Beardaments Shark Tank Update (Season 11)

Beardaments is a company that sells Christmas ornaments for Beards and was founded in 2015 by Jason McOmber. During Christmas, most people celebrate by wearing different outfits and doing some unique things to surprise their special people.

The Lighting Beards of Beardaments gives a unique outfit during Christmas and looks quite different from the rest of the people.

Jason went to the Ugly Sweater Party on Christmas night in Salt Lake City, Utah, and his friends began clipping items to his long beard. Beardaments was born out of this one incident.

In 2015 he started selling original beard ornaments, in 2016 he launched glitter beard products and in 2018 he launched Beardaments Lights. His glitter beard video became very popular on social media, together all social media went to 100 million+ views.

To expand the business and increase sales, Jason decides to appear on Shark Tank Season 11 Episode 9 and asks the sharks for $150,000 for 10% equity at a $1.5 Million Valuation.

What Is Beardaments?

Beardaments Salt Lake City, Utah base of a company that sells Christmas ornaments to Beards. This company sells light beards, glitter beards, light earrings, and hair ornaments for Christmas. The cost of all these Christmas ornaments is around $11-$18.

You can buy all these products from Amazon or the company website.

Company NameBeardaments
FounderJason McOmber
Founded2015
ProductChristmas Ornaments for Beards
Asked For$150k for 10% equity
Final Deal$150k for 25% equity
SharkKevin O'Leary Shark Tank Profile Kevin O’Leary
Episode (Shark Tank USA)S11 E9
Air DateDec 1, 2019
Business StatusIn Business
WebsiteVisit Website
HeadquartersSalt Lake City, Utah, US
Lifetime Worth (Sales)$3.4M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Beardaments?

The Founder & CEO of Beardaments Company is Jason McOmber, who is a salesman by profession. He worked as Vice President of Sales at Groove Satellite & Entertainment for 3 years. Currently, he is working in DSI Systems Inc. as Vice President of Enterprise Sales.

How Was The Shark Tank Pitch Of Beardaments?

Jason enters the Shark Tank with Santa and the Elf and asks the Sharks for $150k for 10% equity. Jason started this business with $1,500, he ordered products in bulk from China and listed these products online on Etsy and eBay.

He did $80,000 in sales in the first (2015) year, $155,000 in the second (2016) year, and $462k in the last (2018) year. He is projecting $600K to $700K in sales in 2019.

Kevin O’Leary offered $150K for 25% equity at a $600K valuation, and Jason immediately accepted the deal.

What Happened To Beardaments After Shark Tank?

Beardaments got the deal on Shark Tank by Kevin O’Leary. This episode of Shark Tank aired during Christmas and at the same time due to the Pandemic, Jason had to face the issue of investment.

This company sells base beard ornaments only on Christmas and the demand for these products is only during Christmas. After the Christmas season is over, the need for this product reduces.

Thousands of orders come from E-commerce sites like Amazon, eBay, Etsy, and more during Christmas and most people are satisfied with the quality of this product.

As of August 2023, the company’s website will see 1,000 visitors a month and this visitor could reach 100,000 during Christmas. Currently, the annual revenue of the company is $1 Million.

Beardaments Shark Tank Update

Not much information has been available since Christmas ornament company Beardaments received funding from Shark Tank. We are following Jason and his company for more information.

What Is the Net Worth of Beardaments?

Beardaments’ current worth is estimated at $1 million. This company is specially working on a niche product that is perfect for this business. This company generates 4X profit during Christmas.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2020-23$2M *estimated
2019$700k *estimated
2018$462k *estimated
2016$155k *estimated
2015$80K *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
Dec 2019$150kKevin O’Leary

Beardaments Company has been running since 2015, although Jason is currently working in DSI Systems Inc., he becomes active in this business at the time of Christmas.

The company is headquartered in Salt Lake City, Utah, United States, and employs 1-10 people, according to its LinkedIn profile.

Yes, Beardaments is still in business as of April 2024.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x