Nail Pak Nail Polish Remover And File
Nail Pak nail polish entrepreneur and mother of 6 Barbara Lampugnale pitches the Sharks on her 3 in 1 nail polish in episode 314. Barbara is a former interior designer and cosmetics industry pro who, along with her daughters, has weekly nail parties where the girls all get together to do their nails. It was during one of these parties that the idea for Nail Pak nail polish was born. The idea of having all the elements for a manicure or pedicure in one compact package made sense to a woman with a lot of nail polish around her house. Each bottle of nail polish comes with nail polish, a file, and pre-soaked nail polish remover wipes. Its an all in one manicure system in a package the size of a regular nail polish bottle.
How Was The Shark Tank Pitch Of Nail Pak
Barbara possessed the financial means to invest in her firm, which resulted in a $300,000 investment. Sharks were surprised when she told them this.
Barbara Lampugnale appeared on Shark Tank requesting an investment of $500,000 in exchange for a 20% stake in Nail Pak.
Barbara demonstrated that the products include everything necessary for nail paint removal and the polish itself in a three-in-one accessory box.
Her product is pending a patent she also informed each shark as she presented them with samples.
When Robert asked about the selling price and production cost, she replied that the manufacturing cost was $3, and the units were sold for $14.99 each.
Robert recognized the passion displayed by the product but could not assist in its sale, so he left.
Kevin was ecstatic with the margins and looked at Lori and remarked that it would be enormously beneficial to sell the goods on QVC.
Kevin stated that going in with Lori would be less hazardous. She declined and made a $50,000 offer for 51% of the company.
Barbara disputed Loris offer of $50,000 for a 40% stake in the company. Kevin advises her not to accept the arrangement, but Barbara recognizes Loris potential and accepts the offer and the lucrative QVC support.
Barabara Lampugnale left the Shark Tank stage, securing an investment from Lori Greiner for Nail Pak.
Final Deal: Barbara Lampugnale agreed to invest $50,000 for a 40% equity in Nail Pak.
Nail Pak On The Shark Tank
Duality Cosmetics Season 3 Episode 14 Update
| Barbara Lampugnale and Her 6 DaughtersInventors of The Nail Pak |
Barbara Lampugnale first appeared on the Shark Tank Show last year on Season 3 getting a deal with Lori Greiner for the $50k to expand the Nail Pak product line. She has an ironclad patent on the 3 in 1 nail polish, remover and file combination and with Greiners help, has quickly expanded into the retail market. Barbara is the Mother of 6 girls and still finds the time to run the Very Successful Duality Cosmetics Nail Pack Business.
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Net Worth Of Nail Pak:
At the time of the shark tank appearance, Nail Pak was valued at around $125,000. They sold 10,000 bottles and made $149,900 at that one shot on QVC. They had made $750,000 before the shark tank update.
The cost of making one is $3 and sold at $14.99. Sharks were assured that the product had great margins in it. . Products are being sold online on their website and on Amazon. Also sold in stores like Ulta beauty.
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Nail Pak After Shark Tank 2018 Update
The deal between Lori and Barbara closed after Shark Tank and Lori was able to get the product on QVC. It was a very successful turnout as the product did sell out and had gotten very positive reviews on QVCs website. Lori and Barbara had already done nearly $750,000 in sales before their Shark Tank update. Lori also introduced Barbara to Ulta Beauty, a major retailer. After marketing her product to Ulta Beauty similar to how she did the Sharks, Ulta Beauty agreed to carry it in their retail stores and online. Barbara and Lori went into an UltaBeauty store six weeks later to see the product on the shelves which made both of them very happy.
Does Nail Pak still exist?
Despite this huge success and what seemed to be the start of a growing company, it appears the Nail Pak has actually gone downhill over the last couple years. Barbaras website, Duality Cosmetics, is currently down, QVC and UltaBeauty no longer sell the product, and it seems that no other outlets sell it online. The companys Facebook tried to sell eager customers that exciting things are happening with the product and that they would be back in spring of 2015, but that did not happen.
Who Is The Founder Of Nail Pak
Barbara Lampugnale founded Duality Cosmetics, which produced Nail Pak. This business produced a groundbreaking product, but the results were depressing.
Initially called Nail Pak, the company later became Grace Nail. Barbara got the idea to create Nail Pak while she and her six daughters applied nail polish one afternoon.
They discovered how difficult it was to remove it after wearing it for a while. Barbara pitched her idea to her daughters, who thought making a three-in-one item would be a million-dollar idea.
Nail Pak was a unique nail polish package that included polish, remover, file, and pads in one container.
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Is Nail Pak Still In Business
Nail Pak is still in business and has grown in popularity. The Nail Pak has been rebranded into a new business named GRACE NAIL that is thriving.
Despite this enormous success and what appeared to be the foundation of a thriving business, it appears as though the Nail Pak has declined in recent years.
Barbaras website, Duality Cosmetics, is currently unavailable, QVC and UltaBeauty no longer sell the product, and there appear to be no other online retailers carrying it.
The companys Facebook page attempted to convince excited customers that new things are happening with the product and that they will return in spring 2015, but this did not materialize.
Many believe Duality Cosmetics went out of business for various reasons, including poor quality nail polish or possible acquisition by a larger operator.
There is no confirmed source regarding Barbaras or the companys whereabouts. This is surprising because the deal closed, and Lori appeared to be heavily invested in the firms growth if something did go wrong with the company, she would almost certainly have attempted to preserve it.
Lori will likely benefit from her transaction despite the companys demise, as she invested only $50,000 and helped the product achieve significant sales before its mysterious disappearance.
Nail Pak is an excellent illustration of the hundreds of events even after a successfully closed deal.
What Happened To Nail Paks Shark Tank Pitch
Barbara Lampugnale, a nail polish businesswoman and mother of six, pitches the Sharks on her three-in-one nail polish in episode 314. Lampugnale is searching for a Shark to help her with product growth and marketing.
Barbara Lampugnale entered the Shark Tank seeking $50,000 in exchange for a 20% stake in her Nail Pak, which worth $250,000.
She admits to putting $300,000 of her personal money into the venture. The Sharks like the fact that Nail Pak costs only $3 to make yet sells for $14.99.
Robert isnt familiar with cosmetics, therefore he goes out.
Lori was completely addicted with Nail Pak. Barbara accepts her $50,000 offer in exchange for 51% ownership of the firm. She promises that Nail Pak will be sold out on QVC.
Kevin enters the battle, offering $50,000 for a 40% stake in the company and willing to bet Nail Pak on television as well.
Kevin also encourages Daymond to join him in the endeavor, and Barbara invites Lori to acquire a 40% ownership in the company. Lori agrees, but only if she may attend one of Barbaras manicure parties. Barbara agrees and exits the pitch with a deal.
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What Happened To Nail Pak At Shark Tank Pitch
Nail polish businesswoman and mother of six in episode 314, Barbara Lampugnale pitches the Sharks on her three-in-one nail polish. Lampugnale is looking for a Shark to assist her in growing and marketing the product.
Barbara Lampugnale entered Shark Tank asking $50,000 for 20% stake in her Nail Pak, which worth $250,000.
She admits to investing $300,000 of her own money. The Sharks enjoy the idea that Nail Pak is only $3 to create yet sells for $14.99.
Robert isnt familiar with cosmetics, so hes out. Mark believes its a brilliant concept, but he doesnt want to spend the time assembling a large staff to assist the product reach the market hes out as well.
Lori is obsessed with Nail Pak. She offers Barbara $50,000 in exchange for 51% ownership of the company. She guarantees that Nail Pak will sell out on QVC.
Kevin enters the fray, offering $50,000 for 40% stake in the firm and promising to wager Nail Pak on TV as well.
Kevin also invites Daymond to join him in the venture, and Barbara invites Lori to accept 40% stake in the firm. Lori agrees, but only if she may join Barbara at one of her manicure parties. Barbara agrees and walks away from the pitch with a deal.
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Nail Pak Net Worth Is Estimated To Be In Range Of $100k To $500k
Barbara came into the tank with $50,000 for 20%. Barbara proved the aggravation that could occur when girls paint their nails by showing the Sharks all the things needed and then offering them her little box, all of which contained the customer. She also told the Sharks how she got the idea and that before giving out her samples, she had a patent-pending.
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Lampugnale Made A Deal With Ulta Beauty And Later Rebranded Her Company
ABC later offered a video update on Nail Pak. Greiner told viewers that she and Lampugnale had already sold 50,000 bottles and made $750,000 in sales. In the clip, the duo struck a deal with Ulta Beauty for Nail Pak to be sold at the cosmetic retailers 500 locations and on its website.
I dont know where Id be without Shark Tank, Lampugnale said at the time. Quite literally, its more than just a TV show. It is sincerely something that has made my dreams come true.
These days, Nail Pak no longer appears on the Ulta Beauty website and isn’t available on the QVC website, but Lampugnale sells similar all-in-one manicure kitsthese ones called Grace to the Rescueon her company website. That company, once called Duality Cosmetics, is now Grace Nail Company.
I think the name itself will resonate with people more, and we are working on new color lines, she told .
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How Does Nail Pak Make Money
The cost to make one Nail Pak is $3, while the retail price is $14.99. There was a guarantee of high profits for sharks.
Customers can purchase their products online through Amazon and their website. Moreover, consider expanding your distribution to stores like Ulta beauty.
QVC subsequently sold this item following the shark tank deal. The bottles were sold in one shot, and the team earned $149,900. They had accumulated $750,000 in fortune before the shark tank update.
What Is Nail Pak
Nail Pak is a three-in-one kit that includes nail paints, pads, and nail polish remover for effective nail polish removal.
It is the smallest portable product in the history of cosmetics, and it sold incredibly successfully in its brief time on the market.
Barbara Lampugnale, who resides in West Hartford, Connecticut, with her six kids, is the inspiration for Nail Pak. Because she doesnt have much spare time, she relies on fast solutions for aesthetic chores such as nail polishing.
As a result, the multi-purpose cosmetics product Nail Pak was established. The bottle seems to be a standard nail polish bottle, but the bottom unscrews to reveal a circular file and pre-soaked nail paint removal pads.
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What Happened To Nail Pak After Shark Tank
The QVC Queen rescues the day by selling 10,000 bottles of Nail Pak following its appearance on Shark Tank. Her contract with Ulta beauty led to its expansion to 500 locations after it ceased sales on Amazon two weeks later.
Many stores were reached through the sharks assistance, which enabled the firm to thrive.
The Nail Pak product sold well on QVC during Shark Tank and was sold by Lori Greiner, but the products vanished sometime in 2014 due to an alleged merger with another company. As a result? Lori Greiner and Duality Cosmetics have no new products.
Something is fascinating about Barbara Lampagnales Manicure in a Bottle business. She built it on Nail Paks idea.
Grace Nail Firm is a new company that started in 2014 and sold exclusively online. The As Seen On Shark Tank banner is prominently displayed on the Grace Nail Company website.
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Who Is The Founder
Barbara Lampugnale founded Duality Cosmetics, which manufactured Nail Pak. This company created a game-changing product, but the consequences were sad. Barbara had the idea for one day as she and her six kids were applying nail paint.
After wearing it for a while, they found how tough it was to remove. Barbara submitted the concept to her children, who felt making a three-in-one item would be a million-dollar idea.
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Nail Pak Evolves Into Grace Nail Company After Lori Greiner Shark Tank Deal
by Kirk Taylor | Feb 22, 2018 | Shark Tank
Nail Pak is a four-in-one nail polish kits from Duality Cosmetics pitched in Shark Tank Season 3. Nail Pak includes nail polish, remover, file and pads in a convenient polish bottle kit. Throw it in your purse, and you have everything you need to do touch-ups or change your polish anywhere.
Nail Pak : What Happened After Shark Tank
Take a while to think do you have a makeup set that is compact and portable to go anywhere but nothing to back up the routine of the nail polish. Here comes the accessory just for you a 3 in 1 accessory that contains the nail polish the pads and nails polish remover to remove it cleanly without any hassle.
It is the most compact portable product in cosmetic history that has made astounding sales in the time of its lifetime. Try one today!
Nail Pak at a glance:
- 3 in 1 accessory that contains the nail polish the pads and nail polish remover.
- Founder: BABARA LAMPUGNALE
- Asked For $50,000 for 20% at $250,000 valuation on Shark Tank.
- Received $50,000 from Lori in exchange for 40% equity.
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