No Deal

Gayla Bentley Fashion

Gayla Bentley Fashion is a company started by one entrepreneur named, that's right, Gayla Bentley that makes high end apparel in Houston, TX for sizes twelve and up.

According to the entrepreneur, over sixty percent of American women are size twelve or above. Gayla Bentley Fashion itself earned $600,000 in the previous year to demonstrate this.

Gayla Bentley Fashion, as a company, is ten years old and the entrepreneur is looking for money to be able to open a flagship store down in Houston. However, the product line is currently being sold online at Neiman Marcus. According to the entrepreneur, the Home Shopping Network has approached the company about carrying their clothes but the entrepreneur has held off making any deals until after appearing on Shark Tank.

The market and the business is attractive enough to lure in both Barbara Corcoran and Daymond John who team up to make quite the deal. The sharks offer the asked for $250,000 in exchange for 50% equity in the business with the contingency that the entrepreneur make a deal with Women's House.

This represents an enormous bite of $750,000 from the value of the business. But having two sharks appears to be enough for the entrepreneur to be willing to part with so much equity.

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This page was last edited on 29 September 2020, at 12:46.