What Are You Smell Soap?
You Smell Soap is an organic soap brand manufactured with bright colors. It brings a breath of fresh air to an otherwise snobby sector. You Smell Soap is loaded with vitamin E and antioxidants and is available in scents such as Lemon Verbena and Lavender Mint. The company also produces paper wipes for freshening up on the go.
You Smell Soap is a luxurious product that does not take itself too seriously. You Smell Soap is made with natural components such as shea butter and olive oil, and it is aromatic while remaining mild and relaxing on the skin.
These bars contain shea butter and olive oil and lather with a delightfully smooth and creamy foam. The natural scent of You Smell Soap does not interfere with its gentle and relaxing properties on your skin.
Every bar comes in the company’s signature “You Smell” packaging, which is vintage-inspired and sure to start a conversation. All the ingredients in You Smell Soap are organic, vegan, paraben-free, phthalate-free, and gluten-free.
|Company Name||You Smell Soap|
|Product / Business||Premium Organic Luxury Soaps|
|Investment Asking For||$55,000 for 20% equity in You Smell Soap|
|Final Deal||$55,000 for 20% equity in You Smell Soap + $50,000 for living expenses|
|Episode||Season 3 Episode 3|
|Business Status||In Business|
Who Is The Founder Of You Smell Soap?
Megan Cummins is the founder of You Smell Soap. She claims that during a college exercise, she was inspired to come up with the idea of creating a unique product with an attractive label and package, which she then turned into a business.
Formerly a graphic designer, Megan moved her business full-time after deciding to devote all her time and energy to it.
Moreover, her future husband showed his support by becoming fully involved in her business, which helped to increase the brand’s visibility.
She transformed the You Smell College product into a premium brand-led her to, thinking that the outcome would have a huge market impact and generate significant profits for her company.
You Smell Soap Before Shark Tank
Megan Cummins studied at a university before appearing on Shark Tank, and she graduated with honors when she finished her education. She had access to a range of equipment to design packages for any product she could think of as part of a college assignment. She completed the project with flying colors.
She came up with the idea of creating personalized packaging for premium soap bars, which she named You Smell Soap. After receiving positive feedback for her bespoke luxury soap packaging, Megan Cummins was inspired to create solid soap bars.
She packaged the soap bars in her creative packaging and sent them to test the market. She made twelve hundred packages of luxury Soap to complete the project, which she then distributed to more than a hundred merchants and retail outlets worldwide.
She claims to have done this to determine what people thought about her luxury Soap and what price range she should set for the product.
You Smell Soap is not yet a legit business and has no sales, so Megan Cummins needs the investment of one of the Sharks to expand production and begin selling the soap bars to stores and other outlets.
How Was The Shark Tank Pitch Of You Smell Soap?
Megan Cummings appeared on Shark Tank seeking a $55,000 investment for a 20 percent stock stake in the You Smell Soap.
Final Deal: Robert Herjavec agreed to invest $55,000 for a 20% stake in You Smell Soap.
What Happened To You Smell Soap After Shark Tank?
Megan received proposals from three separate Sharks: Barbara, Cuban, and Robert. Robert Herjavec offered her $55,000 in exchange for a 20 percent ownership stake in her soap company, and she opted for that deal.
He also promised an extra $50,000 to help her get her business up and running quickly.
She did not receive the money once the episode aired, however. She had attempted to call Robert numerous times after he had failed to respond to her messages, but she had been unsuccessful in her attempts.
Herjavec took advantage of a barrage of negative coverage in the media to address the issue.
She finally turned down the $50,000 for 50 percent of the company he offered instead of the $50,000 for 20 percent she’d been promised on the show since she did not want to share in the company’s profits.
Megan was not contacted immediately after the show since he had to complete the due diligence procedure first, and only then did he decide to alter his initial offer. Despite her failed transaction with an outside investor, Megan managed to expand her company.
It wasn’t long before her fiancé started working full-time for the company. They continued to work on it. You Smell until an unknown sum was paid to the company in 2014. They were forced to close the company in 2016.
However, that’s not the end of her journey as an entrepreneur with the company. Since she sold her soap business in 2014, Sparklepop has been featured in several publications, including Oprah Magazine and Family Circle. She now lives in Los Angeles with her husband.
She closed her doors in 2019, and the business is no longer operational as of 2022. Currently, she is concentrating her efforts on Downloads that Donate, an Etsy site that sells digital clipart files that may be used to design t-shirts and other items.
She also donates a portion of her sales to no-kill animal shelters throughout the United States. Based on the latest information, she is still operating her contract design business that she has been running since 2007.
You Smell Soap Shark Tank Update
Robert Herjevic was the one who Megan Cummins ultimately decided to collaborate with after she had three potential investors competing for a stake in her new soap firm.
Before signing the paperwork and exchanging money, all competitors and the Sharks undergo a due diligence process. This is standard procedure for all of the agreements made during the show.
Megan claims that she attempted to contact Robert after they taped the program but was unsuccessful before its broadcast for six months. Really?
The offer is made more attractive to Robert at the expense of two other Sharks interested in this product, and then Robert backs out.
After several months of making fruitless attempts to contact her new Shark partner, she finally received word that he was unaware that this company was starting and had no sales.
As was promised on the show “Shark Tank,” Megan eventually received a contract from Herjevic to purchase into her company after several months had passed.
The only catch is that the terms have been altered, and now he is demanding fifty percent of the company, which is a significant increase from his initial offer and is not even near the amounts that Mark and Barbara have made.
Are You Smell Soap Still In Business?
CNET reports that despite the positive publicity from Shark Tank, Cummins was unable to deliver on time due to conflicting schedules. Cummins spoke with CNET; she showed the reporter her ring finger, which was bare since she had just gotten engaged.
“I wanted a ring, but we decided to invest the money my fiance had saved for it into the company instead.” “I was looking forward to being married,” says the bride.
Since then, the You Smell soap website has been removed from the World Wide Web. On the other hand, You Smell Soap is still available online at Amazon at $8 for a 5.0-ounce bar).
What Is the Net Worth Of You Smell Soap?
The valuation of You Smell Soap was $2.75 Million when it appeared on Shark Tank. The net worth of You Smell Soap is around $5 Million as of 2022.