Teddy Needs a Bath is a cleaning solution business that appeared in Season 4 of Shark Tank. The service is designed to make cleaning children’s stuffed toys much easier.
The creators recognized that children’s soft toys could accumulate a significant amount of dust mites, allergens, and other debris over time, posing health risks to children, especially those with allergies or asthma.
Teddy Needs a Bath is a cotton laundry bag large enough to accommodate several stuffed animals. The bag is zippered, ensuring the toys are securely contained during the washing and drying.
The bag design allows stuffed animals to be safely cleaned in a washing machine and then dried in a dryer, reducing the buildup of harmful allergens without damaging the toys. This ease of use is a major selling point for busy parents who may struggle with effectively cleaning their children’s stuffed animals.
The product is also durable and reusable, making it an economical and environmentally friendly choice. Moreover, Teddy Needs a Bath can not only be used for stuffed animals but also for other delicate items that need careful handling during cleaning.
Teddy Needs a Bath is a convenient, safe, and effective solution to a common household problem. Its ability to reduce allergens in children’s toys can contribute to a healthier living environment, making it a wise investment for families.
Its appearance on Shark Tank helped it gain visibility and has likely led to wider recognition of this innovative approach to toy cleanliness.
|Company Name||Teddy Needs a Bath|
|Founder||Sam Polk and David Foster|
|Business||The perfect wash-and-dry bag for protecting your stuffed animals|
|Investment Seeking||$50,000 For 10% equity in Teddy Needs a Bath|
|Final Deal||$100,000 For 30% equity in Teddy Needs a Bath until the investment is recovered + 10% Royalty|
|Teddy Needs a Bath Episode||Season 4, Episode 13|
|Teddy Needs a Bath Business Status||In Business|
|Teddy Needs a Bath Website||Visit Website|
|Teddy Needs a Bath Net Worth||$1 Million|
What Is Teddy Needs a Bath?
Teddy Needs a Bath is a company that provides a solution for cleaning stuffed toys. Their main product is a laundry bag to wash and dry stuffed animals. The aim is to help reduce allergens and dirt that typically gather on children’s stuffed toys without damaging the toys in the process.
Teddy Needs a Bath is a cotton candy-scented laundry bag that gives a safe and effective way to clean stuffed animals and keep them looking new. This product ensures that well-loved toys, which often harbour dust mites and allergens, can be easily cleaned and returned to their owners without damage.
Teddy Needs a Bath product is large enough to hold multiple toys simultaneously and is suitable for machine washing and drying. It has a zipper closure that keeps the toys secure during washing.
By using Teddy Needs a Bath, parents can help create a healthier environment for their kids by reducing the amount of allergens and germs on their stuffed toys. It’s a simple solution to a common problem, offering peace of mind for parents and cleanliness for beloved toys.
Who Is The Founder Of Teddy Needs a Bath?
The founder of Teddy Needs a Bath is Nicole Townend. She is an entrepreneurial woman, and mother inspired to create the product based on her experiences with her daughter’s beloved stuffed animals.
Nicole Townend noticed that her daughter’s favorite stuffed animals were becoming dirty and difficult to clean properly without risking damage. Furthermore, she became aware of the health issues associated with the buildup of allergens in soft toys, especially for children with asthma or allergies.
Recognizing the gap in the market for a safe and effective cleaning solution for stuffed animals, she came up with the idea for Teddy Needs a Bath.
Before her appearance on Shark Tank, Nicole had already put significant effort into bringing her product to market. She developed the product, obtained the necessary patents, and began marketing and selling Teddy Needs a Bath online and in some small boutique stores.
Despite these successes, she realized she needed a larger platform and potential investors to take her business to the next level, which led her to apply for Shark Tank.
On Shark Tank, Nicole was able to showcase her product to a wide audience and pitch it to a panel of successful investors. She had the opportunity to explain Teddy Needs a Bath’s unique features and demonstrate its benefits in terms of convenience and reducing the health risks associated with allergens in children’s toys.
Despite the challenges and competition, Nicole’s innovative product and entrepreneurial spirit impressed the Sharks, leading to new opportunities for Teddy Needs a Bath.
How Was The Shark Tank Pitch Of Teddy Needs a Bath?
Nicole Townend, the founder of Teddy Needs a Bath, appeared on the fourth season of Shark Tank, seeking an investment of $50,000 in exchange for a 10% equity stake in her company, valuing Teddy Needs a Bath at $500,000.
She pitched her product as a unique solution to the problem of cleaning stuffed toys, a common concern among many parents. She effectively demonstrated the features of Teddy Needs a Bath, including its ability to clean soft toys in a washing machine and dryer safely and emphasized the potential health benefits of reducing allergen buildup in children’s toys.
The Sharks were initially intrigued by the product, recognizing the potential market among parents and families. However, they also had concerns.
Some Sharks questioned the demand for such a product and whether parents would consistently buy and use it. There were also concerns about the product’s profitability and the long-term sustainability of the business model.
Despite these concerns, Nicole maintained her confidence and defended her product. She addressed the Sharks’ questions and doubts with poise and assurance, demonstrating her belief in Teddy Needs a Bath and her commitment to its success.
Ultimately, Mark Cuban, one of the Sharks known for his keen business acumen, saw potential in Teddy Needs a Bath and Nicole’s passion for her product. He offered Nicole $100,000 for a 30% stake in the company, doubling the investment Nicole had initially sought.
Nicole accepted this offer, marking a successful conclusion to her Shark Tank journey. This investment provided crucial capital for the expansion of her business and gave her access to Mark Cuban’s wealth of business experience and his extensive network, which could be invaluable in the continued growth and success of Teddy Needs a Bath.
What Happened To Teddy Needs a Bath After Shark Tank?
After appearing on Shark Tank, Teddy Needs a Bath underwent several significant changes and developments. While the deal with Mark Cuban initially agreed upon in the Shark Tank pitch did not materialize in its original form, Mark still supported the business substantially.
He offered a loan with a favorable interest rate to finance orders, which usually carry interest rates of around 15% to 20%. Moreover, he served as an advisor to Nicole Townend, providing much-needed mentorship and guidance.
The business subsequently experienced substantial growth and expansion, with Teddy Needs Bath products becoming available in over 450 Babies R Us stores across the United States. This expanded availability undoubtedly raised the brand’s profile and boosted its sales.
Teddy Needs a Bath also secured a licensing deal with Gund, one of the world’s largest teddy bear makers. Gund took over the distribution and manufacturing processes, an arrangement that lasted for five years.
In a major turn of events, Nicole Townend sold Teddy Needs a Bath to Charisma Brands, an international marketer and developer of consumer products, in 2019. The terms of the deal, including the sale price, were not disclosed.
However, the business continues to operate under its new ownership. As of 2023, three products are available from the Teddy Needs a Bath website: a small Washer and Dryer Bag, an extra-large Washer and Dryer Bag, and Cotton Candy Teddy Softeners.
Following the sale of Teddy Needs a Bath, Nicole Townend co-founded a new venture, Celui Fragrance, with her high-school friend Veronica Hu in 2019.
The company specializes in premium pheromones, selling products infused with natural essences and exotic floral notes. In addition to pheromones, they also offer a variety of candles.
Nicole also maintains a presence in marketing, working part-time as a social media manager for Philosophie Super Foods. This comes after her experience as a Marketing Manager at the Sales and Marketing Agency OMNI Alliance Inc. and a Sales and Marketing Staff at Pivotshare.
Teddy Needs a Bath Shark Tank Update
After securing an investment from Mark Cuban on “Shark Tank,” Teddy Needs a Bath, founded by Nicole Townend, experienced growth and success. The deal with Cuban did not go through as initially planned, but he provided a loan and acted as an advisor.
Teddy Needs a Bath products became available in over 450 Babies R Us stores and secured a licensing deal with Gund. The licensing deal lasted for five years. In 2019, Nicole Townend sold the company to Charisma Brands.
As of 2023, Teddy Needs a Bath products are still available, offering Washer and Dryer Bags of various sizes and Cotton Candy Teddy Softeners. Nicole co-founded Celui Fragrance, specializing in premium pheromones. She also engages in other ventures, such as a social media manager for Philosophie Super Foods.
Is Teddy Needs a Bath Still In Business?
Yes, Teddy Needs a Bath is still in business. Their official website provides information about shipping and returns, indicating ongoing operations and customer interactions.
Customer reviews on Amazon show recent interactions and purchases of Teddy Needs a Bath products, particularly the Washer and Dryer Bags for cleaning stuffed animals and toys.
The reviews highlight positive experiences, suggesting that the products are still available and functional. This indicates that Teddy Needs a Bath actively serves its customers with innovative cleaning solutions for stuffed animals and delicate items.
What Is the Net Worth Of Teddy Needs a Bath?
According to our research, the net worth of Teddy Needs a Bath is estimated to be $1 million. The valuation of Teddy Needs a Bath was $333,333 after securing an investment from Mark Cuban on Shark Tank.
Also, read about other businesses that appeared on Season 4 of Shark Tank: