Turbo Trusser Update | Shark Tank Season 14
Turbo Trusser was featured on
Shark Tank Turbo Trusser Update
- Entrepreneurs: Brian Halasinski and Kirk Hyust
- Business: Turkey trusser
- Ask: $100,000 for 10% equity
- Result: $100,000 for 33% equity + $1 dollar royalty in perpetuity
- Sharks: Kevin O’Leary
To cover the margins of Turbo Trusser, the entrepreneurs told the sharks that it costs them about $3 dollars per unit to manufacture and sells for $15 dollars. With more than $90,000 dollars in gross revenue sales in the first nine months of the business, they expect to reach new levels of success in the coming years.
The Turbo Trusser is a rapid trussing device for use with whole Chicken. Just Hook & Cook for a perfect bird every time . Use in Ovens, Smokers, Grills, Air Fryers, Roasters, Rotisserie’s and Deep Fryers. Stainless Steel and Dishwasher Safe
Most of the Turbo Trusser sales come from their official website and Amazon, but they also have a source of revenue from distributors. Barbara Corcoran and Robert Herjavec decided to drop out because it wasn’t investable for them for a variety of reasons.
Kevin O’Leary wanted to make an offer for Turbo Trusser. He decided to offer $100,000 dollars for 33% equity and a $1 royalty in perpetuity per unit sold. After some intense negotiating, Brian and Kirk ultimately decided to accept Kevin’s offer.
Now that we know how the negotiations came to a close, let’s talk about the Turbo Trusser update after
After appearing on
We can’t wait to see for our next Turbo Trusser update to see how things worked out in the long run.
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