What Happened Bermies Swim Trunks After the Shark Tank Pitch?
What is Bermies Swim Trunks?
Bermies is a brand of men’s swimwear inspired by the brilliant and tropical colours of paradise. Bermies are composed of 90% polyester and 10% lycra.
They are light, comfortable, quick-drying, and non-chaffing due to the fabric. Bermies are very popular.
Board shorts are classified into two types: The Classics, which are somewhat shorter than conventional board shorts, and The Originals, which are slightly shorter than The Classics.
Both varieties are available in a wide variety of colours and patterns, including anchors and sea turtles.
He just launched a woman’s bikini collection that includes a Classic line for a “subtle yet seductive” appearance and a Cheeky line for “sass and style.” Men’s trunks cost $49.99, and bikinis cost $29.99.
Who is the Founder of Bermies Swim Trunks?
Uki Deane, an Argentinian entrepreneur, created Bermies Swim Trunks.
Uki Deane had the concept for Bermies while wearing over-the-top shorts. He liked the shorter European ones, but they were out of his price range.
He kept seeking his dream swim trunks, convinced that they were somewhere out there.
Then one day they materialized in front of him. He was in Buenos Aires for a pool party with friends, and some of the lads were dressed in rugby shorts.
Uki felt like he’d struck gold! He instantly started investigating what he needed to do to utilize the underlying notion of rugby shorts to develop stylish, comfortable, and cost-effective swim trunks.
He established his “lifestyle brand” in the first quarter of 2016 with a successful Kickstarter campaign that raised $28,959 on a $10,000 goal.
What happened to Bermie’s Swim Trunks during their Shark Tank pitch?
Uki comes on Shark Tank Season 9 Episode 24 looking for $200,000 in exchange for a 20% ownership in his firm. This translates to a $1 million valuation.
He’s merely wearing a bathing suit while he tells his story and makes his pitch.
When Robert inquires about the material, Uki admits that the majority of swimming suits are totally composed of polyester. Polyester dries rapidly and people become acclimated to it since it is a low-cost material.
He invested his whole life savings in the business! When he gives samples to the Sharks, they are surprised by the exceptional quality. They cost $49 each and $9.80 to make.
Daymond feels he should be trading at $6.50, and Uki believes he can do it through volume.
He generated $271,000 in revenue in his first year of business.
As of September, sales had hit $300,000, and he predicts a 20% increase.
Robert is curious about Bermies’ online presence. Approximately 80% of the company’s stock is sold to wholesalers. Only 20% of consumers do their shopping online.
His task is to collect inventory. He’s now a one-man show, and he needs help to move on to the next round.
Mark feels he must do more than 20% of his sales online. Uki concurs, but Mark maintains he hasn’t yet arrived and is the first Shark to go. Daymond claims to be everywhere; he’s gone.
Lori admires Uki’s energy and ambition, but the problem is that Bermies is in a densely populated neighbourhood. She is sorry for her absence, but she feels Uki has a lot of promise.
Robert is departing because he feels Uki did not spend enough time covering the business side of things.
Bethany enjoys Uki, but she fears the region will grow too crowded in the end, therefore she is the agreement’s last Shark. Uki Deane leaves Shark Tank after failing to find a buyer for Bermies.
What Became of Bermies Swim Trunks After the Shark Tank Pitch?
Bermies are $49 for a pair, and swim trunks come in sizes for men, women, and children.
Bermies swim trunks are not only available, but Uki has also began developing a range of accessories, which are presently confined to hats.
Bermies may also be purchased at Nordstrom Rack and Man Outfitters. They have also opened an Amazon store.
As of June 20, 2021, he has five employees and a $1 million annual revenue.
What is Bermies Swim Trunks’s Net Worth?
It has a net value of more than $1 million.
Who are the Competitors of Bermies Swim Trunks?
Bermies Swim Trunks does not have a competition.
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Bermies Swim Trunks FAQ
1. How do Bermies Swim Trunks develop?
Bermies Swim Trunks emerge from a desire to produce stylish, comfortable, and cost-effective swim trunks (for the beach, pool, and ocean) that couldn’t be located in Uki Deane’s home of Argentina, or anywhere else for that matter.
2. How do Bermies Swim Trunks compare to Bikini Village?
Bermies Swim Trunks is a better swim shorts company.
3. Who founded Bermies Swim Trunks?
Bermies Swim Trunks was founded by a man named Uki Deane.
4. Where can they purchase?
They can purchase them online on their website. Bermies may also be purchased at Nordstrom Rack, Man Outfitters and on Amazon store.
5. How much do they cost?
They cost $49.99 each, and they come in sizes for men.
6. What exactly is Bermies Swim Trunks?
The Bermies Swim Trunks are these swim trunks that have a very different look from other swim tanks.
They seem like a mix between a pant and shorts. They do not have a tie at the waist and they do not even come with pockets!
7. What is Bermies made of?
Bermies Swim Trunks are mostly made of Polyester. In fact, about 90% are made of this material.
8. How much was Uki Deane looking in the Tank?
He was looking for $200,000 for 20% of the company.
9. How much was given at the Shark Tank?
No deal was made as Uki did not make a good presentation.
10. What happened to Bermies after the Shark Tank?
Bermies swim trunks are not only available, but Uki has also begun developing a range of accessories, which are presently confined to hats.
11. What about Shipping to the United States?
Bermies pays ordinary shipping fees for purchases placed inside the United States. They employ DHL e-commerce which will reach at their door between 3 – 5 business days.
If consumers choose a speedier shipping option, they can pay an extra fee for Fedex 2 day shipping or Fedex 1 day shipping.
12. Is Bermies swim trunks still in business?
Yes, as of June 20, 2021, he has five employees and a $1 million annual revenue.
13. Can they return their Bermies?
They accept returns requests during the first 14 days after purchase. The item must be in its original condition to be eligible for an exchange.