Whatever You’ve Ever Wanted to Know About How Michelle Jimenez Of Pizza Cupcake Cracked A $150k Deal With Lori Greiner!!!
In the most recent episode of shark tank, we saw Michelle Jimenez and Lori Greiner closing an offer of nail-biting difficulty. Just the latter was revealing interest in the melt-in-mouth food product and left the audience surprised with his settlement while risking everything.
How did Michelle get the offer for Pizza Cupcake with Lori Greiner on the Shark Tank reveal?
In the brand-new episode of shark tank, we saw the couple and co-founders Michelle Jimenez and Andrea Meggiato entered the tank for obtaining a $1,25,000 offer for a stake of 10 percent in The Pizza Cupcakes endeavor.
Due to the fact that of its size, the couple described the success story of their frozen food and how it turns into a bite-size appetiser that one can take pleasure in anytime and anywhere they desire. Andrea Meggiato made a declaration that the sharks may have not consumed anything like their pizza cupcakes with their unique melt-in-mouth texture. When the time came for tasting the cupcakes sharks described that they were fantastic simply after the very first bite.
This was not enough for Daymond John, Kevin O’Leary, Mark Cuban, and Robert Herjavec to invest in the brand name. They offered a description for this remark stating that frozen food has heavy competitors with the existing brand name in the sector.
Lori Greiner shocked everybody with her interest and made an offer with the brand name. She increased her financial investment quantity from $1,25,000 to $1,50,000 that is an extra $25,000 and doubled the stake of what Michelle and Andrea provided. Michelle how had such a strong sales and marketing background declined to provide such a substantial stake and ran the risk of protecting a much better offer although he had no other deals.
She changed the preliminary deal with another one, however Lori wasn’t all set to budge. After some conversation, she created another counteroffer of $1,50,000 for a 12.5% stake. Lori chose to fulfill midways with her last deal of $1,50,000 for a 15% stake. After the deal when shark revealed no indication of budging, Michelle attempted one last time and asked if she would be fine with $1,50,000 for a 12.5 % stake in the business and 2.5% advisory shares. The shark right away accepted the deal and sealed the deal.