OneSole Shoes Net Worth
The net worth of OneSole Shoes is estimated to be $6 million as of February 28, 2023. The company’s valuation was $2.5 million when it appeared on Shark Tank in 2022, and after the investment done by Daymond John the company was worth $1.4 million.
OneSole shoes are interchangeable and were featured on Shark Tank.
What is OneSole Shoes and Who is the founder of OneSole Shoes?
OneSole Shoes is a unique product that allows women to change the color or style of their footwear components. The product features a range of interchangeable soles and tops, providing versatility and eliminating the need to pack multiple pairs of shoes while traveling.
Dominique McClain Barteet, the founder of OneSole Shoes, developed the idea as a side project while working at her pharmacy. Despite having no prior experience in shoe design or the business sector, Dominique’s trial-and-error approach eventually led to the creation of the OneSole brand.
After founding the company in West Palm Beach, Florida in 2002, Dominique’s perseverance and dedication to the concept paid off. Today, OneSole is renowned for its adaptability, allowing for the interchangeability of shoe components.
Though still working as a pharmacist, Dominique manages her company and continues to grow the brand. She even appeared on the popular show Shark Tank in hopes of securing investment from one of the sharks.
OneSole Shoes is particularly popular among travelers, as the multiple toppers for each sole allow women to bring as many pairs of shoes as they desire without sacrificing valuable luggage space.
OneSole Shoes Shark Tank pitch
Dominique Barteet introduced her product, OneSole Shoes, to the Sharks in episode 208 of Shark Tank. Barteet’s early success had already established a strong brand, which caught the attention of the Sharks as she sought a partner.
Barteet went into the Shark Tank seeking $500,000 in exchange for a 20% stake in her business, which was valued at $2.5 million. She quickly demonstrated the shoes and invited Barbara Corcoran to try them on. Corcoran called the shoes “paradise,” indicating their comfort.
Kevin O’Leary had doubts about the company’s valuation until he learned that Barteet had over $20 million in revenue and her product was sold in 30 countries. Her sales for the current year exceeded $4 million, and her earnings consistently exceeded $1 million. She was a patent, trademark, and copyright holder.
Barteet had come to the Shark Tank seeking a business partner, believing that she lacked the necessary relationships and distribution network to successfully launch OneSole Shoes into the retail sector. The Sharks were impressed by her numbers.
Kevin O’Leary inquired if she would consider selling the entire operation. Robert Herjavec made the initial proposal, offering $100,000 for a 10% stake in the company in exchange for each of the other Sharks investing $100,000 for a 10% stake.
Daymond John then offered $500,000 for 35% equity, excluding the other Sharks from the deal. Barbara Corcoran declined to make an offer, stating that the company would require too much of her time.
Kevin O’Leary proposed to buy the company outright, intending to recover the investment and make both parties wealthy. Barteet declined.
Kevin Harrington and Robert Herjavec made one last attempt, offering $500,000 in exchange for 50% equity in the company.
With two competing offers on the table, Barteet accepted Daymond John’s offer of $500,000 in exchange for 35% equity. She landed a deal with a Shark and secured a partner for her OneSole business.
Since accepting the Shark deal, Barteet has taken her brand to a whole new level. OneSole Shoes is now a globally recognized brand, and Barteet’s days of running a mail-order pharmacy and operating her shoe business out of a back room are long gone.
She now spends her time encouraging other entrepreneurs to pursue their ambitions and has even been known to invest her own profits in fledgling enterprises. She has risen from OneSole to success, aided in no small part by the Sharks.
Dominique has recently explored the possibility of licensing OneSole Shoes or selling the company outright. She hopes to retire comfortably by cashing in on her incredibly successful business.
As of July 2021, the company was still operating, and Dominique should be financially secure when she retires. As of February 2022, the company is still in business with annual revenue of $6 million.
Net Worth of OneSole Shoes
The company valuation was $2.5 million during the pitch, after the investment done by Daymond John the company was worth $1.4 million. Since then the company is still operating and hence the company’s net worth might have been more than that of the pitch.
OneSole Shoes Shark Tank Updates
One Sole Shoes is a line of interchangeable sandals created by pharmacist Dominique McClain Barteet. In 2011, Barteet appeared on Shark Tank seeking $500,000 for 20% of her company.
She received several offers but ultimately agreed to a $500,000 investment from Daymond John for 35% of her company.
Since then, One Sole Shoes have become available in several retail stores, including Sam’s Club. Barteet has also secured a licensing deal with the NFL and offers customers the ability to customize their One Soles with their own photos.
In April 2023, Onesole Shoes posted on their website that they were back on Shark Tank again. However, it is unclear what the outcome of this appearance was.
Barteet explained that she never actually applied for Shark Tank, at least not directly. She was contacted by a casting agent who had seen her product online and invited her to apply.
Overall, it seems that One Sole Shoes has continued to grow and expand since its appearance on Shark Tank in 2011.
The company has secured licensing deals and expanded its retail presence, and Barteet has continued to design new interchangeable tops for her sandals.
A Summary Table for Onesole Shoes Shark Tank
| COMPANY NAME | ONESOLE SHOES |
| Net Worth (February 2023) | $6 million |
| Valuation during Shark Tank Pitch (2022) | $2.5 million |
| Valuation after investment by Daymond John | $1.4 million |
| Founder | Dominique McClain Barteet |
| Product | Interchangeable shoes |
| Appeared on | Shark Tank (episode 208) |
| Investment Sought on Shark Tank | $500,000 for a 20% stake |
| Investment Received on Shark Tank | $500,000 for a 35% stake from Daymond John |
| Sales | Over $20 million with sales in 30 countries |
| Popular among | Travelers |
| Licensing Deal | With the NFL |
| Recent Developments | Appeared again on Shark Tank in April 2023 |
Note: Some of the information in the table is approximate, and the company’s current net worth may be higher than the estimated $6 million.
OneSole Shoe FAQs
What Are Onesole Shoes And How Does It Work?
OneSole Shoes is a shoe brand that was created by Dominique McClain Barteet, a pharmacist who developed the idea as a side project while working at her pharmacy.
The brand is known as “The Original Interchangeable Shoe” and offers a variety of soles that can be mixed and matched with different tops.
Each top can snap on and off within seconds, allowing for easy customization and convenience. The brand embodies style, comfort, and convenience, and offers a wide range of tops with various prints and designs, including collegiate tops and the Elvis Presley Collection.
OneSole Shoes is particularly popular among travelers, as the multiple toppers for each sole allow women to bring as many pairs of shoes as they desire without sacrificing valuable luggage space. The company sells shoes one pair at a time, and new styles are released every month.
Customers can choose whether they would like to keep their original pair or swap out the tops for a new look. The brand offers a range of signature soles, including kitten heels and flip flops, and is available for both children and adults.
Who is the founder?
OneSole Shoes was founded in West Palm Beach, Florida by Dominique McClain Barteet in 2002. She reasoned that there must be a simpler method to alter the colors and designs of shoes on the same pair.
How Has The Company Grown Since Appearing On Shark Tank?
Since appearing on Shark Tank, OneSole Shoes has become an internationally known brand1. The company has expanded its product line to include a wide range of soles, tops, accessories, and travel wear.
The shoes are designed to be interchangeable, allowing women to change the color or design of the components of their shoes.
The company releases new models every month, and the consumer can choose whether they would like to keep their original pair or swap out.
The shoes are particularly popular among travelers, as they allow ladies to travel with as many pairs of shoes as they like without compromising valuable luggage space thanks to several toppers for each sole.
Overall, OneSole Shoes has grown and expanded its product line since appearing on Shark Tank, becoming a successful and well-known brand.
What Happened To Onesole Shoes After Appearing On Shark Tank?
Since appearing on Shark Tank, OneSole Shoes has continued to grow and expand its product line. The company is now an internationally known brand and has a net worth of $6 million as of February 28, 2023.
The founder, Dominique McClain Barteet, has taken the brand to a whole new level and has established a strong brand that has caught the attention of the Sharks.
OneSole Shoes is a unique product that allows women to change the color or style of their footwear components.
The product features a range of interchangeable soles and tops, providing versatility and eliminating the need to pack multiple pairs of shoes while traveling.
The company is particularly popular among travelers, as the multiple toppers for each sole allow women to bring as many pairs of shoes as they desire without sacrificing valuable luggage space.
Overall, it seems that appearing on Shark Tank has helped OneSole Shoes gain exposure and grow its brand. The company has continued to innovate and expand its product line, and its founder has taken the brand to a whole new level.
How much was seeking on Shark Tank?
She was seeking for $500,000 for 20% of her company in exchange for a 20% stake of the company.
Did she have the deal?
Yes, she had the deal with Daymond John after she turned down another deal made by Robert Herjavec and Kevin Harrington.
How much did Daymond John invested in OneSole Shoes?
Daymond John invested $500,000 for 35% equity shares of the company.
Is OneSole Shoes still in business?
Yes, OneSole Shoes is still in business as of February 2022 with annual revenue of $6 million.
Where can I buy OneSole Shoes?
Customers can purchase OneSole shoes on their website www.onesole.com.
What are the different types of Shoes available on OneSole?
There are different types of shoes available on OneSole like sandals, heels, flats and much more.
Where is OneSole Shoes located?
OneSole Shoes is located in West Palm Beach Florida.
Is OneSole Shoes shipping?
OneSole Shoes is shipping within the United States. The company ships using USPS.
Is OneSole Shoes website safe to use?
Yes, OneSole Shoes website is safe to use. The site has SSL encryption, which means that your credit card and personal information are secure when you order through the site.
How can I get in touch with OneSole Shoes?
There is a contact form available on their website that customers can fill out to receive a response from the company.
What bank does OneSole Shoes use?
OneSole Shoe uses Chase Bank for the processing of debit cards and credit cards.
How much does it cost to ship from OneSole Shoes?
Shipping and handling charges depend on the order size and address of destination location. The more customers buy, the better the save on shipping, according to their shipping policy.
What is OneSole Shoes return policy?
The company does not accept returns or any product-related complaints for the products that were purchased from their website.
However, if customer received a damaged product, then he/she can return it and get a free replacement. The company also provides full refund if customer are dissatisfied with the product from their website.
What is the net worth of Dominique McClain Barteet?
The net worth of Dominique McClain Barteet is estimated at $10 million.
