Simple Sugars Shark Tank Update | What Happened to Simple Sugars after Shark Tank?
What is Simple Sugars?
Simple Sugars is a firm that specializes on all-natural skincare for those with sensitive skin. Every day, individuals struggle to locate products that are good for their skin, therefore Simple Sugars was founded to fill that need.
The all-natural product line includes body lotion, facial items, men’s goods, foot care, and a variety of various gift boxes.
Lani Lazzari has always had an entrepreneurial drive and a natural knack for sales; even as a youngster, she operated a successful business creating and selling hair scrunches.
With all of her concentration focused on the business, it went from strength to strength. Using skincare products, you can maintain your skin smooth, supple, and young.
Who is the founder of Simple Sugars?
Lani Lazzari is the founder of Simple Sugars in 2005. She couldn’t find a suitable solution for her eczema-ridden skin after high school, therefore Simple Sugars was formed in her mother’s kitchen.
Lani began creating scrubs when she was 11 years old! Her mother urged her to create a home-made Christmas present that others would appreciate.
Lani, who has sensitive skin, wanted to create an all-natural product that was safe for those with extremely sensitive skin, so she created Simple Sugars scrubs.
Because her friends and family enjoyed them so much, she decided to convert Simple Sugars into a company.
Lani enrolled in Pitt’s Institute for Entrepreneurial Excellence’s Power link Portege program in 2008 and was partnered with a mentor.
Lani’s mentor was taken aback when she learned she was just 14 years old, but she was pleased by Lani’s maturity.
Lani made $80,000 in sales with the support of the Power link program and her mentor! Simple Sugars are available at spas and on the company’s website.
What Happened to Simple Sugars at Shark Tank pitch?
Lani Lazzari pitches her line of Simple Sugars based scrubs on Shark Tank in episode 20 of Season 4; Lani wants the Sharks to assist her with scaling and distribution of the product.
Lani Lazzari enters the pitch seeking $100,000 for a 10% stake in her firm, which is valued at $1 million.
All of the Sharks were blown away by the young entrepreneur’s business acumen and superb company idea. Daymond believes Lani will be alright without the Sharks, so he goes out.
Lori adores Lani and her products, but she believes the market is overcrowded, so she exits. Kevin believes the cosmetics sector is very competitive and does not agree with Lani company value, thus he is also out.
Robert can’t make Lani an offer she’ll accept, so he goes out. Lani’s energy and business ability appeal to Mark, a fellow Pittsburgh native. He offers $100,000 in exchange for a 33% ownership in Simple Sugars.
Lani counters with $100,000 for a 25% stake, but Mark refuses since he will have to spend a significant amount of time and resources into the business. Lani accepts his offer and walks away from the pitch with a deal.
What Happened to Simple Sugars after Shark Tank?
The Shark Tank Effect struck Simple Sugars square in the face! After the episode aired, Mark and Lani finalized the deal, and Lani departed the pitch with an agreement.
The Shark Tank producers informed Lani to expect 600-800 orders; in the week after the broadcast, Simple Sugars got over 23,000 orders and sold over $1 million in merchandise!
Lani refers to the ensuing chaos as a “tsunami.” In the month after the intended air date, Simple Sugars had some fulfillment and customer service challenges due to the influx of orders.
Lani has employed over a half-dozen more employees to handle their Shark Tank success, and everything is going swimmingly. She aspires to be the top company in America for women to work for one day.
Lani and Simple Sugars appear in a Shark Tank Update section in episodes 505 and 602, respectively. Lani states in the episode 602 update that she has $3 million in sales and distribution in over 500 Destination Maternity locations.
She previously stated she was concerned Mark Cuban would treat her like a child, but she now says he’s been a huge help. Mark believes Lani is the genuine deal and believes Simple Sugars will soon reach $20 million in sales.
Lani claims to be live proof that hard effort and perseverance pay off. Lani is featured in Beyond the Tank Episode 202, according to another update.
A comprehensive summary of that part may be found here. She was popular with her Smooth for Men brand, which she introduced in 2016.
Lani was granted a Thiel Fellowship in 2017, a two-year program sponsored by billionaire Peter Thiel. The two-year program provides fellows with a $100,000 award as well as supervision from foundation members. It’s similar to college for business owners.
The firm is still in operation as of December 2021, with $6 million in yearly revenue and over $33 million in lifetime sales.
Net Worth of Simple Sugars
The valuation of the company was $1 million during the pitch, after the investment done by Mark Cuban, the company valued at $303,000.
Since then the company have been performing well in sales with annual revenue of $6 million in 2021 and over $33 million in lifetime sales. This justify that the company net worth has elevated.
Simple Sugars FAQs
What is Simple Sugars?
Simple Sugars is a company that focuses on all-natural skincare for those who have sensitive skin. Every day, people try to find skin-care products that are suitable for them.
Who is the founder?
The founder and owner of Simple Sugars, Lani Lazzari, have struggled with eczema since she was a child.
How much was asking on Shark Tank?
Lani asked for $100,000 for a 10% stake of the business. It was valued at $1 million.
Did she have the deal?
Yes, she had a deal with Mark Cuban.
How much was the deal?
Mark Cuban offered $100,000 for 33% of the company.
Are Simple Sugars still in business?
Yes, it is. The company had sold $6 million in 2021.
How long do your items have a shelf life?
Unopened, their goods have a shelf life of 12-24 months. There is no need to refrigerate them, but they should be stored in a cool, dry area away from direct sunlight. They recommend that users utilize the goods within 6 weeks of opening them for the greatest benefits.
What should I do with my products?
Users can keep opened goods in the shower, but they should avoid getting any water in them since it will dissolve the sugar. They strongly advise customers to get a flip-top lid to make it easy to open and seal their jar and to protect water from getting into it while they’re using it.
What if my dog consumes some of my Simple Sugars?
Customers’ dogs, believe it or not, have been reported to open unopened jars and consume the entire contents!
They know what’s good for them. If the dog gets into their Simple Sugars, don’t worry; they’re fully natural and technically okay for even humans to eat!
Why are the facials more expensive?
Because they are made of more expensive components.
Are your fragrances suitable for those with sensitive skin?
YES! Their whole line of products is suitable for even the most delicate skin. They understand that many of customers with sensitive skin have been advised to use only unscented products. Not any more, now that they’ve discovered Simple Sugars.
Is Simple Sugars’ product line vegan?
The only Simple Sugars products using animal components are those with emu oil. However, because we do not utilize vegan sugar, they cannot legitimately say the remainder of their product is vegan (which is less refined and therefore has a larger crystal size, which is not as gentle of an exfoliate).
How can you obtain Emu Oil?
Emu oil is made from the emu bird’s back fat. Their emu oil comes from an emu farm in the United States. Because emus are kept for their meat and the oil is a byproduct, they are not slaughtered for their oil.
What is the net worth of Lani Lazzari?
Lani Lazzari net worth is estimated at $1 Million.