Ryan’s Barkery Dog Treats
DEAL
EPISODE SUMMARY
🕓 Air Date: May 17, 2013
Asking For:
$25,000 for 25%
Investor:
Barbara Corcoran
Deal:
$25,000 for 25%
PRODUCT SUMMARY
Ryan's Barkery bakes and sells fresh, all-natural dog treats with flavors like pumpkin apple, banana oat, and low-fat cheddar, made with simple ingredients and no preservatives.
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Background Story
The heartwarming story of Ryan’s Barkery begins with Ryan’s profound love for his furry companion, Barkley. Troubled by the lack of healthy and appetizing options in stores, Ryan, with the unwavering support of his mother Daniela, embarked on a journey to create delectable treats that not only satisfied Barkley’s discerning palate but also resonated with fellow dog owners. Their relentless experimentation in the kitchen, guided by consultations with veterinarians, culminated in the birth of Ryan’s Barkery.
The Product
Ryan’s Barkery’s offerings are a testament to their commitment to quality and health. Each treat is meticulously crafted with a blend of wholesome ingredients, ensuring maximum flavor and nutrition for canine companions.
Priced at $4 per bag containing 8 treats, these offerings are available for purchase both online through their website and at local adoption events where Ryan and Daniela actively engage with the community.
How It Went
The company’s position before Shark Tank
Despite its humble beginnings, Ryan’s Barkery has witnessed promising traction in the market. With approximately 200 bags of treats sold, the company has not only managed to turn a profit but has also garnered significant interest from pet owners seeking healthier alternatives for their beloved pets. While their distribution channels primarily include local adoption events and community outreach programs, Ryan and Daniela are poised to scale their operations with the infusion of capital.
The Negotiations:
The Sharks were impressed by Ryan’s entrepreneurial spirit but ultimately decided not to invest due to concerns about his ability to manage the business while still in school. Barbara made a full-price offer of $25,000 for 25% equity, with flexible repayment terms, but Ryan ultimately declined. Kevin suggested taking the money and buying a car, while Mark encouraged Ryan to consider his options carefully. In the end, Ryan did not accept any of the offers and left the tank without a deal, but with the encouragement and admiration of the Sharks.
