What Happened to The Caddy Girls after Shark Tank? The Caddy Girls Shark Tank Update
What is The Caddy Girls?
The Caddy Girls are an extraordinarily gorgeous network of female caddies situated in Myrtle Beach, South Carolina. They are available for hiring on a daily basis, as well as for charity competitions and business events.
They are frequently used for bachelor parties. While “the girls” model sexy bikinis for promotional materials, they work in golf attire. Having said that, they assure that their golf attire is “still quite attractive and adorable.”
Meghan Tarmey is a 2005 graduate of Central Carolina University who desired more for herself than working a minimum wage job to make ends meet after graduation.
Rather of working a handful of shifts at the neighborhood pub, Tarmey chose to establish her own business.
Who is the founder of The Caddy Girls?
Meghan Tarmey founded The Caddy Girls. Tarmey established The Caddy Girls in 2005 following her graduation from Coastal Carolina University; she was tired of bartending and desired to create her own business.
The Caddy Girls operate in 13 areas around the United States (including Hawaii). They market themselves as “a unique and enjoyable way to spend a day on the courses.”
All of the Caddy Girls are qualified by the Professional Caddies Association and, in addition to being attractive, are knowledgeable in club selection, course etiquette, distance calculation, and scorekeeping.
The Caddy Girls are available for tournaments, bachelor parties, and business events for $149 (plus tip).
What Happened to The Caddy Girls at Shark Tank pitch?
Meghan Tarmey aims to compete with a Shark when she pitches The Caddy Girls, her provocative women-only golf caddy service, in episode 605.
Meghan was seeking for a Shark to assist her with expanding her business internationally.
The part begins on a golf course in Myrtle Beach, with some Caddy Girls aiding a foursome. As a golf montage plays in the background, she discusses the service. Meghan’s goal is to have a presence in every golf market in the country.
She entered at the Shark Tank in a golf cart alongside another Caddy Girl, seeking $100,000 in exchange for a 20% stake in her firm, which worth $500,000.
She earned $148,000 in a year and $34,000 in a month. Meghan outlines the Sharks’ pricing structure: she charges $149 for a caddy and pays $100 to her gals.
Robert inquires as to why they are recruited, and she reveals that they perform all of the typical caddy duties.
According to her, four girls have been contracted to compete in the PGA National Championships. The strong business and she justifies her $500,000 valuation.
Lori observes several issues with the business and exits. Mark despises golf and has opted out.
Daymond appreciates the notion, but believes that there was too much work to be done, and he went out.
Robert believes that they were in the “hustle” stage, but because he does not believe that the venture was investor-worthy, he exited as well.
Mr. Wonderful was impressed with the presentation and offers $100,000 in exchange for 50% equity in the firm. He believes they could treble their revenue.
Lori asserts that the devil would provide her with a better offer. Meghan counters with a 40% stake in the company, but Mr. Wonderful declines.
Meghan believes that 50% was excessive; she hence declines the offer and exits the presentation without a deal.
What Happened to The Caddy Girls after Shark Tank?
In the show’s immediate aftermath, the business soared 400 percent. Over the years, they expanded to Arizona, Alabama, California, Connecticut, Florida, Georgia, Illinois, Massachusetts, Maryland, Minnesota, Mississippi, North Carolina, New Jersey, Nevada, New York, South Carolina, Tennessee, Texas, Virginia and Washington.
They will also travel to states where they don’t have a physical presence with two weeks’ notice.
As of February22021, the firm is still in operation with annual sales of $13 million.
Net Worth of The Caddy Girls
The company was valued at $500,000 during and after the pitch. Since then the company is still in business and hence the company net worth might have been more than that of pitch.
The Caddy Girls FAQs
What is The Caddy Girls?
The Caddy Girls is a beautiful female caddie’s service situated in Myrtle Beach, South Carolina. The Caddy Girls are available for hiring on a daily basis, as well as for charity competitions and business events.
Who is the founder?
The founder is Meghan Tarmey who owns The Caddy Girls.
How much was Meghan seeking on Shark Tank?
Meghan was seeking for $100,000 for 20% stake of her company valued at $500,000.
Did she have the deal?
No, she did not have the deal. Meghan refused to give up 50% equity.
Is The Caddy Girls still in business?
Yes, the business is still in business and has expanded to 13 areas in US and even to Hawaii.
Where are The Caddy Girls located?
They operate in more than 13 areas around the United States (including Hawaii).
What does The Caddy Girls do?
The caddies offer a service for female golfers who are looking for female caddies to help them through the day, as well as gents who can’t always find female caddies.
What are the prices of The Caddy Girls?
The Caddy Girls charge $149 per day and up to $500 per tournament or event. Spokesperson Meghan Tarmey explains that they “work out to be less than you’d pay a man” because of their low overhead costs.
What is the revenue of The Caddy Girls?
The company makes close to $13 million in annual revenue.
What is the target market of The Caddy Girls?
The Caddy Girls normally target female golfers.
What were the assets of The Caddy Girls?
The equipment includes golf carts, GPS equipment, scorecards, pencils and other caddy essentials.
What are The Caddy Girls Cancellation and Booking Fee Policy?
The Caddy Girls cancels and bookings fee is a flat rate of $100.
What golf courses do you work on?
The Caddy Girls work with most of the golf courses throughout the United States.
What is The Caddy Girls Business Model?
The business model of The Caddy Girls does not involve advertising. Instead, it is based on referrals by golfers and caddies, who are particularly fond of The Caddy Girls.
What shows up on my credit card?
When credit cards are used to pay for The Caddy Girls service, the business will send a receipt after each event.
What is The Caddy Girls’ Word of Mouth Strategy?
Word of mouth is the best way to market The Caddy Girls and it has been working out for them.
What are the payment methods for The Caddy Girls?
They also accept Venmo, PayPal, CashApp, Zelle, Check or Western Union.
Is The Caddy Girls best to use?
The Caddy Girls are best suited for golfers who are searching for female caddies to help them through the day.
What is The Caddy Girls’ Pricing strategy?
The company mainly charges on per event basis. They also have a day charge as well. Their pricing is very reasonable given their quality service.
Does The Caddy Girls have affiliate program?
The Caddy Girls does not have an affiliate program so far.
Who is the CEO of The Caddy Girls?
Meghan Tarmey is the CEO and founder of The Caddy Girls.
What is the net worth of Meghan Tarmey?
Meghan Tarmey has a net worth of approximately $1 million.