Who knew that such a simple product as a yak and cow milk dog chew was going to be such a big earner? The Himalayan Dog Chew is a product featured in our “Shark Tank” video below, and there is not a whole lot negative we can say about the product.
We wondered going into this if a pet product on this show, especially one so simple, could make a big splash. However, money talks, and the fact that these guys had more than $5 million in sales last year alone is stunning. It helps to justify what is a pretty intense valuation of their company. (We still think that it is a little high, given the value of the sharks.) They demonstrate the product well, and the real selling point here appears to be just how simple it really is. There are only four ingredients that go into the dog chew, and it is something that even people can eat, given that many do back in the Himalayan Mountains.
Now, we come to the question at the center of this preview: Do these guys really need the help of a Shark? They are already making a killing with this product, and while the good thing here is that it is easy to have return customers since dogs always need new chews, have they already maxed out their earnings potential? It feels like they may be closer to their ceiling than some other products that come on the show. (We know the pet industry makes billions of dollars of revenue, but there is a whole lot of competition.)
Ultimately, the sharks will have to pay a big price to get on board here, and just based on the simplicity and success of this product, this could be one of the more interesting negotiations that we have seen.