What Happened to Ski-Z after Shark Tank? Ski-Z Shark Tank Update

What is Ski-Z? Who is the founder of Ski-Z?

Ski-Z is a patented ski caddy created by Nick Palermo and Kyle Allen, which allows skiers to roll their skis on a wheeled strap rather than carrying them.

The product, which is manufactured by SkiJunk, LLC, is made of injection-molded nylon and attaches to two skis to make transportation easier.

Allen, a skier from Louisiana, came up with the idea for Ski-Z as a solution for carrying skis, and partnered with Palermo, an industrial engineer from the University of North Texas, to bring the product to fruition. Ski-Z is currently available in four colors and is priced at $21.95.

What Happened to Ski-Z at Shark Tank pitch?

On the Shark Tank Holiday Special episode 1012, Nick Palermo and Kyle Allen, the founders of Ski-Z, a ski wheel caddy, presented their product to the Sharks in hopes of securing an investment of $50,000 in exchange for a 15% stake in their company, which they valued at $333,333.

They shared that they had started the business in 2013 and generated $230,000 in revenue that year, but had put it on hold due to personal circumstances.

They had $350,000 in inventory and were in talks with a distributor, and projected sales of $575,000 for 2018.

Barbara Corcoran ultimately offered them $50,000 for 15% equity, and they accepted the deal, with an option for an additional $50,000 line of credit. Daymond John also offered $50,000 for 20% equity, but they went with Barbara’s offer.

What Happened to Ski-Z after Shark Tank?

After appearing on Shark Tank, Nick Palermo and Kyle Allen completed a deal with Barbara Corcoran. However, they did not make Ski-Z their primary focus in the following years. Kyle continued to run his other business, Global Vessel and Tank, and Nick continued to work in real estate in Colorado.

The company’s sales were reported to be around $200,000 per year in June 2021, but as of February 2022, the company is no longer in operation.

Net Worth of Ski-Z

Ski-Z’s net worth is not publicly available as the company is no longer operating. However, during their pitch on Shark Tank, the company was valued at $333,333 and Barbara Corcoran invested in the company at that valuation.

Ski-Z FAQs

What is Ski-Z?

Ski-Z is a patented ski caddy, a strap with a wheel that enables skiers to wheel their skis over the slopes rather than carrying them.

Who is the founder?

Ski-Z was founded by Nick Palermo and Kyle Allen.

How much did Ski-Z earn asked on Shark Tank?

They were seeking for $50,000 for 15% equity stake in the business, valued at $333,333.

How much did Ski-Z receive on Shark Tank?

They receive $50,000 for 15% equity shares of the company from Barbara Corcoran.

Is Ski-Z still in business?

The company is no longer in business as of February 2022.

What was the deal of Ski-Z on Shark Tank?

Where was Ski-Z located?

Ski-Z was a USA based firm.

Has Ski-Z been sold at Walmart?

Ski-Z users are able to roll over the snow with their skis without having to carry them. This patented device is lightweight and resistant to extreme temperatures. They are priced at $21.95

What sort of locations can you work on?

The industry seems to consist of three broad areas – car parking lots, golf courses and city recreational facilities.

How much does Ski-Z cost?

The cost of the product depends on how many customer buy. It’s $21.95 each and one pair can be found at Sport Chalet, REI, and Walmart.

What is Ski-Z made of?

The product is made of nylon and plastic.

Was Ski-Z shipping?

Yes, the product is in stock and ready to ship anywhere in the United States.

Does Ski-Z work on hard surfaces?

Yes, it works on any hard surface.

What is Ski-Z made from?

The manufacturer of Ski-Z didn’t reveal the material used to make their product. The device is lightweight and resistant to extreme temperatures.

Are Ski-Z returnable?

Ski-Z is not returnable, and there are no returns. Once the purchase is made and the product is shipped, there are no returns or exchanges possible. Once the company receives an order they formulate a quantity to be produced and then ship it out to them.

Was Ski-Z a scam?

Ski-Z is a genuine business, and it has been in business for a considerable time. The product is available in four colors: lime green, pink, red, and grey. It is lightweight and resistant to extreme temperatures.

What was the payment method accepted by Ski-Z?

The transmission of the money was done via a direct deposit.

Who was the target market of Ski-Z?

The target market was the residents of the United States.

What was the mission of Ski-Z?

Their mission is to provide recreational skiers with a way to carry their skis with them. It is lightweight, and it is resistant to extreme temperatures. It has been marketed for over a year in Canada.

How long was Ski-Z last when used?

The manufacturer didn’t reveal the durability of their product.

What was the production process of Ski-Z?

The manufacturers did not state the production process they used to create their product.

What was Ski-Z dimension?

The product is available in four colors: lime green, pink, red, and grey. The dimensions of the product are 11 inches long x 8 inches wide x 4 inches high.

What was the Shark Tank episode was Ski-Z?

Ski-Z was featured on Season 5 Episode 205 – The Sharks Strike Back.

Where are the founders now?

Nick Palermo is a successful entrepreneur and has founded several firms. His entrepreneurial ventures include global vessel, and tank, a global shipping company. The firm was started after he sold his previous firm Global Vessel Tank BMF international.

Later in 2012 Nick started investing in real estate in Colorado, a state he has lived for most of his life. Nick currently owns several properties in the Denver area that have been built and developed by his construction company Nick Palermo Development Inc.

What is the net worth of Nick Palermo?

The net worth of Nick Palermo is unknown.

What is the net worth of Kyle Allen?

The net worth of Kyle Allen is unknown.