Grease Monkey Wipes
Grease Monkey Wipes Makes Successful
Deal on the Shark Tank Show
The couple came in prepared with a reasonable valuation for their new invention and seemed determined to make a deal with the Sharks.
Erin pulls out some conveniently packaged Grease Wipes and passes them out to all to the Sharks. Tim Stasbury then starts to explain that each individual wipe is a natural, non-toxic, citrus based cleaner to handle heavy duty cleaning. He then explains "these are not your ordinary cleaning wipes but are specifically made for much tougher cleaning jobs".
It's time to get a little greasy when Whalen pulls out an ordinary wet wipe and tries to clean her hands full of engine grease. The wet wipe moisturizes hers hands but does little to remove any of the grease. Her hands are still stained when Kevin O'Leary says "that's nasty". Whalen then grabs a Grease Monkey Wipe and almost miraculously the Grease (and the stains) disappear. They then demonstrate their wipes on permanent markers, paint and even crayons and they are all wiped off with very little effort.
Kevin O'Leary seems rather intrigued and asks if they have a patent for the Grease Money Wipes. Stansbury explains if they had a patent they would also have to disclose the actual "natural ingredients" they have perfected and he is not too excited to give this information to potential competitors. Kevin Harrington asks "doesn't this product already have a lot of competition in the industry"? Robert Herjevic actually answers the question for Tim and Erin when he says " most of the products specifically made for tougher grease type cleaning jobs are filled chemicals, where as the Grease Monkey Wipes are all natural and non toxic and they smell good".
The Sharks like the idea and the presentation but they all have reasons not to invest in the company. All of them but Robert Herjevic who is seen doodling some numbers and almost waiting for the other Sharks to get out of his way.
Erin starts looking maybe just a little worried at this point and looks at Robert with a look that would be impossible to say no to. Walen then says "I promise if you partner with us, we won't let you down". Robert is impressed as says "they are the Real Deal". Robert is still on the fence thinking if he can bring enough to the table to make money with the Grease Monkey Wipes. He asks Erin to give him a good reason to invest with them in one sentence. She promises him again, they will make Monkey Wipes a fantastic successful national brand. He finally agrees to give them exactly what they are asking for without any negotiating. Barbara Corcoran is stunned. She says she was just to go back in and make an offer. Corcoran asks Herjevic if she could come in for half the investment? Robert agrees and together now control 40% of the Grease Monkey Wipes for only $20k each.
As Tim Stansbury & Erin Walen were leaving the room Daymond John says "Wow- I was also about ready to jump back in the deal". The more Tim and Erin explained the product, the more the Sharks were eating it up. If Erin and Tim had a little more time they most likely could of made a deal with all the Sharks. No Doubt this is a Great Product and WILL go international in record time.
Watch Grease Monkey Wipes Follow Up Update After Shark TankTim Stansbury & Erin Walen probably had very little idea how successful the Grease Monkey Wipes would become so soon after the show. With the help from Barbara Corcoran and Robert Herjevic they are indeed on their way to make this a national brand. The product is selling so fast that they were invited back to the Shark Tank in Season 2 as the Success Follow-up Story in week 5. They took the product from 40 stores to over 500 stores within that time and sold over 200,000 Monkey Wipes. What began as a hobby is now a very successful full time business for Stansbury and Walen.
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