Mr. Tod's Pie Factory - Season 1

Source: whybake.com

Mr. Tod's Pie Factory

ENTREPRENEUR: Tod Wilson, from Somerset, New Jersey.

ASKING FOR: $460K for 10% equity. The money will be used for equipment in his production facility.

SUMMARY: Mr Tod's Pie Factory creates palm-sized pies out of natural ingredients. Tod threw too much money into the business, too quickly, and winds up living in his car.

Tod lets the sharks know about his plans with McDonald's. The large fast food titan wants to open in-store kiosks that stock his pies. Three sharks claim they are out, but Daymond and Barbara decide this is a worthwhile pursuit. They team up, but ask for a much higher equity stake at 50%, 5 times higher than his original offer.

THE FINAL DEAL: Daymond and Barbara agree to team up for 50% of the company. Tod takes the deal.

Buy Mr. Tod's Pies online


UPDATE: Post-show, Tod Wilson cut a deal with Kevin Harrington as well. He managed to triple the size of his business and sold his pies on QVC. The bulk of his business is succeeding with e-commerce, selling his pies online. His business was featured on Oprah.com (make it rain!) so it's easy to imagine that good times are coming to Mr. Tod. I stamp this story a Shark Tank Success Story!