Ride On Carry On Luggage on Shark Tank
|Very Happy Entrepreneur's|
Randy and Darryl Lenz
make deal with Barbara Corcoran
|Ride on - Carry On Stroller|
Attachment for Carry-On Luggage
When Darryl and Randy walked into the Shark Tank they were asking $50,000.00 for a 25% equity stake in their luggage business. Darryl spent the last 27 years as a flight attendant and seen first-hand how this unique product could help thousands of parents while traveling within the airport. The Lenz's had zero inventory at the time they went in front of the Sharks, but had 2000 unfulfilled orders waiting to be produced. Randy knowing this was Jeff Foxworthy's first appearance inside the Shark Tank, came prepared with a Red Neck Joke concerning strolling you're kid's around the airport on your luggage which was kind of funny if you think about it.
A few of the Sharks started going out when Barbara Corcoran (who was mentioned in the video above) decided She had heard enough and offered the Lenz's exactly the investment they were asking for, $50k for 25% of the Business. Kevin O'Leary smelling a lot of money in the air decides to make his own offer of $50k but only wants 20% of the Ride On Carry On Business. But he wants them to stop all their manufacturing and stop selling the luggage/stroller on the website. Instead Mr. Wonderful (this was also the first time Kevin ever used his self-appointed name BTW) wants the Lenz's to find him two large luggage manufactures and he'll close a licensing deal with them. Without much hesitation, Randy and Darryl gladly accept Barbara Corcoran's deal giving up an additional 5% equity.
Ride On Carry On Shark Tank UpdateThe deal with Barbara Corcoran did indeed get completed with the Lenz's receiving a $50k check as agreed upon during the Show. Using this capital to further redesign the Ride On Carry On Stroller as we'll as upgrade the website, sales quickly exploded to over a half a million dollars soon after they appeared on the Shark Tank. They now have distributors all around the world carrying the Ride On Carry On Stroller with Amazon being the #1 Distributor in the USA
Ride On Carry On Site
Like "Ride On Carry On" on FaceBook