Let’s talk about Shell Bobbers Net Worth. Shell Bobbers are fishing bobbers constructed from empty shotgun shells. They are the creation of two childhood friends and entrepreneurs from Texas Jeff Stafford and Dusty Holloway. They pitched their business on Shark Tank in Season 4. At first, Jeff and Dusty were seeking $80,000 for a 20% stake in their business.
The prototype has received a lot of interest from outdoor stores, despite only having one thousand dollars in sales for their product. They thought they had a winner just because hunting and fishing are multi-million dollar industries. Lastly, Mark offered them $80,000 for 33% of the business. Shell bobbers’ net worth was roughly $240,000 at the time of their Shark Tank appearance.
What Are Shell Bobbers?
The shell bobber is a one-of-a-kind shotgun shell fishing bobber that is used to catch fish. It is loved by almost every fish hunter because it is made up of real 12 gauge shotgun shells. They were used for hunting and fishing and were recently featured on the Sportsman Shopping Network. Although Shell Bobbbers holds a different and new place in the market, just like any other business, it has competitors. Rapala, Eagle Claw, and Penn Fishing are some of them.
Shell Bobber on Shark Tank
The creators of the shell bobbers, Jeff Stafford and Dusty Holloway, entered Shark Tank in Season 4. They were seeking $80k for a 20% share of their business. With the royalty of 10% in perpetuity, Mr. Wonderful offered $80k for half of the business, with a 50-cent per-unit royalty until he gets his investment back. Dusty and Jeff turned the offer down. Since Robert doubts that the guys don’t have a real business, he goes out, and Daymond follows him.
Lori was hesitant but kind of intrigued. As a result, Mark offered the guys $80k for 33% of the business, indicating the guys were right not to go with Mr. Wonderful. Despite the fact that Lori wasn’t out yet, Mark wanted a response as soon as possible. The two entrepreneurs accepted Mark’s proposal.
Shell Bobbers After Shark Tank
After Shank Tank, Shell Bobbers got to go to 3000 stores with the help of Mark’s proposal. Unfortunately, Jeff and Dusty’s business of shell bobbers is currently out of business. Even though they had received a huge retailer’s demand for their prototype, they only had 1000 dollar sales. After the show, they were projecting it to $1 million in sales. Later in 2017, they were finally able to get to Walmart.
However, Jeff took a new job as a Chief Marketing Officer in Darwin, and slowly their business fell off. Shell Bobbers are now sold by the name of Fishing Ammo. As of right now, they are shown as unavailable on Amazon and are not sold at Walmart. Even though the marketing included various fishermen celebs, including the famous Duck Dynasty star Willie Robertson for advertising, the business still was not successful.
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What Is The Net Worth Of Shell Bobbers? What Are They Up To Now?
When Shell Bobbers appeared on Shark Tank, the net worth of their business was approximately $240,000. In their updated segment, they show their new facilities, employees, and their machinery. They also exclaimed proudly that they manufactured their products in the USA. They had made less than $1,00 in sales prior to the show. Shark Tank catapulted then into 7-11 stores throughout the country and, shortly after, Walmart. They eventually gained access to Walmart, which is a big deal for any business.
Stafford joined Darwin Automotive as Chief Marketing Officer in February 2017. Holloway’s surveying firm, which he’d been running since 2010, has never closed. The website of their business is no longer operational as of July 2021, and their social media accounts have not been updated since 2017. The items can still be found on Amazon but not at Walmart. This might be that they are simply selling on Amazon, or maybe this is a dormant business. The products are now shown as “currently unavailable” on Amazon as of June 2022. They appear to be out of business.
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