Shark Tank Garage Door Lock Follow Up

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Shark tank garage door lock follow up.

After shark tank garage door lock teamed up with california lock manufacturer guardian. The garage door lock after shark tank few likes on facebook there has not been much activity with the garage door lock after shark tank as one would expect with a business that got a deal on the show. Elocksys deadbolt garage door lock the garage door lock from elocksys features a secure way to lock your garage door. Feel free to comment share and subscribe.

With an initial production run of product tooled and manufactured locally their product cost was greater than the price a. Garage door lock by elocksys went into the shark tank asking for 275k for 30 equity. Guardian reported that it redesigned the electronics resourced components and simplified the assembly of. The elocksys garage door opener sells at sears.

It can work with either manual or automatic garage doors and integrates in with virtually all automatic garage openers. Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market. The sharks all agreed there was a serious need for this product and were shocked to learn how easy it is to enter a home through the garage door. Mr white has sold quite a few of his garage door locks over the years.

After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank. This aint no start up. Robert offered 275 for an astonishing 70. Depending on who you believe the company does anywhere from 1 million to 5 million in annual sales.

Daymond offered the 275 for 40 contingent on getting a licensing deal.