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Snarky Tea pitched by Mrs Wonderful scores Shark Tank Deal

Snarky Tea pitched by Mrs Wonderful scores Shark Tank Deal

posted on February 4, 2018

Jenny Lynn Williams steps into Shark Tank pitching her Snarky Teas. She is after one-hundred-fifty thousand dollars in exchange for twenty-five percent equity. The blends are all for women, but she does walk into the tank wearing a pink jacket with Mrs. Wonderful on the back.

Snarky Tea flavors pitched in Shark Tank

She has a Snarky Tea that is “Calm the FK Down Tea,” “Fierce B*tch tea,” “Wake the Fk up Tea,” and “Get Your A** in Bed Tea.” These are perfect as a gift.Snarky Tea - Shark Tank

Company: Snarky Teas
Entrepreneur: Jenny Lynn Williams
Website: http://www.snarkytea.com
Ask: 150,000 for 25% equity
Episode: Season 9 Episode 908
Sharks: Mark Cuban, Bethany Frankel, Kevin O'Leary, Lori Greiner, Robert Herjavec
Deal: Kevin O'Leary and Bethany Frankel $150,000 for 50% total

Eighty-Five percent of their sales are through their website. Fifteen percent is done retail through boutiques. They have done $190,000 in eight months. Customer acquisition is $11. Each tin costs $4.34 they sell for $12.99 a tin.

What the Sharks say about Snarky Tea

  • Lori Greiner finds the cute and gimmicky labels are not long lasting, she is out.
  • Robert Herjavec doesn't see people buying tins of tea online, so he is out.
  • Mark Cuban talks about Amazon is creating their brands to compete, and Amazon is going to crush you. He is out.
  • Kevin O'Leary wants to be a 50/50 partner for the $150,000 and wants to make it a part of his wedding packages
  • Bethany Frankel is making the same offer for $150,000 for fifty percent.

She asks Bethany and Kevin to consider partnering. Kevin wants fifty percent so that they have twenty-five percent each. She counters him at forty-two percent and then goes to forty-nine percent. Mark Cuban is trying to talk her out of giving up fifty percent, but she makes a deal with Kevin and Bethany.

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Filed Under: Shark Tank Tagged With: Episode 908, Season 9, Shark Tank Season 9

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