Nail Pak Net Worth 2021

During the 2012 Shark Tank, Barbara Lampugnale pitched her Nail Pak to Lori Greiner. The product is a three-in-one system that includes nail polish, pre-soaked nail polish remover pads and a circular file. It looks like a regular nail polish bottle, but the container unscrews to expose the file and remover pads.

Barbara Lampugnale is a mother of six girls who founded her own company, Duality Cosmetics, to produce the Nail Pak product. She holds an ironclad patent on the three-in-one nail paint and nail remover. Her company was self-financed, but she sought an investment to help grow the business. Lori Greiner helped her secure a contract with Ulta Beauty to sell Nail Pak at 500 stores. The deal expanded Nail Pak’s market and led to the Nail Pak’s sale on QVC.

The idea for the Nail Pak product came from Barbara’s daughters who were having problems removing their nail polish. They thought that a three-in-one item would be a million dollar idea. They were making use of nail paint while they were with their mothers, but they found it difficult to remove the nail polish.

Barbara Lampugnale was invited to appear on the first season of Shark Tank, but she was declined. The casting director deemed her idea unworthy. After she tried out again, she was able to make the Shark Tank Season 3 appearance. Barbara sold her Nail Pak product on QVC and made a $750,000 profit before the shark tank update. This success made her a strong candidate for Shark Tank Season 3.

After Shark Tank, Lori Greiner offered to invest in the Nail Pak business for $50,000. She would also invest another $50,000 in the business, if Barbara gave her a 40% stake. Then Lori would help Barbara with the company’s marketing and commercial enterprise. She would also guarantee that her product would sell on QVC.

The first Shark Tank appearance brought about the sale of Nail Pak, but after the shark tank update, the product stopped selling on Amazon. Nail Pak’s website is also down, so it is difficult to locate the product.

After Shark Tank, Nail Pak sold out of its inventory on QVC. The Nail Pak website also states that the company has ceased all operations, but it is unclear if that is the case. Nail Pak has sold over 10,000 bottles since its appearance on Shark Tank. However, Nail Pak’s net worth remains unknown.

Nail Pak sold well on QVC and Ulta Beauty. It sold a total of 10,000 bottles in the first four days after Shark Tank. It also sold out of its inventory on QVC and Ulta Beauty. The company’s name changed to Grace Nail. The website also prominently displays the “As Seen On Shark Tank” banner.

The Nail Pak product sold extremely well on QVC during its appearance on Shark Tank, but it is unclear how successful it has been since. It seems that the business has declined in recent years.