Pretty Rugged Shark Tank Net Worth-What Happened After Shark Tank?
What Is Pretty Rugged Shark Tank And Who Founded Pretty Rugged Shark Tank?
Pretty Rugged Shark Tank is a lifestyle brand founded by Tracy Slocum. The company produces windproof, waterproof, and spill-proof faux fur blankets and outerwear.
Slocum’s great-great-grandfather was a sea captain who inspired her to create the company.
In October 2022, Slocum appeared on ABC’s Shark Tank to try and secure an investment of $200,000 for 10% equity in her company. She received an offer from Robert Herjavec and Lori Greiner of $200,000 for 25% equity, which she accepted.
The appearance on Shark Tank resulted in a significant boost in sales and popularity for Pretty Rugged, with the company launching a sale on its website featuring some products cut in price as a promotion.
With two big sharks on her team, it is expected that the company will continue to grow rapidly.
What Happened To Pretty Rugged At Shark Tank?
Pretty Rugged appeared on Shark Tank Season 14 Episode 5 and asked for $200,000 for a 10% equity at a $2 million valuation. Lori Greiner and Robert Herjavec invested $200,000 in Pretty Rugged for 25% equity.
The sales price of the product is quite expensive, with margins ranging from 80% to 70%. Many Twitter users have shared their positive opinions about the inspirational story of Pretty Rugged.
Tracy Slocum, the founder of Pretty Rugged, has seen sales soar and invested in new equipment since appearing on Shark Tank. However, this article does not provide any specific information about what happened to Pretty Rugged after Shark Tank.
Lifetime sales are $3 million, and 2021 sales were $1,197,000 with a net profit of $32,000. Tracy Slocum spent $180,000 on trade shows in 2021 and funded a big purchase order at the end of the year.
The article does not mention any negative outcomes or whether the investment from Lori Greiner and Robert Herjavec had any impact on the company’s success.
What Happened To Pretty Rugged After Shark Tank?
Pretty Rugged, a lifestyle premium brand founded by Tracy Slocum, appeared on Shark Tank Season 14 Episode 5 in 2023 and asked for $200,000 for a 10% equity at a $2 million valuation. Lori Greiner and Robert Herjavec invested $200K in ‘Pretty Rugged’ for 25% equity.
Since appearing on the show, Pretty Rugged has seen sales soar and invested in new equipment. The company launched a sale on its website right after the episode, featuring some products cut in price as a promotion.
With two big sharks on her team, it only seems like a matter of time until the company blows up.
The company has an average margin of 80%, with many of its products have landed costs under $50 and yet selling for more than $200 to consumers. As of 2023, Pretty Rugged is worth around $8 million with total sales of over $3 million since launching.
Pretty Rugged has also expanded its product catalog to include more items such as blankets, jackets, hats, and accessories. They are currently available to purchase on Amazon and their website PrettyRuggedShop.com but may expand to other distribution channels in the future.
Pretty Rugged Shark Tank Net Worth
As of November 2022, the estimated net worth of Pretty Rugged was $800,000.Tracy Slocum founded Pretty Rugged, a lifestyle premium brand that provides warm and dry products. The company’s waterproof, windproof, and stylish blankets are made to protect people from harsh weather conditions wherever they go.
Pretty Rugged appeared on Shark Tank Season 14 Episode 5 and asked for $200,000 for a 10% equity at a $2 million valuation from the sharks. Lori Greiner and Robert Herjavec invested $200,000 in Pretty Rugged for 25% equity.
Tracy admitted that her company had generated more than $1.1 million during the previous calendar year and more than $3 million since launching.
The average margin for Tracy and her Pretty Rugged brand is about 80%, with many of the products having landed costs under $50 but selling for more than $200 to consumers.
After appearing on Shark Tank, Pretty Rugged immediately received a significant boost in sales and popularity. The company launched a sale on its website right after the episode featuring some products cut in price as a promotion.
Is Pretty Rugged Still In Business?
Yes, Pretty Rugged is still in business as of November 2022. Pretty Rugged is a luxury brand that manufactures windproof, waterproof, and spill-proof faux fur blankets and outerwear products using RuggedTex and SatinTex technology.
The company sells different types of blankets, corporate gifts, boating, luxury, faux fur, waterproof accessories, and outerwear. The headquarter of this retail company is in Latham, New York.
Tracy Slocum founded the company with the aim to provide warmth and dryness while giving a stylish look.