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Spooner Boards made a splash on Shark Tank in Season 7, Episode 27, captivating the sharks with their innovative skateboard without wheels. The founders, Bernie Miller, Randy Putland, and Ruben Guymer, showcased their unique product and secured a deal with two of the sharks, Mark Cuban and Barbara Corcoran. Since their memorable appearance on the show, Spooner Boards has achieved remarkable success and has become a prominent player in the board sports training market.
Key Takeaways:
- Spooner Boards appeared on Shark Tank in Season 7, Episode 27.
- Founders Bernie Miller, Randy Putland, and Ruben Guymer pitched their innovative skateboard without wheels.
- They received an investment of $400,000 for 16% equity from Mark Cuban and Barbara Corcoran.
- Spooner Boards is valued at $2.5 million.
- The company continues to thrive and is expanding its retail presence.
About Spooner Boards
Spooner Boards is a company that specializes in manufacturing versatile training boards for various board sports. These specialty boards can be used for surfing, skateboarding, and snowboarding practices, allowing enthusiasts to train and improve their skills on any surface, whether indoors or outdoors.
The core concept behind Spooner Boards is to provide a fun and practical way for children to learn balance. By engaging in play-based activities with these training boards, children can develop their coordination and stability while enjoying the thrill of board sports.
Spooner Boards offers three models to cater to different age groups and purposes:
- Freestyle: This model is designed for younger children and beginners who are just starting their board sports journey. It provides a stable platform for developing balance and core strength.
- Pro: The Pro model is ideal for intermediate and advanced riders who want to enhance their skills and tackle more challenging maneuvers. It offers a higher degree of flexibility, allowing for greater control and freedom of movement.
- Yardboard: Designed with older riders and adults in mind, the Yardboard is a larger and more robust training board. It is perfect for practicing tricks, spins, and maneuvers with a wider range of motion.
With their innovative design and durable construction, Spooner Boards’ specialty training boards are trusted by athletes, enthusiasts, and educators alike. These boards not only provide a thrilling experience but also promote physical fitness, coordination, and balance.
Whether you’re looking to improve your skills or introduce your child to the world of board sports, Spooner Boards offers the perfect training tools for all ages and abilities.
Spooner Boards Models
| Model | Description |
|---|---|
| Freestyle | Designed for younger children and beginners |
| Pro | Ideal for intermediate and advanced riders |
| Yardboard | Designed for older riders and adults |
The Shark Tank Pitch
During their appearance on Shark Tank, the founders of Spooner Boards had the opportunity to present their innovative products and discuss their financial achievements. With $50,000 worth of boards sold, retailing for $45-$55 each and costing $12 to produce, the company had already made significant progress in the market. In the previous year alone, Spooner Boards achieved impressive sales of $1.73 million and had established its presence in 1,200 retail locations.
In order to fuel further growth and expansion, the founders requested an investment of $400,000 in exchange for 16% equity, effectively valuing the company at $2.5 million. The sharks, Mark Cuban and Barbara Corcoran, recognized the potential of Spooner Boards and made offers to support its future success.
“We believe in the vision and potential of Spooner Boards,” said Mark Cuban. “We see great opportunities for the company in the board sports training market.”
Ultimately, the founders accepted the offer made by Mark Cuban and Barbara Corcoran, securing the investment needed to take Spooner Boards to new heights. This partnership not only validated the company’s value but also provided the necessary resources and expertise to accelerate its growth.
“We are excited to join forces with Mark Cuban and Barbara Corcoran,” said the founders of Spooner Boards. “Their guidance and support will help us bring our innovative training boards to even more customers.”
| Financial Highlights: | |
|---|---|
| Sales of boards: | $50,000 worth |
| Retail price: | $45-$55 |
| Production cost: | $12 per board |
| Sales in the previous year: | $1.73 million |
| Retail locations: | 1,200 |
| Investment requested: | $400,000 for 16% equity |
| Valuation: | $2.5 million |
Post-Shark Tank Success
Since their appearance on Shark Tank, Spooner Boards has seen a significant boost in sales and has expanded their presence in retail outlets. The company’s annual revenue now stands at $2 million, and their team has grown to include 48 employees. Customers can easily find and purchase Spooner Boards products on popular platforms like Amazon, as well as through their official website.
Spooner Boards has also embraced innovation by introducing new products to their lineup. One notable addition is the Subfloor liquid tiles, which are color-changing mats that add an extra element of excitement and fun to the Spooner Boards experience.
With their continued growth and success, Spooner Boards has secured partnerships with major retail and Big Box stores, including a prominent presence in Walmart. This retail expansion has further solidified Spooner Boards’ position as a leader in the board sports training market.
| Retail Stores | Online Platforms |
|---|---|
| Walmart | Amazon |
| Target | SpoonerBoards.com |
| Dick’s Sporting Goods |
Spooner Boards Net Worth and Valuation
Spooner Boards entered the Shark Tank with a valuation of $2.5 million. After securing an investment from Mark Cuban and Barbara Corcoran, the company maintained the same valuation. Today, Spooner Boards is estimated to have a net worth of $2.5 million.
Despite the fluctuations in the business landscape, Spooner Boards has managed to sustain its valuation and build a solid net worth. This success can be attributed to the company’s innovative product offerings and strategic partnerships.
The valuation of $2.5 million reflects the growth potential and market demand for Spooner Boards’ specialty training boards. With a strong presence in the board sports training market, Spooner Boards has successfully positioned itself as a leader in the industry.
By continuously delivering high-quality products and catering to the needs of customers, Spooner Boards has solidified its net worth and positioned itself for further growth in the future.
Competitors and Market Position
Spooner Boards faces competition from several notable companies in the board sports training market. These competitors include Bemo Boards Co., ISLE Surf & SUP, Texas Board Sports, and Columbia Trading Co. Each of these companies offers their own unique take on board sports training equipment, creating a diverse and competitive market.
However, Spooner Boards has managed to establish itself as a leader in this industry with its versatile and innovative product offerings. The company’s boards are designed to be used for various board sports, such as surfing, skateboarding, and snowboarding, making them a popular choice among athletes and enthusiasts.
With their commitment to quality and functionality, Spooner Boards has gained a strong reputation among customers. Their boards are known for their durability, balance training capabilities, and adaptability to different surfaces, whether indoors or outdoors. This has allowed Spooner Boards to carve out a unique position in the market and attract a loyal customer base.
“Spooner Boards’ commitment to innovation and their wide range of board sports training options have helped them stand apart from their competitors. Their dedication to providing versatile and high-quality products has earned them a strong position in the market.”
—Industry Expert
By continually pushing the boundaries of what board sports training equipment can offer, Spooner Boards remains at the forefront of the industry. Their commitment to meeting the needs of athletes and enthusiasts alike has allowed them to maintain their market share and continue growing.
Spooner Boards Availability
Looking to get your hands on a Spooner Board? You’re in luck! These innovative training boards can be purchased from a variety of retail outlets, both physical stores and online platforms.
One convenient option is to buy Spooner Boards on Amazon. With just a few clicks, you can easily find and order the specific model you’re looking for.
If you prefer to visit a physical store and see the boards in person before making a purchase, you’ll be pleased to know that Spooner Boards can be found at many retail locations. Simply visit your local sporting goods store or specialty toy store to check them out.
When you buy Spooner Boards from these retail outlets, you can expect to find the product at the same prices as seen on Shark Tank. Plus, you’ll have the option to purchase optional accessories that enhance your Spooner Boards experience.
Don’t wait any longer – get your Spooner Board today and start enjoying the benefits of this versatile training tool!
| Where to Buy Spooner Boards | Available Accessories |
|---|---|
| Amazon | Various accessories to enhance your Spooner Boards experience |
| Physical retail stores | Optional accessories available for purchase |
Spooner Boards’ Continued Success
Spooner Boards, despite not closing a deal with Mark Cuban and Barbara Corcoran, continues to thrive and experience significant success and growth. The company’s innovative and versatile products have found a strong presence in the market, with sales in major retail stores.
With a loyal customer base and increasing demand, Spooner Boards has proven to be a success story in the board sports training industry. The company’s commitment to promoting balance, fun, and skill development has resonated with customers, driving its continuous growth.
As Spooner Boards expands its retail presence and reaches more customers, its future prospects remain promising. The company’s dedication to providing high-quality, practical training boards positions it for further success and establishes its position as a market leader.
| Key Success Factors | Growth Indicators |
|---|---|
| Innovative and versatile product range | Increasing sales and revenue |
| Loyal customer base | Expansion into major retail stores |
| Positive customer reviews and testimonials | Continued demand and market presence |
Spooner Boards in the Education Sector
Spooner Boards has revolutionized physical education training by integrating their innovative boards into the curriculum of 5,000 schools across the nation. These versatile boards are designed to teach children essential balance and coordination skills while making the learning process engaging and fun.
The integration of Spooner Boards into physical education classes has been met with enthusiasm from both educators and students. By incorporating practical learning experiences, Spooner Boards provide a unique opportunity for children to acquire valuable motor skills in an interactive manner.
Physical education is not just about traditional sports; it encompasses various activities and exercises that encourage overall physical development. Spooner Boards play a crucial role in enhancing the curriculum, providing a dynamic and inclusive approach to physical education training.
These specially designed boards allow students of all ages and abilities to explore the fundamentals of balance and coordination, which are essential for a wide range of physical activities. Whether it’s improving agility, core strength, or athletic performance, Spooner Boards are the perfect tool for enhancing the physical development of students.
Spooner Boards have transformed the way we teach balance and coordination skills in our physical education classes. Our students are not only having fun, but they are also gaining essential motor skills that will benefit them in various physical activities. It’s an incredible addition to our curriculum!
Furthermore, Spooner Boards are easily adaptable to different skill levels and can be used both indoors and outdoors, allowing for year-round physical education training in any environment. The boards’ versatility makes them suitable for a wide range of activities, including surfing, skateboarding, and snowboarding simulations.
Catering to diverse learning needs, Spooner Boards promote inclusivity in physical education classes, ensuring that every student has the opportunity to develop essential motor skills and boost their confidence in a supportive environment.
Benefits of Spooner Boards in Physical Education Training:
- Enhances balance and coordination skills
- Improves agility, core strength, and motor skills
- Promotes practical learning experiences in a fun and engaging way
- Encourages inclusivity and supports students of all abilities
- Adaptable to various skill levels and suitable for indoor and outdoor use
By incorporating Spooner Boards into their curriculum, schools are prioritizing physical education training and acknowledging the importance of equipping students with essential motor skills for a healthy and active lifestyle.
Spooner Boards Options and Accessories
If you’re looking for a versatile and fun training board, Spooner Boards has got you covered! With their range of models and optional accessories, you can customize your experience and take your skills to the next level.
Models for Every Age and Purpose
- Freestyle: Perfect for beginners and younger riders, the Freestyle model offers a stable and responsive platform for practicing balance and coordination. It’s designed for children ages 3 and up.
- Pro: The Pro model is built for more advanced riders and experienced athletes. With its larger size and increased maneuverability, it’s ideal for skateboarding, snowboarding, and even surfing enthusiasts.
- Yardboard: For those looking to take their training outdoors, the Yardboard offers a durable and weather-resistant option. It’s designed to withstand any surface, making it suitable for both indoor and outdoor use.
Each model comes with its own unique features and benefits, catering to different age groups and purposes. Whether you’re a beginner or a seasoned athlete, there’s a Spooner Board model that’s perfect for you.
Enhance Your Experience with Optional Accessories
To further enhance your training and maximize your performance, Spooner Boards also offers a range of optional accessories. These accessories are designed to complement your board and provide additional functionality and convenience.
“Spooner Boards has revolutionized the training board market with its innovative models and optional accessories. Their commitment to quality and performance ensures that riders of all ages can enjoy a safe and exhilarating experience.”
Some of the popular accessories include:
- Carrying Case: Keep your board protected and easily transport it wherever you go with a dedicated carrying case. The durable construction ensures that your board remains safe during travel.
- Grip Pads: Add extra traction and grip to your board with specially designed grip pads. They provide better control and stability, allowing you to perform tricks and maneuvers with confidence.
- Training DVD: If you’re new to training boards or want to learn new tricks, the training DVD is a valuable resource. It provides step-by-step instructions and demonstrations to help you improve your skills.
These accessories are designed to enhance your training experience and make it more enjoyable and convenient. Whether you want to protect your board, improve your grip, or learn new tricks, Spooner Boards has the right accessory for you.
As you can see, Spooner Boards offers a wide range of options and accessories to cater to different preferences and needs. Whether you’re a beginner or an advanced rider, you can find the perfect model and accessories to enhance your training and take your skills to new heights.
Spooner Boards Growth and Future Plans
Spooner Boards, a leading manufacturer of specialty training boards, has a bright future ahead. With its strong presence in major retail stores and a robust online presence, the company is well-positioned for continued success and expansion in the board sports training market.
As Spooner Boards continues to grow, it aims to reach even more customers with its innovative products. These versatile boards are designed to promote balance and fun, making them ideal for individuals of all ages and skill levels. Whether used for surfing, skateboarding, or snowboarding practices, Spooner Boards offers a range of models suited for different age groups and purposes.
Looking ahead, Spooner Boards plans to expand its product lineup and enter new markets. The company is committed to providing customers with top-quality training boards that enhance their skills and improve overall physical fitness. With a focus on practical learning and a dedication to customer satisfaction, Spooner Boards is dedicated to shaping the future of board sports training.
FAQ
When did Spooner Boards appear on Shark Tank?
Spooner Boards appeared on Shark Tank in Season 7, Episode 27.
Who are the founders of Spooner Boards?
The founders of Spooner Boards are Bernie Miller, Randy Putland, and Ruben Guymer.
What did the founders of Spooner Boards pitch on Shark Tank?
They pitched their skateboard without wheels.
Did Spooner Boards receive a deal on Shark Tank?
Yes, they accepted a deal from Mark Cuban and Barbara Corcoran.
What was the investment and equity offered by the founders of Spooner Boards on Shark Tank?
They asked for 0,000 for 16% equity.
What is the net worth of Spooner Boards?
Spooner Boards has a net worth of .5 million.
What type of boards does Spooner Boards manufacture?
Spooner Boards manufactures specialty boards used for surfing, skateboarding, and snowboarding practices on any surface.
How many models of boards does Spooner Boards offer?
Spooner Boards offers three models: Freestyle, Pro, and Yardboard.
Where can I purchase Spooner Boards?
Spooner Boards can be purchased from various retail outlets, including physical stores and online platforms like Amazon.
Does Spooner Boards have any optional accessories available?
Yes, customers can enhance their experience with optional accessories available for purchase.
How has Spooner Boards been successful post-Shark Tank?
Spooner Boards has experienced an increase in sales and expanded into more retail outlets.
Can Spooner Boards be used in educational settings?
Yes, Spooner Boards are used in 5,000 schools as part of physical education classes to teach children balance and coordination skills.
What is Spooner Boards’ future plan?
Spooner Boards aims to reach even more customers and provide innovative products that promote balance and fun.
The post Spooner Boards Shark Tank – Founder, Net Worth and Investment appeared first on Zac Johnson.
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