Looking to get in shape but don’t have the time to hit the gym?
The Body Jac might just be the solution you need! This unique fitness device made its way onto Shark Tank, where it wowed investors with its innovative design and impressive results. But who are the masterminds behind this cutting-edge product, and how did they turn their passion for fitness into a thriving business?
In this blog, we’ll dive into the story of the Body Jac, its founders, and the business model that has made it a game-changer in the world of fitness.
Jack Barringer, a long-time entrepreneur well known as Cactus Jack, has never worked in a job as he was able to survive with his creative and innovative mind all along.
He had invented a gamut of products ranging from cleaning products to fishing gear, to sewing equipment. Even was successful and earned millions, also met along came hardship when his products were not so successful.
His new invention introduced here is, the Body Jac. The Body Jac invention aimed at making workouts a lot more comfortable experience while still having the same slimming results.
Body Jac at a glance:
| EPISODE No. | Season 1 Episode 5 |
| Idea | Push Up Stand |
| Founder | Cactus Jack (Jack Barringer) |
| ASKED FOR | $180,000 For 20% |
| ACCEPTED OFFER | $180,000 For 50% |
| SHARK | Kevin Harrington And Barbara Corcoran |
| BUSINESS STATUS | Out Of Business |
| WEBSITE | Body Jac |
Index:
Founders Story:
Barringer was definitely old and was a little on the heavier side. Various fitness experts have claimed that push-up is the best form of exercise but comes with a lot of pain on their wrists and joints in the body.
This led to the idea, whereby Barringer made this piece of exercise equipment so that he could do push-ups without putting so much stress on his shoulders and back. The Body Jac assists in keeping perfect form in order to perform the perfect push-up.
Barringer, after testing out the product, stated a regiment of three 8-minute workouts throughout the week will increase strength in addition to forming muscles in the arms, back, chest, and other parts of your body.
Though Cactus Jack is incredibly confident that the Body Jac will skyrocket successfully into the market, he wants to find investors into his product because of the financial ups and downs he has already experienced in life. So, it is because of this that he decides to take to ABC’s Shark Tank in hopes of finding someone to partner up with him.
Did Body Jac get a deal on Shark Tank?
Both Cactus Jack, his daughter, and the personal trainer enter the tank to seek an investment of $180,000 for a 20% stake. Robert and Kevin O’Leary came straight to the point that if you have earned millions then why do you need a $180,000 investment?
Jack explains that he earned them in his mid 30’s but lost them soon. Now he was interested in a business venture whereby he has shared risks. While Jack’s personal investment of $27,000 was not high enough to get assurance and they walked out.
Kevin Harrington confesses love for the product but was willing to invest only $90,000 and meanwhile Corcoran decides she is willing to match the offer by Kevin for the other $ 90,000, but with a condition. She wants Jack to personally use his own product and shed 30 pounds.
Daymond John also makes a pitch for the entire Cactus Jack business, post these discussions he eventually accepts Kevin and Corcoran’s offer happily. Celebrate it with a High-five with Corcoran on deal acceptance.
What Happened to Body Jac After Shark Tank?
Jack met the deadline by losing 30 pounds, by the deadline to seal the deal with Corcoran and Harrington. In the shark tank update episode 113, Kevin took Cactus Jack into a major infomercial trade show and launched Body Jac into success.
In 2012, things don’t work as expected between Jack and the Sharks. Barbara Corcoran publicly declares this was one of her worst deals. The Body Jac website was down and the product was not effective too.
Barbara tried to participate in some capacity till 2013, but could not work further. Due to the split from sharks, Jack was still in business till 2015 with Body Jac was available for sale. For now, the company is out of business.
Net worth and investors of the Body Jac:
At the time of the Shark tank deal, Body Jac was valued at around $360,000. In 2012, things don’t work as expected between Jack and the Sharks. Barbara Corcoran publicly declares this was one of her worst deals. The Body Jac website was down and the product was not effective too.
| Investor Name | Investment Type | Investment | Stake % | Valuation |
| Kevin Harrington and Barbara Corcoran | Angel | $180,000 | 50% | $360,000 |
Barbara Corcoran:
- She is a speaker and investor, author, and television personality.
- Appeared in all 12 seasons of Shark Tank.
- Invests in female businesses and has a net worth of $100 million
Kevin Harrington :
- American entrepreneur business executive.
- Sells millions of businesses and real estate properties.
Is Body Jac still in business?
Currently out of business. In 2012, things don’t work as expected between Jack and the Sharks. Barbara Corcoran publicly declares this was one of her worst deals. The Body Jac website was down and the product was not effective too.
Interesting facts :
- The body Jac was a product used by the inventor himself to lose the pounds he had gained.
- The website was discontinued after the selling of the product on the website.
- Barbara Corcoran said that it was the worst business deal she had ever made.
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What is Body Jac?
The Body Jac invention aimed at making workouts a lot more comfortable experience while still having the same slimming results.
Who founded Body Jac?
Jack Barringer, a long-time entrepreneur well known as Cactus Jack came up with Body Jac.