Show No Towel Shark Tank Net Worth 2023
During the pitch the Show No Towel was valued at $200,000 after Lori make an investment in the company it was valued at $300,000. Shelly Ehler walked onto the stage in front of the investors of “Shark Tank,” asking for $50,000 for a 25% share in her ShowNo Towel business.
Lori Greiner was the first Shark to speak up and asked Ehler where she has been making these ShowNo’s. For the most part, the majority of her products are made inside her house.
And what she likes most about her own product is that when you lay the ShowNo down, the slit closes up and you have a whole … of units.
In exchange for that 25% equity, Lori Greiner gave Shelly Ehler a check for $75,000. After consulting her spouse, Shelley agreed to the offer from Shark Lori and stepped out of the show with her desired cheque.
After granting investment from her successful pitch in Shark Tank, Shark Lori took immediate action to bring Show No Towel to TV and successfully get its display in souvenir shops in Disney World’s water park, triggering excellent sales results. The towels have been very popular in these parks and sold in bulk for $9 each.
At retail locations, they are sold for $19.99. However, Shelley ceased business in 2016 for personal reasons; as of 2021, the value of Shelley’s wealth is uncertain.
In 2018, she reopened the firm and sold items on the internet but shut its doors again in August 2020. Therefore it is unclear whether ShowNo Towels will still be around by 2023 or not.
What is Show No Towel? Who is the founder of Show No Towel?
Show No Towel is a patent-pending towel wrap that can be worn over any outfit, designed to solve the problem of lost towels at the pool.
The founder of Show No Towel, Shelly Ehler, was inspired to create the product while struggling to assist her two sons in changing at the same time while at the pool. The towel wrap is essentially a bath towel with a hole in the center that can be worn like a poncho.
The goal of Show No Towel is to make it easier and fairer for pool guests to find their towels after they’re done swimming, and to discourage people from grabbing towels from others’ belongings.
The product has been successful and is currently licensed to several water parks in California, including Six Flags Magic Mountain and LEGOLAND.
Shelly Ehler is a successful entrepreneur who turned a simple idea into a thriving business. Her innovative solution to the problem of changing at the pool has made a positive impact on families and pool-goers alike.
The Show No Towel not only solves the problem of lost towels but also provides a way for children to change out of their swimming suits in public while maintaining some level of modesty.
It can also be used as a beach towel and cover-up. The success of Show No Towel demonstrates that sometimes the simplest ideas can have a significant impact.
Show No Towel Shark Tank Pitch
Shelly sought assistance from the Sharks to distribute her product, the Show No, in water parks. She presented her business to the Sharks on Shark Tank, asking for $50,000 in exchange for a 25% stake in her company, which was valued at $200,000.
Shelly brought her children to model the Show No and gifted each Shark with a unique Shark Tank edition towel.
Although Shelly only had $15,000 in sales, she impressed the Sharks with her determination and confidence.
Robert and Kevin declined to invest in the product, but Daymond John offered $50,000 for a 50% stake in the company, while Lori Greiner offered $50,000 for a 25% stake.
Daymond then reduced his offer to $50,000 for a 20% stake, and Mark offered $75,000 for a 25% stake. Lori and Daymond increased their offer to $75,000 for a 25% stake, with Lori playing “the female card.” After consulting with her husband, Shelly accepted Lori’s offer.
Following the Shark Tank pitch, Lori secured the Show No Towel’s placement in Disney World’s Water Park gift store, where it quickly sold out.
Shelly continues to pursue distribution opportunities by attending trade exhibitions, securing distribution arrangements, and selling to swim club patrons.
While Lori’s involvement in the business appears to be minimal, Shelly remains undeterred and is pursuing additional projects, including a 3D poster firm.
All company goods are currently handmade in Shelly’s house, and there is no agreement for mass manufacturing.
However, Shelly discontinued operations in 2016 due to personal circumstances but restarted the business in 2018. As of August 2020, the company has closed its doors again, but Shelly continues to sell her products online.
Net Worth of Show No Towel
During the pitch the company was valued at $200,000 after Lori make an investment in the company it was valued at $300,000.
Since the company is no longer in operations the company net worth is unknown in 2021.
Show No Towel Shark Tank Updates
ShowNo Towels is a beach towel company that produces innovative towels designed to stay in place on the sand or other surfaces.
The company’s mission is to provide high-quality, functional, and stylish beach towels for customers who want to enjoy their time on the beach without any interruptions.
The concept of the ShowNo towel is that it allows kids to change out of a bathing suit in public with a degree of modesty. The towel also makes a nice beach towel/cover-up.
Shelly Ehler, the founder of ShowNo Towels, appeared on Shark Tank in Season 3, Episode 4, asking for $50,000 for a 25% share of her business. She received $75,000 for 25% equity from Lori Greiner.
After the show, ShowNo Towels became tremendously popular during the summer. They secured a contract with Disney to furnish towels for their water parks.
However, as of 2023, ShowNo Towels has ceased operations. Their website is currently unavailable, and their social media sites have not been updated in years.
In conclusion, ShowNo Towels was a novel idea that gained popularity after appearing on Shark Tank and securing a contract with Disney. However, the company has since ceased operations.
Show No Towel Shark Tank Summary:
| INFORMATION | DETAILS |
| Product | Show No Towel, a patent-pending towel wrap designed to solve the problem of lost towels at the pool or beach. |
| Founder | Shelly Ehler |
| Shark Tank Pitch | Shelly asked for $50,000 for a 25% stake in the company, which was valued at $200,000. Lori offered $75,000 for a 25% stake, which was accepted. |
| Sharks involved | Lori Greiner, Daymond John, Mark Cuban, Robert Herjavec, and Kevin O’Leary. |
| Company valuation | $200,000 during the pitch, $300,000 after Lori’s investment. |
| Sales | $15,000 during the pitch. |
| Distribution | Show No Towel was licensed to several water parks in California, including Six Flags Magic Mountain and LEGOLAND. |
| Success | Show No Towel was successful and sold well in souvenir shops at Disney World’s water park. |
| Current status | The company ceased operations in 2016 for personal reasons and then reopened in 2018, but closed again in August 2020. As of 2021, the company’s net worth is unknown. |
| Additional information | Show No Towel can also be used as a cover-up or beach towel. Shelly continues to pursue distribution opportunities and sell her products online. |
Note: The table contains the main information from the provided text. Some details may not be available or may be unclear.
Show No Towel FAQs
What Is ShowNo Towels And How Does It Work?
ShowNo Towels is a beach towel that doubles as a cover-up and allows kids to change out of their bathing suits in public with a degree of modesty.
The towel has a slit in the middle that acts as a poncho, and it is designed to stay in place on the sand or other surfaces with a patent-pending anchoring system that prevents it from sliding around or blowing away in the wind.
The towel is made from high-quality materials, making it durable and long-lasting, even after multiple washes.
Shelly Ehler, the founder of ShowNo Towels, came up with the idea when she was swimming with her children and realized she could not help them change together.
She secured the towel’s patent and provided the license to water parks in California, such as LEGOLAND, Mountain, and Six Flags Magic.
She appeared on Shark Tank, asking for $50,000 for a 25% share of her business, and secured an investment on air.
However, the sharks did not follow through with the deal, and Ehler decided to close up shop and “throw in the towel” after six years of running the business.
Despite an incredible experience with Disney, which ordered the product and put it on the shelves of the Disney Store, the ShowNo Towel has become a no-show today. Disney has not re-ordered, and without an ongoing deal, Ehler decided to close the business.
Who is the founder?
Shelly Ehler is the founder of Show No Towel.
What Was The Outcome Of ShowNo Towel’s Pitch On Shark Tank?
Shelly Ehler, the founder of ShowNo Towels, appeared on Shark Tank in Season 3, Episode 4, asking for $50,000 for a 25% share of her business.
She pitched her product, which is a towel that allows kids to change out of a bathing suit in public with a degree of modesty.
The Sharks were initially skeptical, but Lori Greiner saw potential in the product and offered $75,000 for 25% equity. Shelly accepted the offer and left the show with a check.
After the show, Lori Greiner took the ShowNo Towel to the Today Show and got it into the gift shop at Walt Disney World’s Water Park, where they quickly sold out.
However, Disney has not re-ordered the product since then. Despite appearing to have success after the show, the company has since ceased operations. The website is currently unavailable, and social media sites have not been updated in years.
Did Any Of The Sharks Invest In ShowNo Towel?
Yes, Lori Greiner invested $75,000 for a 25% stake in ShowNo Towel on Shark Tank. Shelly Ehler, the creator of ShowNo Towel, appeared on Shark Tank in hopes of raising $50,000 for a 25% stake in her business.
During the pitch, Ehler demonstrated how the towel worked by slicing it down the middle and creating a new kind of towel poncho that could protect children from the elements while changing.
Lori Greiner was the first Shark to express her admiration for the product and inquired about Ehler’s ShowNo production facility. After consulting with her spouse, Ehler agreed to Greiner’s offer of $75,000 for a 25% stake in the company.
Despite a deal with Disney, ShowNo Towel eventually went out of business. Ehler ceased business in 2016 for personal reasons. The sale of ShowNo Towels on the ShowNo website has been discontinued.
What Happened To ShowNo Towels After The Shark Tank?
After appearing on Shark Tank, ShowNo Towels seemed to have success. Lori Greiner invested $75,000 for a 25% stake in the company, and the product was sold at Walt Disney World’s Water Park, where they quickly sold out.
However, as of 2023, ShowNo Towels has ceased operations, and their website is currently unavailable, and their social media sites have not been updated in years. In 2018, the company reopened and sold items online, but it shut down again in August 2020.
Despite the initial success, it seems that the company was not able to sustain its business in the long run.
What is her offer on Shark Tank?
She was asking for $50,000 for 25% equity shares of her business at valuation of $200,000.
Who invested on Show No Towel?
Lori Greiner for $75,000 for 25% equity stake.
Is Show No still in business?
It is not in business anymore. It has discontinued its operations.
What happened to show no towel on Shark Tank?
After six years of being buried in towels, her “Shark Tank arrangement” [with Lori Greiner] fell through; Ehler said in an August, 2015, blog post. “At one point, even cursed the Shark Partner for booting them,” Ehler stated. Show No Towels are no longer available for purchase on the Show No website.
Is there any other Show No Towel products?
Show No Towel made a few items for children such as towel, shirt, pants and water bottle.
How can I purchase a Show No Towel?
Unfortunately, customers cannot purchase a Show No Towel because the company closed doors in 2020. The company has not been started up again, but we are keeping our fingers crossed that it will be soon.
Customer can follow their journey on Facebook at https://www.facebook.
What Shark Tank product is in Disney?
Shelly and Lori Greiner’s arrangement with Disney Land is featured in Season 3’s Show No Update.
They go around the Magic Kingdom, and lo and behold, there is the Show No Towels, proudly displaying the Mickey Mouse logo. During her Shark Tank visit, she states that she has previously spoken with Disney.
How is the business model?
The entrepreneur is manufacturing, distributing and selling the products directly to the customers by using social media.
She has not gone into distribution channels or retail outlets like Amazon because she believes that it is easier to sell directly to the consumers. Shelly continues to manufacture and distribute her product out of her home.
What is the net worth of Shelly Ehler?
The net worth of Shelly Ehler is unknown.
