BITE TOOTHPASTE BITS. UPDATE
Our Bite Toothpaste update research revealed that the company is doing about $4 million annually. Their sales through Amazon and its website remain consistent, despite numerous obstacles. Was this a good move for the company? Keep reading our Shark Tank Bite Toothpaste update to find out.ĭespite not wanting to take his deal, Bite took Mark Cuban’s advice and started selling on Amazon again. They walk out of Shark Tank without a deal. They decline Mark’s deal and then decline Kevin’s counteroffer for 20% equity. Kevin asks what they’re looking to do as far as equity, and the entrepreneurs reveal that they are not going to give away more than 7% equity. Mark is definitely not okay with this lower equity deal.
BITE TOOTHPASTE BITS. PLUS
The entrepreneurs have other ideas and counteroffers for 5% equity, plus 2% advisory shares. When they agree, he offers them $325,000 for 15% equity. He wants the entrepreneurs to try selling on Amazon again (the first try didn’t go so well). Before they can answer Kevin’s deal, Lori Greiner drops out as well, as she doesn’t think it’s a good idea for her.īut Mark Cuban wants to make an offer, too. Kevin makes a surprise offer of $325,000 for a 20% stake in the company. Robert Herjavec, on the other hand, drops out due to the low equity percentage. On the back of these concerns, Katrina drops out of the deal due to the crowded market. It’s a competitive market, and their costs will only increase as sales fall off (once their competitors key in on the market or the fad ends). Kevin O’Leary is concerned, as he often is, about the product not being proprietary. They’d be the only toothpaste tablet company in the US doing this. Lindsay responds that they are looking into formulating an option with fluoride. She stopped using similar products in the past due to concerns from her dentist. Guest shark Katrina Lake loves the product but notes that this toothpaste doesn’t have fluoride. However, it’s the sales that lure the sharks in–they project $1.3 million in sales by the end of the year. They are also the only toothpaste tablet among their competitors that don’t contain palm oil. Bite Toothpaste also sells bamboo toothbrushes.įortunately, Bite Toothpaste has been helped along by going viral.
They sell two flavors: mint, and mint with charcoal, and these flavors are made with natural peppermint oils. The toothpaste tablets are vegan, cruelty-free, and gluten-free. Her solution? Natural toothpaste bits in recyclable bottles, which can be renewed on a subscription service.
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