Baubles And Soles Shark Tank Update

Baubles And Soles Shark Tank Update 

Baubles and Soles is an America-based customizable shoe brand for growing toddlers. These products were created by Lisa and Duc Nguyen, and the company needed more funding to increase sales and scale up among other competitors.

Baubles and Soles Shark Tank update, reveals that they featured on Shark Tank in Season 11, Episode 7 in 2019. The company sought $100,000 for 15% equity. Daymond John offered to invest $100k for 25% equity. They accepted the offer and gained good visibility, which increased their sales. 

As of January 2022, the company generated a yearly income of $207,672. In this article, we will dive into baubles and soles update, and the impact of Shark Tank on baubles and soles today in the market.

Baubles And Soles Shark Tank Profile

Was Baubles and Soles on Shark Tanks? Of course, they featured in 2019, season 11, episode 7 of the show.  Lisa Nguyen, CEO and founder of Baubles and Soles, co-founded the company with her husband, Duc Nguyen. After earning a Master of Laws from the University of Sydney, she led “Voice” for three years.

In 2017, Lisa T.D. Nguyen ventured into entrepreneurship due to her frustration with overspending on children’s shoes that her child quickly outgrew. Her company specializes in customizable kids’ shoes, allowing for interchangeable “baubles” to suit different occasions. 

Baubles And Soles Shark Tank Profile

These shoes can be transformed for various styles by easily switching out the unique, interlocking decorations. 

  • The patented product combines strength with a gentle, lightweight, and flexible quality ideal for children’s growing feet.
  •  It also includes a multi-bauble set.
  • A convenient peephole for easy wearing and integrated air holes for ventilation and water drainage.
  • Designed for safety, slip-resistant, and waterproof
  • Suitable for both machine washing and dishwasher cleaning.               

 Here is a brief overview of the shark tank update on Baubles And Soles.

Company name Baubles And Soles
FounderLisa and Duc Nguyen
Founded2017
ProductA customizable shoe brand for growing toddlers’
Asked for$100,000 for 15% 
Final Deal$100,000 for a 25% stake
SharkDaymond John 
EpisodeSeason 11, Episode 7 
Air dateNovember 10, 2019
Business statusStill in Business
WebsiteNot Available
HeadquartersHuntington Beach, California, 92649, United States
Buy ProductOn Amazon 
Net worth$1.7 million
Watch onAmazon Prime

Baubles And Soles Shark Tank Update.

In the Baubles and Soles Shark Tank episode, Lisa and Duc Nguyen appeared in Season 11 Episode 7 in 2019, seeking $100,000 for a 15% equity stake in their company. Their base shoe, including packaging, has an $11 cost, a $49.95 retail price, and wholesale for $25. 

In 2018, they achieved nearly $150,000 in sales, with 80% of their revenue coming from wholesale. They anticipated reaching $300,000 in sales in 2019. 

Baubles And Soles Shark Tank Update

The Sharks applauded the company’s product, mission, and value but expressed skepticism about its long-term viability due to intense competition in the industry. However, Lisa persevered and proposed a way to “de-risk” the deal. 

Inspired by her perseverance, Daymond John re-entered the conversation and offered $100,000 for 25% of the company. The couple decided to accept the offer, and since then, the company has been working successfully.

What Happened to the Baubles and Soles After Shark Tank?

After they went on the TV show Shark Tank, Baubles + Soles made a deal with businessman Daymond John. He gave them $100,000, and in return, he got a 25% stake in their company. In January 2022, the company was still running and making $207,672 every year. 

When they first talked about their company on the show, it was worth $666,667, but after Daymond John invested, it went down to $400,000. Baubles + Soles is still in business, and its main office is in Huntington Beach, California, in the United States. They have over 13,000 followers on their Instagram but have surprisingly low engagement. 

Despite the Shark Tank’s success, they encountered difficulties. The company faced competition in the shoe market and aimed to distinguish itself. They needed to expand their production and operations to meet the demand generated by their appearance on the show. 

At first, they began their company by making interchangeable shoes for children, but later on, they also added women’s shoes to their product line.

Baubles and Soles Competitors

Baubles and Soles face competition from other businesses in the market space, such as

  • Everything Is Rosey LLC
  • Wiggles & Giggles.
  • Darien News Store, Inc.
  • The Darien Sport Shop Incorporate

Baubles & Soles Sales Data

Here is the yearly sales data of the Toilet Timer by Katamco in tabular form:

YearsRevenue
2023Approximately $200k
2022Approximately $500k
2021Approximately $350k
2020Approximately $250k 
2019Approximately $300k 
2018Approximately $150k 

What Is the Net Worth of Baubles + Soles?

Baubles + Soles is currently valued at approximately $1.7 million. This impressive figure is a testament to the company’s growth and popularity. Among parents who are looking for a more convenient and cost-effective solution to their children’s shoe needs.

What Is the Net Worth of Baubles + Soles
As we venture further into the world of unique fashion and sustainability, let’s explore the latest updates on Sunflow in our Sunflow Shark Tank update. Discover how this eco-conscious company is making a positive impact. Additionally, for those interested in creative and innovative bath products, don’t miss our SoapSox Shark Tank update, where we delve into the latest developments in this imaginative venture.

Final Words

Lisa and Duc Nguyen were featured on Shark Tank Show season 11 episode 7, where they pitched their product, Baubles and Soles. They accepted Daymond John’s $100,000 investment for 25% equity

Baubles and Soles shoe brand is customizable, machine washable, interchangeable, fully recyclable, slip-resistant, and produced in America. The company’s appearance on Shark Tank gave them visibility and increased sales as well.

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