|3 Designs of the SBU as Focus Designs Continues To Improve On The Self Balancing Unicycle|
The SBU Unicycle has completely blown the Shark Tank Success Blog away. WOW- this super cool new toy/transportation has probably shut down FocusDesigns Website during The Shark Tank Show. Did I say WOW!!! Daniel Wood & David Martschinske are the owners and inventors of The Self Balancing Motorized Unicycle.
|Even Adam from Myth Busters can lift a SBU|
balanced while you just sit on it and enjoy the ride. Obviously there is a learning curve to get to Wood's and Martschinske's level of riding one of these. But they sure make riding one look easy.
Daniel Wood & David Martschinske were asking the Sharks for $300k for a 10% stake valuing the unicycle business at $3 million. They have already sold out the first 100 SBU's at $1800 apiece and claim they have enough interest to do over $1 million in profit within the first year. After airing on the Shark Tank I think they might have to set their goals much much higher.
Focus Designs also owns the patents on this motorized unicycle and claimed during the show the cost to make is only $350 each. That's a really good profit margin but I still want one. This leaves a lot of room to reduce the retail cost of the SBU in the future as they gain in popularity. Then again, with Kevin O'Leary now owning a piece of the company, that might not be happening anytime soon.
|Adam from Myth Busters riding SBU|
"Look Ma - No hands"
Congratulations Kevin O'Leary and Robert Herjevic on a Great DealKevin, glad to see you finally was able to close a deal. It's been awhile ya know. O'Leary and Herjevic ended up paying a combined $300k for a 33% stake in SBU technology. This product will make all of them very very Successful!
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