S16.E11: FlaminGo; Lectec; Joyebells Pies; Bumpeez

[CrazyInAlabama]

New, 2/7/2025

Sharks-Barbara, Mark, Robert, Kevin, Lori.

 

FlaminGo Phone Charger-A portable three-in-one charger. Seeking $100,000 for 20%.  Precharged phone charger, ready to go, three-in-one tip to charge anything.   Very light.   He’s a 4th generation auctioneer.   Charger holds a charge for up to two years, rechargeable.   Margins are great.   Love the inventor.   About an hour to fully charge a latest generation iPhone.   $318,000 in sales in the last year.   This would be great by checkout stands, at convenience stores, groceries, warehouse stores.     Kevin asks if it’s going to be competitive in the electronics market.   Smith is a cattle rancher in Georgia, and this is a side job for him.    The only competitor sells the charger without cords or tips.   Mark is out, Lori went out. Kevin is out, Robert is out.  Smith wants money for trade shows.   Barbara says $100,000 for 25%.   Smith says 22% for $100,000.

Deal with Barbara $100,000 for 22%. 

Lectec Electric skateboard and scooter, a DIY electric vehicle kit. Seeking $100,000 for 10%. Motto is Learn, Build, Ride.  To teach kids about science with projects.    They sell direct to schools/education.  Margins on the full kit is 50%.  $146,000 sales in 10 months.    Lori and Robert say selling to schools is good, but direct to consumer would work too.   He did $1 million in sales during his college years.   No debt.   Barbara is out.  Lori is out.  Mark is out, doesn’t see it as scalable. Robert offers $100,000 for 25%. Kevin offers $100,000 for 10% with royalty $10 per unit forever.    Counter is $15% for $100,000. Kevin says $100,000 at 10%, royalty $10 until he reaches 500,000.

Deal with Robert $100,000 for 17 ½%.     

Joyebells Pies- a take-home sweet potato pie. They have several varieties: peach, sweet potato, apple, and pumpkin, Seeking $600,000 for 10%.    All of the Sharks love the pies, Joye B is a 4th generation baker of pies in her family.     She was homeless, has a mentally ill mother, graduated on time. Lifetime sales of $15.8 million.  $7.7 million in 2023, profits suck.  $4.3 million projected sales for 2024.     Now has shelf stable products.  Margins are dismal, but going to a better co-packer.    Robert is out.  Kevin says her costs/sales are wrong, and he’s out.   Mark is out, over priced ask.   Lori says not $600,000, so she’s out.  Barbara says go with Gold Belly.

No deal.

Bumpeez- Indoor bumper cars for kids. Seeking $100,000 for 10%. A way to bring the fun of an amusement park home.   The cars have builtin seatbelts.  They're very cute.  The cars are character based, inflates in seconds, rechargeable battery, five point harness, and parents can set the speeds, with a remote to operate and limit it for parents.   Robert isn't a good bumpeez driver, Kevin is better. Margins are $60%.  Competition is different, inflatible character is patented.  They could license it, or do character licenses like Disney.  Unfortunately, the cars are made in China.  They sell on Amazon, exclusively.   $520,000 in last nine months.   Projecting $1 million for 2024, and $2 million for 2025.   Mark is out.   They want mentoring and licensing expertise with Disney and others.  Kevin offers $100,000 for 30%. Robert $100,000 for 25%. Lori is out, she says it's too small for her.   Barbara offer $100,000 for 10%.   Kevin goes to 25% for $100,000.  Robert goes to $100,000 for 15%, with Barbara.   Mark says Barbara will be the best for them.  Barbara is out. Now Robert is out. 

Deal with Barbara and Robert $100,000 for 15%, with $5.00 royalty on the first 50,000 units.    

 

Update: Dude Wipes, deal with Mark.   Employ over 200 employees, now in Sam’s Club.  $500 million in sales in 9 years since the deal with Mark.   Gemini on Google is an ad within the update.   Donated over $250,000 in money and product to Crohn’s charities

Edited February 9 by CrazyInAlabama

[DrSpaceman73]

Omg that Jewish guy was so annoying. !!!

Id bet anything deal doesn't happen.  He'd be awful to do business with. 

[KeithJ]

Those Bumpeez guys did not deserve a deal. Barbara offered them exactly what they came in asking for and they should have immediately jumped on it.  Robert then came in and only increased the ask by 5% and they were still pitching to Lori after she was already out.

[CrazyInAlabama]

I'm wondering if they didn't want to do a deal with Barbara?    

Another reason Joyebells Pies had such a poor profit margin is that 315,000 peach pies had to be recalled, didn't mention that did she?   

I've read that the actual sales presentation isn't the 12 or so minutes that airs, but are actually at least an hour, and cut to fit the air time available.   The editing is so inconsistent that some presentations make no sense when answering the Sharks questions.     

Edited February 10 by CrazyInAlabama

[Quickbeam]

21 minutes ago, CrazyInAlabama said:

I'm wondering if they didn't want to do a deal with Barbara?    

That was my thinking, that they’d want a man. The younger man must not be Orthodox, he hugged Barbara. 

[Kleav]

Shark 1: What are your sales?

Entrepreneur: Well, last year—

Shark 2: What do they cost you to make?

Maddening!

[DEL901]

Considering all the emphasis on fun, with the Bumpeez, the kids didn’t seem to be having that much fun.   Robert and Kevin were laughing when they banged into each other, but it would get old fast.   And even with the harness, I can see liability issues.  

[DrSpaceman73]

10 hours ago, Quickbeam said:

That was my thinking, that they’d want a man. The younger man must not be Orthodox, he hugged Barbara. 

But didn't they ask if Lori wanted in?  

[tired and hungry]

3 minutes ago, DrSpaceman73 said:

But didn't they ask if Lori wanted in?  

I think they wanted Lori since they had a patent. (Not sure if it was granted or pending). 

Agreed with others, Barb and Robert should have stayed out. It was such a novelty item. Don't really see kids playing with it for a long time tbh. Also some of the older kids seemed uncomfortable sitting in it.

10 hours ago, Quickbeam said:

That was my thinking, that they’d want a man. The younger man must not be Orthodox, he hugged Barbara. 

Even got some of her makeup on his shirt.  Or maybe it was Robert's? 🤣

Again maybe I missed it but did they ask how much the Electric Skateboard costs or how much it cost to make? 

[DrSpaceman73]

1 hour ago, tired and hungry said:

I think they wanted Lori since they had a patent. (Not sure if it was granted or pending). 

Agreed with others, Barb and Robert should have stayed out. It was such a novelty item. Don't really see kids playing with it for a long time tbh. Also some of the older kids seemed uncomfortable sitting in it.

Even got some of her makeup on his shirt.  Or maybe it was Robert's? 🤣

Again maybe I missed it but did they ask how much the Electric Skateboard costs or how much it cost to make? 

My recollection is  about $350 to buy and $100 to make.  But i could be wrong.   They did say it. 

This is one where they need not one but a line of similar products. 

[tired and hungry]

11 minutes ago, DrSpaceman73 said:

My recollection is  about $350 to buy and $100 to make.  But i could be wrong.   They did say it. 

This is one where they need not one but a line of similar products. 

Yeah I thought so too. Not every kid would want to build a skateboard specifically

[bilgistic]

I laughed at the skateboard guys saying they are selling only to the education industry currently. Teachers have to buy basic supplies for their students as it is. There's no way they're buying a $300+ skateboard kit. It absolutely needs to be a consumer product.

I can see it in a (well-funded) private school or maybe a non-profit child enrichment program like the YMCA has, but a public school classroom? Never.

[Vermicious Knid]

Dude Wipes update was really a Gemini Workspace commercial. 

I have a power bank that lives in my purse, just in case my phone runs down. They are also available pretty much anywhere. But most or all of this guy's sales were through a promotional supplier. Are you 4imprint certain? He should be thinking about getting into drugstores and gas stations but isn't. Actually, he should get those stocked in the vending machines in or by the nightclubs that have the disposable ballet flats and B12 drinks. 

I thought the little bumper cars were too slow. How long before a kid figures out how to override the parental controls?

[Shrek]

11 hours ago, Vermicious Knid said:

 

I thought the little bumper cars were too slow. How long before a kid figures out how to override the parental controls?

However long it is I can virtually guarantee that the parents have already done it or in the case of most added a more powerful battery that doubles the speed.

[Cotypubby]

Noticed at the end Barbara hugged the younger guy but was not shown interacting at all with the Orthodox man. I suspect he did not to work with a woman originally until he realized he was going to lose the deal entirely.

[aemom]

On 2/9/2025 at 12:55 PM, Cotypubby said:

Noticed at the end Barbara hugged the younger guy but was not shown interacting at all with the Orthodox man. I suspect he did not to work with a woman originally until he realized he was going to lose the deal entirely.

I was thinking the same thing, so I was really puzzled by why he seemed to be trying to get Lori into the deal and was ignoring Robert and Barbara. The whole thing didn't make much sense. 

Edited February 11 by aemom

[eel2178]

On 2/9/2025 at 10:55 AM, Cotypubby said:

Noticed at the end Barbara hugged the younger guy but was not shown interacting at all with the Orthodox man.

He is not allowed to touch a woman because she is considered "unclean" if she is menstruating. Somehow, I think that is something he would no longer need worry about with Barbara, so I supposed he could have a least shook her hand.

[Vermicious Knid]

No.

Strictly observant Jewish men do not touch any woman who is not their wife or a close relative. A Rabbi explains why.