Saavy Naturals is a skincare line that you can eat! Husband and wife team, Hugo and Debra Saavedra make their products in their kitchen factory to ensure the integrity.
Saavy Naturals pitch the skincare product in Season 7. They don't have chemicals in their food grade quality products.
Hugo and Debra previously built a ten million dollar company that they lost control by selling majority interest. They needed cash to operate.
Hugo and Debra already have incredible relations in the industry. Products retail between $6 to $15. Their margins are between 40-60%. They invested $350,000 in launching their business.
Saavy Naturals carries $400,000 in debt from family and friends.
Company: Saavy Naturals
Entrepreneurs: Hugo and Debra Saavedra
Ask: $200,000 for 10% equity
Companies in this episode: Wink Frozen Desserts, Saavy Naturals, Clean Cube, Simply Fit Board
Season 7 Episode 707
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 11/06/2015
Deal: Barbara Corcoran at $100,000 cash, $100,000 line of credit plus she will fund future purchase orders for 40% equity.
What do the Shark Tank Investors say about Saavy Naturals
- Mark Cuban has Simple Sugars, and because it is competitive, he is out.
- Lori Greiner loves their story, and they are a great couple. Her thought is it is a very competitive space. She is out.
- Kevin O'Leary thinks Saavy Naturals has no value.
- Barbara Corcoran is good with people, and she knows that Hugo and Debra are good people. She agrees with Kevin that the business is worth nothing. Barbara offered to give them $200,000 for 50% of the company. She could help them run the company because she is the opposite of them. They countered for less. Barbara said she is out. Barbara comes back in and offers $100,000 in cash, and another $100,000 as a line of credit, and will fund purchase orders for a 40% equity position.
- Robert Herjavec offers $200,000 for 45%
After Shark Tank – Saavy Naturals
Saavy Naturals got the deal with Barbara, and then I see that there is a parent company to Saavy Naturals. The company is called Trimax corporation and is an over the counter traded stock. Trimax is on what is known as Pink Sheets where people buy and sell penny stocks. They are currently trading at $.18 per share.
And, I might add, I do not see anywhere that confirms that Barbara Corcoran completed the Saavy Naturals deal. If she had, I doubt the company would be an over the counter, Pink Sheet stock.