Treasure Chest Pets Shark Tank Net Worth 2023
Lloyd appeared on Shark Tank season 1 episode 8 in search of $150,000 in exchange for a 20% stake in the firm.
This would put the valuation at $750,000. However, Daymond and Barbara offered $150,000 for 60%, bringing the valuation down to $250,000 instead; which Lloyd accepted.
What was Treasure Chest Pets?
The collection of fluffy animal toys called Treasure Chest Pets was primarily targeted toward youngsters. However, these toys were not just ordinary playthings but also served as organizers, having special compartments to store other children’s toys. The toys were aesthetically pleasing and therefore, an obvious choice for parents to buy for their children.
Sandra Castillo was the true founder of the company and she sought out Lisa due to her prior success to help promote the product. Lisa became the public face of Treasure Chest Pets after they reached an agreement, and she continued to do so until the company went out of business in 2012.
It is not widely known that Sandra Castillo was the actual owner of Treasure Chest Pets. She relied on the business acumen of Lisa Lloyd to push the product to success.
Once the agreement was reached, Castillo granted Lloyd the right to market the product while also seeking further patents to protect Treasure Chest Pets. Both Lisa and Sandra were aspiring entrepreneurs before they became a dynamic team.
Their licensing agreement was beneficial for the company, encouraging them to create innovative and useful products.
In addition to being toys, Treasure Chest Pets also had multiple functions as they could also be used as cushions and organizers.
What Happened to Treasure Chest Pets at the Shark Tank Pitch?
Lloyd appeared on an episode of Shark Tank in the first season, where she sought an investment of $150,000 in exchange for a 20% share of her company, which was valued at $750,000.
During her presentation, Lloyd showcased her unique stuffed animals that featured hidden compartments for children to store their small treasures.
The Sharks delved into the details of her business, asking about pricing and costs, to which Lloyd disclosed that her toys were selling for $19.95 and cost $4.75 to manufacture. She also revealed that her sales, both direct and through boutiques, had exceeded $100,000.
While Lloyd had sales orders on hand, she had not yet approached larger retailers due to her need for additional funding. Kevin O’Leary declined to invest in her toy line, citing distribution as a major hurdle, while Kevin Harrington pointed out that the toys were seasonal and targeted towards a specific age group, making it a challenging market.
Robert Herjavec offered to loan Lloyd $150,000 without asking for any equity in her company, while Barbara Corcoran offered $50,000 for a 50% stake, requiring Lloyd to find another investor to fund the remaining $100,000.
Daymond John stepped up and agreed to invest $100,000, bringing his knowledge and distribution connections to the table. In exchange, he requested a 60% stake in the company.
While Robert Herjavec’s loan offer was attractive, Lloyd decided to accept the joint investment from John and Corcoran because she valued their business and distribution expertise as much as the money.
What Happened to Treasure Chest Pets after the Shark Tank Pitch?
Lloyd managed to secure a deal with Shark for her products, but the transaction with Corcoran fell through. John offered assistance to Lloyd by utilizing a portion of his equity. Nonetheless, Treasure Chest Pets eventually succumbed to intense competition and the influx of imitations in the market.
Despite this setback, Lloyd now shares her knowledge and experiences in invention and business through publications and lectures, allowing others to benefit from her expertise. Additionally, she still collaborates with Daymond John.
Lisa received support from Daymond to introduce Treasure Chest Pets into Buy Buy Baby, resulting in a significant increase in sales. However, the economy’s downfall led to a sharp decline in sales, combined with rising fuel prices and expenses. Lisa sought guidance from Daymond, who suggested against investing more money in a failing business.
As a result, Lisa made the difficult decision to close down Treasure Chest Pets in 2012.
What was the Net Worth of Treasure Chest Pets?
Lloyd appeared on Shark Tank season 1 episode 8 in search of $150,000 in exchange for a 20% stake in the firm. This equates to a $750,000 valuation.
She accepted an offer from Daymond and Barbara of $150,000 for 60% which brings the valuation to $250,000.
Treasure Chest Pets Shark Tank Updates
Treasure Chest Pets is a plush toy line of stuffed animals with hidden compartments inside them.
Lisa Lloyd, the founder of Treasure Chest Pets, appeared on Shark Tank in Season 1 Episode 8, seeking $150,000 for 20% equity in her company. She had previously presented her products on Pitchmen, working with Billy Mays.
Lloyd created a niche market, selling her products through several small stores, but needed more capital to meet the demand for larger orders. The shark’s Barbara Corcoran and Daymond John made a deal with Lloyd, offering her $150,000 for 60% equity in her company.
Treasure Chest Pets was featured in Episode 2.07 of Beyond the Tank, where it was mentioned that sales doubled after the Shark Tank appearance. Currently, the product is in over two hundred stores but none of the stores are large chains.
The Treasure Chest Pets update on Shark Tank Recap states that Lloyd was looking very determined to get a deal on the Shark Tank Season 1 Show. However, the update also mentions that the deal with the sharks ended in failure.
In conclusion, Treasure Chest Pets is a plush toy line of stuffed animals with hidden compartments inside them. Lisa Lloyd appeared on Shark Tank in Season 1 Episode 8, seeking $150,000 for 20% equity in her company.
The shark’s Barbara Corcoran and Daymond John made a deal with Lloyd, offering her $150,000 for 60% equity in her company.
Sales doubled after the Shark Tank appearance, but the product is currently only in over two hundred stores, none of which are large chains. The deal with the sharks ended in failure.
Treasure Chest Pets Shark Tank Summary:
| Valuation at Shark Tank Pitch | $750,000 |
| Offer from Daymond and Barbara | $150,000 for 60% |
| Valuation with Daymond and Barbara’s offer | $250,000 |
| Investment Requested | $150,000 for 20% |
| Sales Orders at Pitch | Exceeded $100,000 |
| Deal Made | Daymond John for $100,000 in exchange for 60% |
| What Happened | Treasure Chest Pets succumbed to competition and closed in 2012 |
| Current Net Worth | Unknown |
| Update | Featured in Beyond the Tank and is in over two hundred stores, but none are large chains. |
Treasure Chest Pets FAQS
What Was Treasure Chest Pets, Founder, And How to Do Treasure Chest Pets Work?
Treasure Chest Pets is a line of soft and fluffy toys for children that come in the shape of different animals. The toys have a pocket to store other small toys and are designed to be cute and attractive to children.
The founder of Treasure Chest Pets is Sandra Castillo, but Lisa Lloyd is recognized as the founder because she became the face of the product after Sandra reached out to her for help with advertising.
Lisa Lloyd appeared on Shark Tank in Season 1 Episode 8 seeking $150,000 for 20% of her stuffed animal treasure chest she claimed to have invested about $100,000 of her own money into the company and leveraged all her credit to do so.
The Monkey Treasure Chest Pet opens like an actual treasure chest, instead of other hidden compartments.
While there is no information on how Treasure Chest Pets work, it is clear that the product did strike a deal with the Sharks on Shark Tank.
However, the deal ultimately failed, and the product was taken over by the competition. Despite this setback, Treasure Chest Pets remains a popular line of toys for children.
What Did Treasure Chest Pets Cost?
Treasure Chest Pets were sold for $19.99 each. The cost to make each stuffed animal was $4.75.
How Much Were Treasure Chest Pets Seeking In The Shark Tank?
In Season 1 Episode 8 of Shark Tank, Lisa Lloyd appeared seeking $150,000 for 20% of her business, Treasure Chest Pets. Daymond John and Barbara Corcoran offered $150,000 for 60% of the business, bringing the valuation down to $250,000. Lloyd accepted the offer
Did Treasure Chest Pets Get The Deal From The Shark Tank?
Treasure Chest Pets appeared on Shark Tank and made a deal with Barbara Corcoran and Daymond John for $150,000 in exchange for 60% equity. However, according to some sources, the company is currently out of business.
What Is The Story Behind Lisa Lloyd’s Rise To Success With Treasure Chest Pets?
Lisa Lloyd is the creator of Treasure Chest Pets, a line of plush stuffed animal toys with hidden compartments for storing children’s personal belongings and treasures.
Lisa was able to secure an investment from Daymond John and Barbara Corcoran on Shark Tank and saw some early success selling through Buy Buy Baby.
However, Lisa closed down Treasure Chest Pets in 2012 citing business missteps and a flood of competition from knock-offs. Despite closing the business, Lisa says the experience was a positive one.
Lisa Lloyd is also a paper sculptor who has become an international success with her paper designs.
Her designs have been featured on the front covers of magazines and have sold to personal and corporate buyers around the world. The artist, from Hove, East Sussex, works with thousands of pieces of paper to create her intricate designs.
What Is The Difference Between Treasure Chest Pets And Other Stuffed Animals?
Treasure Chest Pets is a line of plush stuffed animal toys that differ from other stuffed animals because they have hidden compartments for storing children’s personal belongings and treasures.
The toys are designed to be both cute and functional, with a pocket to store small toys and other items. The founder of Treasure Chest Pets is Lisa Lloyd, who secured an investment from Daymond John and Barbara Corcoran on Shark Tank.
The hidden compartments in Treasure Chest Pets make them unique compared to other stuffed animals. While other stuffed animals may have pockets or zippers, Treasure Chest Pets have a patented design that allows for a hidden compartment within the toy.
The compartments are meant to encourage children to keep their belongings organized and safe, while also providing a fun and interactive element to the toy.
Despite the success of Treasure Chest Pets, the company faced competition from knock-offs and ultimately closed down in 2012 due to business missteps.
However, the experience was positive for founder Lisa Lloyd, who was able to secure investment and bring her product to a national audience through Shark Tank.
How Can I Purchase Treasure Chest Pets and In Where?
Treasure Chest Pets is a line of plush stuffed animal toys created by Lisa Lloyd, with hidden compartments for storing children’s personal belongings and treasures.
The product was featured on Shark Tank, and Lisa landed a deal with Bed, Bath and Beyond and Buy-Buy Baby to carry the Treasure Chest Pets. However, Lisa closed down Treasure Chest Pets in 2012 citing business missteps and a flood of competition from knock-offs.
Currently, Treasure Chest Pets are not available for purchase on Amazon. However, Target has Pet Simulator X Series 1 Mystery Treasure Plush, which is a similar product that includes a range of pets hidden in a treasure chest.
The Pet Simulator X Series 1 Mystery Treasure Plush is available for purchase online at Target.com.
What Are The Competitors Of Treasure Chest Pets?
Treasure Chest Pets faced tough competition and did not run for a long duration. Some of its competitors in the soft toy market were Funzoo Toys, Ultra Soft Toys, Aurora, and GUND. These companies also manufacture soft and fluffy toys for children.
However, it is important to note that this information may not be up-to-date as it is based on an article discussing what happened to Treasure Chest Pets after appearing on Shark Tank. It is possible that new competitors have entered the market since then.
Did they close the deal?
While Lloyd was able to secure a Shark agreement for her items, the Corcoran transaction was never consummated. John was able to use part of his equity to aid Lloyd
What was the physical address for Treasure Chest Pets?
The Company was located in Phoenix, Arizona, United States
What year did it appear on Shark Tank?
It appeared on shark tank Season 1 – Episode 8 on October 6, 2009.
Why did Lisa close Treasure Chest Pets?
She closed Treasure Chest Pets in 2012 citing business missteps and a flood of competition from knockoffs.
Who was the CEO of Treasure Chest Pets?
Sandra Castillo was the CEO of Treasure Chest Pets.
When was Treasure Chest Pets founded?
The company was founded in 2007.
Where can they contact them?
They are no longer in business.
What is the net worth of Lisa Lloyd?
Lisa Lloyd’s net worth is unavailable.
