Garage Door Lock

From Shark Tank Season 05 Episode 21

Garage Door Lock got an investment from Daymond John


Garage Door Lock

3 Reasons to Love Garage Door Lock

1. The Garage Door Lock protects your garage door from being broken into by thieves.

2. Most garage doors don't have secure locking mechanisms, making it the easiest way for burglars to enter your home.

3. It's an electronic locking system that works via a remote control you operate from your car.

View Similar Products at Amazon.com →

Advertisements:


Our Take

I'm a little surprised that Bryan got an offer for his product - and one that was somewhat respectable, to boot. Garage Door Lock seems like a useful, worthwhile product, but I do think he has a long way to go to make it a viable fixture in the marketplace.

Yes, it is a security system, and the price has to reflect that, but I think the price of the system is too high for most people. There's also the problem of it being a DIY product that can take several hours to install. Those both seem like big strikes against it.

I'd rather see it be licensed to a security company who could fold it into their existing services and pay Bryan a royalty. Maybe that will be the direction that Daymond goes with it - he did mention that he wanted to license it. 

So, after turning down Robert's offer to take 70% of the company (!), Bryan made a deal with Daymond for only 35% - still a high number, but obviously not as high as 70%.


The Entrepreneurs Behind Garage Door Lock

Bryan White

Bryan White


Garage Door Lock Got an Investment From:


More Products

From Shark Tank Season 05 Episode 21

There are 69 More Home Products

Click here to see them all...

There are 42 More Safety Products

Click here to see them all...

There are 58 More Electronics Products

Click here to see them all...


Shark Tank news, new products, episode recaps, and MORE!

Search For Shark Tank Products