Shell Bobbers Shark Tank Net Worth 2023
Jeff and Dusty went on Shark Tank Season 6 Episode 22 seeking $80,000 in exchange for a 20% stake in their company. This would have given their business a $400,000 valuation.
Ultimately, they accepted an offer from Mark Cuban for the same amount of money but with 33% equity in their business instead, resulting in a reduced valuation of $242,424.24.
What is Shell Bobbers?
Shell Bobbers are a type of fishing bobber made by repurposing empty shotgun rounds. These rounds are filled with material that makes them buoyant, allowing them to float upright on the water’s surface.
Using this unique bobber is a lot of fun, especially for those who enjoy fishing or hunting. It’s a one-of-a-kind item that would make an excellent gift.
The founders of Shell Bobbers are Jeff Stafford and Dusty Holloway, who have been fishing companions for their entire lives. They noticed a spent shotgun shell floating in the water while fishing, and that’s when they came up with the idea to repurpose them into fishing bobbers.
While the Shell Bobbers are the flagship product of their company, they are also working on a cooler/tackle box combination. Fishing and hunting are closely linked, and the founders recognized the potential for their unique product.
Currently, the Shell Bobbers are selling well and have gained popularity among fishing enthusiasts.
What happen to Shell Bobbers Shark Tank at the Shark Tank?
Jeff and Dusty appeared on Shark Tank Season 6 Episode 22 with hopes of securing $80,000 for a 20% stake in their company, which would value their business at $400,000. During their pitch, Dusty handed out samples of their product, and Robert confirmed that they were genuine shells.
When Jeff revealed that each shell cost less than $1 USD to create, including labor, Mark became visibly intrigued. Despite only having around $1,000 in sales, Jeff and Dusty believed that their product had potential in the multi-million dollar hunting and fishing industry.
Mr. Wonderful offered the entrepreneurs $80,000 for 50% ownership of the company and a royalty fee of 50 cents per unit until he recouped his investment, at which point the royalty would drop to 10 cents in perpetuity. However, Jeff and Dusty declined the offer.
Robert felt that the duo only had a product, not a company, and Daymond agreed that it was too early for him to invest. Mark then offered $80,000 for a 33% stake in the company, and Jeff and Dusty accepted the deal after Lori pressured them to make a decision quickly.
After their appearance on Shark Tank, Shell Bobbers took off, with the products selling well on Amazon. The duo signed a deal to have their product available in 3,000 7-Eleven locations and were in talks with Walmart.
They moved their operations out of Dusty’s garage to accommodate inventory requests, and an update segment showed off their new facilities, machinery, and employees. The entrepreneurs expressed their joy in manufacturing their products in the US and credited their success to Shark Tank.
Although their website is no longer operational and social media has not been updated since 2017, the products are still available on Amazon. However, Shell Bobbers have been discontinued, and it is unclear if they were only selling on Amazon or if the product was just a passing trend.
Shell Bobbers Net Worth
Jeff and Dusty go on Shark Tank Season 6 Episode 22 in search of $80,000 in exchange for a 20% stake in their company. This represents a $400,000 valuation.
They accepted an offer from Mark of $80,000 for 33% stake in the business thus bringing valuation to be $242,424.24.
Shell Bobbers Competitors
There is no competitor identified for Shell Bobbers.
Shell Bobbers FAQS
What is Shell bobbers?
Shell Bobbers are a fishing bobber that is constructed from empty shotgun shells. The ammunition shells are filled with floatable material, allowing them to float upright in the water.
Who is the founder of Shell Bobbers?
The Shell Bobbers are the brainchild of Jeff Stafford and Dusty Holloway. The two had been fishing companions for their whole lives.
How much was they seeking in the Shark Tank?
Jeff and Dusty go on Shark Tank Season 6 Episode 22 in search of $80,000 in exchange for a 20% stake in their company. This represents a $400,000 valuation.
Did they get the deal from the Sharks?
They are offered an offer from Mark of $80,000 for 33% stake in the business thus bringing valuation to be $242,424.24.
Is Shell Bobbers still in business?
Shell Bobbers have been discontinued.
Where were Shell Bobbers located?
Oviedo, Florida.
How much were a Shell Bobber cost?
Jeff said that it is much under $1 US Dollar per 3-pack, including labour. Each box is sell for $8.99.
Why did Jeff and Dusty build Shell Bobbers?
Jeff and Dusty had been fishing companions for their whole lives. They noticed a spent shotgun shell floating in the water while fishing, which inspired them to make Shell bobbers and start a company.
When was Shell Bobbers aired on Shark Tank?
Shell Bobbers appeared on Shark Tank on April 26th, 2013.
How can they contact Shell Bobbers?
They are out of business.
What episode of Shark Tank was Shell Bobbers featured?
Jeff and Dusty went on Shark Tank Season 4 Episode 22.
What happened to Shell bobbers after shark tank?
They submitted their idea on Season 4 of Shark Tank and struck a deal with billionaire investor Mark Cuban for $80,000 in exchange for 33% equity.
Shell Bobbers is currently known as Fishing Ammo, and it has earned celebrity endorsements from anglers such as Duck Dynasty actor Willie Robertson.
Shell bobbers were owned by who?
Jeff Stafford and Dusty Holloway are the owners of Shell Bobbers.
What is net worth of Jeff Stafford?
Jeff Stafford’s net worth is unavailable.
What is net worth of Dusty Holloway?
Dusty Holloway’s net worth is unavailable.
