Garage Door Lock Shark Tank Update

Depending on who you believe the company does anywhere from 1 million to 5 million in annual sales.

Garage door lock shark tank update.

Daymond offered the 275 for 40 contingent on getting a licensing deal. Mr white has sold quite a few of his garage door locks over the years. One of the feature s i really like about this garage door lock is it makes your automatic door smart. E lock system before shark tank update.

In spite of bryan s success in landing a deal with daymond john the garage door lock does not appear to have achieved the licensing deal john had hoped for. One thing makes me wonder why white is in the shark tank with this product. The website is still active allowing customers to order a garage door lock but the social media accounts went silent as of 2014. Other locks secure the door to the frame.

Garage door lock by elocksys went into the shark tank asking for 275k for 30 equity. The sharks all agreed there was a serious need for this product and were shocked to learn how easy it is to enter a home through the garage door. The lock is constructed of military grade steel and nylon and industrial strength polycarbonates and uses a simple but uniquely designed wedge to protect a door from intrusion. After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank.

After shark tank garage door lock teamed up with california lock manufacturer guardian. Robert offered 275 for an astonishing 70. The elocksys garage door opener sells at sears. This aint no start up.

Feel free to comment share and subscribe. The garage door lock after shark tank few likes on facebook there has not been much activity with the garage door lock after shark tank as one would expect with a business that got a deal on the show. Guardian reported that it redesigned the electronics resourced components and simplified the assembly of. Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market.

Garage door lock shark tank update. With an initial production run of product tooled and manufactured locally their product cost was greater than the price a.