What Happened to The Spooner Boards After Shark Tank?

What is The Spooner Boards?

The Spooner Freestyle is the most effective method for learning to surf, skateboard, and snowboard. You should practice all of your methods on any surface, inside or out! Children love sitting, standing, rocking, flipping, spinning, and sliding on this beautifully versatile training board.

Randy Putland founded The Spooner Company in 2007 while cleaning up the back of his San Diego surf shop.

The Spooner is not only a great balancing toy, but it is also a wonderful confidence booster for all board sports. The design allows the rider to learn the fundamentals of boarding, such as balance, stance, carves, and spins, in a safe environment.

Who is the founder of The Spooner Boards?

Randy Putland founded The Spooner Company in 2007 while cleaning up the back of his San Diego surf shop.

A sturdy plastic skateboard that may be used on any surface is the product. The product was created by happenstance in 2006.

Randy Putland, a surfer, needed to get rid of an old dog cage while cleaning out his surf store. While tearing apart the rigid plastic box, he inadvertently created the first prototype.

Mr. Miller observed the form, tried it out, and concluded that they were on to something. They were developing and selling the boards in the San Diego area in 2008, and they engaged Guymer to assist with marketing.

Before changing its attention to the physical education business in 2010, they sold 1200 Spooner Boards. They were soon in almost 5000 schools.

Things really took off when a teacher who also owned a few Learning Express stores put them on her shelves. The product was quickly accessible at over 100 Learning Express stores and was selling well.

They are currently available on Amazon as well as at hundreds of little toy stores. To far, over 500,000 units have been sold.

There are three models to choose from. The Freestyle is priced at $45 and is designed for youngsters under four feet tall. The Pro costs $55 and is intended for youngsters who are taller than average.

The Yard board costs $99 and works in the same way as a snowboard but without the need for snow. All of the items are extremely durable and made in the United States.

What Happened To The Spooner Boards At Shark Tank Pitch?

Bernie Miller and Ruben Guymer introduce Spooner Boards, their skateboard without wheels, in Shark Tank episode 27 of Season 7. The men are most likely seeking for a Shark to help them get access to huge box businesses.

When Bernie and Ruben entered the Shark Tank seeking for  $400,000 investment in return for a 16% stake in their business valued at $2.5 million, they are joined by a third partner, Randy Butler.

Before handing out samples to the Sharks, Ruben displays the Spooner and Yard board.

The Sharks were excited enough to start inquiring about sales and profit margins. They sold 1,100 boards for $50,000 in six weeks over the Christmas season.

The boards cost $45 and $55 respectively. The production costs for the small and large boards are $12 and $12.50, respectively.

Kevin O’Leary was delighted with his company’s profit margins. Sales were $1.73 million, with a projected $1.8 million for the year.

They’ve infiltrated 1,200 retail outlets. The three began advertising themselves through physical education classes and appearances at school activities. Over the years, the boards have been used in over 150,000 PE programs.

Profit for the company was $400,000 per year, which includes each partner’s $60,000 remuneration. The Sharks ponder what they can bring to the table with no debt and a healthy profit margin.

Ruben explains that they would want to bring on board a Shark. They would like to extend their horizons. They went to the New York Toy Fair and had the opportunity to work at Toys ‘R’ Us, but they were afraid about overextending themselves.

With the aid of a Shark, they’d be able to enter the large box retailers. According to Robert Herjavec, bringing in an investor affects the character of the organization since the investor has an extra commitment.

Mark Cuban agreed, noting a previous endeavor called Surf Set Fitness. The owners were so surprised by the change in their company’s operations that they bought out their Shark partners in order to return the organization to a more leisurely pace.

Mark feels that those entrepreneurs were not equipped to make that decision, and he believes that the Spooner Board members are not either.

Barbara entered the room with an offer. She’s willing to put up $200,000 in return for 8% equity, but they’ll need a second Shark to fund the other half of the deal. She’s thrown down the challenge for her Sharks colleagues.

Kevin O’Leary counters with an offer. He feels that Spooner Boards requires more funding than a Shark partner.

He was prepared to make them an offer of $400,000 in $100,000 increments. He plans to charge $2 for each board sold until the debt was returned at twice the original amount, a total of $800,000.

In the case of a takeover, he’d like a 3% equity stake but no voting rights, allowing the trio to run the company as they see fit.

While Kevin was working on his contract, Barbara and Mark Cuban conspired. Mark accepts Barbara’s offer because of his excitement for Power Paddle.

He feels that the collaboration would benefit both companies. Lori Greiner has an offer for the three people who were then on the spot. She was unable to complete her assignment.

They accept Barbara and Mark’s offers of $200,000 for 16% equity shares and 8% equity shares, respectively, before hearing Lori’s offer, and exit the Shark Tank with a deal.

What Happened to the Spooner Boards After Shark Tank?

The deal with Mark and Barbara fell through after the three friends left the field with an offer from two Sharks, but the Spooner Board guys look to be on the right track.

The boards are still available on their website at the Shark Tank cost, with extra accessories readily added.

Subfloor Liquid Tiles, which are color shifting mats that engage both toddlers and adults, are a new product. They’ve even secured shelf space at big-box stores, such as Walmart and other retailers.

As of January 2022, the firm was still in existence and doing well, with yearly sales of $783,508.

The Spooner Boards’ Competitors

Flybar and Infinity Skateboarding look to be the Spooner Boards’ main competitors.

The Spooner Boards’ Net Worth

During and after the pitch, the firm was valued at $2.5 million; since then, the company has had yearly revenues of $783,508 as of January 2022.

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The Spooner Boards FAQs

Is there a warranty available with Spooner Boards?

Yes, the boards are backed by a lifetime warranty and the detailed information is available on their website.

What are the top 3 best-selling products by Spooner Board?

The top 3 best-selling products by Spooner Boards are listed below for your reference: Spök Board (the first product launched), Yard Board and Liquid Tiles.

Is there any guarantee or warranty when I purchase a Spooner Boards product?

Yes, all the products in Spooner Boards are backed with lifetime warranty and customers can contact them over their contact form to know more about the warranty policy.

What is the minimum quantity I will have to purchase in order to get free shipping?

All the orders above $249 will be eligible for free shipping.

What are the Spooner Boards products made of?

These boards are made of polyethylene through injection molding, and they are heat and cold resistant. These boards are suitable for both indoor and outdoor purposes.

Can I use the Spooner Boards for parties?

Yes! People can use the boards for parties; they can make it perfect by adding some cool decorations and some lights on it.

Can I get a refund if I decide not to keep the product?

No, unfortunately they cannot get a refund once customers have ordered a product from Spooner Boards.

How can I pay for my order on Spooner Boards?

Spooner Boards accepts all the common and secure payment methods such as PayPal, Credit card and debit card, e-check and check etc.

How much does it cost to ship a Spooner Board?

Spooner Boards charges $5 for domestic shipping.

Where does the Spooner Board ship from?

If customers are located in the US, the board will be shipped from their facility located in Florida. If they live outside US, the board will be shipped from their shipping warehouse in China.

The company is currently working on other warehouses that can ship directly to customers around the world, which will make it easier and faster for international customers to place an order.

Who are the target customers of The Spooner Boards?

The Spooner Boards are mainly targeted at teenagers, young adults and adults.

How long does it usually take for my order to arrive?

Spooner Boards ships the product in 2-3 business days and it will then take 5-7 business days to arrive depending upon the location.

How many colors does The Spooner Boards make?

Spooner Boards sell their boards and mats in two different colors: red and black.

How many years have The Spooner Boards been in business?

Spooner Boards have been running for a few years now. They are one of the best-selling products in Shark Tank, which speaks volumes about their products.

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