What Happened to Hargitt Marine Services after Shark Tank Pitch?

What is Hargitt Marine Services?

Hargitt Maritime Services is a nautical services company that specializes in towing, diving, and treasure hunting.

While this is a lofty goal, author Mark Hargitt has always had a romanticized vision of lost wealth and describes himself as an amateur naval historian.

He discovered a shipwreck in Alaska and was anxious to profit from it, but he needed additional funds to finish the project.

Hargitt Marine Services was founded by who?

Hargitt is a seasoned treasure hunter with years of experience locating riches on distant ocean bottoms.

He feels he has uncovered a valuable treasure and needs Shark financing to bring it to the surface and benefit from the discovery.

What Happened to Hargitt Marine Services on Shark Tank?

Hargitt appears on Shark Tank season 5 episode 29 in search of a $250,000 investment in exchange for a 25% ownership in the company. This translates to a $1 million valuation.

Mark puts the ore’s wholesale value at $2.5 million, assuming he can gather it all, there is no waste, and he has the requisite equipment.

Robert inquires as to how Mark arrived at this conclusion, which Mark claims was the product of much research. He describes himself as an “amateur nautical historian who has spent his whole life in the marine industry.”

Kevin asks if Mark is the only one who knows the location of the debris, which Mark dismisses, claiming that the Mariposa shipwreck is well-known.

The State of Alaska has granted Hargitt salvage rights. He feels that if he had the right tools and crew, he can clean up the entire tragedy in a week or two.

Barb, on the other hand, wonders whether there isn’t a true authority to whom treasure seekers like Mark may turn. Mark admits that this is correct and that Shark Tank is, in fact, “plan B.”

Mark acknowledges that his plan A is to do it manually, and his plan B is to take monies from his early retirement fund. He has saved half a million dollars to go toward the equipment.

Mark Cuban claims that he is frequently pitched treasure-hunting businesses, but he feels the risk is too great. He’s already gone.

Daymond John is enamoured with the “romanticism” of investing, but he lacks the essential expertise.

Robert Herjavec “enjoys diving,” although he is uncertain about his ability to profit from it.

Barb claims that the contract is improper for her since she would be of little to no help on the diving adventure.

She would have to absolutely trust Mark, but the transaction lacks erotic attraction, so she is out.

Kevin O’Leary thinks this is a fascinating narrative, but not a sure thing. There is an overabundance of danger. He isn’t joining him on the dive; he’s gone.

What Happened to Hargitt Marine Services Following Their Shark Tank Pitch?

Hargitt has little social media presence, no Hargitt Marine website, and no mention of the salvaged ship.

This salvage mission appears to have failed due to a lack of a Shark contract.

If Hargitt was successful in resurrecting his spacecraft, he did so quietly, collecting the benefits without fanfare.

It looks far more likely that the wreck is at the bottom of the Alaskan sea, patiently guarded by sharks with sharper fangs than Kevin O’Leary.

As of December 2021, Hargitt is still in the business of “derelict vessel clearing, beach clean-up, and subsea exploration.”

What is Hargitt Marine Services’ Net Worth?

Hargitt appears on Shark Tank season 5 episode 29 in search of a $250,000 investment in exchange for a 25% ownership in the company. This translates to a $1 million valuation.

Who are Hargitt Marine Services’ Competitors?

Mariposa shipwreck is a competitor of Hargitt Marine Services.

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Hargitt Marine Services FAQS

 

1. Is Hargitt Marine Services profitable?

Mark Hargitt is a seasoned treasure hunter with years of experience locating riches on distant ocean bottoms.

He feels he has uncovered a valuable treasure and need Shark financing to bring it to the surface and benefit from the discovery.

2. Is Hargitt Marine Services a scam?

No, Hargitt Maritime Services is a nautical services company that specializes in towing, diving, and treasure hunting.

3. Who founded Hargitt Maritime Services?

Mark Hargitt is the founder of the Company.

4. Is Hargitt Marine Services a franchise?

No, Hargitt Maritime Services is a nautical services company that specializes in towing, diving, and treasure hunting.

5. How much was Mark Hargitt seeking in the Tank?

Mark Hargitt was seeking $250,000 in exchange for 25% ownership of the business.

6. How much is Hargitt Maritime Services worth?

At the time of Shark Tank, Hargitt Marine Services is worth $1 million.

7. Who invested in Hargitt Maritime Services?

None of the Sharks were willing to invest in Hargitt Marine Services.

8. Is Hargitt Maritime Services still in business?

Yes, and the company is still active.

9. What happened to Hargitt Marine Services after the Shark Tank?

Hargitt was unsuccessful in raising a deal from the Sharks. He also didn’t win the Mariposa Shipwreck salvage contract as he thought about going out and salvaging the ship himself.

Mark Hargitt is still in business, but it is not clear if he went ahead and salvaged the ship.

10. When was Hargitt Marine Services featured on Shark Tank?

Hargitt entered Shark Tank on May 9th, 2014.

11. Where is Mark Hargitt from?

Hargitt is located in Anacortes, Washington, United States.

12. How can they contact Hargitt Marine Services?

They is no social media presence for Hargitt Marine Services.

13. How can they contact Hargitt Marine Services?

There is no available contact information for Hargitt Maritime Services.

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