For that reason, Robert decided to make an offer. Robert said that he felt Lori was the right partner for Byron, but he wanted to be involved too. Kevin returned to the valuation, and because he didn’t agree with it, he was also out. This left two sharks – Robert and Lori. Kevin questioned why then he would not sell his product in big furniture stores, and Byron said he felt the product needed to be demonstrated in order to sell.īyron said he was there in the tank to not only get capital but to secure a strategic partnership with a shark. Daymond took this as his cue to leave, and he was out. Mark Cuban spoke next, and said he didn’t feel he could help scale it further, so he was out. Byron answered he had been at it for eleven long years. Robert Herjavec asked Byron how long he’d been selling CordaRoy’s.
Byron said he sold out of his own retail store at the Mall of America, and had a run on QVC. In his own opinion, his business was underperforming.ĭaymond John asked for details regarding where products were sold. Byron shared that he had grossed $1.4 million in sales, but he personally was disappointed because the infrastructure was meant for a $5 million business. Kevin was pleasantly surprised, and continued asking more cash-related questions. Byron unflinchingly answered that CordaRoy’s both was worth the $1 million as indicated by his offer’s valuation, and that they collected $200,000 profit in the previous year’s sales. Kevin O’Leary was unconcerned, more interested in what Byron could share regarding the $1 million valuation and his sales.
0 kommentar(er)
