What Happened to Caddy Swag After Shark Tank?
What is Caddy Swag?
Caddy Swag is a firm that offers a cooler bag that fits inside a golf bag and can keep up to 4-6 cans of beer cold, depending on size. It also keeps bottled beverages, sandwiches, and snacks cool.
They also sell branded re-freezable ice packs and tailgating kits. They guarantee that the drinks will stay cold until the 18th hole.
Benjamin Fossey is the founder and CEO of Caddy Swag LLC, which he founded in 2006 and still runs today. Ben joined the company after graduating from East Carolina University with a degree in Communications and Media Studies.
During the years he’s been running the company as a side hustle, he’s worked as an account executive in a number of positions, usually dealing with freight and logistics.
According to his LinkedIn profile, he appears to have been in full-time leadership of the company since the middle of 2017.
Caddy Swag was founded by whom?
Caddy Swag LLC’s founder and CEO is Ben Fossey. In 2006, he founded the firm. Ben holds a bachelor’s degree in communications and media studies from East Carolina University.
Ben holds a bachelor’s degree in communications and media studies from East Carolina University. According to his LinkedIn profile, he has been running the company full-time since the middle of 2017.
The idea was born in a hot tub one evening while friends were relaxing before a golf tournament. They inquired as to if there was a way to keep beverages cool on the course without having to wait for the drinks cart or pay exorbitant course fees.
They were ready to market their notion within a year. The first 2,000 units were sold out in less than 60 days.
Caddy Swag’s Shark Tank Pitch: What Happened?
Melissa and Ben Fossey decide to propose their product to Shark Tank investors for help in creating and selling it, taking Caddy Swag’s marketing to the next level.
Ben and Mellisa enter the Shark Tank seeking $60,000 for a 20% stake in their business worth $300,000.
They go into the Shark Tank with a customized golf court, music blasting, and clearly having a wonderful time.
Melissa Fossey distinguishes two types of golfers: those who take the game seriously and work hard to improve and shave a swing or two off their score, and others she refers to as the Caddy Swag golfer, who comes to the course to mingle and have fun.
Ben talks about the Par Six cooler, which is small enough to fit inside the shoe bag. Each cooler contains a strip of gel frozen packs that slips snuggly into the side, keeping beverages cold during the 18-hole play.
The Fosseys deliver Shark Tank-themed coolers to the Sharks. Each year, the couple has been able to sell $15,000 in items exclusively via word of mouth.
Daymond John abruptly withdraws, stating he was not a golf fan. Although Robert Herjavec was a golfer, he argues that no courses allow players to bring their own beverages.
Kevin Harrington was interested in how they plan to use the money. Ben tells that they want to buy 10,000 gadgets for $3 apiece.
The leftover money would then be used in a marketing campaign aimed at building brand recognition among prospective customers.
Kevin Harrington says the product was lacking in “enough bite” to get the phone to ring. He went out.
Robert Herjavec believes the product does not bring enough value and will not sell. He also went out.
Barbara Corcoran had a different stance. She believes there was a demand for the items, but she believes the company was too small to warrant investment. She went out too.
Kevin O’Leary was suspicious of his ability to profit from the product. Kevin O’Leary was the last Shark to exits from the deal.
In a surprise twist, Ben Fossey quits the pitch without a deal and reclaims the Shark Tank promotional coolers from the Sharks before departing the stage.
Caddy Swag After Shark Tank: What Happened?
Despite the Shark’s reservations, the product was featured on several talk shows and is still available for purchase online.
While the Sharks were not fans of the Par Six cooler, it did produce enough income to keep Caddy Swag viable and thriving.
Caddy Swag has carved itself a place in the golf industry by expanding into the promotional market and producing customized cooler bags for businesses, promotional events, and even special occasions such as weddings.
They also sell their products on Amazon. The company is still in business as of November 2021, with annual sales ranging between $900,000 and $1 million.
Who are Caddy Swag’s competitors?
Caddy Swag is a company that makes ice packs for locations like picnic baskets and coolers in order to get a competitive advantage over its competition. CoolerPlugz and Kool Pops are two of their main competitors.
Caddy Swag’s Net worth
During and after the pitch, the firm was valued at $300,000; since then the company has an estimate net worth of $1 million.
Caddy Swag FAQs
Are Caddy Swag coolers reusable?
The ice packs can be used multiple times. The cooler is not reusable.
Does the cooler keep drinks warm?
No, the Par Six does not hold any heat, but it is perfect for keeping drinks cold at events and on the course.
What sizes are available?
The Par Six is available in a range of sizes: 8 oz., 16 oz., 24 oz. and 32 oz.
How much do they cost?
Prices vary depending on size of the cooler, but the average price is approximately $25.
Are there any coupons available for Caddy Swag?
Caddy Swag does not offer any coupons or other specials at this time.
What are the dimensions?
The cooler dimensions are approximately 6″ x 8.5″ x 14″.
How long does it take to arrive?
It typically takes about 2 weeks before the products ship, but it may take longer during peak times and holidays.
How long does it take for delivery?
Most orders are delivered within 2-3 days, but larger orders may take up to 5 days. For more information about Caddy Swag, visit their website at www.caddyswag.com
Can I order Caddy Swag through the Caddy Swag website?
No. Caddy Swag products are only available directly through their website. In order to place an order, customers must call them by phone or send them an email at [email protected]
Can I order from Amazon?
No, orders can only be made directly from their website.
Are there any promotions?
No. Caddy Swag does not offer any discounts for the company’s products or order information.
What is the return policy from Caddy Swag?
Caddy Swag has a generous 30-day money-back guarantee with all their merchandise, including the Par Six cooler, which can be returned for any reason within 30 days of purchase. They must be carefully packaged and in new condition to receive a refund.