Tutublue Shark Tank Net Worth 2023
Tutublue Shark Tank Net Worth
Sarah G. Buxton is the founder and owner of Tutublue, a company that designs full-body swimsuits to protect the body from sunlight.
In 2023, Tutublue’s net worth is estimated to be around $1 million. The company collects an annual revenue of approximately $48k.
Tutublue was featured on the 7th season, episode 18 of Shark Tank in 2015, where Buxton pitched her idea for UV-protective swimwear. Since then, the company has grown in popularity and has become a leader in sun protection swimwear.
Buxton is passionate about protecting people’s skin from UV rays and has designed high quality UPF50+ suits from recycled fabrics to decrease sunscreen usage and increase time spent outdoors safely.
What is Tutublue? Who is the founder of Tutublue?
Tutublue offers a collection of full-body swimsuits designed to shield against sun damage, made with a lightweight, resilient, breathable, and quick-drying Ultraviolet Protection Factor 50 protective fabric.
The brand’s namesake, Sarah Buxton, founded Tutublue after being diagnosed with melanoma, a type of skin cancer, and advised by her doctor to avoid sun exposure.
Despite her love for water-based activities such as swimming, surfing, and boating, she was determined to find a way to protect herself from the sun’s harmful UVA and UVB radiation.
After undergoing surgery and radiation therapy, which resulted in the loss of much of her hair and scars on her body, Sarah became a passionate advocate for sun safety.
She created Tutublue to provide comfortable and protective clothing for anyone who wants to enjoy outdoor activities without worrying about sun damage.
Tutublue offers a range of athletic clothing, from long suits to leggings, that allows individuals to protect their skin all day without the need to repeatedly apply sunscreen.
Tutublue Shark Tank Pitch
Sarah demonstrated her commitment and determination by taking her product to the Shark Tank in search of a partner.
She entered the presentation with her brilliant concept, seeking $200,000 in exchange for a 25% stake in her one-month-old firm, which would bring the company’s value to $800,000. During the presentation, Sarah shared that she had already generated $4,000 in sales.
Sarah’s product, a full-body UV resistant bathing suit, was priced at $189 on Amazon and $220 on her website. She emphasized that the beach clothing blocks 98% of harmful UV radiation.
Despite her impressive presentation, all five Sharks, Barbara Corcoran, Mark Cuban, Robert Herjavec, Lori Greiner, and Kevin O’Leary, declined to invest after conducting their own analyses.
Although Sarah was unable to secure a deal with the Sharks, she remained optimistic about the future of her invention.
As is often the case, appearing on Shark Tank provided a boost in visibility for Sarah’s product, and she was able to secure a contract with a Miami hotel and spa called Tutublue.
The hotel requested that the suits be printed with their own artist’s work and placed a significant order for their personalized clothing.
The suits were made available in a variety of styles and colors and can now be purchased from two stores, one in California and one in Florida, as well as on Amazon.
Despite the competitive market for unusual beach apparel, Sarah’s company has grown slowly but surely.
The company’s three retail locations are the Canyon Ranch Spa Club in the Venetian in Las Vegas, Canyon Beachwear in Santa Monica, and the Faena Hotel in Miami Beach. In 2021, the company generated annual revenue of $11 million.
Competitors of Tutublue
There are various companies working with sun protection, including Solbar Suncare, Bare Republic, and Finester.
Net Worth of Tutublue
During the pitch the valuation of the company was $800,000 due to increase in sales of the company the valuation also have elevated.
What is Tutublue?
Tutublue is a range of full-body swimsuits that are meant to protect against sun damage.
The suit is comprised of a lightweight, resilient, breathable, and quick-drying Ultraviolet Protection Factor 50 protective fabric.
Tutublue is the company’s founder. When Sarah Buxton was diagnosed with melanoma, her doctor urged her to avoid sun exposure.
What is their offer on Shark Tank?
Sarah was seeking for $200,000 for 25% stake in her company.
Did she get an offer?
No, Sarah did not get any offer on shark tank.
What is the value of the business?
The value of the business was revealed to be $11 million in 2021.
Where are they now?
Tutublue are still active on Shark Tank, their team members are successful in making new contacts with their work on Shark tank.
They have expanded their company to different locations on both USA and Canada.
How are they different?
The full body swimsuits are for protecting the skin from UV rays or sunlight. They are made with a special fabric that helps to protect the skin for about 25 hours on water.
Tutublue will be able to protect your skin while you are swimming on the beach, on lakes or rivers, surfing or just playing around in water even when you are on vacation either in summer or winter.
How is the business model?
The business model of Tutublue is like any other business model. They make the product and sell the product to consumers.
Tutublue is a new company, they do not have any experience in running a company; they also do not have any contacts with people who work for big companies.
Where can you buy Tutublue?
One can buy Tutublue on Amazon and on their website.
Is safe to buy from them?
Yes, they are safe to buy from them. They are registered on Amazon.
If anyone wants to buy Tutublue, then just go to Amazon and they can buy it there.
How long does the time take for the product to get shipped?
The time taken for the product to get shipped is about 4–5 days. The company has their manufacturing facilities in Sacramento so their product will be delivered on time.
What is Sun Protective Clothing?
Sun protective clothing refers to any clothing that offer protection from the sun’s harmful UV radiation, preventing sunburns and skin damage, regardless of skin type or color.
Is a private or public?
Private companies are private for a reason. They have no external investors, and they make their money from selling the product to consumers only.
Can you test the product?
Yes, one can test the product. Anyone can buy a small piece of Tutublue for $15 and see how it looks on them. If one wants to buy big pieces of Tutublue then you should visit Amazon and search on there.
Which episode on Shark Tank was featured?
This episode was featured on Shark Tank in its Season 7 Episode 18.
What is the deal with the bathing suit?
Tutublue is the new family company of the founder Sarah Buxton. This suit will protect your skin against harmful UV rays, it is comfortable and breathable.
Is it good or bad?
Sarah’s product is not bad, but it is not worthy of a stake in her company. Tutublue is basically a full-body sun protective clothing for both men and women.
The protective fabric helps to protect your skin for about 25 hours on water. This clothing will allow you to enjoy your time in the ocean without exposing yourself to harmful UV rays.
It has no competition currently, so it should be able to get a good market share if promoted correctly.