be. what's the unique aspect of the pies? it's a family recipe. it's a recipe that my mother and i have been working on for the last 15-20 years.
once you get the money, are you going to build a new oven? what are you gonna do? the majority of the money, approximately $300,000, will go towards outfitting a production facility. and we also want to get some type of street team level marketing going where we go out intothe cities and push our pies. how did you get into the pies? i got into the pie business because my competitor, i helped them start that business prior to going to college. when i finished college i decided it was time for me to move out on my own.
my first time out i got an mba in the streets when i realized i started off too big too soon. i spent the next four months living in my car. i regrouped. got myself back together and i said, "lord. give me another chance." six-seven years later, i've got two locations and a booming wholesale business. tod, don't cry about money.it never cries for you. kevin's wrong. if you're emotional and you're great at something, the money will follow. yes.
i think you're not doing this for the money. you did this to prove something and you're successful because you're passionate about it. let the guy cry about it. the guy loves what he does. what's wrong with that? make no mistake. i am here to makemoney. i might be a nice guy. a little overweight, but i'm a businessman too. this is a professional business: wholesale. you don't sell to kids on the street. why the mascot? we take the pieman into the schools. we have a program: pies for good grades.
these are the things that have helpedmake me successful the second time around. they told me don't spend that kind of money on that mascot. and it's been phenomenal. it's giving me my money back a hundred times over. you have hard copy orders with peoplesaying, 'here, here's an order' that you can't meet production on? well, there is a very big nationalfast food account that's gonna allow us to open up and mr. tod's kiosk within their store. what is the name of chain?mcdonald's what? mcdonald's?
this sweet potato pie is to the southern united states and african-american community, what the bagel is to the suburbs. fast food chains like mcdonald's, do the majority of their business in inner-city markets. they need to have a product on their menu board that's representative of the people who do business with them.. todd. i like you. i love the story..., ...but i'm not gonna give you the money. i'll tell you why i'm not going to give you the money. i'm afraid if i give you the money, you're going to start cutting corners and trying to
expand to quickly again, like you didbefore, and and i'm not sure that this business can be ramped up by an infusionof cash. for that reason, i'm out. todd, i would want 51% of your company. maybe more. i would whack the stuffed pie guy. he's a cost i don't need. and i would try and drive margins just wholesaling one sku: sweet potato pies. your sales would be cut in half.you'd make a lot more money. i don't get emotional about pie. i don't get emotional about money. i just want to make more of it and that's how to do it. but it doesn't fit in your world. so i'm out.
thank you, sir. you know, todd, $460,000 for 10% gives you about a $4.6 million value that you're putting on your business and that's a tremendous multiple. so on that basis, i'm out also. narrator: three sharks are out. todd only has two more chances to keep his business alive. barbara? daymon?what do you want to do? narrator: three sharks are out
barbara and daymon are still in. will one of them give mr. tod the financing he desperately needs. damon? what do you want to do? i'm not out, but i don't want to go in for as much money as you need. so who do we have left? how about you, daymon? can you come in with me on this? because can i tell you. i love what i hear and i have no doubt you don't have to learn the same lesson twice. i'd like to go in for half, but i need twice the equity. $230,000 i can give you, but i want 20% for that.
daymon? you know what? this is a very tough decision for me to make because you remind me of me. but i would need 50% of the company. and then if you want to go in half, we'll go half on it. but i would also need to see orders - real orders. because how your customers paying you at the moment? on the wholesale side is mostly cash.cash customers. that cash in this... in thiseconomy is gonna dry up. well, i certainly understand what you're saying, sir.
you know, i recently read an article in a magazine and they talked about the seven best industries for the recession and one of them was comfort foods. i like to say when we're not feeling good, we feel a little down, you go get something that makes you feel a little better. and that's what mr. tod's pies does. tod, stop for a second. who doesn't love pie? stop for a second cuz this is one of those moments. you gotta really think about thisbecause you're a good guy. i don't want to leave here and make a mistake.
you came in here only ready to give up 10%. if you accept their offer, you'll begiving up half of your company. think about it. would you consider.... in exchange for me accepting that... if you do counter,i will counter. i like that. how do you like those pies? see? all of a sudden, the all fun, emotional stuff out the window.
that's what i love about money. no emotions; no tears.just reality. are you going to give us an answer? yes or no. i'll take it. congratulations. thank you very much. i don't even like sweet potato, but i'm happy... thank you very much. [overlapping talking] congratulations.good luck to you, tod.
good luck to you as well. i'd still wack the pie guy. [laughter] it was tough giving up half my company,but it saved my business and it's going to help take it to the next level. next up is darrin johnson who hopes his innovative new product will send the sharks into a frenzy. my name is darrin johnson and i'm here today to explain the ionic ear investment opportunity.
how much money are you looking for? i'm looking for a million dollars for 15% ownership stake.... oh yeah! what we have developed is an implantable bluetooth technology. if you are one of the 40% of the users of bluetooth technology that currently own it, you know that just the natural rhythm, walking many times and perspiration, the technology will fall off your ear. if you answer the call to quickly, many times the bluetooth device will become dislodged.
i'm sorry, where are you implanting this?into another device? what are you implanting this....? no, it's actually going into your ear. in your ear? how? you're pushing it in? if i could direct your attention to the first slide.here is the surgery locations. this is just underneath the ear.... this is surgery location? this is surgery. you would be under anesthesia.[laughter] barbara: god. you guys are so close-minded. please let him finish. okay, okay. thank you .
at the base of the device is a battery. within its center are bluetooth electronics and at its tip a microphone, a speaker and an ac charging port. stop right there. back to surgery 101. darrin, we're gonnawe're going to operate on people? yes we are. daymon: we're going to sticksomething in near their brain. no, no, no.... now we may not puncture there.... you know what. i can sum up where i stand on this already. it's pretty disturbing and it freaks me out.
i'm already out. how do i charge it every night? so we have the the ac charging port.... so you stick that needle in your head every night to charge it? yes you would. sharks: okay. wait. whoa, hang on! are you.... seriously... like, seriously....a needle?it's like a small q-tip cylinder that would dock.... what happens if you miss, darrin? you can't miss. you can't miss? there's going to be safety features built into it.
darrin, i need to be clear on this beforei write you off as a nut job which i'm trying not to do.... i appreciate that. ...but i have to understand. a team of doctors implant it in your neck below your ear? sure. and then you stick something in your ear in the evening, something the size of a q-tip or smaller to charge it every night?something the size of a q-tip, a cylinder that delivers ac charge at a very triple low..... [laughter] i'm out! how do i do an upgrade? i go back and get another operation?
you would have to go in and receive an additional operation. do you see a problem with that? sure, there certainly is issues....darrin, i have a problem with that. i am out. this is the weirdest damn thing i ever heard. the first time that you heard of breast implants, what did you say? i love it. right. [laughter] but, as a woman [laughter], as a woman would it be something that you immediately want to do or would it take market acceptance and a lot of testing and a lot of medical trials for people to accept the idea?
have you told anybody else, except us in the room, about this? yes i have. and you're still walking around free i see. sure. don't call me, i'll call you. i'm out. okay. i appreciate that. darrin, here is insanity. here is genius. you're somewhere. nevertheless, i'm out. thank you.
did you see the size of that thing that he wanted to put in your ear?! one time in the shower, you're gonna just short out. he's so far ahead of his time. thank god i won't be alive when his time comes. yeah. next into the shark tank is kevin flannery who desperately needs an investment from the sharks to keep his dream alive. my name is kevin flannery and i'm from cary, north carolina,
and my product is wispots. so this is my home office whichdoubles as my little girls play room. this is where i spend the better part of my day making things happen. i'm a former marine or once a marine, always a marine. i have been working in the wirelesstechnology for nearly 20 years. [on phone] hey mark, it's kevin flannery. i wanted to give you a call and let you know that we decided that investors can take partial units. i left my previous position so i could put all of my time, energy and effort into wispots. hi, angel!
i have funded my business through mortgages on my home. forced now to put it up for sale because i just can't keep up with the two mortgages on the home now. which, it hurts, because that was my dream home. it's where my youngest daughter was born... it gets me emotional. i think about it.... dear lord, give us grace for this wonderful food we are about to receive, amen. amen. family is everything to me.i didn't grow up with family. i bounced around foster home to foster home for the better part of my teenage life. so it's extremely important for me to be agood father and to take care of my
family and i do anything and everythingi can to make sure my family knows that i love them more than the air i breatheand that i'm fighting hard to build a future for them. hello. my name is kevin flannery. i'm thepresident and ceo and founder of wispots - the future of waiting patiently. i'd like to thank you all for letting me takea dip in your tank. i hope you don't bite. [weak laughter] i'm here seeking $1.2 million in funding for a 10% equity position in my company. whoa! you better have a ton of sales.
okay. wispots is a business, aninnovative business model, that is six years of research and development in the retail health care and media space already in place. what's the product? as you see here is our patient interaction center. i'm sure all of you had to go to thedoctor's office and you take your loved ones to the doctor's office. your choiceshave been read an old magazine or watch some boring content on a screen. with the wispots patient interaction center, patients can walk in, pick up any one of the five wireless web pads, take them back to their seat,
check-in, fill out surveys, sign up for clinical trials, request educational information, surf the web, check and send emails, play games, all for free. then when they're done, theyjust put it back in the charging cradle. and it provides a revenue source for the doctors, so the doctors want it in there. okay, we get it. walk us through the economics. who pays for this in the doctors... pharmaceutical companies, media buyers and advertisers. how much does it cost to put that tray with these screens in a doctor's office? a little over $9,000.[shark whistles] $9,000? mmm-hmmwhere does the $9,000 come from?
the doctor's pay for it, but there's...it's a no-risk opportunity. never gonna pay for it. they already are. i'm getting contracts in place as we speak. you're saying you do have doctors that have given you $9,000? doctors have signed contracts.here's the catch it's the captive eyeballs that the media buyers want to see. if you could get back to the money because i don't understand it. the doctors have signed contracts for $9,000 each...? ...contingent on you getting ad sales?it's a little complicated.
they either pay upfront or they pay at lease fee, but they don't pay us until we fill 'x' number of real ad real estate. kevin, if you're frustrated in the doctor's office and your tree isn't there and you want to check your email,what do you do? if you brought your laptop, you can use your laptop, but.... is there another device that could allow me to take my email with me? i wonder if anyone's invented that. this isn't just about email. it's about content delivery and most doctors office's now require you to turn your phone off when you walk in and....
kevin, have you put money into this on your own? i have put over $550,000 of my own money. i've mortgaged my home twice. i've mortgaged my home twice. i've taken my kids college funds. my 401k. all my savings and an amount of debt on my credit cards. [barbara sighs] wow.stop right there. i'm gonna do you a huge favor. here's how i think of my money.
soldiers. i send them out to war everyday. i want them to take prisoners and come home. so there's more of them. your army? every soldier dies that you send out everyday. when you have no soldiers, you're wiped out. that's the game of life. stop this madness. i am so out. i'm thinking you're not understanding.....i mean...the inter.... we're fully understanding.
i have a fundamental problem with the concept. you know, if it's not about email because you can do emails with your phone, it's about advertising, but i'm not goingto pick that up just to look at ads. i have to say i'm out okay. you know what? i have to say i respect your enormous commitment to this idea. that you'd go at such risk, but youknow what takes a lot more courage? quitting. you're risking your children'scollege and you're home you're living in.
i can't...there's nothing. i want to give them something. yes, but you came from nothing and your mortgaging what you have. stop. anyway, i'm out. narrator: four of the sharks are out, but robert seems conflicted. kevin, i feel so bad for you. my mom and dad and i were immigrants to the country. we came here with nothing on a boat. i'll tell you, my dad's a factory worker.never made any real money ,
but i learned something from him. you always have to save your money soyou don't put your family at risk. you've got to take care of your family first. here's belief and here's being a fool. don't cross that line. appreciate all your opinions.thank you very much. god, that was heartbreaking.that's the dark side. this is the problem with false encouragement. you know, most people never get a chance to meet a bunch of people
who've done it before and get some real unbiased advice. next up, tiffany krumins who is sure shehas an idea that will make millions. will she sink or swim with the sharks? my name is tiffany krumins. i live in auburn, georgia. it's a tiny little town with about 1,000 people. it's got one light. i love living here with my family. i am a nanny for a little boy named gibby. yay!!! he is a big part of my life and actually oneof the biggest inspirations for my product. i found over the years, working with kids and now having my own,
that there's little things that you have to come up with to get a kid to do what they need to do. whether it be clean their room or take medicine or eat their peas. open wide!![laughing] i know that i'm gonna walk in andthey may think that this girl is from some tiny little town in georgia anddoesn't know what she's doing, but i have hope that they will just be blown away with my idea. hi guys. i can see you saved all the money for me! that's good. it's still laying there.
my name is tiffany krumins. i'm from auburn, georgia, a city you have never heard of. it's tiny. about a mile wide. it has one light, but i have a great idea for you and hopefully you will want to invest in that. i'm asking you ladies and gentlemen, lady and gentleman, for a $50,000 investment. in turn, i'm offering you 15% of equity in my company. for the past 2 1/2 years, i've worked with a little boy named gibby and i'm his nanny. he has down syndrome and because of that he gets ear infections a lot. it came time to take out that medicine dropper every time and gibby would go from angel to pro-wrestler
i mean he just did not like the process.so i thought to myself, 'there has to be a better way to do this' so i'd like to show you - emmy. this is her. you take the medicine dropper out, you suck up the right amount of medicine, put it back in and you would approach your kid. and you would, or the child you're watching, and you press the button, [emmy - 1...2...]
this is a saying i came up with on my own. she says '1,2,3 open wide' and then she tells them a good job. [emmy - good job] and as you're doing that you press it out in their mouth and it works every single time. i don't care what your kid hates, they will open their mouth and smile and it will work. this is a homemade prototype and i'dlike to hand these out to you guys... but it's only for ear drops? no, sir. he had ear infections so we had to take medicine orally. it's for oral....yes, it's all for oral.
barbara: any medication?. but you could, i guess, hang on. but doesn't the child, at some point, look at that elephant and say, 'that elephant gives me a lot of badmedicine' and get unhappy with.... well, i had an idea about that. don't give him one.[laughter] but do you think that would happen after a while they'd associate this snout with just a lot of ill-tasting stuff? well, they associate it already with a medicine dropper, so i assume,
no, i think they could eventually like this. and it's not ill-tasting anymore. they flavor it. they can make it cherry. they can make it all.... it's not really the flavor so much. it's the process. do you have a patent on this? no, i don't. not yet. i did a patent search, but i never got to the.... nobody else has patented anything similar? no, nothing. have you looked into molding this? getting a mold made? for this?
no, i haven't because last year when iwent for my patent search they told me they recommended not going to factoriesand that kind of stuff because i would obviously i have to tell them what i'm making. right. so to be completely honest, this is the point that i'm at. i know i have a good idea. i know i'm a hard worker. i know that it works. what would you like to use the $50,000 for? a patent and hopefully aworking prototype. have you tested this repeatedly against a child's interest in it,
again and again to see if they tire of it? i feel like i've tested it on thehardest child i could ever test it on. gibby, the little boy i worked with.listen. first of all, i just want to say it warms my heart to see that you care so much, but how do i personallyprofit from it? right. you could make a lot of money...but it's not a business. it's an idea. we're talking about selling that right there for about $10. i totally believe what you're doing. i just don't know how to make money with it. i'm sure people said that to you though about your company, didn't they?
and you know what i did? i got down like a dog and bit their ankles. it wasn't just about a medicine snorting elephant. it has to be bigger. it has to be bigger. it's gotta be a business.it can be. there's nothing wrong with what you're doing. it can be one. and i want you to profit from it, but in my mind, there's no place for me in this equation. you mean you're not putting your money in?
no, tiffany, i'm out. tiffany, do you really need my $50,000? absolutely. why? in order to do the things that i need to do next. the patent, the prototype. i think you could walk into one of the big companies, make a sales call, go through what you did here cuz you did a great job with it. and make the sale. and work on a licensing deal. and you're done. maybe. i might be able to do that.
for that reason, i'm out. you know what? i like the idea. i like you, but it's an item. it's not a business. i look for things that have a little bit of a track record. you know, by the time you get done tooling this and getting the samples and the molds and the engineering the patents and all of that, that's gonna take some time and obviously some money. although, i think it might be able to work, i have to say i'm out.
narrator: four sharks are out. barbara is tiffany's only remaining chance to bring her dream of emmy the elephant to life. tiffany, i'd like to speak up. because i love this idea.okay. and as much as i like the product, i love you. the problem i have with this deal is it's too rich. 15% of $50,000? i'd have to like dream at night hoping to get my money back long term. but if you're willing to give me the majority share of your business,
and i'm a good guy to be in business with, if you could give me 55% of your business, i'd be very happy to hand you over that $50,000. what happened to all the love? i love this lady! what happened to all the love? the numbers gotta make sense. so the numbers for me make sense at that different point. tiffany, i've made you a good offer, i really believe. a genuine offer. whatta gonna do about it?do you want it? tiffany, i've made you a good offer, i really believe. a genuine offer.
whatta gonna do about it? do you want it? $50,000 for 55%? is there any way to talk you down? i'm trying to play hard-ball, can you tell? am i doing a good job? [laughter] not good at all. i know i'm not good at that. which is where your charm is by the way. i'm not good at that. well, i'd understand completely that one of the most important parts
of this whole process is what you all know, where you've been, how far you've gotten, the connections you have, so, that to me means really more than the money. i mean there's ways to get the money. you know what? i'd love to take your offer. i'm so happy! we're gonna make money on this together. alright! great! you're gonna like me a lot more than these guys, trust me. they're actually all very nice to me. they're nice but they didn't give you the money. they didn't so i guess they weren't too nice were they?
just the beginning. yes, it is. thank you very much. congratulations. congratulations, that was great. thank you. hey, you know what i loved about this girl? she showed great passion and more than anything else, she reminded me of myself. i saw myself looking at her. there's no way that girls not gonna make it. i'm excited because i think it's gonna be a really big opportunity. her mentorship is gonna be the best part. narrator: next up are omar soliman and nick friedman who want the sharks
to invest in a spin-off venture of an already successful business - college hunks hauling junk. will the sharks bite? how's it going. my name's omar soliman. this is my business partner nick friedman and our business is college foxes packing boxes. the educated choice in professional organizing, moving preparation and unpacking. imagine you were getting ready to move from a house you've lived in for 30 years. you literally have a lifetime worth of belongings that you need packed, sorted, decluttered and unpacked.
who would you rather handling your personal belongings? this unprofessional, unlicensed, uninsured mover or [laughter] these professionally trained, enthusiastic college foxes packing boxes. but omar, the problem is, who'd my wife wanna have do the moving? what are you looking for? we're looking for $250,000 for 25% equity in our company. and when you invest in a business, it's not just the idea you're investing in, but the people behind the idea.
you want someone that's cut from the same entrepreneurial cloth as you. savvy, driven, a proven winner. omar and i founded our first business, college hunks hauling junk, which is now the largest and fastest growing u.s. based junk removal franchised opportunity. inc. magazine recently named omar and i top 30 entrepreneurs in america under 30. wow. an entreneapuer magazine named college hunks hauling junk the top 30 new franchise opportunities for 2009. very impressive.
and we plan to leverage our economies of scale, our software, our call center, our marketing plan, our client base and our franchise program to grow college foxes packing boxes.... so the hunk business is not on the table? the college hunks..... you have a successful business? but you don't want to sell me that. you want to sell me a new business. exactly...well... why...., would i ever give you a dollars for one i have no idea if it's gonna work or not without getting a piece of what's working. when really it's just an extension of something you've already built.
we're not idiots up here. i mean if you want to get $250,000, is that the number? yes. we're gonna take a huge piece of your existing business. are you gonna work in the fox business? well, we're gonna hire a cfo, a chief fox officer, sharks: yeah, no, guys, guys! i can't wait to see her! i'm gonna give you my money and then you're gonna put your energy into the hunks?
it's peanut butter and jelly because you're gonna benefit..... but you have the peanut butter. you're not giving us the jelly. you gotta package both businesses. what are your sales? for college hunks hauling junk or college foxes packing boxes? forget foxes. the one that's working. we netted $500,000 last year. wooo.... we had a profit margin of about 20%. ka-ching! this is why we gotta have the hunks.
hey, that may not sound right on tv, hang on! i think the attractive thing that you've offered here is that you have built this infrastructure and the exsisting success that you've already proven if you're gonna leverage it in, let us have a piece of that also. guys, i'm gonna make you an offer right now. i'll do 51% for $250,000. for what? the existing business. everything. [laughter] everything. don't laugh so fast buddy. it's not easy to come up with $250,000.
be very careful. never laugh at money. think about that. why don't you offer us the hunks and the foxes for a dollar amount. i'm serious. why don't you start again? go back out and start again. come back in and make us an offer on the overall business. they have to be combined. it's gotta be one business. that's the only way the deal makes sense. i mean we didn't come on here to give them anything of college hunks hauling junk, right?
right. i mean we started that from scratch with no investment. they don't see that $250,000 investment can send college foxes packing poxes to a 70 franchise location in 2 years? you want to throw in a number? we're talking about a very viable, successful business here. we can't sell it short. okay, guys. whatta say? look, we built college hunks hauling junk from a cargo van to a $3 million company
in three years. we put all our blood, sweat and tears in that company. there's no way we can sell ourselves short for that amount that you offered of $250,000. take it or not? they said no, okay? what's your offer? what's your offer? offer's $1 million for 10%. what!? [sharks laughing] are you guys out of your minds?
bear with me... guys, i want to tell you something right now. you will never, ever, either of you get to this side of the table doing a deal like that. ever. you know why you're wearing those ties? you're pigs. pigs get slaughtered. you're asking for ridiculous valuation. crazy, insane. your business isn't worth $10 million.
it's worth maybe, if i'm being really generous $600,000. there's a huge difference. how could i.... how do you get that number? we have one location in dc that profits $300,000 a year. i'm just talking about numbers. why are you being so greedy? we're not being greedy. we just.... what do you think? i'm an idiot. i'm gonna give you a $10 million.... i totally understand. now you're pissing me off. look, why don't you stop this crap and deal with reality. you really think you're worth $10 million?
i believe the business is worth $10 million. i believe in five years, the business will be worth $10 million. oh, i'm so frustrated. i'm so unhappy with you guys. so...? you're right. i'm out. thank you. so that means you get to stop talking, right? yes. oh my..... that's a good attitude. that's a good attitude, but i gotta tell you, never insult money. okay. so.....uncle kevin's out. uncle daymon?
i would just be uneasy with the fact of young girls, me profiting offa that because that just feel, you know, the calls would be a whole bunch of guys in trenchcoats. "hey, i need to move again." i'm, i'm out. these guys have done a great job of building the business to this point, but they're valuing their business based on where they're gonna be in the future. we're valuing the business on where it is today. so, i'm, i'm out. i have no doubt in my mind you're gonna suceed at your business
just as you did the first business. but i think you want us to pay now with what it's gonna be worth 5 years out and that's a tall order. nobody's comfortable like that. i'm sorry. i'm out. narrator: four sharks are now out. only robert remains in. this is a tough one. i think you did a really good job of being confident without being arrogant. when somebody insults you, you shouldn't insult them back, but you should stand up for yourself.
so i like that. here's my problem. you wanna use$250,000 to take a risk on the foxes. i have a problem with that. well, what if we came to the table.... hang on a sec. i'll make you an offer. let's go 50/50 on the foxes and give me 10% for my investment in taking faith in you, give me 10% of the hunks for my $250,000 also. interesting structure. that is a great deal. yeah. and i am a great guy. so, you're saying $250,000 for 10% of college hunks hauling junk
and 50% of college foxes packing boxes? think of the 10% in the hunks as my collateral in case we crash and burn on the foxes. whatta wanna do? narrator: four sharks are out, butrobert has an offer on the table. will nick and omar accept it? so, you're saying $250,000 for 10% of college hunks hauling junk and 50% of college foxes packing boxes? that is a sweetheart deal. [whispering] whatta doing?
we're gonna pass on the offer. ohhh.... that's just not... in our view, fair, based on the blood, sweat and tears we've put in the business and the upswing that college hunks' potential has. omar? nick? bad mistake. i think we're all out, thanks guys. alright. thanks for your time. too bad. [whispering] should we have taken the money? no, i don't think.....
i still like them! i like them a lot. they're hustlers. he shoulda taken my offer. my offer was a good offer. you overpaid so much. that's what kills me. he didn't see the fact that i was willing to overpay. and yet, he still said no. what does that tell you? it tells me i can be a real jerk like you and still end up in the same place.... you know what? i have no problem telling a guy who's a pig, he's a pig, and he's a pig. that's why it's called the shark tank. it's not called the bunny tank.
they smelled blood in the water. they saw a successful business and they just jumped all over it.