The Shark Tank isn't the only place you risk a bite. BuggyBeds addresses bedbugs that are crawling in places like hotels, gym bags, and more. The product gets rid of those nasty pests that are lurking just waiting to taste your blood.
BuggyBeds Early Detection System Shark Tank Pitch
BuggyBeds is an early detection system to make you aware of bedbug infestations. Maria and Veronica make their pitch to Shark Tank looking for a deal. They are seeking help in getting into the retail market. Keep in mind this system is designed specifically to attract bedbugs but eliminate the infestations. The sealed product container makes the bedbugs detection system safe to use anywhere.
Did you know that more than half of all homes have bedbugs? The insects can go up to eighteen months without eating, and they feed on you! They eat blood. they are flat and thin, according to BuggyBeds, as flat and thin as paper.
Season: 4 Episode 1
First Run: 2012/09/13
Shark: Mark Cuban, Barbara Corcoran, Daymond John, Kevin O'Leary, Robert Herjavec
Entrepreneurs: Maria Curcio & Veronica Periongo
Ask: $125,000 for 7% equity
Location: New Jersey
Deal: All five Sharks for $250,000 for 25% equity
Bedbugs congregate everywhere including luggage, the bed, cribs, in clothes, curtains and more. Rodents are wherever people are because they feed on you. They leave a mosquito-like mark, with tracks on your skin. They eat blood and is deposited as excrement after they have digested it. You could have dried blood on your pillows or linens as a sign that you have a bedbug infestation. BuggyBeds will help you to know for sure if you have infestation issues in your home or on your possessions.
Bedbugs are in clean and dirty places
Don't be fooled into thinking bedbugs are only found in unclean places. They are at school, in hotels, in airports and luggage month other places and will get into your home undetected.
BuggyBeds launched six months before their Shark Tank appearance. They come in with $150,000 in sales and already landed a deal with Burlington Coat Factory and Home Depot. Additionally, they have rejected an offer of five million dollars for the trademark and patents. And, best of all, they have $100,000 in profit on those sales.
Bedbugs infestations easily get out of hand with a single female bug capable of laying up to 500 eggs. Maria Curcio and Veronica Periongo created their non-toxic product to be an early detection system for bed bugs. They have created travel packs for hotel rooms, as well as the regular traps for use in your home.
BuggyBeds has Patents as a design in thirty-four countries, and Trademarked of the name and logo is in forty-two countries, and the utility patent is pending in fifty countries around the world.
Maria and Veronica are bringing manufacturing in house because it is very easy and cost effective to do in house. The retail price is $6.99 to $8.99 with cost at $1.35. They also sell multi-packs, as well as additional product lines.
They did a test market in twenty-nine stores with BuggyBeds selling out in ten days. A local Walmart manager just looked at it and offered an end cap in front of the registers.
Shark Tank Investors Bite on BuggyBeds
All Shark Tank investors want in on this deal, and all of them are talking with Mark staying quiet. Mark said he is going to remain silent and let the other Sharks negotiate so he can see what happens.
Kevin O'Leary throws out the first offer giving $250,000 in for 25% equity. He also invites his fellow Sharks on the deal. Daymond John commits to joining Kevin O'Leary's offer. Kevin wants to work on the Walmart deal, and Daymond John said he would take it to 7-11.
Barbara Corcoran makes an offer that they have to accept now; she is going to give $150,000 for 15%. She wants them to do it with her, not the “boys.” They don't respond to Barbara Corcoran, so she takes the offer off the table.
Mark Cuban offers to do the deal with all the other Sharks, so he offers to go in with everyone at $250,000 for 25% equity. Veronica wants Mark Cuban to sweeten the deal by teaching Veronica the Cha Cha Cha; they have a deal.
BuggyBeds After Shark Tank is One of the Most Successful Deals
After Shark Tank, BuggyBeds generated $1.2 million in sales in 2016 and is going strong. BuggyBeds sells in over twenty countries worldwide and is expanding locations. The bedbug market continues to grow as one site claims that the CDC and Orkin report that reports of infestations are doubling each year.
If you take time to look at the reviews on all the different websites, you will find that BuggyBeds doesn't have a perfect five for five stars, but consistently ranks in the four-plus stars. More importantly, they have a significant amount of reviews on each site, which means that they do have strong feedback and they must work to get that kind of a rating.
BuggyBeds Product Additions
Maria and Veronica added new BuggyBeds products after appearing on Shark Tank. Flea & Tick glue traps for pets, Mosquito repellant bands, mattress and pillow protectors are all new products being offered by the company.
The company recommends using BuggyBeds at home, in your child's crib and drawers, in dorm rooms, the car, and when you travel, giving you the best detection protection possible.
BuggyBeds are available on Amazon in several different packages. They come in four packs, twelve packs, travel crib sets and more.