With the hopes of expanding his men’s grooming salons across North America and the rest of the world, Michael Elliot came onto
Shark Tank Hammer & Nails Update
- Entrepreneurs: Michael Elliot
- Business: Men’s Grooming
- Ask: $200,000 for 20% equity
- Result: No Deal
- Sharks: None
At the time of the pitch on
A variety of services are available at these locations. General pricing for any of the services ranges from as low as $30 up to more than $100, depending on the exact type of service. While the sharks were impressed with the idea, they still seemed skeptical as to whether or not the company was worth an investment.
Michael told the sharks that his ultimate vision was to franchise his business and expand that way. Mark Cuban immediately took issue with this vision and respectively disagreed. Mark would be the first shark to drop out. Lori Greiner had too many concerns and didn’t know whether she would ever make her money back, so she also dropped out without making an offer.
The remaining sharks were simply not convinced enough by the company’s pitch to make an offer. Robert Herjavec, Kevin O’Leary, and Daymond John all decided to drop out without making an offer, forcing Hammer & Nails to leave
Now that we know how the company’s pitch went, let’s get a Hammer & Nails update to see whether the company has managed to be a success. The company has managed to remain in business and has several locations around North America. Several California-based locations have been added and the company continues to post updates on its official website.
While Michael did not make a deal with the sharks, his future looks bright! We look forward to seeing what the next Hammer & Nails update will have in store.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!