The Clark family, a beach-loving bunch from Southern California, has always enjoyed spending time together in the sun and surf. However, they noticed a problem with traditional boogie boards – they could only be used by one person at a time, limiting the fun and togetherness of the experience. That’s when they came up with the idea for a two-person boogie board, allowing couples, friends, and family members to ride the waves side by side.
The Tandem Boogie Pitch And Deal On Shark Tank
The Clark family appeared on Season 12 of the popular TV show Shark Tank to pitch their innovative product, the Tandem Boogie board. They entered the tank seeking $100,000 for a 20% stake in their company.
The sharks were impressed with the concept and the family’s passion for their product. After some negotiation, Robert Herjavec and Daniel Lubetzky made a joint offer of $100,000 for 35% equity, which the Clarks accepted.
Is Tandem Boogie Still In Business?
The company formerly known as Tandem Boogie is still in business under its new name, TANDM Surf. The rebranding has allowed them to expand their product offerings and reach a wider audience of beach and water sports enthusiasts. The Clark family continues to run the business, bringing their passion for family fun and togetherness to the beach community.
Net Worth Of Tandem Boogie
While the exact net worth of TANDM Surf (formerly Tandem Boogie) is not publicly known, it’s clear that the company has grown since its appearance on Shark Tank. With the investment from Robert Herjavec and Daniel Lubetzky, as well as the expansion of their product line and rental services, TANDM Surf appears to be on a positive trajectory. The Clark family’s dedication to their business and their love for the beach lifestyle continue to drive the company forward.
Business Overview
At the time of their Shark Tank appearance, the Clark family had only been in business for two months but had already made significant progress. They had sold $43,000 worth of Tandem Boogie boards, with $31,000 coming from a successful Kickstarter campaign.
The boards were priced at $459 each and cost $150 to manufacture, leaving a healthy profit margin. The family’s future plans included expanding their online presence and getting their product into beach-related retail stores.
Conclusion
The Clark family’s journey from beach-loving inventors to successful entrepreneurs is an inspiring one. Their appearance on Shark Tank and the subsequent deal with Robert Herjavec and Daniel Lubetzky have helped propel their business to new heights. By rebranding to TANDM Surf and expanding their product offerings, the Clarks have positioned themselves as a major player in the beach and water sports industry.
Their commitment to bringing people together through fun and innovative products has resonated with customers and is sure to lead to continued success in the future. As more and more people discover the joy of tandem boogie boarding and other TANDM Surf products, the company’s impact on beach culture and family togetherness is sure to grow.
