Nice Pipes, a unique line of yoga-inspired leg and arm warmers, made a memorable appearance on Shark Tank in 2014. Founded by Lisa Binderow, a passionate yogi and entrepreneur, Nice Pipes offers a stylish and functional solution for keeping limbs warm during cold weather. In this blog post, we’ll take a closer look at Nice Pipes’ Shark Tank journey, their current business status, and the company’s net worth.
The Nice Pipes Pitch And Deal On Shark Tank
Lisa Binderow entered the Shark Tank seeking $100,000 for a 10% stake in her company. She impressed the Sharks with her innovative product line, which included arm warmers, knee-high leg warmers, and thigh-high leg warmers made from the same soft, stretchy material as yoga pants.
The Sharks were curious about the product costs, sales figures, and the proprietary nature of Nice Pipes. Lisa revealed that she had invested $300,000 in the business, including $65,000 worth of inventory. Despite the Sharks’ interest, Lisa left the tank without a deal, but her appearance on the show gave Nice Pipes a significant boost in exposure and sales.
Nice Pipes Is Still In Business
The company is still in business. As of August 2024, the company has generated an impressive $4.2 million in lifetime revenue. Lisa has successfully balanced running her business with teaching yoga classes and working as a lactation consultant.
Nice Pipes products are available on Amazon and in select yoga studios across the United States. The company offers a wide range of colors and patterns, with prices ranging from $32 for arm warmers to $46 for thigh-high leg warmers. The warmers provide mild compression, making them perfect for yoga, dance, and other fitness activities.
Nice Pipes Net Worth
While the exact net worth of Nice Pipes is not publicly disclosed, the company’s consistent growth and impressive lifetime revenue suggest a healthy financial position. Lisa’s successful management of the business, coupled with the unique and high-quality products offered by Nice Pipes, has contributed to the company’s ongoing success.
Overview Of Nice Pipes
Nice Pipes was born out of Lisa Binderow’s personal challenge of staying warm during cold New York winters while practicing yoga. Inspired by the idea of creating arm and leg warmers from the same material as her beloved yoga pants, Lisa launched Nice Pipes to provide fellow yogis with a stylish and functional solution to keep their limbs warm.
The company’s product line includes:
- Arm warmers
- Knee-high leg warmers
- Thigh-high leg warmers
Each product is made from soft, stretchy material that provides mild compression, making them ideal for yoga, dance, and other fitness activities. Nice Pipes offers a variety of colors and patterns to suit individual styles and preferences.
Conclusion
Nice Pipes’ journey from a simple idea to a successful yoga-inspired apparel brand is a testament to Lisa Binderow’s passion, dedication, and entrepreneurial spirit. Despite not securing a deal on Shark Tank, Nice Pipes has continued to grow and thrive, generating impressive revenue and building a loyal customer base.
As the company continues to expand, it’s clear that Nice Pipes has found its niche in the fitness and wellness industry, providing high-quality, functional, and stylish products for yoga enthusiasts and beyond.
