Beardaments Shark Tank Update

Beardaments Shark Tank Update 2023

Beardaments’ unique and festive facial hair decoration caught the Sharks’ and viewers’ attention when it was presented. But did the company survive the post-pandemic?

What is the Beardaments Shark Tank update? The Breadaments company’s owner asked for $150,000 for 10% of their company, but the sharks negotiated them to $150,000 for 25%. That was back in the year in 2019. Now, in 2023, the company is still running at full pace, and the annual revenue of this company is $1 million. Beardaments is still listed on Amazon with a 4.4 rating.

In this article, I will discuss Beardaments’ origins, Shark Tank appearance, and their developments over the years. So, let’s dig in!

Beardaments Shark Tank Profile

Here is a table I made to give you a quick overview of the business. So, without further ado, let’s dive in.

Company Name Beardaments
Founder Jason McOmber
Founded 2015
Product Beard Ornaments
Business Status In business
Episode (Shark Tank USA) Season 11, Episode 9
Asked For $150,000 for 10% equity
Final Deal $150,000 for 25% equity
Shark Kevin O’Leary
Net Worth $2.5 million (Estimated)
Air DateDecember 1, 2019
HeadquartersSalt Lake City, Utah, USA
Website Visit Website
Watch On Amazon Prime
Go To Amazon Amazon
InstagramVisit Instagram

Overview of Beardments Company  

Beardaments designs and sells festive beard accessories. Their miniature ornaments, lights, and tinsel are meant to be attached to one’s beard to create an amusing and eye-catching display. 

Overview of Beardments Company

Beardaments let people express themselves through their facial hair, making a bold and playful statement at holidays, costume parties, and other special occasions. These accessories make unique gifts for those with a sense of humor and an appeal for funky accessories.

Beardaments is known for its holiday-themed products, but it has expanded to serve more customers and events. Beardaments has built a community of people who enjoy celebrating life’s moments with festive facial hair by using social media and e-commerce platforms.

How Was Beardaments on Shark Tank?

Beardaments founder Jason McOmber appeared on Shark Tank. Beardaments Shark Tank episode was Season 11, Episode 9, on December 01, 2019. He asked for a $150,000 investment for 10% of his company stake. 

McOmber advertised his products with “Christmas ornaments for your beard.” His ornaments were Santa hats, snowflakes, and candy canes. He also sold glitter and lights for beards.

How Was Beardaments on Shark Tank

The Sharks liked McOmber’s sales statistics. The company’s sales were $80,000 in their first year, and sales were $460,000 in the year before his Shark Tank appearance. 

Kevin O’Leary offered $150,000 for 25% of his company. Finally, McOmber accepted his offer and has been his business partner since then.

What Happened To Beardaments After Shark Tank?

Beardaments after Shark Tanks have grown fast. Since appearing on the show, it has grown significantly. The company projected $600,000 to $700,000 in sales in 2019, and now it makes over $1 million. Cosmopolitan, Unilad, Good Morning America, and Pop Sugar have featured Beardaments.

Following Kevin O’Leary’s advice, founder Jason McOmber expanded the company’s product line. More beard ornaments, festive hair accessories for women, earrings, shirts, and sweaters are available at Beardaments. Besides Christmas, the company sells St. Patrick’s Day accessories.

What Happened To Beardaments After Shark Tank

McOmber has also increased sales with marketing and advertising. Amazon, Esty, Walmart, and Target sell Beardaments. Beardaments is growing towards a successful company. The Shark Tank and McOmber’s efforts made Beardaments a household name for beard ornaments and festive accessories.

Beardaments Net Worth

Beardaments is privately held, so its net worth is unknown. With over $1 million in annual revenue, the company’s net worth is estimated at $2.5 million.

The company’s net worth depends on its assets, liabilities, and growth potential, so this is an estimation. However, Beardaments is a growing company with a strong brand, so its net worth will likely rise in the future. 

As a 2015 startup, Beardaments is still young. It has had less time to build assets than older companies. The company’s rapid growth suggests a bright future for the company.

Beardaments Net Worth

Beardaments Sales Data

The company doesn’t disclose their sales for being a private company, but here are their detailed sales stats. This company has been skyrocketing since the year 2015.

YearSales in USD
201680,000
2017155,000
2018462,000
2019650,000
2020700,000

Is Beardaments Profitable Now?

The Beardaments today are still profitable. The company projected $600,000 to $700,000 in revenue in 2019, and now it has over $1 million. This represents over 40% annual growth. Beardaments founder Jason McOmber attributes the company’s profitability to several factors.

Is Beardaments Profitable Now

In recent years, Beardaments has seen strong sales growth. Beardaments has increased revenue and covered costs by expanding its product line to include beard ornaments, hair accessories for women, earrings, shirts, and sweaters. This has led to increased revenue and profit margins for the company. McOmber emphasizes cost control and minimizes expenses. This has drastically increased the company’s profits.

Conclusion

So I think, upon all the discussions in this article, we have a very clear idea of Beardaments update. Beardaments’ growth in a niche market is very impressive. This shows that if you have an impressive idea, even with a small customer base, you can succeed.

The owner McOmber’s effort & the advice from Kevin O’Leary made this company so successful. It also shows that Shark Tank investors are somewhat necessary to build a successful business. 

Sometimes, it is not how much a Shark is investing into your business; it is also about what changes they are bringing for the betterment of your business.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *