Manscaped Shark Tank Update

Manscaped Shark Tank Update: An Overview Of Their Present Business Condition 

In every season of Shark Tank, many brands appear with their products and proposals, but only a few can make deals with Sharks. Like this, Manscaped also made an appearance on this platform, but was Manscaped on Shark Tank successful?

What is the Manscaped Shark Tank update? Even After getting a deal from two sharks, this brand never materializes their deal. Instead, they focused on their marketing and made their products available on Amazon, Target, Walgreens, etc. Currently, this company is worth almost $1 billion.

In this article, we will give you an idea about what happened to Manscaped after the shark. You will also learn about their net worth and profitability at present. Thus, keep reading to know in detail.

Table: Manscaped Shark Tank Profile

Manscaped Shark Tank

Here is a short overview of the Manscaped Shark Tank profile:

Company NameManscaped 
FounderPaul Tran, Steve King, and Josh King 
Founded2016
Company TypePrivate company 
Product TypeMen’s grooming products
Asked For$500,000 for 7% equity
Final Deal$500,000 for 25% equity
SharkLori Greiner and Mark Cuban
Episode Season 10; Episode 4
Airing DateOctober 28, 2018
See Episode Amazon Prime
Business ConditionIn business 
Website Official site
Headquarters San Diego, California, USA
Lifetime Worth$1 billion
Buy Products On Amazon, Walgreens

What Happened To Manscaped After Shark Tank?

In 2016, Paul Tran founded this company with a $400 investment from a generous investor. Josh King and Steve King were his business partners and came to the Shark Tank in 2018. 

If you check their appearance episode, you will find that the cost of making their product package was $12. Though they used to sell that product package at $52, the customer acquisition cost was around $16. Due to these high acquisition costs, two sharks stepped out from making a deal. 

What Happened To Manscaped After Shark Tank

Luckily, Josh and Steve King succeeded in making a deal of $500k in $25% equity with two sharks named Lori Greiner and Mark Cuban. But, this company never materializes their deal with the sharks. 

Yet, their business kept growing after the  Manscaped Shark Tank episode as they got exposure to vast numbers of customers. Their brand became one of the most famous and popular Manscaping product brands. Thus, their online sales also increased more than ever before. 

Whereas their annual net sale was $1.5 million in 2017, after their appearance in The Shark Tank, it increased by almost $100 million. Here are some activities of  Manscaped after the Shark Tank:

  • They raised their funds by millions and have a business combination deal with Bright Light Venture Capital.
  • Authorities of this brand also invest a lot in their marketing and advertising campaigns.
  • They also have UFC fighter McGregor as their brand ambassador.
  • Several media, magazines, and TV shows also featured them, increasing this brand’s popularity.
  • Also, Saturday Night Live’s Peter Davidson is now their spokesman and main investor.
  • Now, you can also find more new additions in their product list, like “Ultra-premium collection”, lip balm, deodorant, etc.
  • Alongside their website, they also have a retail partnership with Amazon and Walgreen now. 
  • At present, you will find this company has almost 594k, 166k, and 54.2k followers on Instagram, Facebook, and Twitter, respectively.

What Is The Manscaped Net Worth?

When Josh King and Steve King Came to The Shark Tank, their company’s net worth was around $2 million. But, after gaining popularity from the platform, their business keeps growing. 

The reason is this brand’s community has introduced many innovative products to its customers and keeps engaging with customers through social media platforms. Besides, you may also get special offers on occasion on their official website. 

Not only their website, but you can also find their products on Amazon, Target, Best Buy, Walgreens, etc. platforms. These ensured the worldwide availability of their products. 

What Is The Manscaped Net Worth

Though the initial investment for this company was  $400k, the Manscaped today is worth almost $1 billion due to its worldwide sales. Generally, this became possible due to their investment in marketing and advertising campaigning. 

Also, they keep introducing new, reliable, and efficient product lines that will keep ensuring their business growth. 

Manscaped Sales Data 

Let’s see an overview of the sales of this brand over the last two years:

Criteria In 2020(Million)In 2021(Million)
Net sales$210.7 $297.2
Gross profit$143.9$105.2
Total operating expenses $157.5$453.2
Loss from operations $52.23$309.4
Loss before income tax$52.62$313.2
Net loss $54.18$315.5

According to the report, the total sales of 2022 were estimated at $305 million.

Is Manscaped Profitable Now?

Upon going through this brand’s sales report, you can find that in 2020 and 2021, their net loss was $54.18 and $315.5, respectively. If you notice carefully, the COVID-19 pandemic has amplified the uncertainty factors and caused this substantial net loss of this business.

Yet, in those years, their adjusted EBITDA was $4.9 million and $5.2 million, respectively. Generally, a positive EBITDA value means the company is making more money than its cost. 

As the annual EBITDA value of 2020 and 2021 was positive, you can say this brand is profitable. Besides, according to Manscaped update, this brand community estimated their annual EBITDA in 2022 will be around $ 13 million.

Is Manscaped Profitable Now
If you’re interested in more Shark Tank updates, be sure to check out our articles on Millet Tots and Grind. Our Millet Tots Shark Tank update features the healthy and delicious alternative to traditional tater tots that caught the attention of the Sharks. Additionally, our Grind Shark Tank update showcases the innovative coffee grinder company that impressed the investors with their unique product. Discover the stories behind these entrepreneurs and their experiences on Shark Tank.

Conclusion 

Though the Mascaped was a small and local brand before, it gained worldwide popularity after its appearance in Shark Tank. Throughout the article, we already gave you a Manscaped Shark Tank update. After gaining popularity from this platform, they raised funds and invested in marketing.

You can watch their Shark Tank episode on Amazon Prime; also, find news and shows where they get featured. Now, this company is worth almost $ 1 billion, and its latest EBITDA was around $13 million. Interestingly, the demand for their product is getting high every day; thus, their business also keeps growing.

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