First into the tank are Philadelphia-native sisters Jorrae and Kelly Beard of LuLu Bang, seeking $150,000 for 10 percent equity.

Key Highlights: LuLu Bang on Shark Tank

  1. LuLu Bang sauces pitched on Shark Tank for $150,000 for 10% equity.
  2. Available in 170 Walmart stores with $45,000 in sales over three months.
  3. Sharks praise the taste but have concerns about distribution and scalability.
  4. Kevin O’Leary points out difficulties in effective distribution strategy.
  5. Lori Greiner and Mark Cuban find the product not unique enough.
  6. Robert Herjavec finds the packaging confusing.
  7. Despite positive feedback on the sauce, all sharks ultimately decline to invest.

Company Overview: LuLu Bang Sauces

Tired of the same old boring sauces? LuLu Bang from Joyce’s Soulful Cuisine has got you (and your food) covered.

According to their website, their sauces “are all guaranteed to enhance the flavor of any of your favorite foods, whether it’s fish, chicken, or beef, pasta, rice or salads.”

Flavors include Asian Persuasion, It’s Just Hot! and BBQ Fusion. Two jars cost $15.98. Per their website, history was in the making as soon as someone said, “Never forget that I Bang EveryTHANG.”

The Shark Tank Performance

The sharks say the sauce is very good, but Kevin O’Leary quickly points out the issue about the difficulty of having an effective distribution strategy. They are in 170 Walmart stores, which impresses the sharks. In three months, they sold $45,000 from being in Walmart stores.

The sharks quickly lose interest, however, when they learn that they don’t sell a large quantity of bottles per week. O’Leary goes out, followed by Daymond John, despite loving the sauce. They believe it will be too difficult to sell online.

Robert Herjavec says he finds the packaging confusing and goes out as well. Lori Greiner thinks they’ve “done an amazing job” but doesn’t find it unique enough. She goes out, followed by Mark Cuban.

Social Media Reacts to LuLu Bang’s Appearance on “Shark Tank”

Wrapping Up

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.

Would you try LuLu Bang sauces? Sound off in the comments section below!