Caddy Swag Shark Tank Net Worth 2023

Caddy Swag appeared on Shark Tank seeking an investment of $60,000 for a 20% stake in the business. The Sharks implied that the business was worth at least $300,000.

However, they did not invest in the product. Despite this, Caddy Swag has been featured on various shows and podcasts after its appearance on Shark Tank TV.

The popularity of Caddy Swag skyrocketed after its appearance on Shark Tank and it generated enough revenue from the Par Six cooler to keep afloat and grow even though the Sharks didn’t invest in the product.

What is Caddy Swag? Who is the founder of Caddy Swag?

Caddy Swag is a company that offers a cooler bag specifically designed to fit inside a golf bag, capable of keeping 4-6 cans of beer chilled, depending on their size. It can also keep other items such as bottled drinks, sandwiches, and snacks cool.

The company also sells re-freezable ice packs and tailgating kits, promising to keep refreshments cold until the 18th hole.

The founder and CEO of Caddy Swag LLC is Benjamin Fossey, who established the company in 2006 while working as an account executive in freight and logistics.

Benjamin graduated from East Carolina University with a degree in Communications and Media Studies. According to his LinkedIn page, he has been running the business full-time since 2017.

The idea for the product was conceived during a hot tub session among friends who were looking for a way to keep their drinks cool on the golf course without having to wait for the drinks cart or pay expensive course fees.

Within a year, they were able to bring their concept to market and sold out their initial batch of 2,000 units in under 60 days.

Caddy Swag Shark Tank Pitch

Melissa and Ben Fossey decided to seek assistance from Shark Tank investors to produce and distribute their product, the Caddy Swag, which would elevate its marketing to a new level.

In their pitch, Melissa and Ben requested $60,000 for a 20% ownership in their company, which had a $300,000 value. They arrived at the presentation in a modified golf cart, with blaring music and a fun-loving attitude.

Melissa Fossey described two types of golfers: those who take the game seriously and work hard to improve their skills, and those who play for social reasons, whom she referred to as Caddy Swag golfers.

Ben introduced the Par Six cooler, a compact device that fits inside a golf bag and keeps beverages cold for an entire 18-hole round with its gel frozen packs.

The Fosseys showcased their Shark Tank-themed coolers and revealed they had sold $15,000 worth of merchandise each year by word of mouth.

Daymond John immediately opted out, stating that he was not a golf enthusiast. Robert Herjavec, a golfer, did not believe that courses allowed players to bring their own beverages.

Kevin Harrington inquired about their spending plans, and Ben disclosed that they intended to purchase 10,000 devices at a cost of $3 each and use the remaining funds for marketing to increase brand recognition.

Kevin Harrington did not believe the offering was strong enough and also opted out. Robert Herjavec did not see enough value in the product to sell and exited as well.

Barbara Corcoran took a different stance and saw potential in the product but felt that the company was too small to invest in, so she also opted out. Kevin O’Leary was skeptical about the product’s profitability and was the last shark to opt out.

Ben Fossey left the pitch without a deal and took back the Shark Tank promotional coolers before exiting the stage in a surprising twist.

Despite the sharks’ skepticism, the product made numerous appearances on talk shows and is still available for purchase online.

Although the Par Six cooler did not succeed with the Sharks, it generated enough revenue to keep Caddy Swag growing and thriving.

Caddy Swag has established a niche in the golf sector by manufacturing bespoke cooler bags for businesses, promotional events, and even special occasions like weddings. In addition, they sell their products on Amazon.

As of November 2021, the company is still operating and has an annual revenue of between $900,000 and $1 million.

Summary Table: Caddy Swag Shark Tank

PARAMETER	INFORMATION
What is Caddy Swag?	Caddy Swag is a company that offers a cooler bag specifically designed to fit inside a golf bag. It can keep 4-6 cans of beer chilled, depending on their size. The company also sells re-freezable ice packs and tailgating kits, promising to keep refreshments cold until the 18th hole.
Founder and CEO	Benjamin Fossey
Year Established	2006
Shark Tank Pitch	Melissa and Ben Fossey requested $60,000 for a 20% ownership in their company, which had a $300,000 value. However, none of the Sharks invested in the product.
Competitors	CoolerPlugz and Kool Pops
Net Worth	As of 2021, the net worth of Caddy Swag is $1 million.
Updates	Caddy Swag continues to be marketed online and is a successful business that focuses on creating custom cooler bags for companies, celebrities, and other promotional events.

Who are the Competitors of Caddy Swag?

There are multiple companies that make ice packs for places like picnic baskets and coolers, Caddy Swag to achieve a competitive edge over their current competitors. Among their closest competitors are: CoolerPlugz and Kool Pops

Net Worth of Caddy Swag

The company was valued at $300,000 during the pitch, in 2021 the company has a net worth of $1 million.

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Caddy Swag Updates

Caddy Swag is a company that manufactures and markets the Par-6, a golf bag cooler that fits inside the shoe compartment of a golf bag and can keep six beverage cans cold for 18 holes of golf.

The company appeared on Shark Tank in April 2011, where entrepreneurs and golf enthusiasts Ben and Melissa Fossey made their pitch to the Sharks for Caddy Swag. The Sharks gave the pitch a cool response, and no deals were offered.

However, the product appeared on several talk shows and is still available for sale online.

Despite not receiving a deal from the Sharks, Caddy Swag has experienced tremendous growth and success. The company continues to be marketed online and is a successful business that focuses on creating custom cooler bags for companies, celebrities, and other promotional events.

Caddy Swag has also expanded into the promotional business, creating custom cooler bags for companies, promotional events, and even celebrations like weddings.

As of 2023, Caddy Swag has a net worth of around 1 million USD. The company is still in business, and customers can order products from their website for immediate shipping.

Caddy Swag has also been involved in charity events, such as the Patch Adams Golf Cart Drive For Life, where a group called Caddy Swag drove golf carts from Chicago to Minneapolis to raise money for charity.

In conclusion, Caddy Swag is a successful business that manufactures and markets golf bag coolers. Despite not receiving a deal from the Sharks on Shark Tank, the company has experienced tremendous growth and success and continues to be marketed online.

Caddy Swag has also expanded into the promotional business and has been involved in charity events.

Caddy Swag FAQs

What Is Caddy Swag?

Caddy Swag is a company that offers a cooler bag that fits inside a golf bag and can keep up to 4-6 cans of beer cold, depending on size. It also keeps bottled beverages, sandwiches, and snacks cool. The company was founded in 2006 by Benjamin Fossey, who still runs the company today.

During its initial stage, 2000 units of the product were sold in just 60 days. Caddy Swag has its head office in North California, USA.

Caddy Swag is not limited to golf only. The company also offers tailgating kits and ice packs. The company guarantees that the drinks will stay cold until the 18th hole. Caddy Swag is a niche product, but it has found its space in big events, marriages, and special areas.

The company has also entered the promotional business, creating custom cooler bags for companies, promotional events, and even celebrations like weddings.

Caddy Swag appeared on Shark Tank in episode 205, where the founders presented their idea for a golf-bag cooler. The product was not able to impress the sharks on the show, but it has sold enough units to keep Caddy Swag alive and become a booming business.

The company has also been involved in charity events, such as the Patch Adams Golf Cart Drive For Life.

How Does Caddy Swag Works?

Caddy Swag is a golf bag cooler that can hold up to six beers and keep them cool for 18 holes of golf. It was founded in 2006 by Ben and Melissa Fossey, who came up with the idea while sitting in a hot tub with friends before a golf match.

The cooler fits inside the shoe compartment of a golf bag and can also keep small eatables and beverages cool. Caddy Swag also offers tailgating kits and ice packs.

Caddy Swag was not able to impress the sharks on Shark Tank, but it has become a successful business that focuses on creating custom cooler bags for companies, celebrities, and other promotional events. Caddy Swag also has a radio show that features golf tips and interviews with golf professionals.

The company offers custom logo embroidery for corporate logos, fundraisers, bachelor and wedding parties. Caddy Swag’s website also offers healthy food options for children to pack in their golf bags.

In conclusion, Caddy Swag is a niche product that is limited to golf only. It was founded by Ben and Melissa Fossey, who came up with the idea while sitting in a hot tub with friends before a golf match. Caddy Swag is a golf bag cooler that can hold up to six beers and keep them cool for 18 holes of golf.

The company also offers tailgating kits, ice packs, and custom cooler bags for companies, celebrities, and other promotional events. Caddy Swag’s website also offers healthy food options for children to pack in their golf bags.

What Happened To Caddy Swag After Shark Tank?

Caddy Swag is a company that offers a cooler bag that fits inside a golf bag and can keep up to 4-6 cans of beer cold, depending on size. It also keeps bottled beverages, sandwiches, and snacks cool.

Caddy Swag appeared on Shark Tank in season 5, episode 6, in search of an investment of $60,000 for 20% equity in exchange for a valuation of $300,000. However, no deal was made on the show, and the pitch was closed.

Despite not getting a deal on Shark Tank, Caddy Swag continued to operate and is still available for purchase online. The product was featured on several talk shows after Shark Tank. Since appearing on Shark Tank, Caddy Swag has experienced tremendous growth and success.

They have secured additional funding and partnerships, leading to an estimated net worth of 1 million USD as of 2023. The founders of Caddy Swag, Ben and Melissa Fosse, have a net worth of 800,000 USD as of 2023.

In conclusion, Caddy Swag is still in business today and has experienced growth and success since appearing on Shark Tank. Despite not getting a deal on the show, the company continued to operate and is still available for purchase online.

 

What Is The Current Valuation Of Caddy Swag?

Caddy Swag is a company that manufactures and markets the Par-6, a golf bag cooler that fits inside the shoe compartment of a golf bag and can keep six beverage cans cold for 18 holes of golf.

The company appeared on Shark Tank in April 2011, seeking an investment of $60,000 for a 20% stake in the business, which would have valued the company at $300,000. The Sharks implied that the business was worth at least $300,000.

Since appearing on Shark Tank, Caddy Swag has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $1 million USD as of 2023.

Caddy Swag’s founders, Ben and Melissa Fosse, have a net worth of $800,000 USD as of 2023. The company continues to operate today and has developed a keen business in the golf industry, marketing their products as promotional items.

Caddy Swag’s products start at $9.99, which includes branded re-freezable ice packs and tailgating kits. The company guarantees that the drinks will stay cold until the 18th hole.

Is Caddy Swag Still In Business?

Yes, Caddy Swag is still in business. Caddy Swag is a company that offers a cooler bag that fits inside a golf bag and can keep up to 4-6 cans of beer cold, depending on size. They also sell branded re-freezable ice packs and tailgating kits.

Caddy Swag was founded by Benjamin Fossey in 2006 and is headquartered in Minneapolis, Minnesota. During its initial stage, 2000 units of it were sold in just 60 days.

Caddy Swag appeared on Shark Tank in April 2011 but did not secure a deal with any of the investors. However, the company has experienced tremendous growth and success since appearing on the show.

They have secured additional funding and partnerships, leading to an estimated net worth of $1 million as of 2023. Caddy Swag products are only available directly through their website, and customers can order products for immediate shipping or customized cooler bags with unique sayings or captions.

In conclusion, Caddy Swag is still in business and has been doing great in the market, especially among golfers. The company offers a unique product that keeps beverages cool until the 18th hole, and they have expanded their product line to include branded re-freezable ice packs and tailgating kits.

Despite not securing a deal on Shark Tank, Caddy Swag has continued to grow and succeed, with an estimated net worth of $1 million as of 2023.

What is Caddy Swag?

Caddy Swag is an ice pack and cooler bag for people who are golf fanatics. They also market their products as promotional items and have developed a keen business in the golf industry.

Who are the founders?

Benjamin Fossey is the founder and CEO of Caddy Swag LLC, which he established in 2006.

Where is Caddy Swag located?

Caddy Swag is headquartered in North Carolina, USA.

How much were they asking on Shark Tank?

The Fosseys were looking to raise $60,000 for a 20% stake in the company.

How much did they get on Shark Tank?

The Fosseys failed to secure any funds on the show and were forced to depart the stage with their promotional cooler bags.

Is Caddy Swag still in business?

Caddy Swag continues to operate today. The pair has conducted growth projections based on their sales records over the past year and have forecast sales of between $900,000 and $1 million.

What is Caddy Swag’s slogan?

Caddy Swag has no official slogan. However, they have created an excellent marketing campaign that is aimed just at their intended audience.

They market themselves as: “Golfers who golf.” It is very appropriate given that they sell cooler packs primarily to golfers and customers who enjoy the golf experience.

How do I pay for Caddy Swag?

Caddy Swag takes payments directly. They accept payment via credit card, debit card and PayPal.

Is Caddy Swag good or bad?

Since Caddy Swag sells ice packs, they are clearly selling a product that helps golfers in the pursuit of their hobby. The quality of the product is fine and should help golfers chill out during a round.

However, since the basis of their business comes from promotional items, it was obviously not a sure bet for investors.

How much do they cost?

Caddy Swag’s products start at $9.99, which includes one cooler pack and a $3 shipping fee.

How is the business model of Caddy Swag?

Caddy Swag sells the goods they manufacture directly to consumers or via on-line retailers. The product is available in a wide range of colors and themes.

The company is based in North Carolina, United States. However, they have developed a keen business in the golf industry and have sold promotional items worldwide since 2008.

Can I use Caddy Swag on my cooler?

Caddy Swag offers promotional ice packs for specific types of coolers including golf bags, picnic baskets and wine carriers.

What is the net worth of Benjamin Fossey?

Benjamin Fossey net worth is unknown.