next in the tank is a company that brings a cool addition to your wellness routine hey sharks i'm michael garrett and i'm ryan dewey and we're from sacramento california our company is plunge and we're seeking 1. 2 million dollars for a 5 stake in our company sharks what if i told you you could lower inflammation increase fat loss strengthen your immune system sleep better reduce muscle soreness have more energy in just one minute well this isn't fiction this is reality and this is not a bathtub this is a cold plunge studies show that cold plunging increases norepinephrine levels two to three times their normal amount i don't know what that is either but apparently that's what leads to all those incredible benefits sharks all over the world cold exposure is exploding but buying 40 pounds of ice is a huge hassle our revolutionary cold plunge uses powerful cooling and filtration to give you cold crystal clear water whenever you want all in a beautiful sleek tub just set your temperature anywhere from 60 all the way down to 39. so sharks who's ready to take the plunge wow how about you robert you look like you could use the plunge i'll try it i'll try that's cool let's do it baby amazing what's the temperature set up it's five right now 55 that's not bad it's pretty cold 55 no i've done cold plungers like many times because we have one at the mavericks obviously why can't i fill up my tub with cold enough water cold out of the tap isn't going to be you know 55 maybe some times of the year if you're in a cold environment you can throw ice in it though that's what most people do right now they're buying ice and then it's like they have to drain it right after where our unit is always filtering it's always set it's always clean it's about if all right the key here is going to be anchoring to your breath your body is going to want to be really excited you're going to want to get out but you want to override that with slo just relax robert how long is he supposed to hold back the urge to jump out two minutes there he goes two minutes is ideal you can't do that robert you just gotta get in don't be a wimp so do i just yep just lay back get comfortable [Music] override the body your mind wants to get out just breathe through it this is your body's loving totally safe slow down the breathing nice slow breaths beautiful be one with the cold he's gonna feel incredible after really cold are you feeling like numb like you're getting used to it like it's not as bad as when you're first walking but surprisingly the breathing really helped and now it doesn't feel as bad i wouldn't say it's comfortable but it's not bad i'm here grabbing a towel right there oh my god wow mark why do they do it why do the athletes do it it helps with inflammation i'll just put my leg in actually it's incredible like you feel your blood flowing like seriously like i feel no it wakes you up if you go like on it wakes you up ready to go let's go let's go so michael and ryan the big ice cube in the room is the 1.
2 million for five percent and shoots a 24 million dollar valuation you better be selling a lot of them we just launched a year ago we were building out of his garage literally 12 months ago we sold our first unit to date we've done 4. 9 million dollars in sales wow over the 12 months 4. 9 year-to-date 4.
5 and we're on pace this month through one point one walk us through the economics yeah thank you thank you what's it cost to make one and how much do you sell it for and how do you sell it so we sell them all on our website and so this plunge is 4 800 so it's very affordable our landed cost is 2 400 and that does include shipping do you have an installation service that's the amazing part of it it shows up they put it wherever you want it from there you have about 15 minutes of setup and that 15 minutes is mostly filling up with a hose the question is how big is your market right because what happens when somebody comes up with a good product you get all the pen up demand as people hear about it and they dive in right so you get this initial surge at a 24. 5 million valuation and only having five percent you have to make 24 million dollars in distributable cash profits in order for us to get our money back right i have to think in terms not only can i get my money back but how much more money can i make in it and for you to come on here with that valuation i can't blame you i can i'll do the blaming okay so i like the deal because of the revenue but i also see lots of competitors that could knock you off i'll make you an offer i'll give you the 1. 2 million for 18 equity but i have to get my money back somehow so i get 18 of the distributions you get the rest every time you take out a dollar i get 18 cents [Music] let me tell you what i think i agree with mark i think about like how many years is going to take me to get my money back i wish you the best of luck but i'm out so guys is more money better like is the 1.
2 million when you've calculated what you really need or is it like if you got more money would it make life better would make things go faster so so 1. 2 million gets us it's enough for 400 units that we can build what we want to do with the money is to really ramp up production okay i'm going to give you an offer i'll give you the 1. 2 for 20 and it's going to be in the form of half a loan or line of credit whatever you prefer because i think that's your real need you just have cash flow problems and then the other 50 up front got it thank you i asked a question about cash because i wanted to see what you were doing with it if you have more cash do things go faster and it sounds like they do uh i'll give you 2.
4 million 1. 2 million for straight equity i want 15 for that and i'll give you the other 1. 2 million as a straight up loan same rate you will get from the bank because i do think more money will make things go faster so that's my offer [Music] guys i'll simplify all that okay i'll offer you the 1.
2 uh million 15 right i'll finance your purchase orders and it's just got to be first dollar back to me on the sale and so if you finance 100 units or 200 when you sell those i get paid back first right so it's just first dollar back got it so you guys you now have four offers what a lucky day for you guys what are you gonna do robert would you would you drop to ten percent i dropped to twelve percent [Music] mark ten percent [Music] robert we got a deal wow incredible 12 months ago we were in my garage building cold plunges and now here we are rob we have a deal with robert 2.
