EPISODE 7
ENTREPRENEUR: Leslie Haywood, Charleston, SC.
PITCH: Grill Charms, stainless steel identifying charms that you stick in your food before you grill.
ASKING FOR: $50K in return for a 25% stake.
BEST PART OF HIS PITCH: These charms are labeled so you can tell which foods are rare, medium, well-done or spicy once the grilling is done. Leslie has her product in over 100 retail stores in the U.S., Canada and Sweden and made $60,000 in her first year.
DO THE SHARKS BITE: Let's just say it's a feeding frenzy! Kevin O. offers 50K for 50% and puts a 7% royalty on it. Kevin H. offers the 50K but also wants a 50% stake. Both Robert and Daymond want in on the deal with Kevin H. When Kevin H. says he'll only partner with Daymond, Robert offers to give Leslie what she asked for at the start. Barbara, however, is out.
RESULT: Four out of the five sharks want a piece of the action. Leslie had been gunning for Kevin H. because of his expertise, but has a problem giving up 50% of her business. Kevin O., feeling a little left out, offers 50K for 20%. But in the end, Leslie partners up with Robert, as she believes he has her best interest at heart.
WANT TO KNOW MORE: Visit www.grillcharms.com.
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