Getaway House Shark Tank Net Worth 2023
At the Shark Tank, the owners of Getaway Campgrounds valued the business at $10 million. This company introduced campgrounds in 2022 with amenities like functioning toilets and showers, covered cooking areas, firepits, and Adirondack chairs.
People can either bring their own tents or rent one on-site. Currently, they have 29 locations spread across Catskills, NY, and Moss, TN with 8 new ones added in January 2023.
Since its launch, Getaway Campgrounds has a total annual revenue of $41 million.
What is Getaway House?
Getaway House is a service that provides rental cottages situated in the woods that have little or no mobile phone or internet coverage. The purpose of this product is to encourage individuals who feel overwhelmed or stressed in their daily lives to take a break and rejuvenate themselves.
The founders of Getaway House are John Staff and Pete Davis, who became friends during their time at Harvard in 2015. John Staff started his career as an intern at the White House for a period of four months before embarking on several internships and eventually founding his own business, Spun Frozen Yogurt. He is now the CEO and creator of Getaway House Inc.
On the other hand, Pete Davis has almost a decade of experience in entrepreneurship. He founded his first business in 2008, which lasted for four years.
He is currently a co-founder of the Democracy Policy Network, which coordinates policy assistance for the rising movement of pioneering lawmakers working to strengthen democracy in America.
The duo began their business with three tiny homes, each exquisitely designed, custom-made, and ranging from 160-200 square feet, on wheels. These homes are located in the greater Boston region, with a second site in New York that they recently expanded to.
The Getaway homes are situated within a two-hour drive from downtown in each city, with the location being kept secret until just before each booking to eliminate stress associated with vacation planning.
The remote and forested locations of the Getaway homes allow tourists to escape the strains of contemporary life, making them the perfect location for a weekend getaway.
Each tiny cottage is equipped with minimal essentials and is fully stocked with food for the duration of your stay. The cost of each booking ranges from $99 to $129, depending on the number of nights reserved.
What happen to Getaway House at the Shark Tank Pitch?
During Shark Tank season 8 episode 14, Pete and Jon pitched their business seeking $500,000 for a 5% stake, which valued their firm at $10 million. They planned to expand their business, Getaways, nationwide and offered tiny houses for rent on leased property.
Although several tiny houses were located on the same land, guests could enjoy their privacy, and a caretaker was available in case of an emergency. Each tiny house cost $30,000 to build, and the return on investment took about 18 months, which decreased as occupancy increased.
The Sharks were interested in their business but questioned their 100% occupancy rate, pointing out that they only had ten properties. They also learned that the entrepreneurs had secured $1.2 million funding at a valuation of $7 million previously and were now seeking a $12 million valuation for their current round of fundraising.
The revenue projection for the following year was estimated to be over $2.1 million, with a 60% profit on pre-cash flow.
When asked about their five-year plan, Jon and Pete expressed their goal to expand to thirty cities, but the Sharks were concerned about the cost of running a city, especially with harsh weather conditions that could accelerate the depreciation of their assets.
The entrepreneurs explained that they depreciate their assets over ten years, but Kevin suggested seven years would be more appropriate.
After some negotiation, Kevin offered a $500,000 loan at an 11% interest rate over three years in exchange for a 5% equity stake. Barbara, Mark, and Lori exited the deal, and Chris offered $500,000 at the previous $7 million valuation for a 7% stake. However, the entrepreneurs declined both offers and left without a deal.
Getaway House after the Shark Tank Pitch
After the show was broadcasted, there was a significant surge in website traffic and bookings for the business. Currently, they operate 80 cabins across New York, Boston, and Washington D.C. in less than a year since the launch of their business.
Although they plan to expand to 30 cities by 2022, the owners are not in a rush to grow their business eightfold in two years. In June 2019, they secured $22.5 million in venture funding to expand their business.
Despite the challenges posed by the Covid-19 pandemic, the company’s sales increased by 150% as people sought safe retreats. As of May 2021, they have raised an additional $47.5 million in venture capital, bringing their total financing to $81 million.
They are currently located in 17 metropolitan regions and have an annual sales revenue of $30 million. Jon, one of the owners, believes that the company will eventually be worth a billion dollars.
Getaway House Net Worth
At the Shark Tank the owners valued the business at $10 million.
Getaway House Competitors
Valley Transportation, VIP Car, New Zealand Trails, and Het Jachthuis are among Getaway’s primary rivals.
Getaway House Shark Tank Updates
Getaway House is a company that offers tiny house cabin rentals in natural landscapes for city-dwellers. The company was founded in 2015 by Jon Staff and Pete Davis, two Harvard students. In 2017, they appeared on Shark Tank seeking $500,000 for 5% of their business2.
After the show aired, their web traffic spiked and they expanded to 80 cabins in New York, Boston, and Washington DC. As of May 2021, they had raised $81 million in venture funding and were in 17 metropolitan areas with annual revenues of $30 million.
In 2022, Getaway House introduced getaway campgrounds. As of January 2023, they have added 8 new locations, bringing the total to 29, and their annual revenue is $41 million. Shark Tank Success reports that Getaway House is still in business and doing well.
There is no recent news about Getaway House appearing on Shark Tank again or receiving any new investments from the Sharks. However, the company has continued to grow and expand since their appearance on the show, indicating that they have been successful in their business endeavors.
Getaway House Shark Tank Table Summary:
| ASPECT | INFORMATION |
| Company Name | Getaway House |
| Founders | John Staff and Pete Davis |
| Launch Year | 2015 |
| Valuation at Shark Tank | $10 million |
| Locations | 17 metropolitan regions in the US |
| Revenue in 2022 | $41 million |
| Investment sought | $500,000 for a 5% stake |
| Return on investment | 18 months |
| Investment offer at Shark Tank | $500,000 loan at an 11% interest rate over 3 years for a 5% equity stake |
| Venture funding in June 2019 | $22.5 million |
| Total financing as of May 2021 | $81 million |
| Annual sales revenue as of May 2021 | $30 million |
| Current number of locations | 80 cabins |
| Primary Competitors | Valley Transportation, VIP Car, New Zealand Trails, and Het Jachthuis |
Getaway House FAQS
What Is Getaway House Shark Tank?
Getaway House is a company that rents tiny houses for vacations in secret locations. The company was founded in 2015 by two Harvard students, Pete Davis and Jon Staff. The tiny houses are custom designed, elegant, and range from 160-200 square feet on wheels.
The locations of the tiny houses are kept secret from consumers until shortly before the booking. The company’s goal is to offer vacation rentals with a true ‘glamping’ flair, but with a tiny house instead of an RV.
In 2017, Pete and Jon appeared on Shark Tank seeking $500,000 for 5% of their business. They described their business and told the Sharks they wanted to be nationwide.
After the show aired, Getaway’s web traffic spiked, and in a year since the air date, they had 80 cabins in New York, Boston, and Washington DC. As of January 2023, they have added eight new locations, bringing the total to 29, and their annual revenue is $41 million.
Getaway House is specifically meant for people who want to disconnect from the busy city life they are leading and head into a peaceful excursion with their loved ones.
The company offers escapes to tiny cabins nestled in nature, with warm showers, AC, full kitchen, fire pits, and more. They also donate to One Tree Planted each time a customer books a Getaway.
How Does Getaway House Shark Tank Works?
Getaway is a company that rents tiny houses for vacations in secret locations. The company was founded by Pete Davis and Jon Staff, who appeared on Shark Tank seeking $500,000 for 5% of their business.
The Sharks were intrigued by the concept of tiny house vacation rentals, but ultimately, Getaway walked away without a deal. However, after the show aired, Getaway’s web traffic spiked, and the company experienced an uptick in reservations.
As of January 2023, Getaway has 29 locations and annual revenue of $41 million.
Getaway’s tiny houses are located within two hours’ drive of major cities like Boston and New York City. Each home comes with s’mores supplies, board games, heating, and air conditioning.
The goal of Getaway is to offer vacation rentals with a true “glamping” flair, but with a tiny house instead of an RV. The houses paid for themselves after 18 months, making the concept sound and intriguing to some of the Sharks.
Despite not receiving a deal on Shark Tank, Getaway has continued to grow and expand its business. The company has raised $17 million in funding and has added eight new locations since January 2022. Getaway also offers multi-night bundles to save customers money on their vacation rentals.
The company’s website states that it donates to One Tree Planted each time a customer books a Getaway.
What Happened To Getaway House Shark Tank ?
PERPLEXITGetaway House is a company that offers tiny house cabin rentals in natural landscapes for city-dwellers.
The company was founded in 2015 by Jon Staff and Pete Davis. In 2017, they appeared on Shark Tank seeking $500,000 for 5% of their business to expand nationwide. However, they left without a deal.
Despite not securing a deal, Getaway House experienced a significant surge in website traffic and bookings after the show aired. As of January 2023, they operate 80 cabins across New York, Boston, and Washington D.C.
They have also expanded their business to include campgrounds with amenities like functioning toilets and showers, covered cooking areas, firepits, and Adirondack chairs.
In summary, Getaway House did not secure a deal on Shark Tank, but they have continued to grow their business and expand their offerings.
They currently operate 80 cabins in three cities and have expanded to include campgrounds with amenities.
What Is The Current Valuation Of Getaway House Shark Tank?
There are conflicting valuations for Getaway House Shark Tank. One source, BizNews, states that during their Shark Tank pitch, the owners of Getaway Campgrounds valued the business at $10 million.
During their current round of funding, Getaway House is looking at a $12 million valuation. It is unclear which valuation is more current or accurate.
However, both sources provide additional information about the success of Getaway House since their Shark Tank appearance. As of January 2023, Getaway House has added 8 new locations, bringing the total to 29, and has an annual revenue of $41 million.
BizNews reports that Getaway House introduced campgrounds in 2022 with amenities like functioning toilets and showers, covered cooking areas, firepits, and Adirondack chairs.
Overall, while the exact current valuation of Getaway House Shark Tank is unclear, it is evident that the business has experienced significant growth and success since their appearance on the show.
What is Getaway House?
Getaway provides the experience of living in a little cottage in the woods as a means to escape the stresses of contemporary life.
Cabins are constructed entirely of wood, glass, and some metal, but without the use of plastics or composites.
The organization recommends that guests disconnect from all forms of technology in order to unwind.
Who are the founders of Getaway House?
Jon Staff and Pete Davis.
How much was they seeking in the Shark Tank?
They were seeking $500,000 for a 5% stake in their firm.
How much did they get from the Sharks?
The Sharks did not invest in their company; the entrepreneurs did not accept an offer from Sacca.
Where is getaway from shark tank now?
They currently have 80 cabins in New York, Boston, and Washington, DC, less than a year after the flight date.
Is getaway house safe?
In the absence of the virus, Getaway House takes extraordinary precautions to ensure the safety of all guests.
Unlike a regular hotel, they receive the name of their cabin and its associated password by text message 30 minutes before to check-in.
They’re ready to depart once they receive the SMS message.
Does getaway have Wi-Fi?
There is no Wi-Fi, and they are provided with a mobile phone lockbox (don’t worry, this is an optional feature) to aid them in their digital detox.
When was getaway founded?
Established in 2015.
How did getaway house get started?
John Staff and Pete Davis founded the firm. They met in 2015 at Harvard and have remained pals ever since.
John Staff began his career as a four-month intern at the White House.
He embarked on several internships before founding his own business, Spun Frozen Yogurt.
Where is getaway house Atlanta?
National Forest of the Chattahoochee.
What are the cabins like?
Their Getaway cabins are little (about 140-200 square feet) and have been meticulously developed by their staff to contain everything they want and nothing they do not.
They give culinary staples such as oil, salt, and pepper, as well as a small kitchen equipped with pots and pans, non-perishable goods such as pasta, snacks, and coffee for purchase, as well as fresh linens and towels, heat, and a hot shower.
Do getaway cabins have bathrooms?
There is a flushing toilet and a hot shower in the bathroom.
What mattress does Getaway use?
The 10-inch Zinus Memory Foam mattresses in the cabins provide a restful night’s sleep.
What about cooking?
Each cabin is equipped with basic kitchen supplies for their use throughout their stay.
Is there heat and air conditioning in the cabins?
Yes, their cottages are heated in the winter and air-conditioned throughout the summer.
What is the bathroom situation at the Outposts?
One of the finest features of Getaway is the easily accessible, clean bathroom amid the woods.
Each cabin includes a hot shower and a toilet.
They also provide them with biodegradable shampoo, conditioner, and body wash.
Can they bring cats?
Their cabins are dog-friendly, however they are unable to welcome feline guests in their Outposts at the moment.
Who does the cleaning of the bedsheets and the inside of the cabin?
Their field crew is responsible for all operations at their Outposts.
What is the net worth of John Staff?
His net worth is unavailable.
