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Tandem Boogie Shark Tank Update

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Tandem Boogie is a family-owned business that sells boogie boards. Tandem Boogie is a brand for all people passionate about water sports.

Tandem Boogie specializes in making boogie boards for not just an individual but two people. Two people who want to enjoy the boogie board together can do so with Tandem Boogie boards.

Tandem Boogie offers traditional foam boards, as well as the AIR model, their bestseller, an inflatable “board” that uses cross-weaved drop-stitch technology.

It is the type of fabric that is used in Avon boats. Tandem Boogie has many great reviews and the inventor of boogie boards himself, Tom Morey, has showered the business with high compliments.

Tandem Boogie at a Glance:-

IdeaBodyboard for two along with clothing and Surf.
FoundersManya Clark and John Clark
Asked For$100,000 For 10% equity
Accepted Deal$100,000 For 35% equity
SharksDaniel Lubetzky and Robert Herjavec
Business statusIn Business
Episode No.Season 12, Episode 17
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Index:

Who are the founders of Tandem Boogie?

The Clark family are the founders of Tandem Boogie. The family constitutes the mother Manya, who does the manufacturing and operations, the father, John, who manages sales and marketing, the first daughter Alleanna manages the social media community, the second daughter Lyla, who does apparel and merchandise, and the third daughter Juliette or Juju is the Chief Fun Officer.

The family loves water sports and spending time together in the water. So, they gave birth to the idea of the Tandem Boogie. They started designing the boards in 2019 and with their successful Kickstarter campaign in July 2020, they raised around $31,230.

 Did Tandem Boogie get a deal on Shark Tank?

Manya and John Clark, founders of Tandem Boogie, came to the Shark Tank, seeking an investment of $100,000 in exchange for equity of 10% in Tandem Boogie. Manya and John shared that they needed investment to tap into retail and grow their online chain.

Before coming to the show, they had total sales of $43,000 to $31,000. Tandem Boogie was a new business when they tapped into Shark Tank, which cut down the interest in sharks.

Mark Cuban was first to move out as he didn’t find it an investable business. Lori Greiner said it is at an early stage that investing here means a big risk factor in hand and going out. Robert Herjavec shared that Clarks reminded him of the Hamborg family, where he had invested in the fifth Season.

Robert asked Daymond what percentage he would take for investing $1,000,000. Daymond asked Robert if he would consider him as a partner in Tandem. Daniel was the only shark left in the tank.

Daniel saw the potential in the product and its founder. Daniel asked Robert to join him for 25% equity. Robert Herjavec replied that if they are ready to give up 35% of their equity, he will be ready to go. The Clarks family took a moment and then said yes to the offer and made a deal.

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What happened to Tandem Boogie after the Shark Tank?

After their appearance on the Shark Tank show, Tandem Boogie changed its brand name to TANDM Surf. Before coming to the show, they had sales of $43,000 in just months. Earlier, Tandem Boogie was only available and operating through their online market space, but after their appearance, they expanded their business to the offline store named Surf Style stores.

Robert Herjavec, an investor in Tandem Boogie, was the successful name behind it. After the show, Robert, Daniel, and The whole Clark family never missed any opportunity of branding and advertise their product through various platforms.

During the show, they pitched for a valuation of $1,000,000, which was later valued at $285,714.28 by Robert and Daniel. Tandem Boogie didn’t expect that the lower in valuation on the show was a pullback moment for business, as, after the show,   when it got released, it crossed the limits on sales.

Tandem Boogie enjoys a huge profit margin before and after the show as they manufactured one unit for just $150 and it is sold in the market for $459 per piece. After the name-changing of the business, they made various additions to the product line. Along with the closing, they launched Paddleboard and Kayak for two people and Tandem Surfboard as of the ongoing year 2022.

TANDM Surf also combines Epic summer surf, Indo Jex (a non-profit organization), and a Beach camp for kids’ surfing. Tandem Boogie is shining its path for the future and doing great in terms of product line, costing and customer service.

Competitors of Tandem are:-

  • FBI
  • Brandon
  • Wahoo International
  • Big Wedge Groms
  • E-body boarding

What is the net worth of Tandem Boogie?

The estimated net worth of Tandem Boogie is $500,000. The valuation for the show was $1,000,000, which was not accepted by the sharks and they corrected the valuation at that moment to be $285,714.28.

Is Tandem Boogie still in business?

Tandem Boogie is still in operation with a name change called TANDM Surf. They did various made-to-product lines and price changes. Robert and Daniel are protecting sharks for Tandem Boogie and taking it toward success. TANDM Surf is available both online and offline for placing orders and doing great to achieve its target. Bizz bucket wishes them huge success in the future.

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FAQs:

What is Tandem Boogie?

Tandem Boogie is a family-owned business that sells boogie boards. Tandem Boogie is the brand for all people passionate about water sports. Tandem Boogie specializes in making boogie boards for not just an individual but two people. Two people who want to enjoy the boogie board together can do so with Tandem Boogie boards.

Who founded Tandem Boogie?

The Clark family are the founders of Tandem Boogie. The family constitutes the mother Manya, who does the manufacturing and operations, the father, John, who manages sales and marketing, first daughter Alleanna manages the social media community, second daughter Lyla, who does apparel and merchandise, and third daughter Juliette or Juju is the Chief Fun Officer.

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