Bubbly Blaster Champagne Sprayer Gun
DEAL
EPISODE SUMMARY
🕓 Air Date: January 15, 2021
Asking For:
$120,000 for 20%
Investor:
Mark Cuban, Alex Rodriguez (50/50)
Deal:
$180,000 for 30%
PRODUCT SUMMARY
Bubbly Blaster is a device that attaches to a champagne bottle, turning it into a fun and exciting champagne cannon for celebrations and parties.
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Background Story
he founders of Bubbly Blaster, Stason and Brad, came up with the idea after attending a celebration where they were spraying champagne. Realizing the fun and excitement it brought to the party, they decided to create a device that could enhance the champagne celebration experience. Stason, with a mechanical engineering background, initially built a prototype for fun.
However, after receiving positive feedback, especially from friends at SpaceX, he decided to create a more professional version. Brad, who had recently completed his MBA, joined forces with Stason to launch Bubbly Blaster as a business. The product, designed to fit any champagne bottle, easily turns it into a champagne cannon that can spray champagne without the need for shaking. Their goal was to make champagne celebrations more enjoyable, less messy, and longer-lasting.
The Product
Bubbly Blaster is a unique device designed to enhance champagne celebrations. It can be easily attached to any champagne bottle, instantly transforming it into a champagne cannon.
The device features a patented system that snaps into place, creating a strong seal and ensuring that champagne can be sprayed precisely without the need for shaking.
The throttling trigger allows users to control the flow of champagne, making it suitable for up-close action or for spraying champagne up to 30 feet away, making it ideal for social distancing at events.
The product is designed to keep the party going longer while minimizing the mess associated with traditional champagne popping.
How It Went
The company’s position before Shark Tank
Bubbly Blaster has seen strong initial success since its launch. The company has generated $560,000 in sales, selling directly through their website and Amazon. Their product is priced at $99.99, with a landed cost of $18.50, providing healthy profit margins. The founders have not taken on any debt and have been bootstrapping the business since its inception.
They are seeking $120,000 in investment to elevate their advertising efforts and increase their inventory, having faced challenges with inventory shortages in their launch year due to high demand. In addition to targeting consumers, Bubbly Blaster sees potential in the business-to-business market, including bars, hotels, restaurants, and event companies. This expansion strategy could further drive sales and brand recognition.
The Negotiations:
Stason and Brad entered the Shark Tank seeking $120,000 for a 20% equity stake in Bubbly Blaster. The Sharks were intrigued by the product’s fun and celebratory nature. Mark Cuban and Alex Rodriguez together made a joint offer of $120,000 for 25% equity, proposing to invest together as a team. This offer was presented as a collaborative effort from both Sharks, leveraging their combined expertise and resources.
After brief consideration, Stanson and Brad asked if Mark and Alex Rodriguez would consider partnering up at $180,000 for 30% equity. The two sharks agreed and Bubbly Blaster left the tank with a deal. This decision was based on the founders’ belief in the value that both Mark and Alex could bring to the business, including their respective track records of success and industry connections.
