The Turbobaster is a product from San Francisco, CA, that aims to replace the traditional bulb baster we use every Thanksgiving to keep that turkey moist. (Obviously, you can and should baste more things thant that but... it creates an image, natch)
Instead of the tired old bulb baster, the Turbobaster is a battery operated baster with a built in brush and injector tip. And to keep things easy to clean, the whole damn thing comes to pieces.
The entrepreneur was demoing a prototype of the Turbobaster, so they hadn't really figured out what the end cost to the consumer might be but they predicted it might be in the neighborhood of $19.99 to $29.99 per unit.
The entrepreneur believes that there will be a market for this little gadget because it's multi-use. And Kevin Harrington seems to agree because he offers the asked for $35,000 to just buy up the whole thing!
And, as with all Category:Buyout:buyout deals, this means that that money goes right into the entrepreneur's pocket as pure profit! In additional the entrepreneur will receive a lifetime 2% royalty on every sale of the gadget.