Tough Ties Shark Tank Update| Tough Ties after Shark Tank pitch
What is Tough Ties?
Tough Ties are stain-resistant ties that may be machine washed.
Kevin Shoemaker and Skylar Bennett founded it. The two guys met at work as former commercial real estate agents.
Their business required them to dress sharply, but when they both became dads, they found a harsh reality: infants can tear up ties.
The guys had a terrible time keeping their ties clean, whether it was a small drip or full-on puking.
They decided to look for a remedy as a result of this.
They looked everywhere for machine-washable ties, but couldn’t find any.
They did, however, come upon an Arizona designer who assisted them in making their idea of machine washable ties a reality.
Tough Tie started selling products in 2017, and they’ve since expanded their collection under the name Tough Apparel.
They also offer belts, stockings, and, as a sign of the times, face masks, in addition to ties. Because the ties resist liquid, stains are uncommon.
If a stain occurs, keep throwing them in the washing machine.
They even come with a microfiber tip for cleaning your glasses.
A normal tie costs $30, while a personalized tie (for a wedding or other special occasion) costs $50 plus a $20 setup charge.
Who Founded Tough Ties?
Kevin Shoemaker and Skylar Bennett are the founders of Tough Ties.
What happen to Tough Ties at the Shark Tank Pitch?
From ties to other things, the guys have swiftly expanded, and they intend to expand even more.
They are hoping that a Shark will be interested in their apparel and business model.
Kevin and Skylar go to Shark Tank in search of $100,000 in exchange for a 15% stake in their firm, which shows a valuation of $666,666.66 of their business.
They present their tale, market their product, and then distribute samples.
Last year, they made $208,000 in sales, and this year, they’re on course to make $400,000. They invested $43,000 of their own money in the company and owe $150,000.
They want a Shark to help them get out of their financial bind.
Robert is the only Shark who has made an offer: $100,000 for a 35% of the company, which values their business at $285,714.29.
They try to reach an agreement on 33.3 percent, but Robert refuses to budge. They eventually reach an agreement with Robert.
Tough Ties after the Shark Tank Pitch
Tough Ties and Apparels come in a variety of designs and colours, with ties in two lengths and four sizes. After a successful stint on Shark Tank, the firm is relatively young and has caused quite a stir in the market.
Robert’s contract was never completed. In July of 2021. The company’s annual revenue is $4 million.
Tough Ties Net Worth
During the pitch they were asking for $100,000 in exchange of 15% which brings the valuation of the company to be $666,666.66.
They accepted a deal of $100,000 for 35% ownership which values their company at $258,714.29.
Tough Ties Competitors
There are several competitors in the market, for example:
Knotted Ties, Menswearhouse, My Stock Ties
Tough Ties FAQS
What is the deal with washable ties?
Yes. You can really wash, like in a washing machine, Tough Ties. We have a patent-pending design and control all aspects of the supply chain to ensure the highest quality for you.
A Tough Tie is truly one of a kind, and not to be compare to imitators who claim ” washable” by being hand washable.
How are Tough Ties made?
We have a patent-pending design and control all aspects of the supply chain to ensure the highest quality for you.
How much are Tough Ties?
A regular tie is $30, a personalized tie is $50 plus a $20 setup charge.
What does your service include?
At Tough Apparel we customize each order with fully customizable design including name brand prints, logos, colours and more.
How long does it take to get my order?
Once your order is placed, we will ship within 1-2 business days. Once shipped, the order will arrive in 2-6 days, depending on the shipping option selected and on your location
What do you give a person who purchased a tie from your website?
We produce a unique design that is only available through our premium website.
Can I wash my tie?
No. We have a patent-pending design and control all aspects of the supply chain to ensure the highest quality for you.
Can I cancel my order?
Once your order is placed, we cannot cancel it. You can return your order after receiving it.
Please email us at [email protected] for any further assistance you may require.
Are you able to customize ties without customizing them?
No. We can only customize items made by us, which means that either of the designs on our site is custom made for you.
We can also sell inventory that we create for other brands that we represent, but they will come in the form of our original design.
Who are the founders of Tough Ties?
Skylar Bennett and Kevin Shoemaker are the founders of Tough Ties.
Where is Tough Ties located?
We are located in Mesa, Arizona, United States
Who Are the Two New Fathers?
These are Skylar Bennett and Kevin Shoemaker met in college and co-founded Tough Tie in 2017.
What further features are available?
The ties also include an alternative buttonhole on the tail that allows them to be tied to a button-up dress shirt, keeping the clothing close to the body.
What are the characteristics of a tie?
All of their ties are of high quality and have a microfiber patch at the back for wiping stains on the tie as well as glasses or phones.
What’s the deal with kids?
Kids aren’t great at drooling, which is why they frequently spit up on whoever is carrying them.
What Are the Competitors’ Names?
There are several competitors in the market, for example:
Knotted Ties, Menswearhouse, My Stock Ties.
What’s the deal at the Shark?
Robert is the only Shark who has made an offer: $100,000 for a 35% stake
What exactly is Tough Ties?
It is a unique design ties which allows it to be machine washable, stain and liquid repellant and contains five times the amount of stitching as standard ties.
It also includes microfiber tipping which allows consumers to clean their phone screens or glasses.
What exactly is Tough Apparel?
It is a creative lifestyle brand that allows customers to customize their order, choose designs and colours that are not available on the market.
What is the price of a face mask?
Face masks are now on sale for $12.
What exactly is Tough Apparel?
Soon after changing the name, they decided to go beyond ties and create durable, inventive, and fashionable men’s clothing.
