Sun Staches After Shark Tank
There is a face wear company on Shark Tank called Sun Staches that sells mustache glasses. They offer UV 400 protection and impact resistant lenses for the glasses. The company was started by a college friend and was designed to be funny. He was originally trying to solve a problem with facial hair.
The company was originally created as a goof, but has since become a successful and wildly popular company. Sun Staches has been spotted on celebrities such as Selena Gomez and Justin Bieber. Its popularity has helped it to generate millions of dollars in free publicity. Today, the company is one of the best sellers of novelty eyewear, and is available in hundreds of designs. In addition to its own brand, it also has licensing agreements with big corporations in the cartoon and movie industries.
The company has licensed its trademarks to Warner Brothers and Nickelodeon. Sun Staches has also been featured on the popular TV show, Jimmy Kimmel Live!, where it received positive feedback from viewers.
Sun Staches has a large following of customers, and has also generated millions of dollars in free publicity. Its unique designs include Santa Clause and Ninja Turtles glasses, among others. They also offer costume glasses and police sunglasses. They can be purchased online through Amazon. Although they are sold in a variety of styles, they all offer UV400 protection, impact resistant lenses, and a wide selection of colors.
The company had tried to license with Marvel, but was unsuccessful. After appearing on Shark Tank, however, they were able to secure a deal with the comic book publisher. This deal will allow Sun Staches to pay a royalty to Marvel for each product sold. Since the licensing connection allows them to reduce their costs, they will be able to expand their business.
Besides the Marvel deal, Sun Staches have also received numerous endorsements from celebrities. Among them are Bill Murray, Justin Bieber, and Miley Cyrus. Currently, they have a large social media presence and are receiving orders from around the world. These glasses make for great holiday wear, birthday gifts, and role-play accessories. And they are now available in major retailers, including Walmart, Urban Outfitters, and Target.
Before the Shark Tank, Sun Staches had tried to get a meeting with Marvel. But, the company didn’t get the meeting they wanted. Afterwards, they approached Daymond John, a renowned investor who had previously invested in the Shark Tank. He offered a 20% equity stake in the company. Damon Cuban, who was introduced by Eric Liberman, also offered a 25% equity stake in the company.
Despite being turned down by the sharks, Sun Staches was eventually able to land a $300,000 deal with Daymond. This deal is worth about 25% of the company’s value. However, Daymond says that he wants to be in the business for the long term and is willing to invest up to $20 million a year.
Sun Staches has had great success in its short life, earning more than $6 million last year. If it continues to grow, it could be a major player in the face wear industry.