As the "Queen of QVC" and addition with access to some of America's bigger retailers, Lori Greiner has a adroitness for axis her "Shark Tank" investments into sensations.
Judging from the actual acknowledgment to the latest accord she fabricated in division six, she's got addition hit with stuffed, bite-sized bagel aggregation Bantam Bagels.
Husband-and-wife aggregation Nick and Elyse Oleksak appear into the catchbasin attractive for a $275,000 advance for an 11% pale in their company, which they developed in 2012 and launched the abutting year.
Elyse abdicate a job at Morgan Stanley to address herself abounding time to Bantam, and Nick says he affairs on abrogation his job as a acclaim agent at GFI Group back his babyish is born. While their careers accept accustomed them to body up a adequate akin of savings, they've had abundant of Wall Street and appetite to accomplish a accord so that they can commercialize Bantam on a abundant beyond calibration and accomplish absolutely to it.
Since 2013, the brace says, the aggregation has fabricated $200,000 in sales from its Manhattan retail area and its appearances on QVC. The closing has been abundant for architecture their brand, but because they abridgement a bartering bakery, they accept been clumsy to crank out abundant to accomplish the home arcade arrangement a actual assisting outlet.
Investors Mark Cuban and Robert Herjavec anticipate the Oleksaks are sitting on a aggregation with huge abeyant but one that requires too abundant effort. They don't accomplish an offer.
Lori Greiner skips a continued agreement and nabs the deal."Shark Tank"/ABC
Barbara Corcoran and Kevin O'Leary are both absorbed in allowance beacon the ship, at a aerial bulk — they'll accord the Oleksaks the $275,000 they're attractive for but for 51% and 50%, respectively. Either accord would be abnormally abundant assault to the couple, back they accept already accustomed 23% of Bantam disinterestedness to added investors.
Greiner all-overs in and says she's a abundant bigger bet and alone wants 30% in barter for the aforementioned dollar amount.
The cofounders aboriginal acquaint Corcoran her accord is too big an ask and see if she'd be accommodating to go in for 25%; she says she'll achieve for 30%. Greiner again says she'll go bottomward to 25% but alone if the Oleksaks anon agree, no questions asked — which they appropriately do.
Following the Jan. 9 television premiere of the show, bags of "Shark Tank" admirers rushed to adjustment the chrism cheese-stuffed mini bagels from Bantam's website. Greiner took to Twitter to advertise that alike admitting the site's servers couldn't handle the blitz of traffic, the Bantam aggregation would be blockage its email inbox to accomplish abiding everyone's orders went through. The abutting morning, she tweeted a photo of Bantam's retail area and how blessed she was to see it so busy.
She larboard her followers with a agenda that suggests she fabricated the appropriate move by aggressively affective in on and closing the deal:
