What Happened to Hill Billy After the Shark Tank Pitch?
What is Hill Billy?
The HillBilly Brand is a rural lifestyle clothing company that sells anything from t-shirts to hunting equipment.
Men’s and women’s country wear includes “redneck” T-shirts and tank tops, according to the HillBilly Brand.
The HillBilly Brand extended its product line to include trucker hats, other accessories, and even beverages.
Who Founded Hill Billy?
Mike Abbaticchio, the HillBilly brand’s creator and president, is a Florida native with a bachelor’s degree in business from Nova Southeastern University.
Shon Lees, CEO and co-founder, is a Floridian who attended Florida State University before launching two companies.
The HillBilly brand is still managed by Abbaticchio and Lees.
What Happened to Hill Billy at the Shark Tank Pitch?
Billy Brand entrepreneurs Mike Abbaticcho and Shon Lees came to Shark Tank seeking a $50,000 investment for a 25% stake in their fashion line of hats and t-shirts highlighting their brand’s ever-growing appeal. This represents a valuation of $200,000.
Participation in athletic events and live country western performances contributed the majority of money.
Sports Authority just bought the Hillbilly Brand, giving them significant bargaining leverage with the Sharks.
Sales are something that Robert Herjavec is interested in.
Abbaticchio and Lees responded that they had only sold $50,000 through events in the preceding 12 months and are on track to sell $60,000 by the end of the year.
They just signed a distribution agreement with Sports Authority and are now discussing other terms.
The Sharks challenge the men on valuation, but the men defend their $200,000 figure, citing sales and the value of their trademarks.
Kevin O’Leary, on the other hand, is unconvinced.
He believes that retail is a harsh sector. He’s already gone.
There are still four Sharks left.
Barbara Corcoran feels she lacks the licensing relationships required to help the guys market their business. She’s gotten away.
Robert Herjavec wants to know if Jeff Foxworthy would join the deal, buy the brand outright, and license it.
Daymond John, the clothes tycoon, agrees with Foxworthy.
Herjavec repeats his offer: The brand costs $50,000, plus a 7% fee on licensed sales.
Abbaticchio and Lees make a counter-argument. They want $100,000, a 10% royalty, and the assurance that they will be able to repurchase the brand if it fails to sell.
The Sharks respond with a $75,000 wager for a 100% ownership and a 7% royalty on licensed sales. The males all agree. A Shark transaction has been place.
What Happened to Hill Billy After the Shark Tank Pitch?
The partners and the three Sharks were unable to reach an agreement, and the deal was eventually denied.
Despite the lack of a permanent Shark deal, the brand has risen to global recognition.
They’ve expanded their line to include women’s clothes and even their own iced tea brand. The company makes $1 million in income per year as of July 2021.
What is the Net Worth of Hill Billy?
Hill Billy Brand’s founders, Mike Abbaticcho and Shon Lees, approached Shark Tank for a $50,000 investment in exchange for a 25% stake. This represents a valuation of $200,000.
They accepted a $75,000 offer from the Sharks for 100% with a valuation of $75,000.
Who are the Competitors of Hill Billy?
There are no competitors listed under Competitors.
What Happened to Hold Your Haunches After the Shark Tank Pitch?
Hill Billy FAQS
What is Hill Billy?
The HillBilly Brand is a rural lifestyle clothing company that sells anything from t-shirts to hunting equipment.
Men’s and women’s country wear includes “redneck” T-shirts and tank tops, according to the HillBilly Brand.
The HillBilly Brand extended its product line to include trucker hats, other accessories, and even beverages.
Who Founded Hill Billy?
Hill Billy was founded by Mike Abbaticchio and Shon Lees.
What is Hill Billy’s revenue?
According to Mike Abbaticchio’s Shark Tank presentation, they’ve already made $50,000 in sales in the previous year.
Did Hill Billy get an investment from the Sharks?
They accepted a $75,000 offer from the Sharks for 100 percent plus a 7% royalty on licensed sales.
When was Hill Billy aired on Shark Tank?
Hill Billy was featured on Season 3 episode 4, aired on April 8, 2011.
What are their weaknesses of Hill Billy?
Hill Billy is a company founded by two people with no sales experience. Their worth is under $200,000, and they have little to no sales history.
How do Hill Billy make money?
Hill Billy Brand is a rural lifestyle clothing company that sells anything from t-shirts to hunting equipment. Men’s and women’s country wear includes “redneck” T-shirts and tank tops, according to the HillBilly Brand.
The HillBilly Brand extended its product line to include trucker hats, other accessories, and even beverages.
What happen to Hill Billy after the Sharks?
The HillBilly Brand is still in business today, with the same partners in charge.
They’ve gone beyond garments to include hats and accessories, beverages, and even children’s toys. They’ve also started selling their branded merchandise in other nations.
What are their Strengths?
Hill Billy is a well-known brand that has grown in popularity since its inception. They’ve also received high-profile celebrity sponsorships from Ozark Mountain Daredevils, Kenny Chesney, and Jeff Foxworthy, among others.
Who invested in Hill Billy?
Hill Billy was invested in by Robert, Daymond, and Foxworthy, however the owners eventually withdrew their investment.
How many people follow Hill Billy on Instagram?
As of July 2018, they have over 100,000 Instagram followers under the handle @hillbillybrand.
What does Hill Billy Brand offer?
The HillBilly Brand sells a whole range of country lifestyle attire, drinks, and items based on their “redneck” designs, including T-shirts, caps, accessories, and clothing for both men and women.
Is Hill Billy still in business?
Yes, Hill Billy is still in operation and is prospering as a company.
They have extended beyond garments to include hats and accessories, beverages, and even children’s toys.
They’ve also started selling their branded merchandise in other nations.
