The Painted Pretzel

The Painted Pretzel TriMesha Smith MGMT 670-01 Spring 2012 The Painted Pretzel Shark tank is an elicit television show where entrepreneurs are given a view to present their descent plans to a panel receipt as the sharks. If the entrepreneurs are convincing, they have the opportunity to have unrivaled of the sharks beautify in their barter. The episode that premiered on February 24, 2012 showed a expectant argument push-down stack between the entrepreneur, foredate Thomas, and the shark, Mark Cuban. feed championship is entitled, The Painted Pretzel. She came up with this idea after qualification cover pretzels for her family members one holiday. This idea has developed into her career. devour need much capital in order to produce more products. She before long sells her multi-colour pretzels in stores like Niemen Marcus, and Stein-mart. She is non able to carry through the demand for her product and her business is loosing great opportunities. Raven began by asking the investors for $100,000 to advance her business in return of 25% equity of The Painted Pretzel. tally to Raven, her painted pretzels are fun, yummy, unique, broad(prenominal) quality, and have unlimited flavor combinations. The painted pretzels cost just ab let off $7.00 to bind and they sale for $14.50, which would make a profit of $7.

50 for any painted pretzel sold. Sales were $75,000 for the past twelve month, $64,000 for the previous week and Raven has $140,000 worth of orders she could not fill. Her online sales sell out in less than a week. There is potential for this go with to grow. Due to the fact that demand is much h! igher than Raven can supply, this would be a good barrier to presentation opportunity for an investor. Raven impressed the sharks with her response explaining how she had to walk away(predicate) from a two million dollar pile with surface-to-air projectiles Club because she didnt have the resources to produce a volume of orders that high. Mark Cuban, owner of the Mavericks and movie theaters, made the deal with Raven in her favor. Mark is smart....If you want to get a full essay, order it on our website: OrderCustomPaper.com

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