NicePipes Net Worth
Nicepipes is a brand that sells stylish leg and arm warmers. The company was valued at $1 million when it appeared on Shark Tank in 2016, but its net worth has since grown to an estimated $5 million.
According to Owler, the company made about $4.4 million in the previous year.
What is NicePipes and Who is the Founder of NicePipes?
NicePipes is a company that offers various high leg and arm warmers in a wide range of colors and designs, including thigh-high and knee-high leg warmers. These products are particularly useful for women’s workout routines due to their moisture-wicking properties and UV protection.
Lisa Binderow, a mother, wife, and dedicated yoga practitioner, founded NicePipes in 2014. She received numerous inquiries about her clothing from students and instructors at her yoga school, prompting her to create her own business.
Binderow spent seven years in New York City as a fitness trainer and program manager at a national chain yoga studio. During this time, she realized that conventional wool and acrylic leg warmers were inconvenient on her skin and that her yoga attire did not provide adequate protection from the elements.
Binderow frequently wore her yoga clothing while running errands in the city and didn’t want to invest in new training clothes. To solve this issue, she molded and cut her yoga bottoms into leg and arm warmers.
After receiving numerous requests from interested buyers, Binderow quit her job and founded NicePipes. Her products have performed well on Amazon, with arm warmers costing $32, knee-high leg warmers costing $42, and thigh-high leg warmers costing $46. They come in a variety of colors and designs and offer slight compression.
NicePipes Shark Tank Pitch
In season 8, episode 13 of Shark Tank, Lisa Binderow pitched NicePipes and requested a $100,000 investment in exchange for a 10% ownership stake, which would value the company at $1 million.
She showcased her leg and arm warmers, which offer several benefits for women’s exercise routines, such as moisture-wicking and UV protection.
The items come in a range of colors and designs, with thigh-high and knee-high options available. Lisa explained that she sells them for $42 and creates them for between $7.50 and $10. She also revealed that they were handmade in Los Angeles and sold both online and through retail outlets.
During the pitch, Robert questioned Lisa about her sales figures, and she revealed that she had made around $80,000 in sales during the previous winter. However, Kevin did not believe the product was proprietary, and Mark and Robert expressed doubts about the company’s valuation.
Lori admired Lisa and her business but decided not to invest. Barbara offered $100,000 in exchange for 40% of the company, but Lisa declined the offer, stating that she could not give up such a large portion of her business.
Despite not receiving an investment from the Sharks, NicePipes has continued to grow and sells its products online and in yoga classrooms.
As of November 2021, the company’s yearly sales were reported to be $4 million. Lisa remains content with her balanced life of operating her company and teaching yoga, and she reflects that it was not worth it for her to give up 40% of something she had worked so hard on.
NicePipes Net Worth
Sites such as Owler state that the company’s net worth is around $5 million.
There is no competitor identified for NicePipes.
What is NicePipes?
NicePipes is a company that offers a variety of high leg and arm warmers in a range of colours and designs.
Thigh-high and knee-high leg warmers are available.
The items are perfect for women’s exercise routines due to a variety of benefits.
For instance, NicePipes are moisture-wicking and provide UV protection.
Who founded NicePipes?
Lisa Binderow founded the company in 2014.
How much was she asking in the Shark?
She was seeking $100,000 for 10% of the company.
How much did get from the Sharks?
Lisa Binderow declined to give 40% of the company in return for $100,000 from Barbara and leaves the Tank without a deal.
Is NicePipes still in business?
The company is still operating as of November 2021, with yearly sales of $4 million.
Can they work out in their NicePipes?
Yes! And when they warm up, it’s extremely simple to peel them off and place them in their NicePipes pouch.
What does one size fits most mean?
NicePipes are designed to fit a range of leg and arm sizes.
Due to the supplex fabric’s ability to expand beyond its real proportions, one size fits most legs and arms.
What is the washing situation?
Cold machine wash. Tumble dry on low heat and avoid fabric softeners, which can degrade the fabric’s ability to wick away moisture.
Do not iron, and they emphasize this point.
What is this magical fabric they call Supplex?
Supplex mixes the feel of cotton with current technology to create a breathable, moisture-wicking, durable fabric that maintains its shape and colour and dries quickly.
What is their return policy?
They are overjoyed that they have chosen to incorporate NicePipes clothing into their training regimen.
They stand 100% behind their stuff. If customers are not totally pleased, they will gladly exchange it for something else they adore or receive a refund in the form of the product’s worth.
They must initiate their return or exchange by contacting [email protected]nicepipesapparel.com.
Where can they find NicePipes?
They can find them on their website, Facebook, Twitter
How much is the net worth of NicePipes?
According to Owler, the net worth of NicePipes is approximately $5 million.
Where are NicePipes located?
NicePipes is manufactured in Los Angeles, California.
How is NicePipes rated?
NicePipes is rated 4.5 out of 5 on amazon.
What made materials are NicePipes made of?
The products are made of supplex, a water-repellent, stretchable fabric that dries quickly and resists odour.
What is the net worth of Lisa Binderow?
Lisa Binderow’s projected net worth as of 2021 is $1 million.
Are NicePipes successful?
NicePipes has been in existence for about five years, and the company has purportedly made millions of dollars since its creator debuted on Shark Tank.
What is the net worth of NicePipes Apparel?
NicePipes Apparel’s net worth is approximately $5 million.