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Kronos Putter Shark Tank Update

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Golf the leisure sport or the rich man’s sport as it is called in many countries has got its own golden rules. The accuracy meter is a standard when it comes to premium quality putters that guide each golf ball into the target hole every time. This priced accuracy has made it hard to find the finest golf putters in the country and this is the sole reason why these putters are not mass produced to this day.

The company called Kronos or Kronos Golf is taking the standard a tad bit forward and changing the facet of luxury and leisure in the sport. Kronos is the only highly accurate and finest putter provider available in the industry. 

Kronos putter at a glance.

Business ideaPremium quality vendor of golf clubs.
FounderPhillip Lapuz and Eric Williams
Asked for$150,000 for 15%
Accepted deal$150,000 for 30%
SharksRobert Herjavec
Business statusIn business
EpisodeSeason 6 Episode 2
WebsiteKronos Putter
Kronos Putter at a glance.

Index:

Founder Story:

The versatile duo of Kronos called Eric Williams and Phillip Lupaz had many professions to master but only one could act as a passion. The two of them worked for companies like Titleist, Taylormade, Goldwin, and a few others before they decided to create their own brand. The investment in the first year of starting the business was $10,000. These putters could not be mass produced and they needed skilled craftsmen. The first sales cycle for the company created a revenue of $260,000 in sales. 

The makers of this legacy sports enterprise have quoted that practice makes perfect for this sport and the putter cannot guarantee an improvement in your golf game. But guarantees the quality of the putter to be perfect every time.

Did Kronos putter get a deal on shark tank?

The golf eccentrics Phillip and Eric entered SharkTank seeking an investment of $150,000 for 15%. They explain their product standard, History of the company, Distributors, and most importantly their drive for the golf putter workmanship. Next, there is the demo presented by Kevin who manages to try a putt. The next discussion is all on sales and how they have made it to the Japanese market before spreading their hands over the US.

Mark is the first one to go all out because he hates golf, Barbara goes out even though she loves to golf and supports her husband when he goes out for a game. Lori likes the concept but cannot be of any help therefore she’s out too. Phillip goes for a toss in emotions and starts to cry. He says his fiancée cannot come to America unless and until this business is big.

The sharks give him advice for his future and tell him how important this external drive is to make or break his life. Kevin believes it’s time for him to go out. And Robert is in on an offer of $150,000 for 30%. After a conversation between the founders, they counter for 25% but Robert sticks to the offer. The two founders agree and they do the deal.

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What happened to Kronos Putter after Shark Tank?

As of today, the founder Phillip is leading a happy married life with Tara. The process was mechanized with the touch of the hand kept at its prime in the process. Solid metal billets are used instead of castings and welding. They have maintained the exceptional design and execution of the product. The company has seemed to experience an utter explosion in terms of sales. Today the company has annual sales of $5 million.

Product details:

  • The golf putter called Honotori which is a part of the Kronos golf collection was displayed at the British Golf Museum.
  • The putters are said to be the best in their quality as per a survey done for 2022.
  • The website has introduced three types of putters for the game: Raw, Refined, and Rare.
  • The idea behind the business name was due to the golden age of Kronos in Greek mythology.
  • The love for golf was the driver behind the business idea. They worked at several different golf enterprises to master the skill.
  • They value their quality, standard, and craftmanship.
  • The product is a premium luxury only affordable to the rich.

What is the net worth of Kronos putter?

At the time of Shark Tank’s appearance, they were valued at around $500,000. Today the company has annual sales of $5 million. 

Is Kronos putter still in business?

The business has made its entrance into the era of the golden age by seeing its sales today at an annual high of $5 million. This company has just started its rein and will soon conquer more ground for sure.

The golf industry needs better and finer products with quality standards than ever before. The company is set to launch its new model of putters in the next year. Life has never been this luxurious. Let’s see what happens to the legacy craftsman of the products provided for such luxurious sports.

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FAQs:

What is Kronos Putter?

Kronos or Kronos Golf is taking the standard a tad bit forward and changing the facet of luxury and leisure in the sport. Kronos is the only highly accurate and finest putter provider available in the industry. 

Who founded Kronos Putter?

The versatile duo of Kronos called Eric Williams and Phillip Lupaz had many professions to master but only one could act as a passion. The two of them worked for companies like Titleist, Taylormade, Goldwin, and a few others before they decided to create their own brand.

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