Yubo Lunch Box is presented as a line of customizable kid’s lunch boxes. Yubo lunch box is a modular lunch box that has reusable, dishwasher safe, has various airtight containers for putting various liquid kinds of stuff like yogurt and sauces, and also has an attachable water bottle holder and ice cube packs that are used to keep cold items for a long time.
All these features come with a very fancy and steady look with various color options and interchangeable faceplates that can be changed according to your kid’s taste and mood.
Yubo Lunch Box at a glance
|Founders||Paul and Cyndi Pedrazzi.|
|Asked For||$150,000 for 15% of equity.|
|Accepted Deal||$150,000 for 20% of equity.|
|Sharks||Robert Herjavec and Kevin O’ Leary.|
|Business Status||Out of Business.|
Yubo Lunch Box is founded and developed by 2 entrepreneurs and a couple called Paul Pedrazzi and Cyndi Pedrazzi. Both suffer from the same problems as traditional lunch boxes as they are very messy and cannot be cleaned which lefts them unsatisfied with bacterial infections for their children also they are very unorganized which creates a mess inside it.
They have looking for a solution and took over various other kinds of lunch boxes but they don’t find any solution to it, therefore they researched that and created “Yubo Lunch Boxes”, which are very organized having something unique in comparison to traditional ones.
Did Yubo Lunch Box get a deal on Shark Tank?
Yubo Lunch Box is represented as a unique and specially designed Lunch Boxes in ABC’s famous reality show Shark Tank in Season-5 and Episode-11. Owners represented their product as firstly they showed their daughters traditional lunch boxes that are fabricated outside and they explains their drawbacks to the Sharks they also put that they were going through an average of 200 plastics bags per year to put some liquid kinds of stuff inside their daughter’s lunch box. They are sludgy, unhealthy, and have not been dishwasher safe.
Therefore they invented Yubo Lunch Boxes that are made up of fiber and plastics and have taught body also its dishwasher safe and contains very organized space for all types of foods and beverages it keeps food warm or cold for a long time as it also comes with an additional ice bags to keep something cool for a long time, they come in various varieties and colors and also have an interchangeable face covers that can be changed according to the taste of your child.
They also gives their samples to all sharks and asked for an investment of $150,000 in exchange for 15% of their company. Sharks love their product and asked for their sales figures as they can hold over $200 to $250,000 in their 4 years of business. The cost of manufacturing a single unit is $21 with no accessories and $30 to $40 for personalized fully accessories Yubo Lunch Boxes. Currently, they are in over 100 retail stores and want to expand their operations as they also plan to put their product in Disney Land.
Owners also explain their existing deal with the manufacturer as they have to give their 20% of the company along with a royalty of 5% until they sold over 750,000 units after that a royalty of 1%. Daymond told them they don’t like the royalty deal also, Barbara told them their product is too big to fit inside the bags of the children, therefore, they backed themselves.
Later Kevin O’ Leary offers them $150,000 for 10% equity and the same royalty deal as the manufacturer has. Robert also offers them a deal of $150,000 for 30%. Lori also offers them $150,000 for 20% as she is already a part of Disney and has better relations over there.
Later Kevin counter others and gives him another offer of $150,000 for 20% and no royalty in it. Lori also drops their offer at 15% equity but they want their capital back within 15 months. Robert also offers them the same 15% of equity deal but without any repayment restrictions.
Later Robert and Kevin jointly offer them an investment of $150,000 for 20% (10% each) but they want their capital back within 18 months. Owners accepted their deal and here they get a deal on Shark Tank.
What Happened to Yubo Lunch Box after Shark Tank
After the show, it receives a massive hike in its purchase orders as an effect of the shark tank show. They initially started selling them in various other parts of the country and later it becomes a very popular product in the lunch box market they were interviewed by various media houses for their product. Later they started selling them in various other parts of the world like Hong Kong, Turkey, Netherlands, UAE, England, etc.
After their 10 years of business, they Shut-Down their operations in January-2019, that are informed by him on their Facebook Handle that they want to move to some other adventures things.
Competitors of Yubo Lunch Box
Yubo Lunch Box is one of its kind of unique products that exist in the market but they have to face competitors as they are in common Lunchbox market some of their competitors are as follows:-
- School Zone Lunch Boxes.
- LunchBots. etc.
Net Worth of Yubo Lunch Box
The Net Worth of Yubo Lunch Box when it appears in the show is estimated at $750,000. Currently, the company is not been in business but they have secured approximately two times more valuation till they Shut Down their Business.
Is Yubo Lunch Box still in Business?
No, the company is not in Business as they are operating well in the market since they appeared in Shark Tank but they shut their operations for some other objectives that are not been disclosed by them.
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What is Yubo Lunch Box?
box that has reusable, dishwasher safe, has various airtight containers for putting various liquid kinds of stuff like yogurt and sauces and also has an attachable water bottle holder and ice cube packs that are used to keep cold items for a long time.
Who founded Yubo Lunch Box?
Yubo Lunch Box is founded and developed by 2 entrepreneurs and a couple called Paul Pedrazzi and Cyndi Pedrazzi.