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Caddy Girls Shark Tank Update

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Caddy Girls was introduced as “Golf Caddy Driving Girls”. The girls drive the golf caddies around various holes inside the golf court. The founder introduced this concept to offer people and its customers some more interest and excitement in playing golf by providing a girl that can drive and takes them to various spots inside the golf court.

The women who work in Caddy Girls are certified by the “Professional Caddies Association”. Also, they only get those girls in their business who have pretty faces, are well educated, and must be gentle with their customers. They also ensure that the girls have a good knowledge of this game such as: what is the distance of the hole from their point, the methods of scoring, etc. Caddy Girls provides their services in various tournaments, parties, and other large events.

Caddy Girls at a glance

SeasonSeason-06, Episode-05.
Business IdeaGolf Caddy Driving Girls.
FoundersMeghan Tarmey.
Asked For$100,000 for 20% of Equity.
Accepted Deal$000,000 for 00% of Equity.
SharksNo Sharks.
Business IdeaIn Business.
WebsiteCaddy Girls

Index:

Founder Story:

Caddy Girls was founded and developed by a young entrepreneur named “Meghan Tarmey” from Myrtle Beach. She has a graduation degree from “Coastal Carolina University” and after completing her graduation she didn’t want to work in any job for a piece of money and way more duties. Therefore, she planned to start her own business. She planned to do something new which have never been done yet.

Thus, she founded her very own company in 2005 with the name “Caddy Girls”. She started her company by providing services by herself to its customers. Later, many women come on board. She grew her business in various parts of their region and aims to expand her business in various parts of the country.

Did Caddy Girls get a Deal on Shark Tank?

Caddy Girls was broadcasted on ABC’s famous reality show Shark Tank on TV in Season 6 and Episode 5. The owner introduced her offering as a “caddy service in golf coast”. She also explained, her idea and the vision behind her business as she wants to provide a fun and cool experience to her customers from serviceable women. She builds a team of professionals as all the girls in her company is certified by Professional Caddies Association which is also very well-trained in playing golf.

She is well versatile in club selection, can easily keep eyes, mastered calculating the distance and keeping scores of different players. She is currently operating in 13 different markets of the Nation (including Hawaii). This is how she described her service line and asked for an investment of $100,000 in exchange for 50% of the equity of her company.

Sharks liked the idea and her service line and asked for charges for her service. She replied that she charges $149 plus a tip amount to hire a caddy girl who is available for any type of occasion like a tournament, bachelor’s party, and corporate events. She collectively made over $100,000 in sales and a month before the show, she made over $34,000 as revenue from sales. As she said, “We do the same things as a boy caddy do! But we Look Much Better Doing It”.

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Sharks were impressed by the sales figures. But, they didn’t find any relevant business in it. Robert said that she has to struggle all time to make a client and if the boys are already doing this very well then where do they fit into the market. Others were very tense about the future growth of her company as it mainly depends on Tournaments and Events that do not happen day to day.

Therefore, all sharks backed themselves except Kevin O’ Leary who offered her an investment of $100,000 but he wants 50% of her company. Other Sharks thought that this is a killing investment for her business also she personally didn’t like Kevin’s offer and rejected it and leaves the show without any deal.

What Happened to Caddy Girls after Shark Tank?

After the show, she receives a massive jump in the bookings of her service and her business has grown by 400% just by appearing on the Shark Tank show. She successfully operated various mega Tournaments and Events and became a hit in her business area. The bookings increased 3 times more till the show aired and she expanded her business in various other parts of America. She also launched her website to make online bookings, which also provides its customers a facility to choose from different caddy girls that one actually wants.

In the year 2015, she was supported by the “FM Foundation” which aims to inspire and empower women through their guidance and mentorship. She has successfully operated her business and managed her staff. As of the year 2022, she has an annual revenue of over $13 million.

Competitors of Caddy Girls

The concept of Caddy Girls is unique and interesting in Golf sports hence no competitors are found for Caddy girls in the Golf sports segment.

Net Worth of Caddy Girls

Caddy Girls was initially been valued at $500,000 business at the time of its Shark Tank appearance. But after the show, it gained huge love and support from people and the business has grown very sharply as it was generating a secure revenue of over $13 million annually. However, the data about their current valuation is not disclosed by them.

Is Caddy Girls Still in Business?

Yes, the company is still surviving in the business domain and doing great in its area as it has emerged as a major player in staffing and operating successful golf Tournaments and Events in America.

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FAQs:

What is Caddy Girls?

Caddy Girls was introduced as “Golf Caddy Driving Girls”. The girls drive the golf caddies around various holes inside the golf court. The founder introduced this concept to offer people and its customers some more interest and excitement in playing golf by providing a girl that can drive and takes them to various spots inside the golf court.

Who founded Caddy Girls?

Caddy Girls was founded and developed by a young entrepreneur named “Meghan Tarmey” from Myrtle Beach. She has a graduation degree from “Coastal Carolina University” and after completing her graduation she didn’t want to work in any job for a piece of money and way more duties.

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