GarmaGuard appeared on
GarmaGuard Update After
- Entrepreneur: Bianca and Peter Badawy
- Business: Natural disinfectant for clothing
- Ask: $100,000 for 10%
- Result: No Deal
- Shark: None
In Shark Tank Season 12 Episode 1, Bianca and Peter Badawy asked the sharks for a $100,000 investment in their company, GarmaGuard, in exchange for 10% equity. Simply put, GarmaGuard is basically a natural spray sanitizer for your clothes. Being a nurse and police detective, Bianca and Peter told the sharks that they got the idea for the product because they felt like they were coming home dirty from work every day and wanted to be clean before hugging their kids.
The sharks seemed interested in the product right off the bat and wanted to know if it would kill COVID-19. While Bianca and Peter were confident it would, they said they couldn’t make the claim without getting it lab tested, which would take 6-12 months.
Launching just 18 months ago, GarmaGuard has already had $476,000 in lifetime sales and is on pace to have around $500,000 in sales by the end of 2020. Further, they have a 20% profit margin on all sales and the product retails for $12.99 and costs $1.85 to produce. However, despite liking the product, the sharks all agreed that Bianca and Peter were doing just fine without a partner and would be able to continue to grow the business without them, so GarmaGuard left
At the time of writing there hasn’t been an official GarmaGuard update yet. However, when we any GarmaGuard after
For updates on the other products featured in Season 12 Episode 1, be sure to check the links below: