There’s no denying that even a mere appearance on Shark Tank is good for business. The show has reached an average of four to nine million viewers an episode throughout all nine seasons. While businesses plan to pitch the five investors, they don’t always have to strike a deal to win big.
These businesses are some of the most successful in Shark Tank history — Mark Cuban and his crew have helped transform daily operations and expand the founders’ visions to create multi-million streams of revenue.
Strangely enough, the business with the most riches was a Shark Tank failure.
Image Credit: ABC / Shark Tank
In recent years, ugly Christmas sweaters have boomed in popularity – from frat parties to office Holiday get-togethers. It’s no wonder that the company Tipsy Elves, who sell outlandish ugly Christmas sweaters, was already making $900,000 in annual revenue before they appeared on Season 4 of Shark Tank. Since then, they’ve become Robert Herjavec’s most lucrative Shark Tank investment.
Herjavec offered Tipsy Elves $100,000 in exchange for 10% equity and helped transform the company into a year-round apparel company. Today, the company sells kooky apparel for a range of holidays and events including star-spangled suits and brightly patterned gold clothes. They’re on track to make $12.8 million in revenue in 2018.
Up next: a household pest inspired a hugely successful business.