Grease Monkey Wipes Shark Tank Pitch Starts with Flat Tire
Grease Monkey Wipes launched when Erin had a flight on a one hundred mile bike ride. She had a flat and Tim fixed the tire, causing them to get greasy. At that moment, they began to work on a solution to the oily mess problem Erin and Tim came up with the answer and now are bringing it to bicycle enthusiast everywhere.
Season: 1 Episode 113
First Run: 2010/01/14
Sharks: Kevin Harrington, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
Company: Grease Monkey Wipes
Entrepreneurs: Erin Wallen, Tim Stansbury
Ask: $30k for 20% equity
Deal: Robert Herjavec, Barbara Corcoran – 50/50 $40,000 for 40% equity
Grease Monkey Wipes are available at Performance Bicycles stores(the largest bicycle retailer in the country) and other locations taking them from 40 to over 500 retail locations. They have sold over 200,000 units and sales have increased 700%. Units sold coming into Shark Tank total seventy-six hundred.
Erin and Tim are now working Grease Monkey Wipes full time. They are selling their individually packed wipes that are designed to clean the dirtiest messes of grease and grime with the portability of individual wipe packets.
Grease Monkey Wipes cleans grease, ink, paint and permanent marker.
The most significant problem that Erin and Tim have leading up to Shark Tank is creating awareness of the grease cleaning portable packets. Shark Tank solves that problem, and now Grease Monkey Wipes is known Nationwide.
What do the Shark Tank Investors say about Grease Monkey Wipes?
Kevin Harrington doesn't think the product is unique enough, so he is out.
Daymond John is into the product and presentation, but it is not his area of expertise. He is out.
Kevin O'Leary disdains the lack of a patent and nothing proprietary. He's out.
Barbara Corcoran loves Erin but goes out before coming back in to do the deal partnering with Robert Herjavec.
Robert Herjavec hesitates, but he loves the push and passion from Erin Whalen, so he makes an offer, and they accept just as Barbara is coming back in. She offers to go 50-50 with Robert, and he agrees. They have a deal.
You can get Grease Monkey Wipes on Amazon with free two-day shipping using Amazon Prime.