Marz Sprays – Vitamin Sprays
DEAL
EPISODE SUMMARY
🕓 Air Date: October 12, 2012
Asking For:
$200,000 for 10%
Investor:
Lori Greiner
Deal:
$200,000 for 25%
PRODUCT SUMMARY
Marz Sprays offers a line of oral sprays for health and wellness, including multivitamin immunity blends, energy sprays, and sleep aids, designed to make it easier for people who have difficulty swallowing pills to get the nutrients they need.
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Background Story
Brandon and Keith Marz, a father and son duo, founded Marz Sprays to address the challenge of swallowing pills, which affects over 100 million people in the United States alone. Brandon, a father of two boys who refuse to swallow pills, recognized the need for an alternative delivery method for vitamins and supplements.
Together, they developed Marz Sprays, leveraging their expertise in health and wellness to create a full line of oral sprays formulated with essential nutrients. Their dedication to improving health outcomes led them to invest in product development and marketing efforts, including infomercials, to raise awareness about their innovative solution.
The Product
Marz Sprays offers a diverse range of oral sprays tailored to different health needs. Their products include C-Spray, a multivitamin immunity blend rich in Vitamin C; and Kids Spray, formulated with real nutrients from fruits and vegetables.
Slim Spray, designed to reduce food cravings with the help of doctors and PhDs; ReBoot, an energy spray packed with Vitamin B-12; and Sleep Spray, containing well-known sleep aid ingredients. \
These sprays are easy to use and offer targeted benefits, providing an efficient way to supplement one’s diet. Available for purchase online and in select retail locations, Marz Sprays are priced competitively, offering value and convenience to consumers seeking to improve their health and wellness routine.
How It Went
The company’s position before Shark Tank
Marz Sprays has seen promising sales figures, generating approximately $125,000 in sales within nine months of introducing their initial product, Slim Spray. They have secured distribution deals with retailers and wholesalers, including a pending licensing agreement with a major pill company, Nature’s Made.
Additionally, the company has invested in marketing efforts, producing infomercials to promote their products. With strategic partnerships and growing demand, Marz Sprays is poised for expansion, targeting both domestic and international markets. While facing regulatory challenges for international distribution, they are actively addressing these hurdles to capitalize on their global growth potential.
The Negotiations:
After receiving offers from multiple Sharks, Brandon and Keith ultimately strike a deal with Lori Greiner, who offers $200,000 for a 25% stake in the company. Despite a higher equity ask, they choose Lori Greiner’s offer over Lori Greiner’s proposal, which includes a contingent deal tied to a licensing agreement with Nature’s Made.
The negotiation highlights their confidence in Kevin’s expertise and the alignment of their vision for the company’s future. Despite some tension surrounding a proposed buyback option, they ultimately secured a partnership that positions Marz Sprays for further success in the competitive health and wellness industry.
