Eggmazing Update | Shark Tank Season 9
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.
Decorate your own eggs! Have hours of fun creating special egg designs all year long
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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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!