Pick-Up Pools Net Worth
Tommy Prestella, the founder of Pick-Up Pools, has a net worth of $150,000 as of 2022. The company was featured on Shark Tank in 2023 and received an investment of $100,000 for 33% from Mark Cuban. The company had made sales of over $12,000 in a short amount of time, and its valuation was $400,000.
What is Pick-Up Pools and Who is the founder of Pick-Up Pools?
Pick-Up Pools is a type of pool liner that is designed to fit into the bed of a pickup truck, creating a watertight seal. The liners are available in all bed lengths, from short to extended beds.
The founder of Pick-Up Pools is Tommy Prestella.
The founder of Pick-Up Pools is Tommy Prestella, who developed the product in the summer of 2014 when he was living in Arkansas. Tommy is an active-duty Air Force pilot and continues to serve as CEO of the company.
The idea for Pick-Up Pools was born when Prestella’s daughter wanted to go swimming, but the family didn’t have a pool. To solve the problem, Prestella laid a tarp in the bed of his pickup truck and secured it with bungee cords. However, he was not happy with the appearance and decided to create a more efficient liner.
When Tommy is required to leave the country for extended periods of time due to his military duties, his sister Diana, who is his business partner, runs the company in his absence.
Pick-Up Pools has sold its products worldwide since its inception and is available for purchase online through Amazon.
Sales stalled in 2017 when Tommy was deployed, prompting him to bring his company to Shark Tank to seek investment and assistance.
Pick-Up Pools Shark Tank Pitch
During the pitch, founder Tommy Prestella requested $100,000 for a 25% stake in his company, valuing it at $400,000.
Despite some laughs from the Sharks during the presentation, Tommy explained that he had only made modest sales of $7,060 in the previous year and $12,000 over the lifetime of the product due to his time-consuming military commitments.
His initial order in 2014 sold out, but his manufacturer retired, so he partnered with his sister to start a new manufacturing process. Tommy and his sister needed the investment to reduce overhead costs and improve their website’s performance.
They were selling two sizes for $199 and $209, and Mark Cuban offered $100,000 for a non-exclusive 33% stake, with the intention of promoting the product through his company, Tower Paddle Boards.
Barbara Corcoran also made an offer of $100,000 for a 25% stake, subject to speaking with Tommy’s sister and reducing the price below $100. Tommy accepted Mark’s offer, and they became business partners.
Since the show, Pick-Up Pools have continued to be available on Amazon, and the company’s website reports 5-star ratings. They have also introduced a third pool size for short-bed, standard-bed, and long-bed vehicles. Tommy’s sister runs the company while he is on active duty in the military.
Pick-Up Pools Net Worth
The Air Force Pilot entered the Tank requesting a $100,000 investment in return for a 25% stake. This indicates a $400,000 value.
He accepted an offer from Mark Cuban of $100,000 for 33% thus bringing the value to $303,030.30.
Pick-Up Pools Competitors
There is no competitor identified for Pick Up Pools.
Pick-Up Pools FAQS
Is pick-up Pools still a going concern?
The transaction with Mark has been completed, and the business is now advertised on his website. Pickup Pools are available on Amazon and directly from the manufacturer.
Additionally, they introduced a third pool size, making them available for short bed, standard bed, and long bed vehicles.
How did pick-up Pools fare following the shark tank?
Pick-Up Pools was added to the official list of Mark Cuban Companies following the episode’s original airing on March 24TH, 2019, and the product continues to get 5-star ratings on Amazon.
What does a pick-up pool entail?
The Pick-up Pool is a pool-grade vinyl liner that fits snugly in the bed of a pickup truck without the use of ropes or bungee cords.
Simply slide the Pick-up Pool’s corners over the corners of your truck bed, fill with water, and enjoy. Tailgate parties, camping, outdoor events, or at home are all acceptable venues.
Is Pick-Up Pools successful?
Pick-up Pools has grossed $7,060 in sales since being online, but has a lifetime total of $12,000, which includes a proof-of-concept run in 2015.
Who was the founder of Pick-Up Pools?
Tommy Prestella came up with the concept of Pick-Up Pools in the summer of 2014 while stationed in Arkansas. During the record-breaking heat, his daughter begged to go to the pool.
When the Pick-up Pool is not in use, how is it stored?
Simple. It collapses to the size of a big beach towel and fits neatly on a closet or garage shelf.
Is pick-up pools available on amazon?
Pick-Up Pools are available on Amazon.com with free shipping and free returns.
What is the web address for Pick-Up Pools?
The official website for Pick-Up Pools is www.pickuppools.com.
What do the Pick-Up Pools look like?
The Pick-Up Pools can be purchased in two sizes, Short Bed (34 x 8 feet) and Long Bed (48 x 8 feet). Both are made of 1.9-millimeter vinyl, which makes them punctureproof, mold-proof and impervious to the effects of UV rays.
Both designs include a 42-inch safety border that prevents accidental contact with the pool liner during transport.
How much does Pick-Up Pools costs?
They currently manufacture two sizes which cost $110 and $117 and sell for $199 and $209 respectively.
How much does it cost to ship Pick-Up Pools?
Shipping costs are free when they order directly from Pick-Up Pools.
Who is Tommy Prestella?
Tommy Prestella is the founder and CEO of Pick-Up Pools.
What was Pick-Up Pools looking in the Shark Tank?
The Air Force Pilot entered the Tank requesting a $100,000 investment in return for 25% stake. He accepted an offer from Mark Cuban of $100,000 for 33% stake.
How do they make money?
Pick-Up Pools sells their product directly on Amazon and through their website, www.pickuppools.com.
What are the strengths of Pick-Up Pools?
Pick-Up Pools is a well-constructed product that fits snugly in the bed of a truck without the use of ropes or bungee cords. The material is puncture- and mold-proof, UV resistant, and tear resistant.
What are the weaknesses of Pick-Up Pools?
High manufacturing costs.
Where can they purchase Pick up Pools?
Pick-Up Pools are available on Amazon and directly from the manufacturer.
What is net worth of Tommy Prestella?
Unknown.
When the Pick-up Pool is not in use, how is it stored?
Simple. It collapses to the size of a big beach towel and fits neatly on a closet or garage shelf.
How much would a water-filled truck bed weigh?
A full bed of water weighs nearly 4,700 pounds, easily exceeding their truck’s maximum cargo capacity by more than a ton.
Even a half-full bed of water (about 2,368 pounds) will easily exceed the weight capability of the aircraft.
