Shark Tank: Barbara Corcoran Invests In Saavy Naturals, the Edible Soaps and Lotions, for $200,000

Erica Abbott

November 6, 2015

saavynaturals.com

saavynaturals.com

Next up is Saavy Naturals, created by professional chefs, that sells edible beauty care products. They are seeking $ 200,000 for 10 percent equity.

Created with food-based ingredients, Barbara Corcoran is the first to taste saying it tastes like “perfume and sugar.”

They do not sell online and had troubles in the beginning when they lost control with a previous investor.

They sell their products from anywhere between $ 6 to $ 15 and include bar soaps, lotions and more.

Kevin O’Leary states the obvious that it is a commodity but does not agree with what they are seeking. As a side note, Debra Saavedra details how she and her partner Hugo ended up together. Despite the sweet story, Mr. Wonderful goes out.

Mark Cuban sees it as too competitive so goes out as well. For the same reason, Lori Greiner goes out.

Corcoran is interested in having them change their name, which they have no qualms with, but wants to take 50 percent of their company. They counter but she goes out before they even give a number.

Robert Herjavec acknowledges the importance of it being all natural and offers $ 200,000 for 45 percent. Given that, Corcoran comes back in for $ 100,000 for 40 percent equity and $ 100,000 in funds for purchase orders. They quickly accept.

Final deal: Barbara Corcoran for $ 100,000 for 40 percent with $ 100,000 for purchase orders.

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