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Airbedz Shark Tank Update

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Have you ever tried to camp out in your truck and had a hard time sleeping in the back. It’s time you tried to add an Airbedz mattress to your camping agenda. It’s time you tried the first-ever air mattress that we can attach to the back of the truck.

This product has a number of patents and comes in a variety of colors and sizes. the customers for this product are the fishers Off roaders and hunters Motorcross riders and many more. The company that created this product is Pittman products international which have its base in La Mirada, California. 

Airbedz at a glance:

Business ideaTruck bed air mattress
FounderJim Pittman
Asked for$250,000 for 15%
Accepted dealNo deal
SharksNo shark
Business statusIn business
EpisodeSeason 3 Episode 13
Website Airbedz
Buy on AmazonBuy Now!
Airbedz at a glance

  

Index:

Founder Story:

James Pittman is the proud and trusted owner and CEO of the company Pittman products. This company has created or manufactured a number of products that are designed to provide comfort, affordability, and ease of use for their customers. The mattresses they produce are for a range of purposes. The product they have created for the back of the truck is the truck air mattress they proudly call – Airbedz. The CEO and owner of the product Airbedz really believes in the product let’s see where it goes next?  

Did Airbedz get a deal on the Shark Tank?

James appears on shark tank seeking an investment of $250,000 for a 15% stake in his company, making the firm worth $1.7 million. For the demonstration, Jim climbs on top to demonstrate the heavy-duty material used to create the mattress. He believes the product is a big hit among customers and also knows well about the product they own so dearly.

The question asked by Robert is answered by saying that there is a $56 billion industry called the camping and outdoor recreation industry and it is worth this much yearly. Kevin wants to know whether the product they have created is different for all types of trucks. The answer is they have two products, one is a full-size 6-foot bed while the other is an 8-footbed. This means they don’t have a mattress for every model of truck.

Barbara wants to find out how easy is it to inflate and deflate the mattress. Here is the display of the pump that is inbuilt and how the inflation and deflation are done. The next part of the discussion is sales and the estimated figure for annual sales is $210,000, with average sales being the $220,000 mark asks for the figures. He tells the sharks that making mattresses costs around $50-60 while it retails for $200-$269. Ifs old in stores the cost retails at $125 to $140 per unit.

Barbara asks whether the product has been sold in apartments, the answer is yes, as to how many the answer is 1700 this year and 1600 last year. Kevin thinks it’s too niche, so he is out. Robert and Daymond left too. Mark is out too. Barbara is the one to offer $250,000 for a 50% stake in the company. Barbara is countered by James for 25% which makes Barbara leave. Unfortunately, James leaves with no deal.    

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What happened to Airbedz after Shark tank?

After appearing on shark tank the company asked for a lot of support from the experts for marketing the business ahead. In 2016 the company created its first website and made it work for the company. The website has included truck dealers and a checklist that helps find the Airbedz they require. The product Airbedz can be purchased online and in brick and mortar stores in 36 different states up to date. The prices for this product have dropped down a little bit and these prices can vary according to the retailer.

As of 2022 the company is surviving and has set the route to go ahead operational for a few more years. Airbedz is marketed in various configurations.

Product:

  • Airbedz is made from a fabric that is long-lasting and heavy-duty.
  • The product comes with an inbuilt twelve-volt air pump that allows you to easily inflate and deflate the mattress.
  • When it comes to charging there are two ways to go about it, they are:
  • Using the power outlet
  • Using the cigarette lighter in the car when driving.
  • Available in two accommodative sizes, one is 6 inches and the other is 8 inches.
  • Fits in the full-back area of the truck where usually the cargo is kept.
  • Has an integrated air coil system that evenly distributes the weight.
  • It is a 12-inch thick mattress.
  • The cost of Airbedz products ranges from $200 to $269.

Competitors Of Airbedz:

These are the competitors of Airbedz:

  • Sound asleep
  • Intex
  • Enerplex
  • Insta bed
  • Englander
  • Lazery and many more.

What is the net worth of Airbedz?

The net worth of the company once it reached the shark tank was $1.7 million. Now as of Jan 2022 the annual revenue of the company is $1.7 million which would immediately increase its valuation of this company.

Is Airbedz still in business?

The company has gone to the battlefield legally but there is no information about the results or outcome of it. The company is still functional today and Is doing quite well as a company. The Airbedz product line has introduced many new products to it and they have started to sell the products. The future of this company might be short-lived but they still have done great things for themselves and their customers.

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FAQs:

What is Airbedz?

Airbedz is a Truck bed air mattress. This product has a number of patents and comes in a variety of colors and sizes. the customers for this product are the fishers Off roaders and hunters Motorcross riders and many more.

Who founded Airbedz?

James Pittman is the proud and trusted owner and CEO of the company Pittman products. This company has created or manufactured a number of products that are designed to provide comfort, affordability, and ease of use for their customers.

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