Pick-Up Pools Shark Tank Update | Pick-Up Pools after the Shark Tank Pitch?
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What is Pick-Up Pools?
The Pick-up Pool is a swimming pool liner that fits into the bed of a pickup truck. The liner provides a watertight seal around the pool. Pools are available for all pickup truck bed lengths, from short bed to extended bed.
Pickup Pools was developed by Tommy Prestella in the summer of 2014 when he was living in Arkansas. Prestella is a member of the United States Air Force and continues to serve as CEO of Pick-up Pools.
Pick-up Pools was founded because Prestella’s daughter requested to visit a pool and the family did not have one.
Prestella then placed a tarp in the bed of his pickup vehicle and secured it with bungee cords. Prestella disliked the appearance and set about constructing a more efficient liner.
Tommy is required to leave the nation for lengthy periods of time as an active duty Air Force Pilot. Diana, his sister and business partner, runs the show in his absence.
They’ve sold pools all around the world since they began. They offer their products online through Amazon.
Due to Prestella’s military deployment in 2017, sales stalled. That is when he decided to bring his firm to Shark Tank.
Who is the founder of Pick-Up Pools?
Tommy Prestella.
What happen to Pick-Up Pools at the Shark Tank Pitch?
The Air Force Pilot entered the Tank requesting a $100,000 investment in return for a 25% stake. This indicates a $400,000 value.
As Tommy describes the goods, the Sharks get a giggle from the onstage model pool. Sales are modest — $7060 year to year and $12,000 throughout the life of the vehicle.
The explanation for his poor sales is that he is still an active member of the Army, which consumes a great deal of his time. His initial order sold out in 2014, but his maker retired.
In 2017, he was assigned to an “undisclosed area” in Africa and partnered with his sister.
Tom’s sister founded a new manufacturing and will oversee it for the next eight years while Tom is on active duty.
They require the funds to reduce their overhead and improve the website’s performance. They presently produce two sizes for $110 and $117, respectively, and sell them for $199 and $209.
Mark inquires about cost containment, and Tommy is convinced they can accomplish it.
Lori claims ignorance of the market and ventures forth.
Robert believes there is no business and leaves.
Kevin leaves the store, alleging a lack of sales.
Barbara Corcoran is the first Shark to approach Pickup Pool with an offer.
She offers $100,000 in exchange for 25% stake, subject to her speaking with and seeing Tommy’s sister to ensure she is interested in having her join the firm and determining whether the price can realistically be reduced to under $100.
Mark Cuban also chooses to make a bid on Pickup Pool. Mark offers Tommy $100,000 for a non-exclusive 33 percent stake, stating that he intends to promote the product through Tower Paddle Boards.
He accepts Mark’s offer and becomes a formal partner.
Pick-Up Pools after the Shark Tank Pitch?
The transaction with Mark has been completed, and the business is now advertised on his website. Pickup Pools are currently available on Amazon, and according to the company’s website, the product continues to receive 5-star ratings.
Additionally, they introduced a third pool size, making them available for short bed, standard bed, and long bed vehicles.
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 be $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.
