Big Mouth Toothbrush Shark Tank Update – Big Mouth Toothbrush Net worth

This thrilling episode of Shark Tank introduced us to Bobbi Peterson, who has designed a fantastic dental product. She was concerned about oral hygiene and came up with the idea of making an electronic toothbrush.

This particular type of brush, specifically named The Big Mouth Toothbrush, has a broader head with more bristles, making cleaning faster and easier. She entered the show in Episode 15 of Season 14 and presented her product.

The sharks involved were Lori Greiner, Barbara Corcoran, Mark Cuban, Kevin O’Leary, and Robert Herjavec. Let’s see if Bobbi can impress the sharks! Did she close any deal with the investors? Just dive right into the article to enjoy the whole scenario on the show.

Big Mouth Toothbrush Net worth

The company has a projected net worth of $1.5 million at the end of 2023.

Did the Big Mouth Toothbrush get a deal on the Shark Tank?

Yes, The Big Mouth Toothbrush managed to get a deal with Barbara Corcoran. The entrepreneur made a counteroffer of $150,000 for a 20% stake with a royalty of $2 per unit sold in perpetuity. Barbara accepted this counteroffer, and that’s how the company got a deal.

Shark(s) InvolvedOffer madeCounterofferEquityAccepted?
Lori Greiner  N/AN/AN/ANo
Kevin O’Leary$150,000 stake with a royalty of $5 per unit sold in perpetuity$150,000 for a 20% stake with a royalty of $2 per unit sold in perpetuity25%No
Barbara CorcoranN/A$150,000 with a royalty of $2 per unit sold in perpetuity20%Yes
Mark Cuban  N/AN/AN/ANo
Robert HerjavecN/AN/AN/ANo

The Big Mouth Toothbrush Shark Tank Update

big mouth toothbrush shark tank deal

The Big Mouth Toothbrush Products

Big Mouth Toothbrush is a company that makes unique electronic dental products to enhance oral hygiene and health. This particular brush is a better way of cleaning the mouth than the regular toothbrush because of its giant head with more bristles.

It covers more areas of the mind that make hygiene quick and better. Different designs and sizes of toothbrushes are available in the company’s products. Big Mouth Toothbrush effectively removes plaque and is gentle on your gums. It’s a beneficial product for thorough cleaning of your mouth.

Big Mouth Toothbrush Founder

big mouth toothbrush founder and backstory

Bobbi Peterson is an orthodontist who founded the Big Mouth Toothbrush. She’s from Brooklyn, New York, and is the first black lady who has designed an electronic toothbrush. Because of her field of work, she was worried about oral health care and decided to design a unique toothbrush with many features. The spa covers more surface area, creating a more massaged, relaxing feeling while brushing your teeth.

Bobbi said she had a struggling background and was the youngest of eight. Her mother,  also named Barbara, did three jobs for a living. Bobbi had a daughter who motivated her to complete her studies and work harder in her field. She studied at Howard University and opened her practice after finishing her orthodontic residency. She’s a passionate orthodontist and went ahead to establish the Big Mouth Toothbrush.

Pitch and Initial Presentation

The founder of the company burst onto the show with vibrant energy. She introduced herself and started the presentation. She was seeking $150,000 with equity of 10% stake. To convince the Sharks, she said there is a massive problem of gum disease that affects 50% of the world’s population. Our mouth is the key to our overall health, and infection can travel early.

Poor teeth brushing or a dirty mouth results in plaque buildup, which causes gum diseases. Gum diseases lead to tooth loss. On this point, Bobbi presented a picture of Kevin with tooth loss. The sharks saw the picture, which made them laugh out loud. Then Bobbi told me why she cared so much about teeth. Because she’s an orthodontist, so she brought an electric toothbrush.

Discussion on Pitch and Offers

After describing the features of her product, she asked the investors if they had any questions. They were presented with their separate sample toothbrushes in front of them. The samples had water, toothpaste, and different settings. Lori commented, “You’ve more settings than I’ve ever seen.” She found them fascinating; settings were like “gum care, sensitive, clean,

polish and white.” Lori wanted to know if this cut down the time. Bobbi replied, “It does. It potentially cuts down tooth brushing time”. Then Kevin asked about the design. The founder explained that she has a patent-pending design on the toothbrush. To know more about the reason for making big brushes, Barbara inquired why others didn’t think like this. Mark added sarcastically that they waited for Brooklyn to develop a new idea. Bobbi said that she can’t answer why they don’t have it. She can only answer why she did it.

Robert asked about their sales. Bobbi said she sold this for $69.99 and the land is $14. She sells them in her practice and online as well. Robert asked how many she had sold. She said that she launched it in January, and from then to July, she sold 60,000. Out of 6 months, only 4 months are of active sales.

Negotiation and Final Deal

When the discussion was over, and it came to making an offer, four out of five sharks were already out. They said that this is a very crowded space with business and marketing. They can’t invest millions of dollars for a product that costs $69. It would be a tricky business.

Kevin remained the only investor who could make an offer. Even he was not ready to go for it. But after some confusion, he offered $150,000 with a 25% stake and the royalty of $5 per unit sold in perpetuity. Bobbi didn’t like this and made a counteroffer of $150,000 for a 20% stake with a royalty of $2 per unit sold in perpetuity. Kevin was thinking still, and Barbara instantly accepted the counteroffer. That’s how the company got a deal with Barbara.

Challenges and Motivations

Finding investors in her company’s product has been challenging for the founder. A design patent was required to make the product and its dimensions. Bobbi might face competition with other established toothbrush brands as well.

As for the motivation, Bobbi desired to provide a unique innovation in people’s lives, significantly to enhance their oral health. She worked hard to chase her dreams and developed this fantastic dental product.

Product Retail Availability

Big Mouth Toothbrush is an advanced product that significantly impacts oral health care. It attracts people because of its unique features. The company sells its products online for $14 per unit. One can get products by visiting the official website and simply ordering there. Customers experience better toothbrushing with this product, contributing to their oral health and hygiene.

Conclusion

The company was successful in securing a deal on Shark Tank. The investors appreciated Bobbi Peterson’s presentation. She is a hardworking entrepreneur and ambitious to make advancements in her company in the future.

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