Do you face difficulties identifying spices, non-spices, medium rare, and more while grilling meat? To solve this problem, Leslie Haywood invented Stainless Steel Charms, a type of identification pin. She appeared on Shark Tank Season 1 and asked for $50,000 in exchange for 25% equity.
Let’s find out what the Sharks thought about this small niche business and whether any of them provided funding to Leslie to help grow her business. We’ll also learn what happened to the business after appearing on Shark Tank.
| Company Name | Grill Charms | |
| Founder/Co-Founder | Leslie Haywood | |
| Founded | 2006 | |
| Product | Stainless Steel Charms | |
| Asked For | $50K for 25% equity | |
| Final Deal | $50K for 25% equity | |
| Shark | Robert Herjavec | |
| Episode | S1 E7 | |
| Air Date | Sep 29th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Charleston, South Carolina, United States | |
| Lifetime Sales | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Leslie revealed that her product was available in 103 independent retail stores in the United States, Canada, and Sweden. However, the last year’s annual sales were only $60,000. At the age of 34, Leslie was diagnosed with breast cancer, which significantly slowed down her business. After recovering from cancer, she resumed working hard to grow her business.
Each pack contains 6 Charms and retails for $19.95. Leslie mentioned that in the future, she plans to license this product and sell it as a gift item along with grill items. She needs the money to participate in trade shows, which she believes will increase the product’s sales.
Kevin Harrington and Daymond John teamed up and offered $50,000 for 50% equity. Robert Herjavec also offered $50,000 for 25% equity. Kevin O’Leary proposed $50,000 for 20% equity plus a 7% royalty.
Leslie counter-offered Kevin and Daymond with 49% equity, but they declined. Since Leslie was not comfortable giving up 50% ownership, she accepted Robert’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | $25k for 25% equity (Daymond) |
| Kevin O’Leary | $50k for 20% equity + 7% as a Royalty |
| Robert Herjavec | $50k for 25% equity |
| Barbara Corcoran | No Offer |
| Daymond John | $25k for 25% equity (Kevin) |
| Founder’s (Countered) | No Counter |
| Final Deals | $50k for 25% equity |
Grill Charms Shark Tank Update
After successfully closing the deal with Robert, Leslie made a licensing agreement with Fox Run Brands. Fox Run Brands is a major supplier of kitchen products with thousands of retail stores across North America.
Our research indicates that Grill Charms is no longer in business. Currently, Leslie is a radio co-host on the “Beyond the Business” radio show.
That’s all the information we have on the Grill Charms Shark Tank update.
Would you like more information about the progress of other businesses from Shark Tank Season 1? If so, here are some links we have shared for further details.
