Are you a lacrosse player who is fed up with the cheap quality training and practice lacrosse equipment in the market?
or do you intend to learn lacrosse yet cannot afford to go in the fields and want access to premium quality training equipment?
Well, here is your chance to do the same using Gladiator Lacrosse Equipment, a company that manufactures high-quality products at an affordable price and with strong and long-term durability.
Gladiator Lacrosse Equipment at a Glance:
| Idea | High-quality training equipment for the sport of lacrosse |
| Founders | Rachel Zietz |
| Asked For | $100,000 for 15% |
| Accepted Deal | None |
| Sharks | None |
| Business status | In Business |
| Episode No. | Season 7, Episode 28 |
| Buy On Amazon | Buy Now! |
Index:
What is Gladiator Lacrosse Equipment?
Gladiator Lacrosse Equipment is a company that manufactures training equipment for lacrosse players all throughout the country.
The equipment is made up of high-quality materials that make the equipment durable and resistant t wear and tear even when it is put to extensive daily use.
The company aims at providing quality training equipment to those lacrosse players who cannot afford to practice in proper fields yet but are also highly disappointed with the existing products in the markets that are of considerably cheap quality.
Founder Story:
Rachel, a fifteen-year-old girl who is also the founder of Gladiator Lacrosse Equipment is herself a Lacrosse player and her passion for the sport is what helped her start the business.
Growing up, her parents did not want her to break their belongings and so she bought a lacrosse goal and rebounder for practicing.
She could only watch hundreds of dollars drown in the water when her training tools fell apart within a matter of weeks.
This led her to sense a huge gap in the market and substantial demand for higher-quality lacrosse equipment. Hence, she came up with the idea of Gladiator Lacrosse Equipment.
Did Gladiator Lacrosse Equipment get a deal on Shark Tank?
Rachel came up on the stage with a demand of $100,000 for 15% equity in her company, evaluating the company to around $666k.
At first, her movements were stiff and the pitch looked as if she had gulped up paragraphs as it is but once she started getting in her groove, she started nailing her pitch as well.
She explained her financial data and demonstrated her product stating the fact that she hasn’t created anything new but better than the available alternatives.
She then claimed her sales to be around $300,000 and her profit margins were 74% for both goal and rebounder. She sought after the expertise of sharks and money to help expand her inventory and product line.
The sharks though impressed by Rachel’s time management abilities and her passion for business, some sharks were unable to directly relate to the product since they knew nothing about the product and some say that she does not require investment at this stage of business. Hence, Rachel has to walk empty-handed.
What happened to Gladiator Lacrosse Equipment after Shark Tank?
Before appearing on Shark Tank, Rachel was a fiercely competitive lacrosse player and is now a businesswoman of the same acumen.
She started the business at 13 years of age after she attended the Young Entrepreneurs Academy in Boca Raton where she raised $2700 for her business. She also borrowed $30,000 from her parents which was completely cleared even before she entered the tank.
Though the company was unable to grab a deal on the Tank, yet Rachel has left no stone unturned to be a successful businesswoman in this field.
As of June 2022, Gladiator Lacrosse Equipment is a flourishing business. It also has the honor of being the official goal of the 2018 FIL World Championships in Netanya, Israel.
The company has roped in star lacrosse player, Casey Powell as a brand ambassador to promote her product and is pretty active on Facebook with its updates.
Rachel also won a place in Forbes 30 under 30 with her sports expedition. The company is hence doing a great job in the marketplace and has managed to create a niche for its product.
Product Details:
- Gladiator Lacrosse Equipment has mainly two products- goals and rebounders.
- The rebounders are available for $160 on Amazon which is very similar to other competing products.
- The products are made from high-quality materials that resist wear and tear for a long time.
- The products are mainly focused on lacrosse players.
What is the Net Worth of Gladiator Lacrosse Equipment?
The company was valued at $667k during and after the pitch.
As of January 2022, the company has an estimated net worth of around $5 million and it will hopefully close the year with sales of $2.5 million.
Who are the main competitors of Gladiator Lacrosse Equipment?
The main competitors of the company are all those businesses and local vendors that sell sports goods for a compatible price in the market. Some of them are:
- Burghardt Sporting Goods Inc
- Athletic Stuff
- Franklin Sports
- Trigon Sports International
Is Gladiator Lacrosse Equipment still in business?
Yes, Gladiator Lacrosse Equipment is still in business and is thriving magnificently. The company is currently in talks with Walmart to expand its sales in its stores.
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FAQs:
What is Gladiator Lacrosse Equipment?
The company manufactures High-quality training equipment for the sport of lacrosse.
What's the net worth of Gladiator Lacrosse Equipment?
As of January,2022 the company has an estimated net worth of around $5 million.