Saucemoto - Shark Tank Update

Saucemoto - car sauce holder

Published Last updated

Season 10, Episode 22 Founded by Tony LaHood, William Moujaes, Michael Koury In Business

Saucemoto Details

Shark Tank Episode Details

Founders Tony LaHood, William Moujaes, Michael Koury
Air Date 2019-05-05
Season & Episode Season 10, Episode 22
Initial Ask $45K for 15.0% equity
Deal Details Got deal: $45K for 25.0% equity from Robert Herjavec
Estimated Yearly Revenue $250000-$500000
Estimated Net Worth (4x estimated revenue) $1.5 million

The Shark Tank Pitch

Automotive innovation met fast-food frustration when three engineering-minded friends - Tony LaHood, William Moujaes, and Michael Koury - transformed a 2007 road trip sauce spillage incident into Saucemoto, a clever automotive accessory that clips into car air vents to hold sauce packets securely during on-the-go dining. Operating under their design firm Milkmen Design, the trio spent over a decade perfecting their concept before launching a successful Kickstarter campaign that raised $63,308 in late 2017, demonstrating market validation for their solution to the universal problem of sauce-related car messes that plague millions of Americans who eat 20% of their meals in vehicles.

Their ingenious design accommodates all major brand sauce packets while including a small dipping dish for custom sauces, priced at just $5.75 per unit with production costs of only $0.80, delivering impressive margins while solving a genuinely relatable problem that generated 44 million views for their viral promotional video. Seeking $45,000 for 15% equity and valuing their quirky but practical company at $300,000, the engineering trio entered Season 10 having already sold 12,000 units and generated $77,000 in revenue, equipped with strong unit economics, viral marketing success, and interest from major sauce manufacturers exploring promotional partnerships for their simple yet effective automotive dining solution.

Where Are They Now?

Robert Herjavec recognized both the humor and business potential in the Saucemoto concept, offering $45,000 for 25% equity after negotiations, providing the capital needed to scale their viral automotive accessory business. The deal with Robert was recorded as closed, the Shark Tank exposure delivered immediate and dramatic results, with Saucemoto selling out their inventory and experiencing explosive online sales growth that pushed annual revenue toward the $250,000-$500,000 range while building a loyal customer base on Amazon.

The company leveraged their television success to secure retail partnerships with major chains including AutoZone, Joann Fabrics, and Advance Auto Parts, while also creating branded versions for restaurant chains like Zaxby's and expanding their product line to include novelty ice cube trays and 'sauce-cuterie' boards that capitalized on their brand recognition and quirky appeal. We found that Saucemoto continues to thrive with over 23,000 Amazon customer reviews maintaining a strong 4.6-star rating, demonstrating sustained customer satisfaction and market demand, though the company currently faces ongoing legal challenges from Five Below over knockoff products, proving that sometimes the most successful Shark Tank businesses are those that solve simple, relatable problems with clever engineering and viral marketing, even when the television deals don't materialize as planned.

Revenue

$250000-$500000

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