Terrini’s Bikinis

Terrena Huisman, a student from Halifax, Nova Scotia, asked for $50,000 for 20% of Terrini's Bikinis, a business making custom rhinestone-embellished competition suits for bikini and figure competitors. Suits are hand-made from her home to client measurements, priced from $150 to over $1,000, with an average sale price of $300 and a 56% gross margin. In her first year she generated $14,000 in sales from about 45 suits, after an initial $5,000 investment from student loans, and the business is debt-free and cash flow positive. She estimated the Canadian market at roughly 15,000 repeat competitors per year, with potential to triple or quadruple given competitors often need multiple suits per year.

Joe Mimran and Manjit Minhas both went out, saying the market was too small for their interest despite liking the business. Jim Treliving went out citing the difficulty of the e-commerce market. Michael Wekerle offered $50,000 for a 10% royalty until his investment was repaid, then a 5% royalty for five years, which Terrena Huisman accepted.

We haven’t confirmed whether Terrini’s Bikinis is still operating.