![]() Robert then explains that the Sharks deal with a lot of hotel chains, and a lot of hotels are incredibly frugal – Robert suggests that they should give the hotels free Aqua Vaults, and then take a share of the revenue. The three men behind Aqua Vault do not have a deal in place where they profit off daily rentals of the Aqua Vault. Each hotel then rents out the space of an Aqua Vault to the residents, costing between $5 and $10 per day. Where does the investor make the return? Amin clarifies that the Aqua Vaults are being sold, at wholesale price, to each hotel. They do have a contract for another 10,000 units by the year’s end, which should help them come close to 100,000 units.Īs an investor, Kevin points out the strategy – the hotel leases the space to the customer, then bills the customer at the end of their stay. ![]() They have sold, over a period of 6 months, Aqua Vaults totalling up to $87,000 in revenue. The majority of the hotels in South Beach, Florida, have actually signed up for Aqua Vaults. There are a few different models of Aqua Vaults, and their plan is currently to target locations such as hotels, cruise ships, and theme parks. Kevin asks for the business model from the three men, as their competitor has actually pitched their idea to Kevin before for a potential investment. Obviously, the more units that are ordered, the cheaper each individual Aqua Vault will be. They are made for $10.86, but they have only ordered the minimum number of Aqua Vaults from the factory, which was a minimum of 5,000 units. The Aqua Vault retails for $49.99, but will wholesale for $22.95. As Robert asks what Aqua Vault is sold for, Jon passes out samples. Robert admits that this is a great concept, since as a family man himself, he is always in charge of staying by the towels and guarding everyone’s belongings. Aqua Vault isn’t limited to just use by the beach, Aqua Vault also works great for trips to the golf course or for company picnics.Īqua Vault On Shark Tank An open Aqua Vault Now you can stop worrying about anyone snooping around your belongings – just lock up, and step away for anything. Set your code, insert your valuables, then clamp the vault shut over any fixes object with a bar, such as chairs by the pool or umbrella stands. ![]() ![]() The Aqua Vault is a simple and stylish portable vault to secure your valuable. If you were at the beach, pool, or waterpark and wanted to step into the water for a swim, what do you do with your valuables? You can tuck them in your shoes, or ask the sketchy guy next to you to keep an eye on them, but would anyone really keep checking over their shoulder every few seconds to keep an eye on your stuff? Fortunately, there’s now the Aqua Vault product. Rob, Jonathan, and Avin are the inventors of the Aqua Vault, and are seeking a $75,000 investment in exchange for 12% in their company.
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