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, the backyard, or at 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 20% stake plus $50 royalty until he recoup.
Tailgate-N-Go Net Competitors
There is no competitor identified for Tailgate-N-Go.
Tailgate-N-Go FAQS
What is Tailgate-N-Go?
Tailgate-N-Go is a portable all-in-one outdoor cooking system.
Who is the founder of Tailgate-N-Go?
Ron Johnson founded the firm, with help from his daughter Taylor and son Kobe.
How much were they asking in the Shark Tank?
They were in search of a $250,000 investment for 10% equity.
Did they get the deal from the Sharks?
They got the deal from Matt Higgins.
How much was the deal?
They received $250,000 for 20% plus a royalty of $50 per unit till repaid.
Is Tailgate-N-Go still in business?
They are still in business and as of July 2021, Tailgate-N-Go is making between $900,000 and $1 million.
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 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.
