Shark Tank Update
Shark Tank Pitch
A Perfect Pear Shark Tank Update
Published:
2m
Napa Valley, CA
| Name | A Perfect Pear |
|---|---|
| Main Presenters | Susan Knapp |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 2/1/2010 |
| Main Location | Napa Valley, CA Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | All Sharks went Out |
A Perfect Pear Shark Tank Pitch
Susan Knapp created a jelly company, A Perfect Pear, which does about $700k a year in revenue with a 2% projected profit this year. She is in about 650 stores and seeks money to fulfill orders she can't otherwise obtain from a bank due to the recession.
Susan has put over $800k into the business, which Kevin O'Leary quickly sidelines as irrelevant and in the past. After several offers come in, Susan steps out to think for a second.
With all the offers around 50%, there is some back and forth on that significant 1%, that determines who has a controlling say in the business but ultimately, 50% holds, and a deal is made with Kevin Harrington and Robert Herjavec.
It feels a little bit scary to give up 50% of my company but knowing that my intent is to have this be a $20 million company over the next five years, what's 50%?
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $500k for 15% of company | |
| Sharks | Offered | Kevin O'Leary | $500k for 70% of company |
| Sharks | Offered | Daymond John | $500k for 51% of company |
| Sharks | Offered | Kevin Harrington | $500k for 50% of company |
| Sharks | Deal | Kevin Harrington, Robert Herjavec | $500k for 50% of company |
| Sharks | Out | Daymond John | Out |
Kevin Harrington
Made Deal
Daymond John
Out
Kevin O'Leary
Offered
Barbara Corcoran
Robert Herjavec
Made Deal
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 1 | 7 |
A Perfect Pear After Shark Tank
Susan Knapp did an interview in 2009 after Shark Tank on YouTube https://youtu.be/MWfIKAn49sQ where she said Robert was going to be more hands-off and Kevin Harrington more hands-on so they modified the deal to only move forward with Kevin who helped get A Perfect Pear on the Home Shopping Network.Link Preview
YouTube
In season 1, episode 7, Susan Knapp gave an update that A perfect Pear was on Home Shopping Network and sold 1600 units. Susan says sales went from $8k a month before Shark Tank to $80k a month after.
A Perfect Pear shut its doors in February 2010.
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