Pinch Me Dough inventor Nancy Rothner of Lewes snared a deal with multimillionaire Robert Herjavec on ABC’s “Shark Tank” March 5, netting a $300,000 investment for a 20 percent stake in the company.
Rothner pitched her idea to investors Mark Cuban, Lori Greiner, Daymond John, Kevin O’Leary and Herjavec, stating that in less than five years, she grew from $200,000 in sales to $1.95 million in 2019. In 2019, she said, her company had profits of over $580,000, after she withdrew her own salary, and she was on track to earn $2.5 million in sales in 2020 before the pandemic hit.
The dough costs $4.50 to manufacture the smallest size, which retails for $14.99; the larger size costs $7.50 to manufacture and retails for $24.99, she told investors.
Cuban, Greiner and John all passed on the opportunity to invest in Pinch Me, but Herjavec and O’Leary both offered $300,000 for a 25 percent stake in the company. Rothner tried to…