Adam and Desiree Haller came onto
Shark Tank SubSafe Update
- Entrepreneurs: Adam Haller and Desiree Haller
- Business: Outdoor Food Storage Containers
- Ask: $50,000 for 13% equity
- Result: $100,000 for 25% equity
- Sharks: Mark Cuban and Charles Barkley
A customer can purchase a single unit for $17.95, while it costs the company just over $2 to manufacture it. With impressive margins, Adam and Desiree were on their way to earning an investment from the sharks. However, Kevin O’Leary still wanted to learn more about the company’s financial statistics for SubSafe.
Whether you call it a hoagie, grinder, or sub, the SubSafe protects your sandwich. The coolest food storage container, it keeps your sub sandwich fresh and dry. Perfect for boating, tailgating, picnics, and in the break room. It’s ideal sandwich storage for nurses and first responders!
The sales numbers were a little bit of a letdown when Desiree admitted that the company has only done $40,000 in sales since it launched. Adam also told the sharks that he raised $37,000 to input into the company by selling his boat. As negotiations started, Lori Greiner was the first shark to drop out because she didn’t believe it was the right investment for her.
Guest shark, Charles Barkley, and Mark Cuban decided to team up to make an offer of $100,000 for 25% equity. The two entrepreneurs seemed very pleased with the offer, so it didn’t take very long for them to accept.
Let’s transition to get a SubSafe update and see how the company is doing after initially securing a deal with Charles and Mark.
The company is still in operation while generating just over $1 million in sales per year. The products can be found on Amazon and in Publix and Bed Bath & Beyond. All of the available recently launched products can be found online on the SubSafe official website. So, it’s safe to say that our SubSafe update is showing good signs for Mark and Charles’s investment.
You can find the other company updates from Season 10 Episode 13 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!