Tailgate-N-Go Shark Tank Net Worth 2023
Tailgate N Go’s net worth is estimated to be between $900,000 and $1 million. The company was pitched on Shark Tank and received an investment of $250,000 for 20% equity.
As of 2022, the founders have a net worth of $1 million USD. There are no search results that provide information about Tailgate N Go’s net worth in 2023.
What is Tailgate-N-Go? Who is the Founder of Tailgate-N-Go?
Tailgate-N-Go is a portable gas grill kitchen and dry box that can be used off the back of your vehicle for outdoor cooking.
As the name implies, it may be used for BBQ grilling in the parking lot before a big game, as well as for camping vacations, in the backyard, or in picnic areas.
It has storage sections for food, drinks, and cooking tools. The company was founded by Taylor Johnson, Ron Johnson, and Kobe Johnson.
TNG arose from a query Ron posed to his daughter Taylor while she was preparing for a family barbeque at a nearby lake.
Taylor was disorganized and had all of her tailgate stuff in six or seven separate bags. “Where’s your chuck box?” he inquired.
A chuck box is where campers keep ALL of their cooking gear when they’re on the road.
It derives from the old west’s “chuck wagons”: the wagon that served as the trail “kitchen” during a cattle drive.
Taylor was motivated to establish TNG with her father and brother, Kobe, in response to that query.
The family came up with the chuck box to end all chuck boxes after six prototypes.
Cutting boards, condiment containers, a knife magnet, storage nets and racks, and other features are included with each TNG model.
Ron Johnson founded the firm, with help from his daughter Taylor and son Kobe.
Ron is an artisan by trade, and in addition to serving on the board, he owns Riverbend Machinery and Riverbend Equipment in Grand Junction and Denver, Colorado.
These two businesses rent, sell, and service heavy equipment. Taylor now oversees the day-to-day operations with help from her father.
She is a Colorado Mesa University graduate with a background in entrepreneurship, having founded her own small media firm, Taylor Made Media.
Tailgate-N-Go Shark Tank Pitch
In the fifth episode of Shark Tank Season 11, Ron, Taylor, and Kobe presented their company and sought a $250,000 investment in exchange for a 10% stake. This put the value of their company at $2.5 million.
They pitched their Tailgate N Go product, which consisted of three different sizes of portable kitchen kits for tailgating and camping.
The largest kit costs $1,500, the medium-sized “Overlander” kit costs $1,400, and the smallest kit costs $1,000. However, the Sharks were not impressed with their low sales volume, which was only 100 units sold in a year and a half.
Despite their reservations, the Sharks were interested in the product and its utility patents. Ron, Taylor, and Kobe were looking for assistance in scaling up their production to fulfill orders and reduce costs.
Mark, Lori, and Matt all declined to invest due to various concerns, but Daymond warned that they would spend a lot of money trying to prove the product’s marketability.
Kevin made an offer of a $250,000 loan at 10% interest for 10% equity, with a perpetual royalty of $100 per unit, but the Johnsons declined.
Matt then made an offer of $250,000 for 20% equity plus a royalty of $50 per unit until the investment was repaid, and the Johnsons accepted.
After the deal was made, Matt helped them obtain an NFL license and secured them a spot at the NFL Experience 2020 convention.
In an update segment in episode 1120, they announced that they were still in business and had established a license agreement with the NFL.
Despite a weak year due to Covid-19, they were expecting annual sales to range between $900,000 and $1 million as of July 2021.
Tailgate-N-Go Net Worth
At the Sharks, they were in search of $250,000 for a 10% stake in their company. This equates to a $2.5 million value.
They accepted an offer from Matt of $250,000 for a 20% stake plus a $50 royalty until he recoups.
Summary Table: Tailgate-N-Go Shark
| INFORMATION | DETAILS |
| Net worth (2023) | Unknown |
| Net worth (2022) | $1 million USD |
| Investment in Shark Tank | $250,000 for 20% equity |
| Company Valuation on Shark Tank | $2.5 million |
| Product | Portable gas grill kitchen and dry box |
| Founder(s) | Taylor Johnson, Ron Johnson, and Kobe Johnson |
| Sales | Pre-Shark Tank: $137,000 |
| Post-Shark Tank (a few months after): $400,000 | |
| Sales projection | Annual sales are expected to range between $900,000 and $1 million as of July 2021 |
| Shark Tank Update | The company secured a deal with Matt Higgins for $250,000 for 20% equity plus a $50/unit royalty. |
Tailgate-N-Go Shark Tank Updates
Tailgate-N-Go is a portable outdoor kitchen for camping and outdoor recreation that was pitched on Shark Tank in Season 11.
The Johnson family, who created the product, asked for $250,000 for 10% equity and ended up securing a deal with Matt Higgins for $250,000 for 20% equity plus a $50/unit royalty.
In the few months after the episode aired, Tailgate-N-Go made about $400,000 in sales, a 60% increase over their pre-show sales.
The Johnsons were successful in securing a deal with Matt Higgins, chairman of the Miami Dolphins, after some negotiating. However, the article does not provide any updates on what happened to Tailgate-N-Go after Shark Tank.
The Daily Meal reports that prior to the company’s Shark Tank appearance, Tailgate-N-Go had only generated $137,000 in sales over the course of two years. Only three months after the episode aired, the company’s sales had increased significantly.
However, the article does not provide any specific sales figures beyond the $137,000 pre-show sales and the $400,000 post-show sales reported by Shark Tank Recap.
Shark Tank Success provides a review of Tailgate-N-Go after Shark Tank, describing the product’s features and benefits. However, the article does not provide any updates on the company’s sales or business operations after appearing on the show.
Tailgate-N-Go FAQS
What Is Tailgate-N-Go, Founder, And How Does Tailgate-N-Go?
Tailgate-N-Go is a family-owned and operated business based in Grand Junction, Colorado. The company was founded by Ron Johnson after an unorganized family camping trip.
Johnson was inspired to create a portable, modular outdoor kitchen that would contain everything needed for a successful camping trip.
Tailgate-N-Go’s product is a portable kitchen that can be attached to the back of a vehicle and taken on camping trips, tailgating events, and other outdoor activities. The kitchen contains everything needed to cook and serve a meal, including a stove, grill, cutting board, and utensils.
Tailgate-N-Go appeared on Shark Tank seeking $250,000 for 10% of their business. Matt Higgins, chairman of the Miami Dolphins, offered $250,000 in exchange for 20% equity in Tailgate-N-Go plus an additional $250,000 line of credit.
The company has continued to grow since appearing on Shark Tank, with Taylor Johnson, a 27-year-old Colorado Mesa University alumna, playing a key role in the company’s success.
Johnson answers hundreds of phone calls for the business every day, posts on social media, interacts with customers online, and travels wherever her job takes her.
What Happened To Tailgate-N-Go After Shark Tank?
Tailgate N Go is a portable kitchen for camping and outdoor recreation that was pitched on Shark Tank by the Johnson family.
The sharks had a healthy debate about the product, and Matt Higgins, chairman of the Miami Dolphins, offered $250,000 in exchange for 20% equity in Tailgate N Go.
The Johnson family accepted the offer, and the company’s sales increased to $400,000 in the few months after the episode aired.
As of July 2021, Tailgate N Go is still in business, and its annual revenue is between $900,000 and $1 million. The company experienced a slow year due to COVID-19, but it is still up and running successfully. Although the company has a lack of social media presence, it is thriving.
What Are Tailgate-N-Go Net Competitors?
Tailgate-N-Go’s competitors are not explicitly listed in the search results. However, there is information about the company’s net worth, location, and technology stack.
Additionally, the company’s website provides information about the product itself, which is a portable outdoor kitchen and dry box.
How Much Were Tailgate-N-Go Asking In The Shark Tank?
During their pitch on Shark Tank, the founders of Tailgate-N-Go asked for an investment of $250,000 in exchange for 10% equity in the business.
However, most of the sharks were spooked by the high production costs of $700 per unit and did not invest in the company. Tailgate-N-Go retails between $1,795 and $1,995.
Did Tailgate-N-Go Get The Deal From The Sharks?
Yes, Tailgate N Go secured a deal on Shark Tank with Matt Higgins, chairman of the Miami Dolphins, who offered $250,000 in exchange for 20% equity in the company plus an additional $50 royalty for each unit sold.
The deal closed, and the company continues to sell its product. In an update segment filmed for Shark Tank, it was reported that Tailgate N Go made about $400,000 in sales in the few months after the episode aired, which was a 60% increase over their pre-show sales.
How Much Was The Tailgate-N-Go Deal?
Tailgate-N-Go is a portable outdoor kitchen in a box that was pitched on Shark Tank by the Johnson family. The Johnsons went into the Tank seeking an investment of $250,000 in exchange for 10 percent equity.
After turning down an offer from Kevin O’Leary, the Johnsons accepted a last-minute offer from guest Shark Matt Higgins: $250k for 20 percent equity and a $50 per unit royalty until he recoups his investment.
The product retails between $1,795 and $1,995, and the sharks were spooked by high production costs ($700 per unit).
There is no information on the total deal value of Tailgate-N-Go, but it is known that Matt Higgins invested $250,000 for 20 percent equity and a $50 per unit royalty until he recoups his investment.
Is Tailgate-N-Go Still In Business?
Yes, Tailgate N Go is still in business as of 2023. After appearing on Shark Tank in 2019, Tailgate N Go made about $400,000 in sales in the few months following the episode, which was a 60% increase over their pre-show sales.
The Johnson family, who created Tailgate N Go, has been spending time with their business, which has been doing exceptionally well. Although COVID-19 affected some channels the family planned on using to market their product, like canceled trade shows, Tailgate N Go is still thriving.
What happened to tailgate and go?
The firm is still in operation, with headquarters in Grand Junction, Colorado, and interested buyers can buy their items straight from their website for distribution across the United States.
Who invested in tailgate go?
Matt Higgins, creator of a private investment group and vice chairman of the Miami Dolphins, is a partner in the Johnsons’ enterprise.
What are the strengths of Tailgate-N-Go?
They are a unique product with a unique idea.
What are the weaknesses of Tailgate-N-Go?
The product and concept are not widely used.
How much does Tailgate-N-Go costs?
There were three different models: Full-Sized at a $1,500 price point, the “Overlander” for $1,400, and the “River Box” for $1,000.
How much does Tailgate-N-Go costs to make?
They cost $748 to make Full-Sized, $728 to make Overlander, and $500 River Box.
What type of business is Tailgate-N-Go in?
Portable kitchen box systems.
Is Tailgate-N-Go in patent?
The Tailgate N Go product kits carry with them two utility patent on the interchangeable elements system
Where can they buy Tailgate-N-Go?
Customers can purchase their range of products directly from its website for shipping across the US.
