The Coop Shark Tank Net Worth 2023
During the pitch, The Coop was valued at $1 million. After securing an investment from Barbara, the company has expanded to seven additional locations and generates an annual revenue of $3.4 million.
These impressive figures suggest that the net worth of the company has likely increased substantially.
What is The Coop? Who is the founder of The Coop?
The Coop, a play and party venue for kids, is a fantastic indoor/outdoor space that was created by Juliet Boydstun and Lucinda Lent of Los Angeles.
They wanted to establish a venue that they would enjoy spending time in just as much as their children would.
With their impressive outdoor garden, free Wi-Fi, coffee bar, great magazines, and stress-free events, they were successful in their goal. The Coop is a place where everyone can come together for some fun and frolic in a clean and safe environment.
In 2008, Juliet Boydstun and Lucinda Lent designed the modern and relaxed space as they transitioned from being LA hipsters to mothers.
They founded the company to offer a better alternative to the dull and overcrowded play areas that they often encountered.
Their aim was to create an atmosphere where children can play, learn, and have fun, while their mothers can relax in a stylish and comfortable coffee bar.
The Coop is not only a place for kids to enjoy, but also a safe haven that provides a nurturing environment for both children and their mothers.
One of the best things about The Coop is the amenities and events that make it a favorite spot among parents. The Coop offers a variety of exciting parties including beauty, music, fashion, dance, cooking, and crafts.
Additionally, free Wi-Fi is available, and kids are welcome to bring their own snacks to enjoy during playtime.
The Coop Shark Tank Pitch
Juliet and Lucinda sought investment from the Sharks in season 4, episode 11 of Shark Tank to help scale their business.
They pitched their idea of themed events and requested $150,000 for a 15% stake in their company, which was valued at $1 million.
During their presentation, they threw a mini-birthday celebration for Mark Cuban to demonstrate their concept, complete with Shark fin party hats. The ladies had made $350,000 in sales in 2011, with a profit of $100,000.
While Kevin thought franchising was the way forward, Robert suggested they open another location on their own, and Daymond didn’t see any value he could add.
Mark felt there were cheaper kids party options available. However, Barbara offered them $150,000 for a 15% equity stake, provided they offer a warrant or personal guarantee.
The ladies accepted Barbara’s offer, and after the broadcast aired, they concluded the deal. In a later update segment, they shared that they had launched a “COOP CRATE,” a reusable and recyclable bag that allowed customers to transport a themed Coop party home.
The Coop was dubbed the “trendiest kids play facility in LA” by the Oscars pre-show Countdown to the Red Carpet.
Although they were forced to close due to the COVID-19 pandemic, they continued to provide virtual parties through Zoom and ship favors.
As of August 2021, The Coop had seven locations across California and Texas, with a total annual income of $3.4 million. They were also featured on Beyond the Tank, where they discussed their plans to franchise their business.
Net Worth of The Coop
The company was valued at $1 million during the pitch and after the investment done by Barbara. Since then the company has been in business with additional seven locations and annual revenue of $3.4 million. This justifies that the company’s net worth might have increased.
The Coop Shark Tank Updates
The Coop is a play space designed for children and their parents, offering a safe and fun environment for kids to play and learn. The Coop appeared on Shark Tank in 2015, asking for $150,000 in exchange for a 15% stake in the business.
The Coop’s founders, Juliet Boydstun, and Lucinda Lent, hoped to use the investment to turn their business into a franchise. The Sharks were impressed with The Coop’s themed parties and its potential for franchising, and Barbara Corcoran made a deal with the founders.
Since appearing on Shark Tank, The Coop has become a successful business with multiple locations in and around Los Angeles. The Coop has expanded its offerings to include hosting and planning parties, which can cost parents anywhere from $695 to $2,795 per event.
The Coop has also introduced the “COOP CRATE,” a “party in a box” concept that allows party patrons to bring a themed Coop party home to celebrate. The COOP CRATE is a reusable and recyclable bag.
As of 2023, The Coop is still in business and has seven locations in the United States. The Coop is looking for franchisees to expand its business further.
The Coop’s national TV exposure and Shark Tank investment have helped to keep the brand at the forefront. The Coop offers cooperative advertising programs with the company and other franchisees to provide national and regional exposure at a more affordable price.
The Following Table Summarizes The Coop Shark Tank’s Net Worth in 2023
| TOPIC | SUMMARY |
| Company | The Coop is an indoor/outdoor play and party venue for kids, founded by Juliet Boydstun and Lucinda Lent of Los Angeles in 2008. |
| Shark Tank | Appeared on Shark Tank in season 4, episode 11, pitching for $150,000 for a 15% stake in their company. |
| Investment | Accepted an offer from Barbara Corcoran of $150,000 for a 15% equity stake, and expanded to seven locations generating $3.4 million p.a. |
| COOP CRATE | Launched a reusable and recyclable bag that allowed customers to transport a themed Coop party home. |
| Net worth | Valued at $1 million during the Shark Tank pitch, and now likely increased due to expansion and annual revenue. |
| Franchise | Looking for franchisees to expand the business further. |
The Coop FAQs
What is The Coop Shark Tank?
The Coop is a play and party space for kids and adults located in Studio City, California. The Coop was founded by Juliet Boydstun and Lucinda Lent, who appeared on Shark Tank in 2015. During their pitch, they asked for $150,000 in exchange for a 15% stake in the business.
They showcased their themed parties by throwing a mini birthday party for Mark Cuban, complete with shark fin party hats. The Coop had $350,000 in sales in 2011 and netted a $100,000 profit. Barbara Corcoran invested in The Coop, and they opened multiple locations in and around Los Angeles.
The Coop offers a variety of party packages, ranging from $595 for a party of 15 kids to $2,300 for the “Coop and Caboodle” package.
They also offer a “Coop Party 2 Go” option for those not in the Los Angeles area. The Coop has expanded its business by franchising, and Shark Tank investors found their business to be an irresistible investment.
The Coop has a national TV exposure and cooperative advertising programs with the company and other franchisees to provide national and regional exposure at a more affordable price.
As of 2023, The Coop’s net worth is $5 million5. They continue to serve their customers with the same enthusiasm and customer service they had when they first appeared on Shark Tank5.
The Coop has become a successful business, with multiple locations and a “party in a box” concept called the “Coop Crate”.
The Coop Crate allows party patrons to bring a themed Coop party home to celebrate. The Coop has also been featured in Countdown to the Red Carpet, the Oscars pre-show, as “the hottest kids play space in LA.
How does The Coop Shark Tank work?
The Coop is a play space that caters to both adults and kids. It offers slides, tunnels, ball pits, and bounce houses, as well as places for kids to play and treats. The Coop also hosts and plans parties, which can cost parents anywhere from $695 to $2,795 per event.
The Coop’s founders, Juliet Boydstun and Lucinda Lent, appeared on Shark Tank in 2012, asking for $150,000 for a 15% ownership stake in the business. They hoped to take the investor’s money and turn the business into a franchise.
To demonstrate their themed parties, they threw a mini birthday party for Mark Cuban, complete with Shark fin party hats.
The Sharks were impressed with The Coop’s success, as the business had $350,000 in sales in 2011 and netted a $100,000 profit. Kevin O’Leary thought franchising was The Coop’s future. Barbara Corcoran offered $150,000 for a 40% stake in the business, but Boydstun and Lent countered with a 25% stake.
Corcoran accepted the counteroffer, but with a royalty of $1 per customer until she recouped her investment.
The Coop filmed an update segment in episode 426, where they revealed they went forward with Barbara and introduced the “COOP CRATE,” a “party in a box” concept that allows party patrons to bring a themed Coop party home to celebrate.
Since their appearance on Shark Tank, Boydstun and Lent have been focusing on turning The Coop into a national brand by way of franchising. They are in the midst of launching their second location in Frisco, Texas.
The Coop also offers franchise opportunities for those interested in owning a COOP franchise. The benefits of owning a COOP franchise include simplicity, training, support, and marketing.
What is the current valuation of The Coop Shark Tank?
The Coop appeared on Shark Tank in season 4, episode 11, seeking an investment of $150,000 in exchange for a 15% stake in the company. During the pitch, The Coop was valued at $1 million.
After securing an investment from Barbara Corcoran, The Coop has expanded to seven additional locations and generates an annual revenue of $3.4 million. As of 2023, The Coop’s net worth is $5 million.
The Coop is a business that offers slides, tunnels, ball pits, bounce houses, video games, painting areas, and more for children to play in. The Coop also offers parents a place to relax and enjoy a cup of espresso or a treat. The Coop is available for party hosting and planning services, with packages ranging from $695 to $2,795 per event.
The Coop has seen financial success, making $100,000 in profits on sales worth $350,000. After appearing on Shark Tank, The Coop received an investment from Barbara Corcoran.
What happened to The Coop Shark Tank?
The Coop is a play space designed for children and their parents, seeking a safe and stylish place to play and host parties. The Coop appeared on Shark Tank in season 4, episode 11, seeking $150,000 in exchange for a 15% stake in the business.
The founders, Juliet Boydstun and Lucinda Lent, secured a deal with Barbara Corcoran, who invested $150,000 for a 15% stake in the company.
After securing the investment, The Coop expanded to multiple locations in and around Los Angeles, generating an annual revenue of $3.4 million. The company has also expanded to Texas and released The Coop Crate, a party-in-a-bag that allows customers to bring The Coop experience to their homes.
The Coop has been successful since its appearance on Shark Tank, with a combined net worth of $3.4 million across all of its locations in 2016. The company continues to serve its customers with the same enthusiasm and customer service it had when it first started2.
What is The Coop?
The Coop is the perfect play space for children and parents. It was designed to make parents’ lives easier while keeping the kids entertained, while they enjoy coffee, tea and free Wi-Fi in a relaxed atmosphere.
Who is the founder?
Juliet Boydstun and Lucinda Lent designed the modern and relaxed apartment in 2008 as they transitioned from LA hipster chicks to mothers.
The two founded the company to provide a better alternative to the dreary, cutesy, congested play areas that they frequently encountered.
How much were seeking on Shark Tank?
They were seeking for $150,000 for 15% equity in their company.
Did they have the deal?
Yes, they secured the deal from Barbara Corcoran.
How much was the deal?
Barbara offered $150,000 for 15% equity shares of the company.
Is The Coop still in business?
The Coop is still in business.
Is The Coop safe?
Yes, The Coop is safe.
Can I book a party at The Coop?
Yes, one can book a party by calling them on Call (818) 760-9613.
What are the payment terms?
The payment terms are flexible.
How does The Coop make money?
The Coop makes money from booking parties and selling party bags to its customers.
Is The Coop legit?
Yes, The Coop is legit.
Is there a franchise fee for The Coop?
There is no franchise fee for The Coop.
How is the business model of The Coop?
The Coop has a unique business model. They offer a unique location for children’s parties.
What is the market target of The Coop?
The Coop primarily offers parties to children and their parents.
How did The Coop become popular?
The Coop became popular with their special events. They provided parties for children, birthday parties, and anniversaries.
Why should I go to The Coop?
One should go to The Coop because it gives a quality service and has a fun environment.
Is there free Wi-Fi at The Coop?
Yes, they have free Wi-Fi at their location.
What is the address of The Coop?
The address of The Coop is 6333 Coffee Rd, Los Angeles, CA 91605.
How does The Coop work?
The Coop provides a place for parents to stay and relax, while their kids play in the play area.
Where can I search for reviews about The Coop?
Reviews about The Coop are available on many sites over the internet.
What are the payment methods of The Coop?
All the payment at The Coop is via cash, credit card and debit cards.
How much are the parties cost at The Coop?
The cost of the parties at The Coop varies. But averagely the cost of a party is $50 per hour (duration one hour).
What is The Coop website?
The Coop website is http://www.thecoop-la.com/
What is the phone number of The Coop?
The phone number of The Coop is (818) 760-9613.
What is The Coop email address?
The Coop is info@thecoop-la.com
Does The Coop offer coupons?
Yes, they offer coupons to their customers. They are available on various sites over the internet.
Where can I get more details about The Coop?
One can get more details about The Coop over the internet. One can visit thecoop-la.com or follow the company on social media sites such as Facebook and Twitter.
What is the net worth of Lucinda Lent?
The net worth of Lucinda Lent is unknown.
What is the net worth of Juliet Boydstun?
The net worth of Juliet Boydstun is unknown.
