Eggmazing was represented by Curtis McGill and Scott Houdashell during Season 9. The company’s primary product was a unique decorating kit for eggs. Curtis and Scott came to
Shark Tank Eggmazing Update
- Entrepreneurs: Curtis McGill and Scott Houdashell
- Business: Decorating Kit for Eggs
- Ask: $350,000 for 7% equity.
- Result: $350,000 for 10% equity + $2.00 royalty
- Sharks: Lori Greiner
The sharks were quickly informed about the Kickstarter campaign that Eggmazing had launched during the 2016 calendar year. The company managed to raise about $8,000 before fully launching before Easter 2017. A single egg-decorating kit costs customers about $30. The kits include several markers and decorating tools for eggs.
Eggmazing told the sharks that they had just over $1 million in dedicated purchase orders. A single kit costs them about $5 to produce. While the sharks were impressed with the product margin, some of them still had concerns.
Barbara Corcoran admitted that she was interested and wanted to make an offer of $350,000 in exchange for 15% equity in the company. Kevin O’Leary offered the money as a loan, but Curtis and Scott were not interested.
Lori Greiner decided to make an offer of $350,000 for 10% equity and a royalty agreement of $2 per kit. After considering their offers, Curtis and Scott decided to accept Lori’s offer at 10% equity. Let’s get an Eggmazing update to see how the deal with Lori Greiner went after the
Eggmazing has introduced new themed kits for other holidays, including Christmas. The company sells in a variety of retail stores like Target and Walmart. Customers can also purchase egg decorating kits from Amazon’s online marketplace. The company is projected to generate more than $2 million in gross revenue during the 2022 calendar year with Lori Greiner as a partner.
While this is likely a pretty seasonal company, having Lori on board has brought this Eggmazing update to new heights!
You can find the other company updates from Season 9 Episode 23 here:
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