About Teddy Needs a Bath
Teddy Needs a Bath is the creation of Nicole Townsend of Huntington Beach, California. Her daughter is constantly getting things dirty, including her teddy bears. She created a washer/dryer bag for stuffed animals. The bag takes multiple smaller toys or one larger teddy.
Teddy Bears need the bag to protect eyes and seems, not only that, they can damage the laundry machines.
Teddy Needs a Bath Shark Tank Pitch
Cost to make the bag overseas is $2.25 and they retail for $14.95. She has been selling for six months and done $12,000. Babys R' US wants them to come to New York with intentions of testing the products in stores. She also created custom scented dryer sheets for Teddy Needs a Bath.
Nicole tells the Sharks she has interest from Walmart, Target, Walgreens and CVS.
Kevin O'Leary is moved because he had to go get an allergy shot and he could never figure out what caused the allergies.
Nicole shares they have tested the dryer sheets with Frigedaire and Electrolux supplying the test labs.
Teddy Needs a Bath Episode Data
- Company: Teddy Needs a Bath
- Entrepreneur: Nicole Townend
- Ask: $50,000 for 10% equity
- Episode Season 4 Episode 413
- Companies in this episode:
- Coffee Julies
- Teddy Needs a Bath
- SubZero Ice Cream
- Litter Featured Update
- Mark Cuban
- Daymond John
- Kevin O'Leary
- Lori Greiner
- Robert Herjavec
- First Aired: 01/10/2013
- Deal:Mark Cuban $100,000 for 30% equity and a 10% royalty until he gets his money back.
What do the Shark Tank Investors say about Teddy Needs a Bath?
- Mark Cuban – Offers $100,000 for 40% equity.
- Daymond John – says she is presenting her product too early, he is out.
- Kevin O'Leary – Offers $50,000 for 50% of the business plus 10% of the sales until he recoups his investment, then the royalty goes to 5%. He offers to drop the royalty portion when Mark Cuban comes in with his offer.
- Lori Greiner – doesn't have a grasp on how big the market potential is, and believes similar products already exist.
- Robert Herjavec – He feels that there is not enough of a market for this product. He is out.
Teddy Needs a Bath after Shark Tank
Nicole Townsend got an even better deal after Shark Tank. Her deal did not solidify with Mark Cuban, but he kept working with her anyway, helping her to build her business. She landed a licensing deal in April of 2013, with one of the largest Teddy Bear Manufactures, Gund.