Tippi Toes Net Worth
Tippi Toes is a dance franchise that offers ballet classes for children aged 18 months to 12 years old. The company was founded by sisters Sarah Nuse and Megan Reilly in 1999.
At the time of their appearance on Shark Tank, Tippi Toes had a net worth of over $1 million. According to BizzBucket, the current valuation of Tippi Toes is $1.3 million.
What is Tippi Toes and Who founded Tippi Toes?
Tippi Toes is a dance class that offers children from eighteen months to twelve years old an enjoyable experience while learning to dance and getting fit.
The services provided by Tippi Toes aim to address global concerns such as obesity, which in turn help to prevent weight-related diseases such as diabetes from developing in children.
Sarah Nuse and Megan Reilly are the two sisters who founded Tippi Toes. When Nuse needed money to purchase a vehicle as a high school student, their mother suggested that they teach dance classes at nearby daycares. The sisters’ idea quickly took off, and the company grew rapidly.
Presently, Sarah Nuse works with entrepreneurs, manages Tippi Toes, and hosts the podcast Destined for Greatness.
She has also written a novel with the same title. Megan Reilly, on the other hand, hosts the Who Is Your Momma podcast and is a founding member of the Talent Champions Council. Additionally, she co-owns Tippi Toes alongside her sister.
Tippi Toes Shark Tank pitch
Tippi Toes founders Megan Reilly and Sarah Nuse went on Shark Tank seeking a $30,000 investment in exchange for a 5% stake in their business. The sisters pitched their children’s dance class concept, which aims to combat childhood obesity and promote exercise and body positivity.
They had sold seven franchises so far for $30,000 each plus monthly royalties. The sisters were met with mixed reactions from the Sharks, with Robert Herjavec questioning their earnings and Kevin O’Leary offering $50,000 for 51% of the company but wanting to abandon the DVD idea.
Barbara Corcoran offered $60,000 for a 20% stake, while Mark Cuban made a counteroffer of $100,000 for a 30% stake, which the sisters ultimately accepted. However, they later decided not to go through with the deal and keep control of their business.
Despite this, Tippi Toes has continued to thrive and expand, with over ten franchise locations in the United States and 34 franchisees as of July 2021. During the Covid-19 pandemic, they pivoted to virtual dance classes, and their yearly sales have reached $2 million.
Tippi Toes Net Worth
Tippi Toes was valued at $333,333.33 during the Shark Tank show.
Tippi Toes Shark Tank Updates
Tippi Toes is a dance franchise that offers classes for children. The company was founded by sisters Sarah Nuse and Megan Reilly in 1999. In 2014, they appeared on Shark Tank seeking a $30,000 investment in exchange for 5% of their company.
The sisters explained how their program gets kids moving and provides both exercise and a positive body image. The Sharks were impressed with the sisters, their back story, their current income, their future plans, and their net worth of over $1 million.
Mark Cuban made an offer, but after several meetings, Tippi Toes decided not to go through with the deal, preferring to retain control of their company.
Despite the deal falling through, Tippi Toes has continued to grow. The national exposure from their appearance on Shark Tank provided the brand with the boost it needed to expand its company.
As of 2022, Tippi Toes has over 32 franchises across the United States. The company is still operational and has battled all odds despite the deal on Shark Tank. The current valuation of the dance franchise is $1.3 million.
Tippi Toes is still offering dance classes for children and creating opportunities for hard-working women who want to earn an income or make a change in their community.
Table summarizing Tippi Toes:
| INFORMATION | DESCRIPTION |
| Company Description | Tippi Toes is an international dance franchise that offers ballet, jazz, tap, and hip-hop classes to children aged 18 months to 12 years old. The company aims to address global concerns, such as obesity, by promoting a healthy and active lifestyle through dance. |
| Founders | Tippi Toes was founded in 1999 by sisters Sarah Nuse and Megan Reilly. Sarah manages Tippi Toes, works with entrepreneurs, and hosts the podcast Destined for Greatness, while Megan hosts the Who Is Your Momma podcast and is a founding member of the Talent Champions Council. |
| Shark Tank Pitch | Tippi Toes pitched their business on Shark Tank, seeking a $30,000 investment in exchange for a 5% stake in the company. Although they initially accepted a deal from Mark Cuban for $100,000 for a 30% stake, they ultimately decided to retain control of their business. The company was valued at $333,333.33 during the pitch. |
| Net Worth | At the time of their Shark Tank appearance, Tippi Toes had a net worth of over $1 million. The current valuation of Tippi Toes is $1.3 million. |
| Franchise | Tippi Toes began franchising in 2009 and has over 32 franchises across the United States. They provide training, materials, and support to franchisees, but the company is selective with who becomes a part of their franchise family and appoints only the most qualified franchise owners. |
| COVID-19 | During the Covid-19 pandemic, Tippi Toes pivoted to virtual dance classes, and their yearly sales have reached $2 million. |
Tippi Toes FAQS
What Are Tippi Toes And How Does It Work?
Tippi Toes is an international children’s dance school that teaches children the joys of dance by bringing dance into schools, daycares, gyms, and other locations. The company was founded in 1999 and began franchising in 2009, with over 30 franchises in the United States.
Tippi Toes offers classes in ballet, jazz, tap, and hip-hop for children aged 18 months to 12 years old, using original music and choreography. They also host camps and dance parties for children in different communities.
One of the unique features of Tippi Toes is that they have created original music, which is used in all of their classes. They currently have four albums, which were created for specific use in their award-winning dance classes.
Tippi Toes’ mission is to share and develop a love of dancing with children of all ages while promoting a healthy, active lifestyle and bolstering their dancers’ self-confidence.
If someone is interested in starting a Tippi Toes franchise, the company provides training, materials, and support to franchisees. The company is selective with who becomes a part of its franchise family and appoints only the most qualified franchise owners.
What Was The Outcome Of The Tippi Toes Shark Tank Pitch?
During their Shark Tank pitch, Tippi Toes founders Sarah Nuse and Megan Reilly asked for a $30,000 investment in exchange for 5% of their company.
Although they received a firm offer from Mark Cuban, they ultimately decided not to go through with the deal and retain control of their company.
Despite this, the national exposure from their appearance on Shark Tank helped Tippi Toes expand and grow their company, with over 32 franchises across the United States. The company has battled all odds and remains unaffected to this day and growing.
The founders’ goal was to create opportunities for hard-working women who want to earn an income or make a change in their community, and they decided to franchise Tippi Toes to make dreams a reality for both the students and the franchisees.
What Happened To Tippi Toes After Its Appearance At The Shark Tank?
After their appearance on Shark Tank, Tippi Toes continued to grow and expand, with over 32 franchises across the United States.
Although they received a firm offer from Mark Cuban, they ultimately decided not to go through with the deal and retain control of their company. The national exposure from their appearance on Shark Tank provided the brand with the boost they needed to grow their company.
Tippi Toes was started to make some extra income while Sarah Nuse and Megan Reilly were studying, but it has since grown into a successful venture.
The company’s mission is to share and develop a love of dancing with children of all ages while bolstering their self-confidence.
Tippi Toes uses original music and choreography to teach children the joys of dancing and promote a healthy, active lifestyle. Instructors lead classes in various locations, including schools, daycares, and gyms. The company also hosts camps and dance parties for children.
How long are the classes?
Most Tippi Toes classes are 45 minutes long with the exception of some of our younger classes which are 30 minutes.
Our dance year runs from the end of August – July (with a few breaks such as Thanksgiving, winter, Spring break).
Our dancers are automatically enrolled in our summer classes.
We just found out about their classes. Is it too late to join?
We have open enrolment throughout the year, so it is never too late to join a class! Once you enrol, you can start right away!
What is their enrolment fee?
We have a once-a-year enrolment fee of $40 that is due at the time of enrolment. For siblings, this enrolment fee is $25.
What happens if we have to miss a class?
You’re welcome to make up your class at any of our public classes that fits your child’s age range.
What should my dancer wear to class?
We do not have a strict dress code at Tippi Toes! Your dancer is welcome to wear anything they feel comfortable and confident moving in.
They have a lot of franchises. If I have a Tippi Toes franchise, do I have to pay the fee again?
If your child joins through the franchise process, you will be responsible for their enrolment fee. So you will have to fill out each child’s enrolment form.
Can my child join without being enrolled in Tippi Toes?
No, once someone joins through Tippi Toes they are now considered an enrolled dancer.
Who founded Tippi Toes?
Sarah Nuse and Megan Reilly, are the founders of Tippi Toes.
How old are their dancers?
Their dancers range from 4 years old to 12 years old.
How long have they been dancing?
They started in 1999, which makes it 22 years strong.
Which episode was Tippi Toes aired on Shark Tank?
It was featured on season 2 episode 1
