Rent a Goat Shark Tank Pitch
Rent a Goat provides cost-effective, eco-friendly, and super cute weed removal using Goats instead of pesticides and machinery to clean out weeds. You landscape your properties in a safe and eco-friendly way at a competitive price. The goats go where machines can't and they naturally fertilize the land.
450 goats eat an acre day. 70% of Mike's customers are homeowners associations and municipalities. Weeding costs $2700 an acre with a person. The goats run between $400-1200 an acre.
Rent a Goat is bringing 450 goats into San Diego. They are projecting $200,000 first year sales based on $1,000 a day. The website existed since 2010, but did not generate any revenue yet.
Rent a Goat Episode Data
- Company: Rent a Goat – Website
- Entrepreneur: Matt Richmond and Mike Cannaday
- Ask: $150,000 for 25% equity
- Episode Season 5 Episode 505
- Companies in this episode:
- First Aired: 10/18/2013
- Deal: No Deal
What do the Shark Tank Investors say about Rent a Goat?
- Mark Cuban – likes the business model but there is no barrier to entry. You buy goats and your in business and for that reason he is out.
- Barbara Corcoran – says it is totally dependent on the Mike's in the world. You have to locate them and convince them to be decent managers. She is out.
- Kevin O'Leary – says he could start this business, and Mike challenges him that he can't. He tells him that he would be buying Kevin's equipment within three months, giving him half what he paid for it. He would be the Goat Shark. Kevin is out.
- Lori Greiner – likes goats, they are cute. She sees they do an excellent job clearing weeds. The problem is they are too early. She is out.
- Robert Herjavec – admires the idea, but the business plan is a little bit all over the map. He is out.
Rent a Goat after Shark Tank
The company is servicing all of California, and offers a franchise opportunity. So far, it is unknown if they have any franchisees out of California.