Shark Tank, the hit ABC reality show, has introduced viewers to countless innovative products and ambitious entrepreneurs over the years. One such product that caught the sharks’ attention in Season 12 was Tandem Boogie, a unique inflatable bodyboard designed for two people. The Clark family’s pitch impressed the sharks, leading to a successful deal. In this blog post, we’ll dive into the Tandem Boogie Shark Tank journey, explore their business growth, and discover where they are now.
The Tandem Boogie Pitch and Deal at Shark Tank
In Season 12 of Shark Tank, John Clark and his family presented their innovative creation, Tandem Boogie, to the sharks. They sought an investment of $100,000 in exchange for a 10% stake in their company. The Clarks demonstrated the fun and functionality of their two-person boogie board, which can be easily inflated and deflated for convenient storage and transport.
The sharks were intrigued by the product’s potential, and after some negotiation, Robert Herjavec and Daniel Lubetzky joined forces to offer $100,000 for a 35% equity stake in Tandem Boogie. The Clark family accepted the deal, marking the beginning of an exciting partnership.
Is Tandem Boogie Still in Business?
Since their appearance on Shark Tank, Tandem Boogie has undergone a rebranding and is now known as TANDM Surf. The company has not only continued to thrive but has also expanded its product line. In addition to their signature two-person boogie boards, TANDM Surf now offers surfboards, paddleboards, flippers, and a range of apparel and accessories.
TANDM Surf has made its products more accessible to customers by offering rental options. Customers can rent boards in person in Orange County, California, or have them shipped directly to their location. This flexibility has allowed more people to experience the joy of tandem boogie boarding without the need for a permanent purchase.
What Was Tandem Boogie’s Net Worth?
At the time of their Shark Tank appearance, Tandem Boogie had only been in business for two months but had already generated impressive sales of $43,000. The cost of manufacturing each board was $150, and they retailed for $459, indicating a healthy profit margin.
While the exact current net worth of TANDM Surf is not publicly disclosed, the company’s growth and expansion suggest that its valuation has likely increased since its Shark Tank debut. With the continued support of their shark partners and a strong market demand for their products, TANDM Surf seems poised for further success.
Impact of the Shark Tank Appearance on Tandem Boogie
The exposure gained from appearing on Shark Tank has had a significant impact on Tandem Boogie’s growth and brand recognition. The show not only provided them with a platform to showcase their product to millions of viewers but also gave them access to the expertise and resources of their shark partners.
Since the episode aired, TANDM Surf has leveraged its Shark Tank success to expand its reach. The company has increased its online presence, making its products available through its website and partnering with retailers like Surf Style. They have also collaborated with organizations such as Epic Summer Surf and Beach Camp and Indo Jax, a non-profit that introduces surfing to youth with special needs.
Robert Herjavec and Daniel Lubetzky have continued to be actively involved in promoting TANDM Surf on their social media platforms, further amplifying the brand’s visibility and credibility.
Business Overview
TANDM Surf’s primary focus remains on providing high-quality, inflatable water sports equipment that brings people together for shared fun and adventure. Their signature product, the Tandem Boogie Board, allows two people to ride the waves together, creating a unique bonding experience.
Looking ahead, TANDM Surf has exciting plans for product expansion. They are set to release a Tandem Surfboard and a two-person stand-up paddleboard and Kayak in the summer of 2022. These additions to their product line demonstrate the company’s commitment to innovation and growth.
Conclusion
The Tandem Boogie Shark Tank update is a testament to the power of entrepreneurship, innovation, and the impact of a successful Shark Tank appearance. From a small family business with a creative idea to a thriving company with an expanding product line, TANDM Surf has come a long way since its pitch to the sharks.
With the continued support of Robert Herjavec, and Daniel Lubetzky, and a growing customer base, TANDM Surf is well-positioned to make waves in the water sports industry. As they continue to innovate and bring people together through their products, we can expect to see more exciting developments from this Shark Tank success story in the future.
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