Beard King Shark Tank Update | Beard King after the Shark Tank
What is Beard King?
Beard King provides grooming and maintenance products to help transform the typical person into a handsome and elegant gentleman.
The nice aspect is that one can do it according to barbershop standards.
Nicholas Galekovic is an entrepreneur, inventor, and business consultant who established the Beard King in 2014.
He likes to solving problem led him to start numerous successful businesses, including Beard King.
The main product is the beard bib grooming garment which transforms the user into a platypus and collects all beard trimmings, which one may then expel in the garbage and saving.
Who is the Founder of Beard King?
Beard King was founded by Nicholas Galekovic in 2014, he is an entrepreneur, inventor, and business consultant whose enthusiasm for problem solving.
He has established multiple successful businesses, including Beard King, as a flagship product is the beard bib grooming garment.
The headquarters of the company is in Deerfield Brach in Florida.
It transforms the wearer into something akin to a platypus and collects all beard trimmings, which one can then eject in the trash to avoid a reprimand from an envious spouse or girlfriend about hair in the sink.
For some time now, Nicholas Galekovic has been growing facial hair.
What Happened to Beard King at Shark Tank?
Nicholas and Alessia Galekovic are hoping to groom a Shark into a new business partner when they pitch Beard King, a bib that collects beard trimmings.
Nicholas and Alessia are seeking $100,000 in exchange for 20% equity in their firm.
Nonetheless, he describes the company’s development, stating that they had generated $140,000 in sales in the first eight months and did $80,000 in a month.
The cost to make the kit is $7 and sells for $29, implying that they require capital to scale production.
During the event Mark Cuban, Robert Herjavec, Kevin O’ Leary and Sacca the guest exit from the deal.
Lori Greiner makes her offer of $100,000 for 51% ownership of the company. But Nicholas counter offer $100,000 for 45% equity shares.
Finally after long conversation with the sharks the Beard King close deal with Lori Greiner but they never done any transaction.
What Happened to Beard King after the Shark Tank?
Following the episode’s airing on the Shark Tank show, the company’s business grew dramatically.
Their business earned $700,000 in 2016 and is on target to generate $1.7 million in 2017.
As a result, they terminated the arrangement with Lori Greiner following the phenomenal sales.
Their marketing efforts and the influence of Shark Tank contribute significantly to their business’s earnings.
Beard King is proof that internet marketing works when items and services are sold via social media, video, and blogs.
They have a powerful website that is hosted well to assure the success of their sales process.
In 2021, the firm is still operating and is now offering beard oil, wash, and other beard-related products, with a net worth of $1.7 million.
Net worth of Beard King
In 2021, the estimated net worth of Beard King is $1.7 million.
Beard King FAQs
What is Beard King?
Beard King is a grooming and maintenance product that helps men achieves the perfect shaving look.
The company offer high-quality products including beard oil, trimmer, blades, brushes, etc. for all type of beard. It also offer non-surgical, no recovery time solution for hair transplant.
Beard King is a private company owned by Nicholas Galekovic.
Where is Headquarter?
Headquarter is in the US in Florida.
What was their offer on Shark Tank?
They offer $100,000 for 20% of the company.
Did they get an offer?
Yes, they did but they rejected it after making good sales after the Shark Tank show.
What was the offer?
Ultimately, the Beard King was sold for $100,000 for 45% equity shares.
Who invested on Shark Tank?
Lori Greiner offered $100,000 for 45% share of the company, but they never transact.
How much is the net worth?
Their net worth is $1.7 million in 2021.
Is still in business?
Yes, they are still in business and they are offering beard oil, wash, and other beard-related products at present with a net worth of $1.7 million in 2021.
How much they saved after Shark Tank?
After the episode aired on the Shark Tank show, their business grew dramatically. Their business earned $700,000 in 2016 and is on target to generate $1.7 million in 2017.
As a result, they terminated the arrangement with Lori Greiner following the phenomenal sales services.
How to get Beard King today?
Buy it from official website or any other trusted sources like amazon, eBay, etc. Check current deals and promotions at here.
Is Beard a private or a public company?
It’s a private company.
How do they grow their business?
The company has been sold from 20% to 45% share after the Shark Tank show.
It is a good strategy that can help grow the business because people now trust this product and it will be easy for them to sell their products to consumers around the world.
Why the name “Beard King”?
The name “Beard King” is because they want customer who have a beard to be always well maintained and groomed.
What does Beard King Manufacturer do to grow the sales?
The company is now working with thousands of retail customers around the world (United States, Canada, Europe, and Asia).
Beard King Review for men who want to buy beard oil online
Buy today from official website. To check current deals and promotions at BeardKing.com. Find out how to save money on the product& Here.
How Beard King works?
Buy beard oil online. It takes a few minutes to set up the process. Pay with a debit card for delivery.
What is Beard King Company offer?
The Beard King Company will become your personal assistant. He will take care of your beard so you don’t have to do it by yourself, and also help you with any fashion, fashion clothing or other fashion things you need.
Does Beard King work?
Provide best beard oil reviews from customers who have used this product from official website to find out how it work and check for more facts about it.
Is it safe?
The Beard King Company is now working with thousands of retail customers around the world It provides safety by using best practices for business. You can be 100% sure that everything will be done safely.
How they make money?
The company doesn’t charge a monthly subscription fee. However, you will have to pay for shipping and handling when you order beard oil online from their official website.
Is it safe to buy beard oil online?
Yes, safe because it is available for buying from official website where you can read all positive and negative reviews about Beard King Products.
Also find many customer reviews of the product on site.
What is their strategy?
The company is using social media and the internet to increase the number of customers. The use it for marketing purposes so they can get more people to their site.
How Beard King Company get customers?
The Beard King Company will get thousands of customers who buy different products from them to grow their business.
Nowadays, the internet is used for marketing purposes so they can get more people to their site because there are many online shops and companies selling the same product and items.
What are their strengths?
The company can be able to sell their products at an affordable price. They also have high-quality products for every customer, so every customer will be happy when they buy product from this company.
What are their weaknesses?
Some people don’t like to buy something online because they worry about the quality of the product they receive.
The company is working on improving its online presence in order to reduce the risk of consumers in buying products online service.