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 FAQS
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