Shark Tank US | Will This Toilet Timer Impress The Sharks?

next into the tank is a perfect gift for those who like to linger hi sharks my name is katie steffy and i i'm sorry my husband was supposed to be here by now a while ago he waltzed into the bathroom phone in hand and i haven't seen him since he's what i call a poo procrastinator in other words someone who wastes time in the bathroom adam are you still in the bathroom i'm just doing the paperwork almost done okay it's been 40 minutes 40 minutes well that would explain why i can't feel my legs hey sharks sorry i'm late my name is adam steffy and i'm katie steffy and we are from normal illinois we are seeking 200 000 in exchange for 10 equity in our company cadmco and now introducing our most successful product line to date the toilet timer oh hell no the toilet timer is the perfect way to tell someone to poop or get off the pot this is a sand timer with a unique mechanism that i invented it gives you about five minutes to do your business so you don't miss anything important like pitching on shark tank remember sharks the toilet timer will take him from infinite scroll to the toilet paper roll let's make a deal and put an end to procrastination oh my goodness you can't be serious that's right i can't be serious it's very rare let me just stand up for all men in america and say that is our only time where we get privacy let me just tell you a fact of toiletry yes if your legs don't fall asleep you're not doing it right well um it's it can be a product that guys don't want but that a woman looks at and says he needs this this is supposed to be a gag gift though right it's just i mean it's primarily a gag gift but there's a practical side to this and what was that what's the practical side that being on the toilet too long can be bad for your gut and your butt health i think this would be a great time to cue up dr readers hi sharks as a gastroenterologist i tell my patients not to stay in the toilet for more than three to five minutes this will prevent fissures and hemorrhoidal bleeding the toilet timer is certainly entertaining but it's a medical fact that lingering in the loo is bad for your health thank you sharks and good luck adam oh my god i'm trying to be pragmatic about it and i give everybody an equal opportunity however i'm a little skeptical here 200 thousand dollars for 10. we don't even know what it sells for yet kevin we don't know what he's excited because there's a lot of poo poo going on here we're totally gonna get the numbers there's some great numbers get us excited christmas 2019 quarter million dollars in sales 250 thousand dollars and what does it cost you to make this just under three dollars land i'm trying to sell it for what 14.99 you've got to be kidding me december i know people are crazy but where did you sell it it's primarily amazon what i want to tell you about the product is it lends itself to licensing very easily so if you'd like to remove your black hankies be our guest [Laughter] kevin how do you like your new look i know i'm getting a royalty kevin i've seen your face on a potato so i didn't think this was a big stretch yeah listen i used to poo poo these kind of tchotchke ideas until i got into potato parsley now i'm not laughing anymore because i get a big check every month let's stay focused on the numbers because you're asking for 200 000 how much is this going to sell this year in your estimation okay you said quarter of a million last year uh it was it was 294 000 last year that's huge quarter million december how do we know it's going to sell again how are you promoting it right or are people just finding it on amazon what has happened over the past two christmases is amazon's algorithms have picked up that people like this and they buy it so last christmas i didn't spend a dime on advertising good for you i have never thanks mark what are you on track to do this year if i walk out of here with no deal today then i'll do a million dollars this year because that's all the product i can afford to buy you'll do one million dollars in this crap yeah why would it go from 250 one year to really in the next year without publicity that's such a great question because this year we've already done 318 thousand dollars of this sku 318 and a quarter million of that was this father's day so how is this possible what planet are we on yeah we're on planet poop man if i can walk away with a deal today i believe that i can do three million in sales this year i thought you said one millionaire that's right my bank is not scaling with me he can do one million this year with or without us he said that's right and then three million if i can get some help getting inventory as we've looked at the humps that have happened over the past seasons saying we've got a big christmas on our way and i want to be ready for it i have never been ready for a holiday season and i've sold out each year you have enough inventory that's the problem you need the 200 000 to build more inventory well now no i need 200 000 for some other stuff then i need some more money for inventory what others what other stuff well what i'd like to do is with 70 000 of the investment i can put that towards turning our production line in china into a higher volume production facility but you have great margins already why would it be a priority for you to even invest that money that doesn't make sense to my ears it doesn't seem to me like there would be anything that you should have to pay for or supply to a factory if you don't own the factory that you would put any money into whatsoever factories should improve their systems free and ramp up to accommodate you and make it see why i'm here is to learn yes don't fall down that rabbit hole do not give any factory any money just give them more purchase orders and tell them that they should figure out how to ramp up the speed of the making of the product that's good advice i think you guys are great i think a lot of people will buy it but it's just not the kind of thing where i feel like i could come in and give you anything that's really super beneficial to blow up your business um so for those reasons i'm out adam i respect sales and you have them the trouble with this deal though is you're asking for 200 000 all right this is a gag company i get it but 200 is too much way too much for this i'm out okay thanks kevin you're thinking this is a business it ain't it's a gimmick okay and you can make a certain amount of sales then it's going to burn out so for that reason i'm out how much did you start the company with this product with well my whole company was 300 and you're gonna do a million dollars this year yeah for sure at least that's extremely impressive right but on the other side i have a personal matter when it comes to this because in the i think you're taking away the only time that men have it's just something i don't resonate with so i'm out thank you damon yeah so it can it can be a threat towards men but people keep buying these mark you want to add a toilet timer to your portfolio i've always dreamed of that yeah what i like about this is there's always going to be father's day there's always going to be a need for gags right so i like it um obviously you need money for inventory so i understand why you're here for that so i'll make you an offer i'll offer you 200 dollars that you asked for for 25 percent for that i think we should just do that hey mark let's make a deal and let's do it okay what a surprise oh yes appreciate it thank you guys all so much thank you and thank you what you guys do for american entrepreneurialism it's beautiful thank you thank you thank you thank you guys we didn't want to look a gift horse in the mouth mark was our only offer and there were some things we could have counted with but at that point i didn't think it made sense we're okay with 25 we think that we can do great business with this product you

Channel: Sony Pictures Television

Views: 1,942,536

Keywords: Shark Tank, Shark Tank US, Shark Tank USA, Shark Tank America, American Shark Tank, Shark Tank Pitches, Shark Tank bad pitches, Shark Tank Best Pitches, Toilet timer

Id: gTc2JU2nfR4

Length: 8min 52sec (532 seconds)

Published: Fri May 28 2021