JiggAerobics Shark Tank Net Worth 2023
During and after the pitch, JiggAerobics was valued at $416,667. However, the company’s financial performance has since exceeded expectations, with annual revenue reaching $900,000 as of December 2021.
This impressive financial performance justifies that the net worth of the company has increased significantly since the pitch.
JiggAerobics has been able to achieve this success by offering high-quality dance fitness classes that have attracted a loyal following of customers.
The company’s growth trajectory indicates that it has a bright future ahead and is poised for even greater success in the years to come.
What is JiggAerobics? Who is the founder of JiggAerobics?
JiggAerobics is a popular lifestyle brand known for its explosive dance-fitness program called “GetRight Sessions,” which combines fun, exercise, and entertainment on a global scale.
The brand cleverly integrates “jigging,” a high-energy southern dance form, with various plyometric workouts, resulting in an exhilarating and effective fitness experience.
With JiggAerobics, you can enjoy a customized and socially isolated party by simply putting on your headphones and getting ready to dance.
One of JiggAerobics’ signature workouts is the Super Soul Session, an intense low-impact cardio workout set to Old School Tunes for Generation X and Boomers, which is led by fitness experts.
Founded by LaDonte Lotts in Baton Rouge, Louisiana, in 2015, JiggAerobics has since attracted a large following and is known for its lively fitness gatherings that incorporate jigging, plyometrics, and hip hop music.
Lotts, a professional fitness instructor, was inspired to create JiggAerobics by his passion for dancing, which he pursued as a drum major in the band at Southern University and A&M College.
JiggAerobics offers classes and events at various locations across the southern United States and can be booked for special occasions. Memberships to stream their fitness routines cost $9.99 per month.
Currently, Lotts and two “master trainers” lead JiggAerobics, but he hopes to expand the brand globally and introduce it into schools.
JiggAerobics Shark Tank Pitch
LaDonte Lotts appeared on season 11, episode 20 of Shark Tank to promote his JiggAerobics dancing fitness program, hoping to gain the interest of the Sharks.
His goal was to expand his company globally and introduce it into schools, and he believed that a Shark’s assistance could make it happen.
During his pitch, LaDonte requested a $50,000 investment for a 12% stake in his company, which was valued at $416,667.
After his presentation, he invited the Sharks to join him in trying out the program, and they danced before getting down to business.
LaDonte’s sales in the first year totaled $62,000, and his plan to grow the company was to educate and license instructors, charging them a monthly fee.
Unfortunately, none of the Sharks saw value in investing in LaDonte’s company, and he left without a deal. This episode aired during the height of the Covid-19 pandemic in May of 2020.
As a result, LaDonte had to pivot his business to “Virtual Fitness Parties,” which were successful. However, he continued with his business and was still “getting jiggy with it” in December of 2021, with an annual income exceeding $900,000.
Net Worth of JiggAerobics
The valuation of the company was $416,667 during and after the pitch, since then the company has been operating with annual revenue of $900,000 as of December 2021. This justify that the company net worth had increased.
JiggAerobics FAQs
What is JiggAerobics?
JiggAerobics is a global lifestyle brand that combines fun, exercise, and entertainment to create an explosive dance-fitness phenomenon known as “GetRight Sessions.” JiggAerobics cleverly mixes “jigging,” a high-energy southern dancing form, with a variety of plyometric workouts.
Who is founder?
LaDonte Lotts owns JiggAerobics. He is owner of a fitness business and a master trainer. LaDonte Lotts founded ‘JiggAerobics’ in 2015.
How much was asking on Shark Tank?
LaDonte was asking for $50,000 for a 12% stake in his company, which is worth $416,667.
Did he have the deal?
No, he was not able to get a deal from the Sharks.
Is JiggAerobics still in business?
Yes, the company is still in business, and dance fitness classes are offered around the country.
What is the revenue of JiggAerobics?
JiggAerobics revenue is about $900,000 as of December 2021.
Is JiggAerobics good for health?
JiggAerobics is good for health. It is a full body workout that provides great cardio workout and exercises the strength of all the muscles in the body.
How often to do JiggAerobics?
One need to do JiggAerobics 2 times a week for 30 minutes each session.
How much does it cost to join JiggAerobics?
Price of membership at JiggAerobics is $9.99/month.
How does JiggAerobics make money?
The company makes money from monthly membership fees.
Where is JiggAerobics located?
JiggAerobics is located in Texas, United States.
How many JiggAerobics locations are there?
Currently, there are 4 locations.
What are the JiggAerobics challenges?
JiggAerobics challenges help one get fit and motivated to exercise.
How do I contact JiggAerobics?
Name of the company and address can be found on their website.
What are the future plans of JiggAerobics?
JiggAerobics plan to expand into schools and more locations around the world.
What is JiggAerobics like?
Some of the exercises are favorite partner dances and fast dancing so one are jumping up and down with their partner to get a high cardio workout. They do not need any equipment but they will need to buy music licenses for their chosen songs.
What are the payment methods accept by JiggAerobics?
Payment can be made by the JiggAerobics website credit card, debit card and check.
What are the qualifications to join JiggAerobics?
There is no requirement of qualification to join the JiggAerobics. All one need is a desire to get fit and have fun.
What is JiggAerobics like?
During the class, one can easily burn up to 500 calories in a 30-minute lesson. A typical workout will also strengthen every muscle in their body.
How to Contact JiggAerobics?
One can contact through their website http://jiggaerobicsfitness.com/
How is the business model of JiggAerobics?
JiggAerobics offers their customers the option to stream individual classes and pay a monthly membership fee or buy packages of class sessions.
How do I join JiggAerobics classes?
One can join dance fitness at a local location or stream lessons online.
How to find JiggAerobics?
One can find JiggAerobics by doing a search on google.com or by going to jiggaerobicsfitness.com.
Does JiggAerobics have subscription plan?
Yes, JiggAerobics have subscription plan.
What are JiggAerobics subscription plans?
JiggAerobics has 3 plans at different prices. They are one month, six month and one year subscription of $9.99/month, $79.98/six months and $179.95/year.
How to cancel JiggAerobics?
To cancel JiggAerobics subscription canceled one need to call their customer service line at +1 832-429-2281 from 7am to 10pm EST Monday through Friday or chat with a team member online at http://jiggaerobicsfitness.com/ or email at [email protected]
What is JiggAerobics workout like?
JiggAerobics workout is a mixture of partner dancing moves done at a high energy pace to pop music. The instructors create their own routines and then teach them to their participants.
What make JiggAerobics unique from others?
JiggAerobics is a fun way to get a full body workout. It not only provides great cardio workout but exercises the strength of all the muscles in the body.
What is the net worth of LaDonte Lotts?
LaDonte Lotts net worth is unknown.
