Susan Knapp brought her company onto
Shark Tank A Perfect Pear Update
- Entrepreneurs: Susan Knapp
- Business: Gourmet Food
- Ask: $500,000 for 15% equity
- Result: $500,000 for 50% equity
- Sharks: Kevin Harrington and Robert Herjavec
With more than $700,000 dollars in gross revenue sales, Susan told the sharks that her company would only net a profit of about 2%. That’s a very small amount of money, but the sharks agreed that there may still be something interesting about A Perfect Pair as a gourmet food brand.
A Perfect Pear was already in more than 600 stores at the time of appearing on
Kevin O’Leary decided to make an offer of $500,000 dollars in exchange for a whopping 70% equity in Susan’s company. Daymond John made a slightly less greedy offer by only asking for 51% equity in exchange for his $500,000 dollars. Kevin Harrington and Robert Herjavec decided to team up and make an offer of $500,000 dollars for half of the company.
After an intense set of negotiations, Susan decided to accept Robert and Kevin’s offer of $500,000 dollars in exchange for 50% equity. Let’s quickly get A Perfect Pear update to see how Susan’s company has progressed since Season 1.
After a short-term boost to her company, Susan was ultimately forced to close her business in 2010 after it had a small level of success. Our A Perfect Pear update research confirmed that the company no longer in business and has been closed for a little more than a decade.
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If you’d like more updates on Season 1 companies, be sure to check out our Season 1 product page.