ENTREPRENEURS: Heath Hall & Brett Thompson from Washington, DC.
PITCH: Pork Barrel BBQ Sauce, an all American barbecue sauce and spice rub company.
ASKING FOR: $50K for 10%.
BEST PART OF THE PITCH: It's their recipe and both men like to eat and cook. They won 2nd place in The National BBQ Battle in Washington, DC and they just scored a deal to have their products distributed in major grocery store chain. They have $30K hard copy orders right now.
DO THE SHARKS BITE? Robert got burned before on a BBQ sauce before. The key is distribution and there's no guarantee they'll hit their numbers. Kevin points out that they're both fulltime politicians, and they're not nose to grindstone every day on the product. Only Barbara seems willing to invest. She offers $50K for 50% of the company.
RESULT: Even though Barbara affectionately refers to one of the entrepreneurs as a pig (she feels he'd look good in a pig costume pushing the product), the men are not offended. They accept Barbara's offer.
UPDATE: Pork Barrel BBQ founders Brett Thompson and Heath Hall only had their products in three specialty stores before teaming up with Barbara Corcoran. Now, in addition to a Pork Barrel BBQ restaurant, their products line the shelves in 300 supermarkets and will soon be available at a little store you may have heard of called Costco.
WANT TO KNOW MORE: Visit www.PorkBarrelBBQ.com.