Treasure Chest Pets Before Shark Tank
Lisa Lloyd is from Tucson, Arizona. She started a company called Treasure Chest Pets, which she claims is the next best plush-toy line. Lisa Lloyd lives with her husband, three kids, mother in law, father and stepmom under one roof, which makes it a pretty crowded house.
Lisa Lloyd states that she personally has invested about a hundred thousand dollars into Treasure Chest Pets, and has also leveraged all her credit by doing so. She states that her house is even in danger of foreclosure, because of this.
Lisa Lloyd also states that her entire family is counting on Treasure Chest Pets to work, be profitable and to be a success. She also says that running your own company can become very stressful and that she has cried herself to sleep more times than she could count.
Without the investment of the Sharks, Lisa Lloyd can’t fill in the orders that she has right now and her family could lose their home really soon.
Treasure Chest Pets On Shark Tank
“Lisa Lloyd walks confidently and stands in front of the Sharks”
Lisa Lloyd starts her presentation by introducing herself and telling the Sharks that her company is called Treasure Chest Pets. She continues by saying that she is looking for one hundred and fifty thousand dollars as an investment, in exchange for a twenty percent stake in Treasure Chest Pets.
Lisa Lloyd continues her presentation by stating that Treasure Chest Pets is a patented line of award-winning organizers that look like stuffed animals, and are made for children.
“Lisa Lloyd takes a Puppy Treasure Chest Pet in her hands”
Lisa Lloyd states that the Puppy organizer that she just took in her hands has a magnetic head, which means that you can attach or dissemble the organizer as you want. The head also counts as a pillow, which also has different pockets all over. The head has pockets in the ears, a secret drawer that is hidden behind the pillow and there are even pockets on both sides of the body.
Lisa Lloyd states that when children are done playing, they can put the Treasure Chest Pets back together, and it would look like it is all a secret.
“Lisa Lloyd takes a Monkey Treasure Chest Pet in her hands”
Lisa Lloyd states that the Monkey is very popular among boys, and that its head is also removable and magnetic. The Monkey Treasure Chest Pet opens like an actual treasure chest, instead of other hidden compartments. Lisa continues by saying that the Treasure Chest Pets are made out of foam, which is how they maintain their shape and the continuity of the toy, while doing the function of an organizer.
“Kevin O’Leary asks Lisa Lloyd what the Treasure Chest Pets are getting retailed for”
Lisa Lloyd answers the question by saying that they are getting retailed for $19,99.
“Kevin O’Leary asks Lisa Lloyd how much it costs to make a Treasure Chest Pet”
Lisa Lloyd answers the question by saying that they cost $4,75 to make.
“Robert Herjavec asks Lisa Lloyd if she is already selling Treasure Chest Pets”
Lisa Lloyd answers the question by saying that she is already selling Treasure Chest Pets in about two hundred stores at the moment. Lisa Lloyd also states that she has been going around to different malls and has sold about six hundred Treasure Chest Pets by doing so. She does say that it was very difficult to do this and worked very hard for it.
“Daymond John asks Lisa Lloyd how much sales she has done in the past year”
Lisa Lloyd answers the question by saying that she has sold about a hundred thousand dollars’ worth of Treasure Chest Pets in the past year alone.
“Robert Herjavec asks Lisa Lloyd why she hasn’t yet gone to a large retail store”
Kevin O’Leary states that she has already gone to them, and that there are three very large retailers that sell about sixty percent of all toys in the United States of America.
“Kevin O’Leary asks Lisa Lloyd what those large retailers have said to her”
Lisa Lloyd answers the question by saying that she hasn’t contacted any mass retailers about her Treasure Chest Pets, and that she has been focusing on small boutiques instead. The reason for this is that she didn’t have the capital to be able to grow her company, and she wanted to make sure that she had the right product and the right manufacturer.
“Robert Herjavec asks Lisa Lloyd why she can’t already contact a mass retailer with the Treasure Chest Pets that she already has”
Lisa Lloyd answers the question by saying that she is undercapitalized. She states that she has gone as far as possible without the next infusion of cash.
“Daymond John asks Lisa Lloyd how much more inventory she has remaining”
Lisa Lloyd answers the question by saying that she has about eleven hundred pieces left, and that she gets orders every single day.
“Daymond John asks Lisa Lloyd if she believes that she will be able to sell those pieces”
Lisa Lloyd answers the question by saying that the pieces in her inventory are already sold. She continues by saying that she has a stack of orders on her desk for the fourth quarter, which she hasn’t even put into the system yet.
Kevin O’Leary states that the numbers that Lisa Lloyd has given are ingrained in his mind, like a laser. He states that toys are a thirty billion and plush toys are a two billion dollar industry. Kevin O’Leary states that he knows these industries inside out, and that he also knows how brutal it is to get distribution in these industries.
He says that if he ever invest in a toy company again, he would always wake up from nightmares. Kevin O’Leary states that Lisa Lloyd has done a terrific job by herself, but that unfortunately, the toy business is not a place that he wants to be in. Kevin O’Leary states that he doesn’t want to offer a deal and that he is out.
Kevin Harrington states that he has an issue, which is that Treasure Chest Pets are a niche product. The age and seasonality of the product are two strikes against the business for him. Kevin Harrington also does not want to make an offer and states that he is out as well.
“Robert Herjavec asks Lisa Lloyd what she is going to do with the money”
Lisa Lloyd answers the question by saying that she will order more inventory and fill out the orders for the fourth quarter that she has.
“Robert Herjavec asks Lisa Lloyd if she already received orders for the fourth quarter”
Lisa Lloyd answers the question by saying that the orders are stacked up on her desk.
Barbara Corcoran states that she would be very comfortable in investing, but only if the amount is fifty thousand dollars. She states that this creates an opportune and a problem for Lisa, because Barbara Corcoran also wants a fifty percent stake in Treasure Chest Pets.
Daymond John states that he has the power to make this deal and make Lisa Lloyd filthy rich, which in return would also make himself richer. Daymond John continues by saying that he has unlimited manufacturing, and that he could fill out and distribute all of the Treasure Chest Pets orders in no time.
Daymond John offers Lisa Lloyd all the manufacturing and distribution that she would ever need, which means that Lisa Lloyd has the handle sales only. Daymond John continues by stating that he would need sixty percent of the company, and that Lisa Lloyd would have no more worries after that.
“Daymond John invites Barbara Corcoran to join in on his deal, which she accepts”
Robert Herjavec states that he thinks the deals that are offered are all crap. He continues by stating that he doesn’t think that Daymond and Barbara are being very nice to her. Fundamentally, they are offering a hundred and fifty thousand dollars, in exchange for sixty percent of Treasure Chest Pets.
Robert Herjavec states that he will make Lisa Lloyd an offer. He states that he will give Lisa Lloyd a hundred and fifty thousand dollars as a line of credit, because that is all that Lisa Lloyd needs right now. In exchange, Robert Herjavec does not want any percentage of Treasure Chest Pets, but will establish a standard loan rate.
“Daymond John asks Lisa Lloyd which deal she is going to accept”
“Robert Herjavec states that Lisa Lloyd is a great lady, and if she needs some help, he is happy to be there”
“Daymond John states that the money is not going to solve any problems, but it’s going to be the shipping and its going to be the billing”
Daymond John states that if Lisa Lloyd accepts his deal, she would not have to worry about anything but the sales. He offers her the complete package, the complete back office.
Robert Herjavec states that the value of his deal is that Lisa Lloyd wouldn’t have to give up any percentage of her company. Robert Herjavec continues by stating that the value of Daymond and Barbara’s deal is that Lisa Lloyd has to give up sixty percent of her company, but she might get long-term help with her company.
“Robert Herjavec states that Lisa Lloyd can decide which deal she wants to take”
“Daymond John states that the show is not called Loan Shark Tank”
Lisa Lloyd states that Robert Herjavec is right, and that if all she needed was money, it would be better to just accept Robert’s deal. However, Lisa Lloyd continues by stating that she does not only need money, but she also needs help with her company.
Lisa Lloyd accepts Daymond John’s and Barbara Corcoran’s deal. At the end interview, Lisa Lloyd states that she is really relieved and that this deal is going to change everything. It has been so many sleepless nights and so many people have seen how much she has put on the line to make Treasure Chest Pets a success. By receiving a deal from Daymond John and Barbara Corcoran, it finally all came together.
Treasure Chest Pets Now in 2018- The After Shark Tank Update
Lisa Lloyd has a very busy household and decided to start her own line of plush-toy organizers. Before she appeared on Shark Tank, she was already selling her Treasure Chest Pets at two hundred stores around the Unites States of America, up to a point where she could not handle the manufacturing and distribution. This means that there was really a large demand for her products, which you could also tell by the fact that she already has sold a hundred thousand dollars’ worth of Treasure Chest Pets.
Both Kevin Harrington and Kevin O’Leary dropped out fairly early during Lisa Lloyd’s presentation, due to the fact that they did not believe in the products. Daymond John and Barbara Corcoran offered a joint deal of a hundred and fifty thousand dollars, in exchange for sixty percent of Treasure Chest Pets, while Robert Herjavec offered the same amount of money, and stated that he will load the money to hear.
Lisa Lloyd decided to accept Daymond John’s and Barbara Corcoran’s offer, due to the fact that she believed she needed more than just money. She needed the help and expertise of Daymond John and Barbara Corcoran, in order to grow her company. There was no mention of Treasure Chest Pets being the best or worst on Shark Tank.
Even though Lisa Lloyd accepted a deal from Daymond John and Barbara Corcoran, it does not seem like Treasure Chest Pets are still being sold today. The company does not have a website where you can purchase the Treasure Chest Pets, nor do other retailers, such as Amazon, have them in stock.
On her own personal website, she has a video, where she explains how she got selected to be on Shark Tank. She states that she is entirely grateful to Daymond John, because he tried to do everything to keep Treasure Chest Pets afloat, but unfortunately, the business was unable to recover. In the video, Lisa Lloyd also states that she had presented her products to another company, who then turn around and started producing and selling knock-offs of the original Treasure Chest Pets.