Rapid Rope is a strong rope used for multi-purpose which comes with a shatterproof canister. This rapid rope business was founded in 2017 by Geanie Rogers and Chris Rogers. This is a family-owned business.
The Rogers family loved outdoor activities and often went camping, hunting, and fishing. Chris always used to keep a rope with him, but every time the rope used to get tangled and knotted, due to which he had to struggle to correct the ropes. Sometimes there was difficulty in cutting the rope, so he invented Rapid Rope as a solution.
To make the business bigger, the Rogers Family appeared on Shark Tank Season 11 Episode 12 and asked the Sharks for $200,000 for 20% equity at a $1 Million Valuation.
What is Rapid Rope?
Rapid Rope is a strong rope that comes with a shatterproof canister and includes a built-in rope cutter. With this tool, the rope is saved from getting tangled and cutting becomes much easier.
The company claims that this rope can withstand the weight of up to 1100 lb. 120 feet rope costs $24.95 which is available on Amazon and the company website.
|Company Name||Rapid Rope|
|Founder||Geanie Rogers and Chris Rogers|
|Product||Multi-use utility rope dispensing and cutting cannister|
|Asked For||$200k for 20% equity|
|Final Deal||$200k for 30% equity|
|Episode (Shark Tank USA)||S11 E12|
|Air Date||Jan 19, 2020|
|Business Status||In Business|
|Headquarters||Eagle, Idaho, US|
|Lifetime Worth (Sales)||$2.5M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Rapid Rope?
Rogers Family (Geanie Rogers and Chris Rogers) is the founder of Rapid Rope Company. This is a family business. Geanie is a nurse and Chris is a lineman.
How Was The Shark Tank Pitch Of Rapid Rope?
Geanie and Chris had chosen the zombie concept for the presentation of their product after entering Shark Tank. They asked the sharks for $200k for 20% equity. The business launched in 2017 and so far in 2019 has lifetime sales of $172,000 with 60% retail such as Duluth Trading and 40% online.
Retail cost is $24.95, wholesale cost is $14.97, and making cost is $5.65. Rohan Oza did not join the business but he promised to donate $10,000 to the school.
Barbara Corcoran offered $200k for 30% equity. Geanie countered 25% equity, but Barbara refused. Finally, they accepted Barbara’s offer.
What Happened To Rapid Rope After Shark Tank?
Rapid Rope gets a deal on Shark Tank. Barbara invested in this business and will also try to expand the business. As Rohan promised he would donate $10,000 to the school, he did.
After Shark Tank, Chris’s interview appeared on many channels and this gave a boost to their business. In October 2021, the company launched a new mini canister that comes with a 70 feet rope.
They participated in the Western Hunting Expo in February 2023. In June 2023, they partnered with American retail company Lowe’s Home Improvement. Rapid Rope is available at Lowe’s Home Improvement stores nationwide.
What’s new on Rapid Rope
Last Update: September 2, 2023
As of September 2023, the company’s lifetime sales are $2.5 million.
Rapid Rope Shark Tank Update
It has been many years since the Shark Tank episode of Rapid Rope aired but no official information has come from the Shark Tank show. If any information is available then you will get it on this post.
What Is the Net Worth of Rapid Rope?
Rapid Rope’s net worth is estimated at $1 million. The rope market size is estimated at USD 13.60 billion in 2023 and there is a lot of scope for growth of this industry in the coming times.
Is Rapid Rope Still In Business?
Rapid rope business has been running for many years and still, the business is actively going on. The product is still listed on the business’s shop site and is also being sold online on Amazon.
The official address of this business is Eagle, Idaho, United States and it employs 5-10 people.
Yes, Rapid Rope is Still in business as of September 2023.