Tandem Boogie Shark Tank Update (Season 12)

The Tandem Boogie is an inflatable bodyboard designed for two riders. It features handles on the nose and rails, allowing both riders to hold on securely while enjoying their ride.

Measuring 51 x 34 x 4 inches and weighing 7 lbs, the board has a width of 34 inches, providing a comfortable experience for users.

Constructed from military-grade, high-density PVC material, the Tandem Boogie can withstand various weather conditions, chemicals, impacts, and scratches. Its strong yet soft design includes easy-to-grip handles, and it even has an option for installing a camera to capture every moment of your adventure. The design helps cut through waves effortlessly.

The board comes with a dual-stage pump and a backpack for easy transport, making it portable and suitable for travel, including flights.

Pricing for the products includes $299 for the bodyboard, $595 for the surfboard, $79 for adult hydro blade fins, and $995 for the Sit & Sup Kayak + Stand-up Paddleboard.

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Who Is The Founder Of Tandem Boogie?

Tandem Boogie is a family business founded by John and Manya, along with their friends Alleanna, Juliette, and Lyla, who assist in various roles.

Manya is an industrial engineer with 30 years of experience in manufacturing and operations. John is a marketing expert specializing in marketing and product development within the corporate sector.

Juliette serves as the CEO of the company, while Alleanna works as the community manager. Both are currently studying at the University of California, Berkeley. Lyla, also a student, is pursuing degrees in business and law while focusing on apparel and merchandise within the company.

How Was The Shark Tank Pitch Of Tandem Boogie?

The Clark family presented Tandem Boogie on Shark Tank, seeking $100,000 for 10% equity. During their pitch, they shared the product’s journey and sales report, along with a demonstration of how the bodyboards work.

In the first two months of operation, the business generated $43,000 in sales, with $31,000 coming from Kickstarter. Each board has a production cost of $150 and a selling price of $459, resulting in a profit margin of around 60%. John mentioned that the product is currently available in four retail stores.

He plans to expand globally by establishing 25 accounts this year, aiming to generate $300,000 in sales by year-end.

While Mark, Kevin, and Lori opted out of the deal, Robert and Daniel offered $100,000 for 35% equity. The Clark family countered with an offer of 30%, which Robert declined. Ultimately, they agreed to the 35% equity stake.

Tandem Boogie Shark Tank Update

The deal with Robert and Daniel for a 35% stake in Tandem Boogie was finalized. The company sells products in several countries, including Canada, Mexico, Europe, Japan, New Zealand, Australia, and Africa.

On Sunday, June 26, 2022, Tandem Boogie launched the “Tandem Surf Bodyboarding Contest,” featuring an online registration fee of $60. The company has also partnered with Surf Style, which operates in 60 large retail locations across the Southeastern United States and has expanded into new areas.

According to the Tandem Surf blog, many kids were seen using Tandem boards at a California bodyboarding camp.

Following their appearance on Shark Tank, Tandem Boogie introduced three new products: a surfboard, adult hydro blade fins, and a Sit & Sup kayak/stand-up paddleboard.

What Is The Tandem Boogie’s Net Worth?

Tandem Boogie’s net worth is estimated at $3 million. If you’re interested in purchasing Tandem Boogie products, they are available on Amazon and at Surf Style retail stores.