What Happened to Tough Ties After the Shark Tank Pitch?
What is Tough Ties?
Tough Ties are stain-resistant, machine-washable ties.
Who Is the Founder of Tough Ties?
It was established by Kevin Shoemaker and Skylar Bennett. As former commercial real estate brokers, the two men met at work.
Their jobs required them to dress professionally, but when they both became fathers, they discovered a painful reality: babies can rip ties.
Whether it was a minor drop or a full-on puke, the guys had a hard time keeping their ties clean.
As a consequence, they began to seek for a solution.
They sought for machine-washable ties everywhere but couldn’t find any.
They did, however, stumble upon an Arizona designer who helped them realize their dream of machine washable ties.
Tough Tie began selling items in 2017, and their range has now grown to include Tough Apparel.
In addition to ties, they sell belts, stockings, and, as a sign of the times, face masks. Stains are rare since the knots withstand liquid.
Continue to toss them in the washing machine if a stain appears.
They also include a microfiber cleaning tip for your spectacles.
A standard tie costs $30, while a custom tie (for a wedding or other special occasion) costs $50 plus a $20 setup fee.
What Happened to Tough Ties at the Shark Tank Pitch?
The men have quickly grown from ties to other goods, and they want to expand much more.
They’re trying to pique a Shark’s interest in their clothing and business concept.
Kevin and Skylar travel to Shark Tank with the hopes of receiving $100,000 in return for a 15% ownership in their company, which is valued at $666,666.66.
They tell their story, promote their product, and then hand out samples.
They made $208,000 in sales last year, and they’re on track to make $400,000. They put $43,000 of their own money into the business and are now owed $150,000.
They are looking for a Shark to assist them in getting out of their financial jam.
The only Shark who has made a bid is Robert, who is offering $100,000 for a 35 percent stake in the company, valuing it at $285,714.29.
They try to come to an agreement on 33.3 percent, but Robert is adamant. They ultimately come to an understanding with Robert.
What Happened to Tough Ties After the Shark Tank Pitch?
Tough Ties and Apparels are available in a wide range of styles and colours, with ties available in two lengths and four sizes. The company is very new and has made quite a stir in the market after a successful time on Shark Tank.
Robert’s contract never got finished. In the summer of 2021. The yearly revenue of the corporation is $4 million.
Tough Ties Net Worth
During the presentation, they requested $100,000 in return for 15% ownership, bringing the company’s worth to $666,666.66. They agreed to a $100,000 transaction in exchange for a 35 percent stake in the firm, valuing it at $258,714.29.
Tough Ties Competitors
In the market, there are various rivals, for example: Menswearhouse, My Stock Ties, Knotted Ties
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Tough Ties FAQS
What is the deal with washable ties?
Yes. Tough Ties can really be washed in a washing machine. To assure the greatest quality for them, they have a patent-pending design and regulate all parts of the supply chain.
A Tough Tie is absolutely unique, and cannot be compared to imitators who claim to be “washable” by hand washing them.
Tough Ties are made in a variety of ways.
To assure the greatest quality for them, they have a patent-pending design and regulate all parts of the supply chain.
How much are Tough Ties?
A plain tie costs $30, while a personalized tie costs $50 plus a $20 setup fee.
What does their service include?
They customize each order at Tough Apparel with a fully customizable design that includes name brand prints, logos, colours, and more.
How long does it take to get my order?
They will mail their item within 1-2 business days after receiving it. Depending on the shipping option selected and their location, the order will arrive in 2-6 days once it has been shipped.
What do they provide someone who buys a tie from their online store?
They create a one-of-a-kind design that can only be found on their premium website.
Can they wash their tie?
No. To assure the greatest quality for them, they have a patent-pending design and regulate all parts of the supply chain.
Can they cancel their order?
They are unable to cancel their order after it has been placed. After receiving their order, they have the option to return it.
Please contact them at [email protected] if they require any more assistance.
Are they able to customize ties without customizing them?
No. They can only personalize goods that they make, therefore any of the designs on their site are manufactured just for them.
They can also offer inventory created for other companies they represent, but only in the shape of their original design.
Who are the founders of Tough Ties?
Tough Ties was founded by Skylar Bennett and Kevin Shoemaker.
Where is Tough Ties located?
We’re in Mesa, Arizona, in the United States.
Who Are the Two New Fathers?
These are the ones. Kevin Shoemaker and Skylar Bennett met in college and co-founded Tough Tie in 2017.
What further features are available?
The ties also include a tail buttonhole that may be used to connect them to a button-up dress shirt, keeping the clothes close to the body.
What are the characteristics of a tie?
All of their ties are of excellent quality, including a microfiber patch on the back for cleaning stains from the tie, glasses, or phones.
What’s the deal with kids?
Drooling is difficult for children, which is why they regularly spit up on the person holding them.
What Are the Competitors’ Names?
Knotted Ties, Menswearhouse, and My Stock Ties are just a few of the market’s rivals.
What’s the deal at the Shark?
Only Robert has made an offer: $100,000 for a 35% interest in the company.
What exactly is Tough Ties?
It is a one-of-a-kind tie design that is machine washable, stain and liquid repellent, and has five times the stitching of normal ties. Microfiber tipping is also included, allowing customers to wipe their phone screens or spectacles.
What exactly is Tough Apparel?
It is a unique lifestyle brand that allows consumers to personalize their orders by selecting unique patterns and colours not found elsewhere.
What is the price of a face mask?
Face masks are now only $12 each.
What exactly is Tough Apparel?
They decided to branch out beyond ties and manufacture durable, creative, and attractive men’s clothes not long after changing the brand.
