Shark Tank Update
Shark Tank Pitch
HillBilly Brand Shark Tank Update
Published:
2m
Parkland, FL
| Name | HillBilly Brand |
|---|---|
| Main Presenters | Mike Abbaticchio and Shon Lees |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2022 |
| Main Location | Parkland, FL Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | Deal was made on the show with sharks Robert Herjavec, Jeff Foxworthy, Daymond John for $75k for 100% of Trademark with a 7% royalty to Mike and Shon, but it fell through after the show. |
HillBilly Brand Shark Tank Pitch
Mike Abbaticchio and Shon Lees are lifelong friends who created a fun and meaningful brand idea. After selling out of their first attempt at selling shirts, they developed the idea into a business, HillBilly Brand.
HillBilly Brand targets the country audience proud to be hillbillies, such as campers, fishers, and NASCAR fans. Mike and Shon plan to expand their offerings to include other items such as blue jeans and hunting gear.
Mike and Shon have done $271k revenue in 3.5 years and are on track for $60k this year. Without paying themselves a salary the business profits $7k a year. They signed an agreement to be in Sports Authority and gas stations next year.
The sharks see the HillBilly Brand trademark to be the only thing of value here.
It's not a dream till it makes money. It's just a nightmare 'till then.
Jeff Foxworthy, the in-house expert in all things "redneck," gave HillBilly Brand a pass, so Robert and Daymond joined Jeff on a deal for the trademark.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 25% of Company | |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Offered | Robert Herjavec, Jeff Foxworthy, Daymond John | $50k for 100% of Trademark with a 7% royalty to Mike and Shon |
| Company | Out | Jeff Foxworthy, Daymond John, Robert Herjavec | $100k for 100% of Trademark with a 10% royalty to Mike and Shon |
| Sharks | Deal Never Closed | Robert Herjavec, Jeff Foxworthy, Daymond John | $75k for 100% of Trademark with a 7% royalty to Mike and Shon |
Jeff Foxworthy
Deal Never Closed
Daymond John
Deal Never Closed
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Deal Never Closed
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
HillBilly Brand After Shark Tank
According to Shark Tank Blog https://www.sharktankblog.com/business/hill-billy-brand, the deal fell through after the tank, but Daymond continued to guide Mike and Shon. They expanded HillBilly Brand to women's apparel and sold iced tea.Link Preview
Shark Tank Blog
Their website is hillbillybrand.com https://www.hillbillybrand.com https://hillbillybeverages.com and they have a website for their beverages at hillbillybeverages.com Link Preview
hillbillybrand.com .Link Preview
hillbillybeverages.com
In 2022 Mike Abbaticchio and Shon Lees are both still with HillBilly and doing around $1 million in annual revenue.
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