BucketGolf Shark Tank Update

BucketGolf Shark Tank Pitch

BucketGolf appeared on Shark Tank Season 16, Episode 2, which aired on October 25, 2024, with Backyard Golf Game.

BucketGolf is listed in the Fitness Outdoors category. In plain terms, the business is described as Backyard Golf Game.

BucketGolf asked the Sharks for $1,000,000 for 10% equity, implying a valuation of about $10 million.

On the show, BucketGolf made a listed deal for $1,000,000 for 12.5% equity.

If treated as straight equity, the listed deal works out to about $8 million implied valuation, down from the original $10 million implied valuation.

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

BucketGolf After Shark Tank

BucketGolf accepted an on-air deal for $1,000,000 for 12.5% equity. BucketGolf remained active after the episode. (BucketGolf - Shark Tank Season 16

Currently, in 2024, BucketGolf’re on track to break $12 million, with profit margins hovering between 15% and 20%. (BucketGolf - Shark Tank Season 16

In terms of sales strategy, BucketGolf's approach is simple - BucketGolf sell directly to customers through BucketGolf's website and Amazon, cutting out middlemen to keep prices affordable. (BucketGolf - Shark Tank Season 16

Notably, about 85% of revenue comes from BucketGolf's website and Amazon. (BucketGolf - Shark Tank Season 16

Tyler and Jen entered Shark Tank Season 16, seeking $1,000,000 for 10% equity in BucketGolf. (BucketGolf - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com