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Big Saving. Extra saving. Kevin points out that the two are selling the most ridiculous idea, milk that tastes like the leftover milk from a cereal bowl.
Lori asks what inspired the cereal, and Chris and Tiffany say they are just major cereal lovers with an idea. They went to a frozen yogurt place one night, which typically has at least 12 to 20 flavors depending on the size of the store, and he noticed that milk only has three flavors — milk vanilla, chocolate, and strawberry.
Daymond asks if the product is marketable — the humor is there that the bottom of the bowl milk tastes the best, but he asks if people are actually interested in it.
However, Steve Tisch, the guest shark on this episode of Shark Tank the owner of the New York Giants and a film producer, actually the only person to have both a Super Bowl ring and an Emmy award mentions that he is a cereal-for-dinner type of guy and he actually loves the milk out of the bottom of the bowl.
Even Mark agrees, but Daymond does not see the appeal — he associates that part of the meal with drool and backwash.
Steve asks if they have tested the product, and Chris says that kids love it; Daymond mentions he is dairy intolerant, and defers to Steve for the taste test, which Steve bombs with a B grade.
Kevin asks what market are they attempting to garner share in milk, dairy products, sweetened dairy products, etc. The milk does not need to be refrigerated, but it tastes better when it is cold; Kevin says that getting refrigerated space is an entirely different story, since these items typically have higher margins and to rent out the refrigerated store space requires huge capital and product movement.
Mark folds out of the game first. Daymond mentions that with 20 grams of sugar and calories, Lori backs up Daymond , that is a lot for a little carton sold to a kid.
There already is an obesity issue, but Chris insists that their drink has less sugar than any juice or flavored milk already on the market.
Not long before the filming of this episode in , there was a movement for flavored milk to be removed from schools, and there was a huge backlash from kids removed.
However, they just tipped off the Sharks with one of the biggest red flags, but Chris says that he wants to be honest because the kids started drinking soda and juice and demanded their milk back.
Milk is more wholesome and delicious than soda and juice, even flavored milk, so the children begged for milk to be brought back, and chocolate milk was even being marketed as the perfect recovery drink for athletes.
Daymond says that he thinks Cow Wow Cereal Milk is dangerous to advertise kids, and folds out of the deal as well. Without love and passion, she exits the deal.
Steve Tisch says he loves the concept and branding, but the taste is not quite there in terms of taste. The taste he rated as a B, and he needs it to be an A, and the product needs more development — he also exits the deal.
Why would Kevin want to tie up his money in a business in an already extremely competitive environment? They would need a far more concise business plan that can more clearly explain to any one of the Sharks why the couple thinks Cow Wow has a chance in hell of succeeding.
We already have an issue with obesity. The products are said to be listed and sold at a Kroger near me Kroger is the largest grocer in the United States , but I was just there yesterday and can confirm that I did not pass by any Cow Wow Cereal Milk.