Goga Goat Yoga Shark Tank Net Worth 2023
The company GOGA Goat Yoga’s valuation in January 2022 was 500,000 USD which was significantly higher than the 333,333 USD it was at during and after the pitch.
Even though the company is still in business as of January 2022, its net worth has increased due to its successful operations and sound business strategies.
The success of GOGA Goat Yoga has contributed greatly to its increase their value over time and can be attributed to the hard work of all stakeholders involved.
Goga Goat Yoga, founded by Rachael Phillips and Trey Kitchen, appeared on Shark Tank in March 2019. They were seeking an investment of $50,000 for 15% equity in their company. However, they did not receive a deal from the Sharks.
Since appearing on Shark Tank, Goga Goat Yoga has generated $250,000 in sales from their goat yoga classes. As of January 2022, the company’s net worth was estimated to be 500,000 USD – significantly higher than the 333,333 USD it was valued at during and after the pitch
What is Goga Goat Yoga? Who is the founder of Goga Goat Yoga?
Goga Goat Yoga is a company that provides a 45-minute Vinyasa Yoga class, but it does not follow the traditional format. If you have an interest in animals, yoga, or both, you’ll find the offerings from Goga Goat Yoga to be particularly enjoyable.
Their program consists of yoga sessions intermingled with snuggles and massages from Nigerian dwarf goats. Goat Yoga is an excellent way to add some variety to your typical yoga routine.
Trey Kitchen and Rachael Phillips, who both reside in Austin, Texas, founded Goga Goat Yoga. Prior to discovering their love for goat yoga, they pursued careers in different fields.
Rachael was a well-known marketer who had decided to focus on digital advertising and Internet marketing. Trey, on the other hand, was a businessman with a background in finance and economics.
The two are still co-founders of the company, with Rachael handling marketing and Trey managing finances.
Trey Kitchen and Rachael Phillips founded Goga Goat Yoga in Austin, Texas after realizing that there was a potential market of customers who shared their passion for goats and yoga. The idea for the business came to them after successfully raising donations for Hurricane Harvey relief in 2017, which allowed them to pursue the concept commercially.
Phillips, who knew Trey through his mother, Roxie Banker, a goat breeder, approached him with the idea. Goga Goat Yoga was established by the three of them, despite having different backgrounds, and it quickly became a sensation in Austin, known for its unconventional and unique offerings.
It’s worth noting that Phillips and Kitchen didn’t invent goat yoga. The practice originated in Oregon in 2016 and quickly gained popularity across the US. However, with Austin’s reputation for embracing the quirky, it was the perfect location to launch a new goat yoga business.
Each Goga class is centered around a particular charitable cause, with a portion of the fees going to support a local charity. The company also continues to donate a portion of its revenue to Texas disaster relief efforts on a monthly basis.
What Happened to Goga Goat Yoga at Shark Tank Pitch?
Trey Kitchen and Rachael Phillips pitched their business idea, Goga, in episode 1016 of Shark Tank. Goga offers yoga classes that involve newborn goats, and the duo was hoping to secure funding from a Shark to expand their business.
They were seeking a $50,000 investment in exchange for a 15% stake in their company, which was valued at $333,333. The Sharks were impressed with the adorable goats and amazed by the company’s earnings of $250,000.
However, the Sharks were not pleased with the fact that the yoga classes were outsourced, and Goga only provided the goats. Despite the couple’s plan to open a second studio that specialized in both goat and traditional yoga, Robert, Mark, Lori, Alli, and Kevin ultimately decided not to invest.
Robert even mentioned that his wife had difficulty starting her own studio. Mark and Lori were not interested in investing, and Alli felt that the couple lacked passion. Kevin also raised concerns about eating the goats.
In the end, Trey and Rachael were unable to secure a deal and exited the pitch without a Shark to assist them in expanding their herd and branded venues.
Competitors of Goga Goat Yoga
Goga Goat Yoga has similar companies like Waterloo Dressage Inc., Energize Yoga, Compu Save America Management, and Emler Properties, Inc.
Net Worth of Goga Goat Yoga
The company valuation was $333,333 during and after the pitch. Since then the company is still in business as of January 2022 and the company’s net worth might have been higher than that of the pitch.
Goga Goat Yoga Shark Tank Updates
Goga is a yoga class that is performed with the assistance of baby Nigerian dwarf goats. The goats provide extra weight resistance on some of the moves and spending time with them relieves stress, which is part of yoga.
Trey Kitchen and Rachael Phillips pitched Goga on Shark Tank in episode 1016. They asked for $50,000 for 15% equity in their company but did not receive an offer from the Sharks. Despite not securing a deal, Goga is still in business and continues to host occasional yoga classes.
As of January 2022, Goga Goat Yoga’s valuation was $500,000, which is significantly higher than the $333,333 it was at during and after the pitch. The company is still in business and has been successful due to its sound business strategies and the hard work of all stakeholders involved.
Goga Goat Yoga merges people who love goats and farmyard antics with the meditative and tranquil practice of yoga.
The practice has turned out to be an award-winning combination for many people. Goga Goat Yoga is located in the United States and has plans to open a second studio soon.
Summary Table: Goga Goat Yoga Shark Tank
| TOPIC | INFORMATION |
| Shark Tank pitch | Appeared in season 1, seeking $50,000 for a 10% stake, Valuation of $500,000 |
| Offer accepted on Shark Tank | $50,000 for a 40% stake, resulting in a valuation of $125,000 |
| The current estimated net worth of founders | Heath Hall $8 million, Brett Thompson $7.6 million |
| The current estimated net worth of Pork Barrel BBQ | Unclear |
| Products and services | Specializes in rubs, spices, sauces, low-carb snacks |
| Founders | Heath Hall and Brett Thompson, former Senate staffers |
| Company History | The idea came during a Senate meeting, was put on hold, and then revived |
| Sales after Shark Tank | Increased to $15 million over seven years |
| Company Expansion | Featured in update segments, opened restaurant, expanded to major retail establishments |
| Current sales | Annual sales of $4 million as of December 2021 |
| Availability | Products available in 5000 stores with another 3000 stores in the pipeline |
| Recent orders | Sam’s Club has placed orders worth $2 million |
Goga Goat Yoga FAQs
What Is Goga Goat Yoga Shark Tank?
Goga Goat Yoga Shark Tank is a business that offers yoga classes with baby Nigerian dwarf goats. The goats provide extra weight resistance on some of the moves and spending time with them relieves stress, which is part of yoga too.
The founders of Goga Goat Yoga, Trey Kitchen, and Rachael Phillips, appeared on Shark Tank in season 10, seeking an investment of $50,000 for 15% equity in their company. However, none of the sharks made an offer.
A single yoga class from Goga Goat Yoga costs about $25, and the company specifically hires yoga instructors to handle the classes, which are part of its expenses.
Private events are also available at a slightly higher cost, depending on the specific location and circumstances.
Rachael Phillips is responsible for marketing, branding, event planning/promotion, customer service, and public relations for Goga Goat Yoga. The business is also known as Yoga & Goga and is located in Austin, Texas.
How Does Goga Goat Yoga Shark Tank Work?
Goga Goat Yoga is a business that offers yoga classes with baby Nigerian dwarf goats. The goats provide extra weight resistance on some of the moves, and spending time with them is said to relieve stress.
The business was started by Trey Kitchen, Rachael Phillips, and Roxie Banker in the aftermath of Hurricane Harvey in 2017.
Rachael, an internet marketer, wanted to do something fun for her community while giving back to those who suffered Harvey’s devastation. She approached Trey, whose mother breeds goats, and the three of them created Goga.
In their Shark Tank pitch, Trey and Rachael sought $50,000 for 15% of their business. The Sharks were impressed by their $250,000 in revenue, but didn’t like that the yoga was outsourced – Goga only supplies the goats.
Despite this, Goga has been successful and is on the verge of opening its second studio where it will offer both goat and traditional yoga.
A single yoga class from Goga costs about $25, and the company specifically hires yoga instructors to handle the classes. Private events are also available at a slightly higher cost, depending on the specific location and circumstances.
What Happened To Goga Goat Yoga After Shark Tank?
GOGA Goat Yoga is a company that offers yoga classes with baby goats to keep you company. The company was founded by Rachael Phillips, Trey Kitchen, and Roxie Banker in the aftermath of Hurricane Harvey in 2017.
The company appeared on Shark Tank in episode 1016, seeking an investment of $50,000 for 15% equity. Although the sharks did not make an offer, they were interested in the company’s business model.
After Shark Tank, GOGA Goat Yoga continued to host occasional yoga classes and is still reported to be in business. As of June 2022, the company still has one studio and offers goat yoga twice a month on Saturdays.
Although the first studio did not succeed, the duo has not established another one, but they now offer regular yoga classes on Saturdays in addition to goat yoga.
The company’s valuation in January 2022 was $500,000, which was significantly higher than the $333,333 it was at during and after the pitch. The success of GOGA Goat Yoga can be attributed to the hard work of all stakeholders involved.
Is Goga Goat Yoga Shark Tank Still In Business?
Yes, Goga Goat Yoga Shark Tank is still in business as of April 2023. The company continues to host occasional yoga classes and has one studio where they do goat yoga twice a month on Saturdays.
Although the company was not able to secure a deal on Shark Tank, it is still reported to be in business. As of January 2022, the company’s valuation was $500,000 USD, which was significantly higher than the $333,333 USD it was at during and after the pitch.
The success of Goga Goat Yoga can be attributed to the hard work of all stakeholders involved and its sound business strategies.
What Is The Current Valuation Of Goga Goat Yoga After Shark Tank?
Goga Goat Yoga was valued at $333,333 during and after its pitch on Shark Tank. However, reports that the company’s valuation in January 2022 was $500,000, which is significantly higher than its valuation during and after the show.
The increase in valuation can be attributed to the company’s successful operations and sound business strategies. Although the company is still in business as of January 2022, there is no information available on its current valuation beyond what was reported.
Who is the founder?
Trey Kitchen and Rachael Phillips are the founders of Goga Goat Yoga in Austin, Texas. The pair discovered that there was a potential of meeting clientele who shared their passion for goats and yoga.
How much were they seeking on Shark Tank?
They were seeking $50,000 for a 15% stake in their company.
How much did they receive during the pitch?
They didn’t receive an investment.
Is Goga Goat Yoga still in business?
They still remain in business as of January 2022 with the help of their existing studio and will be opening a second one soon.
Where is Goga Goat Yoga located?
They are located in Austin, Texas.
What is the cost of Goga Goat Yoga in Austin?
Their private event fee is $40 per person, which includes a 45-minute yoga lesson with newborn goats. All private events held in-studio require a minimum of $600. This means that if the group is smaller than 15, the flat charge is $600. If there are more than 15 people, the cost is a mere $40 per person.
Do you ever get pooped on when doing Goga Goat Yoga?
Goats have little pellets and will occasionally defecate on their mat. It’s non-scary, and all they need to do is shake their mat. It does not occur frequently, but it does occur. They must keep in mind that these are not dogs or cats, but farm animals going about their business.
How does Goga Goat Yoga work?
Yoga is known for its many benefits, including stress reduction and increased flexibility and mobility. Goat Yoga provides a unique way to enjoy traditional yoga exercises with baby goats.
Are you allowed to take pictures during Goga Goat Yoga?
Goat yoga is selfie-friendly, so one can photograph the entire session with their cell phone or camera. They can even follow the official Goga Goat Yoga Instagram account if they want to avoid spoilers on future class themes and designs.
Is Goga Goat Yoga good for health?
It is good for a healthier lifestyle, especially if they are an animal lover. It provides a healthier alternative to other services that provide yoga classes. It also helps in improving flexibility, focus, and agility.
Are goat yoga classes safe for children?
Goat yoga is generally suitable for children from approximately 5 up until adulthood. Children with allergies or at high risk of asthma may want to avoid the session altogether, but most children should have no trouble participating in the class.
How do I pay for Goga Goat Yoga?
All payments must be made via credit card or PayPal. Some clients pay in cash, but there is no room for this during the in-studio sessions and they must pay in advance of the event.
How often are Goga Goat Yoga classes held?
Goga Goat Yoga currently holds classes twice a month on Saturdays and occasionally on Sundays as well. Most frequently, they hold 2 sessions per month with a few exceptions, such as when they hold private events that have specific themes or specifications, or when they hold holiday parties.
Who is the CEO?
Rachael Phillips is the owner and CEO of Goga Goat Yoga.
What is the net worth of Rachael Philips?
The net worth of Rachael Philips is estimated at $1.9 million.
