The Caddy Girls Shark Tank Net Worth 2023
During and after the pitch on Shark Tank, The Caddy Girls was valued at $500,000. However, since then, the company has continued to operate and grow, which suggests that its net worth may have increased beyond the initial valuation presented on the show.
This growth could be attributed to several factors, such as the company’s ability to secure new clients and expand its services, increase its revenue streams, and manage its costs effectively.
What is The Caddy Girls? Who is the founder of The Caddy Girls?
The Caddy Girls are a network of female caddies based in Myrtle Beach, South Carolina, who are not only knowledgeable in golf but also exceptionally beautiful.
Their services are available for daily hire as well as for charity competitions and business events, and they are often sought after for bachelor parties.
While they may model sexy bikinis for promotional purposes, they work in professional golf attire that is still attractive and adorable.
In 2005, after graduating from Central Carolina University, Meghan Tarmey chose to create her own business rather than work a minimum wage job at a local pub.
This led to the establishment of The Caddy Girls. Tarmey was tired of bartending and wanted to create something unique and enjoyable, which eventually led to the creation of The Caddy Girls.
Today, The Caddy Girls operate in 13 areas across the United States, including Hawaii. They offer a distinct and enjoyable way to spend a day on the course, and all of their caddies are certified by the Professional Caddies Association.
Not only are they beautiful, but they are also knowledgeable in club selection, course etiquette, distance calculation, and scorekeeping.
For those interested in hiring The Caddy Girls for tournaments, bachelor parties, or business events, their services are available for $149 plus tip.
The Caddy Girls Shark Tank Pitch
Meghan Tarmey sought to pitch her women-only golf caddy service, The Caddy Girls, and compete with the Sharks in episode 605 of Shark Tank.
Her goal was to expand her business internationally and establish a presence in every golf market in the country.
Accompanied by another Caddy Girl, Meghan arrived in a golf cart seeking $100,000 for a 20% stake in her company, which was valued at $500,000.
She highlighted that the service had generated $148,000 in a year and $34,000 in a month, and explained the pricing structure.
The Sharks raised concerns, with Lori identifying several issues and opting out, while Mark declined as he disliked golf. Daymond appreciated the idea but felt there was too much work to be done and he also opted out.
Robert recognized the business was in the “hustle” stage but ultimately decided it wasn’t investor-worthy and exited as well.
Mr. Wonderful was impressed and offered $100,000 for 50% equity, stating that the revenue could triple. However, Lori believed a better offer was possible and Meghan countered with a 40% stake, which was declined.
Meghan left the presentation without a deal, but the business saw a 400% increase in sales immediately after the show aired.
Over the years, they expanded to multiple states and are still in operation with annual sales of $13 million as of February 2021. They also offer their services in states where they do not have a physical presence with two weeks’ notice.
Net Worth of The Caddy Girls
The company was valued at $500,000 during and after the pitch. Since then the company is still in business and hence the company net worth might have been more than that of pitch.
The Caddy Girls FAQs
What is The Caddy Girls?
The Caddy Girls is a beautiful female caddie’s service situated in Myrtle Beach, South Carolina. The Caddy Girls are available for hiring on a daily basis, as well as for charity competitions and business events.
Who is the founder?
The founder is Meghan Tarmey who owns The Caddy Girls.
How much was Meghan seeking on Shark Tank?
Meghan was seeking for $100,000 for 20% stake of her company valued at $500,000.
Did she have the deal?
No, she did not have the deal. Meghan refused to give up 50% equity.
Is The Caddy Girls still in business?
Yes, the business is still in business and has expanded to 13 areas in US and even to Hawaii.
Where are The Caddy Girls located?
They operate in more than 13 areas around the United States (including Hawaii).
What does The Caddy Girls do?
The caddies offer a service for female golfers who are looking for female caddies to help them through the day, as well as gents who can’t always find female caddies.
What are the prices of The Caddy Girls?
The Caddy Girls charge $149 per day and up to $500 per tournament or event. Spokesperson Meghan Tarmey explains that they “work out to be less than you’d pay a man” because of their low overhead costs.
What is the revenue of The Caddy Girls?
The company makes close to $13 million in annual revenue.
What is the target market of The Caddy Girls?
The Caddy Girls normally target female golfers.
What were the assets of The Caddy Girls?
The equipment includes golf carts, GPS equipment, scorecards, pencils and other caddy essentials.
What are The Caddy Girls Cancellation and Booking Fee Policy?
The Caddy Girls cancels and bookings fee is a flat rate of $100.
What golf courses do you work on?
The Caddy Girls work with most of the golf courses throughout the United States.
What is The Caddy Girls Business Model?
The business model of The Caddy Girls does not involve advertising. Instead, it is based on referrals by golfers and caddies, who are particularly fond of The Caddy Girls.
What shows up on my credit card?
When credit cards are used to pay for The Caddy Girls service, the business will send a receipt after each event.
What is The Caddy Girls’ Word of Mouth Strategy?
Word of mouth is the best way to market The Caddy Girls and it has been working out for them.
What are the payment methods for The Caddy Girls?
They also accept Venmo, PayPal, CashApp, Zelle, Check or Western Union.
Is The Caddy Girls best to use?
The Caddy Girls are best suited for golfers who are searching for female caddies to help them through the day.
What is The Caddy Girls’ Pricing strategy?
The company mainly charges on per event basis. They also have a day charge as well. Their pricing is very reasonable given their quality service.
Does The Caddy Girls have affiliate program?
The Caddy Girls does not have an affiliate program so far.
Who is the CEO of The Caddy Girls?
Meghan Tarmey is the CEO and founder of The Caddy Girls.
What is the net worth of Meghan Tarmey?
Meghan Tarmey has a net worth of approximately $1 million.
