The scented candle industry is a multi-million dollar market, and Johnson Bailey has entered this industry with a new business called Original Man Candle. This business offers unique scented candles with fragrances like Pot Roast, Golf Course, BBQ, Football, and Fart, among others.
To revolutionize the candle industry and grow his business, Johnson Bailey needed both financial support and other assistance. Therefore, he appeared on Shark Tank. Did the Sharks invest in his business? Let’s find out.
Company Name | Original Man Candle | |
Founder/Co-Founder | Johnson Bailey | |
Founded | 2009 | |
Product | scented candle | |
Asked For | $50k for 25% equity | |
Final Deal | No Deals | |
Shark | No Sharks | |
Episode | S2 E7 | |
Air Date | April 29th, 2011 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Tulsa, Oklahoma, United States | |
Lifetime Worth (Sales) | $2.8M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Johnson asked the Sharks for $50k in exchange for 25% equity in his company. He demonstrated his product and mentioned that he also has a Fart scented candle, which he believes can keep people away.
The male Sharks smelled the Fart candle, and their faces showed discomfort. Johnson mentioned that his product is available in 400 retail stores and retails for $12. Last year, he made $53,000 in sales.
Johnson manages the business himself, while his wife works a job. Additionally, his wife has invested approximately $40,000 into the business.
Most gift retail stores place re-orders 6-7 times a year. Daymond John and Kevin O’Leary feel this is quite low, and Kevin remarked, “that’s nothing.”
Kevin directly refused to invest in this business. Barbara Corcoran said the business isn’t big enough, so she is out.
Daymond told Johnson that he doesn’t have enough cash, credit, and customers, so he is out.
Robert Herjavec didn’t think the business was profitable, so he is out. Mark Cuban also declined to invest.
Sharks Offers list!
Sharks | Offers |
---|---|
Mark Cuban | No Offer |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Barbara Corcoran | No Offer |
Daymond John | No Offer |
Founder’s (Countered) | No Counter |
Final Deals | No Deals |
Original Man Candle Shark Tank Update
Johnson was quite disappointed because he didn’t secure a deal on Shark Tank. However, he didn’t give up and focused on his business, eventually achieving millions of dollars in sales.
In May 2011, P. Nathan Thornberry, the President of Residential Warranty Services, invested $65,000 in Johnson’s company in exchange for a 35% equity stake.
However, Thornberry later filed a breach of contract suit against Johnson, winning a $71,647 judgment. Unfortunately, he couldn’t collect the money because Johnson filed for Chapter 7 bankruptcy.
During our research on Original Man Candle, we discovered that the company’s candles are sold in the United States and Canada. The company generates an estimated annual sales of millions of dollars.
The current estimated worth of the company is approximately $5 million.
Johnson is currently working as a Marketing Manager at Endeavor Business Media.