Shark Tank Update: Doorman Delivery Service Sets Off Feeding Frenzy; Robert Herjavec Invests $250k

Zander Adell says he has the solution to an online shopping problem, and he’d like the Shark Tank to help him finance it. He says that the problem with online shopping is the delivery, because packages are delivered during the day, when people are at work or running errands.

He says this leads to packages that are rained on, stolen, or undelivered, or that customers are inconvenienced by the necessity of staying home and waiting for the mail, or driving to a package pick-up center. Instead, packages should be delivered at night, or otherwise on your schedule.

Hence his company, Doorman Package Delivery – have your package delivered to their warehouse, and use the connected app to schedule a delivery that’s convenient for you — even if it’s after dark or on Sunday.

What Is the Story of Doorman Delivery Service on Shark Tank?

The service is $3.99 per package, or $19 per month for unlimited packages.

It’s currently available only in San Francisco, and the warehouse size limits the size of packages the company can take. However, business is good: he has hired three drivers, and is making an average of 80 deliveries per night. He’d like to expand into Chicago next, and then other cities.

He’s asking for $250,000 for a 10% stake. His own investment has been $50,000, and the business has taken in $220,000 so far, netting 30 customers in only a few months.

• Barbara Corcoran was the first to make an offer, but her offer was for the whole Shark Tank: “We all like him. I think we should all go in on the deal.
• Robert Herjavec was the first to concur, followed by Lori Greiner. Barbara, however, suggested making the deal for a 20% stake, instead of the offered 10%.
• Mark Cuban said he wasn’t interested in the deal, and Kevin O’Leary said, “I’m not there.”

However, Adell wasn’t sure he was ‘there’ either. He said that 20% would difficult, though he acknowledged that having sharks with influence in three different cities would be a benefit to his business. Herjavec invited a counter offer.

Adell offered 12% for $250,000, and Herjavec said he’d take it himself, if the other sharks didn’t agree. Lori was indignant at being cut out. “I’m from Chicago. That’s where you want to be next. I’ll do $250,00 for 15%.”

Barbara cut in to ask if Zander was even considering 20%, which he said he’d do only for more cash. At that, Barbara announced she was out, leaving Lori and Mark to fight for the deal.

The sharks argued briefly, talking over one another, but ultimately, Zander expressed that Doorman Delivery Service had to take the deal with the best numbers, and he found himself shaking hands with Robert Herjavec.

Final agreement: Robert Herjavec agreed to invest $250,000 in Doorman Delivery Service for a 12% stake in the company.