"Taste Life In The Next Dimension" With SuperOrbs | Shark Tank Aus | Shark Tank Global

Super Orbs, a vegan snack and meal made with organic superfoods, sought investment in Shark Tank Australia. The founders presented a product with a strong retail presence but faced challenges with their business model, including cash flow and scalability. Despite a positive reception to the product, the Sharks ultimately declined investment due to concerns over the business model's viability, though one offered a potential partnership through their purchasing manager.

Product Description

• 00:00:35 Super Orbs are a vegan snack and meal made with organic superfoods and are low in nutrients, and made without fillers, additives, or preservatives. They are handcrafted, but manufactured in a way that allows for high volumes without compromising nutritional integrity.

Business Performance

• 00:01:27 Super Orbs was launched six years ago with an initial investment of $57, achieving $11.25 million in revenue in that time. It has a strong retail presence in over 100 stores in Victoria and South Australia, with an average retail price of $4 per unit.

Financial Status

• 00:04:16 The company has approximately $61,000 in debt, primarily related to raw materials, and around $20,000 in monthly accounts receivable. They have about $35,000 worth of stock on hand.

Shark Tank Outcomes

• 00:06:00 The Sharks generally praised the product and its potential, but expressed concerns about the business model and the founders' ability to manage growth and cash flow. All sharks declined investment, except for one who offered an introduction to their purchasing manager to potentially trial the product in their stores.