The Bobble Place Shark Tank Update| What happened to The Bobble Place after the Shark Tank Pitch?
What is The Bobble Place?
Bobble Place is a company which specializes in producing custom, made-to-order bobble head figurines.
Customers are able to request bobble heads of themselves, loved ones, celebrities, cartoon characters, and more.
Customers are additionally able to select the material their bobble heads are made from, either resin or polymer, as well as the time frame within which they’d like the order to be completed, between one and six weeks.
Who is the Founder of The Bobble Place?
The founder and owner of Bobble Place is Florida resident Jeff Wolsky. Jeff has yet to be particularly vocal about his life or career prior to his public role as Bobble Place’s CEO; however, before his company grew into what it is today, he initially focused on selling wedding accessories.
He appears to have gone into business sometime after completing high school, although the specific time frame has yet to be clarified.
Jeff Wolsky is a resident of Pasco County, Florida. He claims that he has always been captivated with bobblehead dolls but was disappointed that you couldn’t construct your own personalized bobblehead anyplace on the internet.
This made him realize that there is a great chance for him to launch his own firm that allows customers to customize their own bobblehead dolls and then purchase them.
Due to this popularity, Jeff decided to focus the company’s manufacturing capabilities solely on the bobble heads, thus leading to the Bobble Place of today.
The dolls sell for a hefty $78-109 apiece, and come with a satisfaction guarantee.
What happen to The Bobble Place at the Shark Tank Pitch?
Jeff Wolsky appeared on Shark Tank season 1 episode 10 in search of a $75,000 investment in exchange for an 18% stake in his company. This translates as a $416,666.67 valuation.
He gives the Sharks samples, which are bobble-heads of themselves.
They are pleased with the samples. “Kevin O’Leary believes that Jeff Wolsky has done a terrific job at sucking up so far,” Wolsky says, explaining how his unique products are bought through his website. He wants to extend his successful current firm into mall kiosks.
The sharks begin to circle. Daymond John inquires whether the existing business is profitable. Wolsky confirms that he earns seven figures every year.
Wolsky, according to John, is merely providing a stake in the new, kiosk-based expansion of his old firm. O’Leary is perplexed as to why he should “invest in a bit of vapour when there’s a genuine business right there.”
Herjavec is curious as to why Wolsky is withholding the primary business from them. O’Leary appears upset. “So, I get to maintain the succulent, online, higher-margin business while you keep the higher-risk location, the brick-and-mortar idea?”
Wolsky has dangled a tantalizing piece of bait, but his efforts to persuade the Sharks to adopt his kiosk concept are failing.
Wolsky is described as greedy by O’Leary and Herjavec. Daymond John is curious. “Would you be prepared to provide us with some insurance on our money through your present business?”
Wolsky is open to the possibility of parting with a tiny portion of his present firm. He explains the kiosk figures in response to Corcoran’s prodding.
When O’Leary learns that Wolsky is unable to forecast future earnings from the kiosks, he is enraged. He intends to utilize them as a marketing tool for his current business.
O’Leary is offering $75,000 for 18% of the present firm. Wolsky rejects the offer. However, he prevents Jeff Wolsky from ever visiting malls with The Bobble Place.
Daymond “I like the idea,” John replies, “but not the kiosk idea.” He claims that the mall idea is essentially “promotion” for the internet, and that Wolsky is requesting his money for his own gain rather than mutual benefit. He’s gone.
Kevin Harrington believes Wolsky’s kiosk concept could be tested for $10,000. He’s gone.
Corcoran believes he has been duped since the original firm is not included in a proposed transaction. She’s gone.
O’Leary offers $100,000 for 20% of the present firm but wants to abandon the mall concept. Before Wolsky can respond, Herjavec makes a counter-offer: $125,000 for 20%.
Wolsky counter-offers $225,000 for both Sharks, with each receiving 10% of the business.
Wolsky is escorted out of the room as O’Leary negotiates with Herjavec. They decide to offer $100,000 for a 20% stake in the firm, bringing in both Sharks. Wolsky declines the offer.
Herjavec extends his offer of $125,000 for a 20% stake.
Kevin O’Leary has stated that he is officially out and does not wish to invest.
Wolsky responds with $100,000 for a 7% return.
Herjavec reacts with a quote: “How it begins is how it finishes,” claiming that the transaction is overly convoluted. He’s gone, and Wolsky exits the Shark Tank without a contract.
The Bobble Place after the Shark Tank Pitch
Wolsky’s kiosk concept was scrapped. On his HD Design Centres website, he continues to offer his personalized bobble heads.
He retained complete control of his web business, while the Sharks moved on in search of more fertile seas.
The Bobble Place appears to still exist today, however it has been rebranded WeBobble.
The firm is still in operation as of July 2021, with an annual revenue of $5 million.
The Bobble Place Net Worth
Jeff Wolsky appears on Shark Tank season 1 episode 10 in search of a $75,000 investment in exchange for an 18% stake in his company. This translates as a $416,666.67 valuation.
The Bobble Place Competitors
There is no competitor identified for The Bobble Place.
The Bobble Place FAQS
What is The Bobble Place?
The Bobble Place is a custom bobble-head doll company based in Pasco County, FL.
Who is the founder of The Bobble Place?
The business was founded by Jeff Wolsky in 2011, who is the company’s CEO.
How much was he seeking in the Shark Tank?
Jeff Wolsky was seeking $75,000 in exchange for an 18% stake.
How much did Jeff Wolsky get?
Wolsky left the Shark Tank without a deal.
Is The Bobble Place still in business?
As of July 2021, The Bobble Place appears to still be in business.
Where can they find and purchase a bobble head from The Bobble Place?
All of The Bobble Place items can be viewed on their official website.
Do their heads bobble?
The solution is that their heads all wobble. If they choose, they may also build fixed heads; just let us know in the order remarks portion of the purchase form.
What are Custom Bobble Head Dolls made of?
They allow them to choose the material, unlike other sites.
Proofs, will they see the doll being made?
Yes, they give genuine visual proofs of their work in progress for them to review or request adjustments on the majority of their delivery timelines.
What Currency are their custom bobble head prices?
The pricing are all in US dollars.
What Countries do they Ship to?
They send items all over the world, to over 210 different countries.
Will they be notified when their order ships?
Yes! They will send them an email shipment notice once their item has been dispatched, verifying that their delivery has been delivered to them. The email will also include a tracking number.
Do they have a printed catalog available?
They do not, however, because they only provide readymade bobble head bodies and/or whole custom created dolls. At the moment, all product information is only available online.
What is the net worth of Jeff Wolsky?
Jeff Wolsky net worth is $6 Million.