Pharmacist who quit her job has a $600,000 'Shark Tank' deal and could make $1 million this year

In 2015, Nina Farzin needed a unsocial assist: a merchandise to assistance her cleanable retired her baby's clogged nostrils.

She couldn't find one. So she took $22,000 from her savings, discontinue her full-time pharmacist occupation and founded Potomac, Maryland-based Oogiebear. On Friday's occurrence of ABC's "Shark Tank," Farzin told investors however acold she'd come: Since launching her booger-removal business, Oogiebear had made $15 cardinal successful revenue. Farzin said she was connected way to personally marque $1 cardinal annually.

Now, she has 2 caller concern partners and a "Shark Tank" deal: During the episode, Barbara Corcoran and Robert Herjavec gave Farzin a combined $600,000 for 10% of Oogiebear. The investors promised to springiness up fractional of that equity if the institution doesn't deed $400 cardinal successful income wrong 2 years.

Oogiebear was a blistery commodity for the Sharks: Mark Cuban, Lori Greiner and Kevin O'Leary besides wanted a involvement successful the company, which Farzin said was connected way to marque $5.4 cardinal annually.

"I really developed a full caller babe attraction [category]," Farzin said. "There was thing similar this connected the market. As a pharmacist, I knew better. Nothing addressed boogers, and it's the astir important happening due to the fact that it involves babies breathing better."

O'Leary offered Farzin $400,000 for 10% of Oogiebear. Grenier matched the connection and invited Cuban, who said helium wanted 12% equity successful the company, to join.

Then Corcoran jumped in, citing her erstwhile occurrence investing successful babe attraction products arsenic an advantage. She said she could assistance diversify Oogiebear's revenue: Farzin estimated that 76% of the company's income travel from Amazon, contempt its beingness successful retailers similar Nordstrom and Walmart.

Initially, Corcoran offered the aforesaid arsenic O'Leary did, adding her committedness to springiness backmost fractional the equity if the institution failed to scope its income benchmarks. Herjavec past joined the deal, proposing to divided the $400,000 concern magnitude evenly portion saying helium regretted joining Corcoran's erstwhile babe attraction investments.

Cuban, Greiner and O'Leary criticized the offer, with Cuban peculiarly arguing that helium could assistance Oogiebear turn its income without immoderate added conditions. But Farzin stayed focused connected Corcoran and Herjavec, asking them for a combined $600,000 instead.

Corcoran asked if Farzin would judge the other $200,000 arsenic a enactment of credit. "We person a cardinal dollars successful currency already," Farzin responded.

Ultimately, Corcoran and Herjavec accepted Farzin's counter-offer. Farzin said she negotiated with the duo due to the fact that she was a instrumentality of Corcoran's, and felt assured successful the pair's quality to bring Oogiebear to much customers. Even earlier taking the deal, the company's show had already surpassed her expectations, she said.

"I'm an accidental entrepreneur, [but] I person the bosom of an entrepreneur," Farzin said. "I wanted 50 different moms to truly similar this product. I ne'er imagined I would beryllium here."

Disclosure: CNBC owns the exclusive off-network cablegram rights to "Shark Tank."

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