Love and Pebble Net Worth: $1.5 million
“Love, Innovation and Monetary Value: The Story of Pebble Technology”
The founder’s presentation of their company’s sales report in Shark Tank was excellent. In just nine months, this business had generated $1 million in sales. This business was highly successful very quickly, and customers adored its goods. We estimate the value of Love and Pebble at $1.5 million.
|Company Name||Love and Pebble|
|Founder||Lynda Truong and Paul Truong|
|Product||Natural beauty product lines|
|Asked For||$150,000 for a 10% equity|
|Episode (Shark Tank USA)||Season 13 Episode 7|
|Air Date||Nov 19, 2021|
|Business Status||In Business|
|Headquarters||Atlanta, Georgia, United States|
A skincare product firm called Love & Pebble has revolutionised skincare hacks that will make you fall in love with your skin. Their award-winning product, The Beauty Pops, is now working wonders.
It is merely a lollypop to reduce facial puffiness. Beauty Pops is a cutting-edge item. It makes use of cryotherapy and skin-friendly face mask techniques. In addition to being practical and simple to use, it also cares for your skin.
The natural skincare business Love & Pebbles was founded by Lynda Truong and Paul Tran, who were inspired by the way penguins express their love.
In March 2020, these two married lovers collaborate to create the ground-breaking Beauty Pops, a cutting-edge product made of organic antioxidant fruits.
Who Was Love and Pebble’s Founder?
Owners Lynda and Paul Truong run the Love and Pebble Company. Beginning in November 2018, they both co-founded this business.
Co-founding this firm with her husband in 2018, Lynda is the one who came up with the concept.
Honorary Co-Founder and marketing guru Paul Truong is the head of this business. Paul has a background in medicine, and Mercer University is where he received his doctorate in pharmacy. Following his schooling, he spent 12 years working for Delta Air Lines as a pharmacist.
How Would You Rate Love and Pebble’s Shark Tank Pitch?
Paul and Lynda Truong both entered Shark Tank and requested $150k for 10% equity from the sharks. Both of them discussed their entrepreneurial journeys and how they founded this business.
Love & Pebble releases the Beauty Pops product on Mark 2021, with $890,000 in lifetime sales. In just 4 days in May, about $100,000 was sold. The video’s success on Tiktok, which went viral, led to this transaction. A video of Lynda’s mother’s face changing was posted to Tiktok, and it received 4 million views.
The item is sold for $46 and has a landed cost of $9.20. Therefore, it has an 80% margin. This business is self-funded, thanks to a $100,000 property sale by Lynda.
Have any purchases been made as a result of marketing spending, according to Kevin O’Leary, who asserts that viral events do not occur frequently. They used sponsored advertising, and the cost per new consumer was $7.
To get this stuff into the store, they need sharks. Mark Cuban stated he is out because it is not a good fit for him. According to Kevin O’Leary, this is not a product he would use, hence he is out of it. According to Daniel Lubetzky, he is not involved because he lacks knowledge in this area.
The product is not suitable for Lori Greiner, so she is out, she claimed. This business is not for the investor, according to Barbara Corcoran, so she is out. To sum up, Love and Pebble failed to strike a deal on Shark Tank.
Are Love and Pebble still in operation?
Shark provided Linda and Paul with business advice, and after a few months they were able to become featured on HSN.
The Beauty Pops product from this company is not doing well on Amazon. 85 customers have rated this product as of December 2022 on Amazon.
Dermaroller Kit and Cryo Gua Sha Face Tool, both new goods from Entrepreneur, are priced at $16.99 and $22, respectively.
Atlanta, Georgia, in the United States, is the location of this company’s headquarters, where 5 to 10 people are employed
Yes, as of December 2022, Love and Pebble is still in business. Following its spectacular appearance on Shark Tank, Love and Pebble is doing very well. This company anticipates sales of $1 million by the end of 2022.
Advantages of Love & Pebble:
All products are enhanced with vitamins and plant-based extracts.
By removing dead skin cells, their skincare product also lessens pigmentation, fine lines, wrinkles, blemishes, and dark spots.
Additionally, their products include Aloe Vera extracts, which soothe the skin and aid in the treatment of infections.
makes your skin feel lovely and silky.
uses ice therapy as part of skincare to give your skin an immediate, radiant glow.
enhances the elasticity and textures of your skin.
Issues with Love & Pebble
Their products have received some criticism for being a little messy to handle.
Visit Love & Pebble’s website if you’re interested in buying the Shark Tank product. Pop kit are also offered on Amazon.com. Additionally, the business offers pop powder, derma-rollers, serums, and a tool for micro-needling serums.
Up to $46 is the cost of a pop kit, and $29 is the cost of refills. The package comes with a mould, a spoon, a mixing spatula, and a five ounce container.
adversaries of Love & Pebble
Love and Pebble Beauty Pops doesn’t have any direct rivals. The item is the same. California Natural Beauty Pops can be a rival, but Amazon does not sell their items.
There are numerous companies on the market besides Love & Pebble that sell skin-care items for ice therapy. The ESARORA Ice Roller for Face & Eye is the best ice roller we’ve come across; it helps you attain beautiful, bright complexion by reducing skin puffiness.