With an initial production run of product tooled and manufactured locally their product cost was greater than the price a.
Shark tank garage door lock follow up.
The sharks all agreed there was a serious need for this product and were shocked to learn how easy it is to enter a home through the garage door.
Robert offered 275 for an astonishing 70.
After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank.
Mr white has sold quite a few of his garage door locks over the years.
As seen on shark tank.
Garage door lock by elocksys went into the shark tank asking for 275k for 30 equity.
It can work with either manual or automatic garage doors and integrates in with virtually all automatic garage openers.
Daymond offered the 275 for 40 contingent on getting a licensing deal.
Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market.
The elocksys product adds a whole secondary layer of security to any garage door.
The elocksys garage door opener sells at sears.
Depending on who you believe the company does anywhere from 1 million to 5 million in annual sales.
Guardian reported that it redesigned the electronics resourced components and simplified the assembly of.
Elocksys deadbolt garage door lock the garage door lock from elocksys features a secure way to lock your garage door.
Link to product on amazon https amzn to 2ldjtx7 get a free stock up to 250 by signing up to robin hood start in.
One thing makes me wonder why white is in the shark tank with this product.
After shark tank garage door lock teamed up with california lock manufacturer guardian.