Tailgate N Go Shark Tank Update

Tailgate N Go Shark Tank Pitch

Taylor Johnson, Ron Johnson, and Kobe Johnson appeared on Shark Tank Season 11, Episode 5, which aired on October 27, 2019, with portable, outdoor kitchen and dry box made for any outdoor cooking.

Tailgate N Go is listed in the Food Beverage category. In plain terms, the business is described as portable, outdoor kitchen and dry box made for any outdoor cooking.

Tailgate N Go asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, Tailgate N Go made a listed deal for $250,000 for 20% + $50 royalty until $250,000 is repaid.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2.5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Tailgate N Go After Shark Tank

Tailgate N Go accepted an on-air Shark Tank deal for $250,000 for 20% + $50 royalty until $250,000 is repaid, and follow-up reporting says the deal closed after filming. (TNG - Tailgate N' Go Shark Tank Update

Update sources put Tailgate N Go sales around $400,000. (TNG - Tailgate N' Go Shark Tank Update

In the segment, they announced a licensing partnership with the NFL. (TNG - Tailgate N' Go Shark Tank Update

The company are featured in an update segment in episode 1120. (TNG - Tailgate N' Go Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches