Guzzle Buddy Creators Score $400K Deal on Shark Tank
Entrepreneurs Jo Sullivan and Randy Rothfus, creators of Guzzle Buddy, appeared on Shark Tank seeking marketing assistance and an investment of $400,000 for a 10% stake in their company. They received a deal from Daymond John for $400,000 in exchange for a 25% stake.
Guzzle Buddy is a multipurpose wine glass designed to attach to any bottle, preventing spills. It is made of durable, BPA-free, and odor-free plastic, fitting most wine bottles. The product is sold on Amazon for $24.99, with a cost of $3.12 per unit.
The inventors, inspired by watching Cougar Town, have seen significant success with their total wine glass. In just 10 months, they made almost $1.4 million, with $320,000 coming from social media marketing alone. Today, Guzzle Buddy generates $1-2 million in annual revenue and is still active, with a current business registration, recent customer reviews, and an active online presence.
Guzzle Buddy, a unique total wine glass designed to attach to bottles, has proven to be a successful product. With a current Amazon price of $24.99, it continues to generate revenue and maintain a strong market presence.
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