Ootbox Net Worth is $9 Million US Dollars. ootBox has an annual sales revenue of $2 million. The company appeared on Season 13 of Shark Tank.
Barbara Corcoran, one of the most shrewd sharks on show has ended up investing $300k for 10% equity in the company. As of today, Barbara was able to recover $70k as a share in profits.
Ootbox Net Worth
| Net Worth | $9 Million |
| Sales Revenue | $2 Million |
| Profits | $410,000 |
| Lifetime Sales | $3.7 Million |
| Investor | Barbara Corcoran |
| Investment | $300,000 |
Ootbox Revenues
When Ootbox founders pitched their company on Shark Tank, their annual sales were projected to be $900,000.
However, they were constrained by capital in order to see any growth in sales. After Barbara’s investment and free marketing exposure on Shark Tank, Ootbox has seen over a 100% increase in sales revenues.
Since Barbara’s investment, Ootbox has been making generating annual revenues of $2 Million, at 30% profit margins.
The company has partnered with many construction companies with the help of Barbara. It is projected that Ootbox’s annual revenues will exceed $5 Million by late next year.
Ootbox needs to generate over $5 million in annual sales consistently, for Barbara to recover her money. It is projected to take two more years for this to occur.
Until then, Barbara will be earning just under $9,000 profit check each month, which is not a bad Return on her Investment.
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About Ootbox
Ootbox stands for ‘Out of the Box’. Ootbox started in 2020 by Robbie Friedman and Allison Zofan with the idea to give people a private office space.
Since the Shark Tank episode, Space, and flight companies have reached out with inquiries about the 8×10 boxes from all throughout the country.
Ootbox has seen its product need grow throughout the country as companies buy or rent office spaces for a variety of reasons. Real estate developers, event planners, and even hospitals have found a need for Ootboxes.
Ootbox is made from old shipping containers and the company delivers the product all over the United States. Customers can buy an Ootbox or lease it.
The minimum lease period is 8 months. As per the founders, 60% of customers who have taken an Ootbox for lease are either renewing it or buying it.
FAQs
Is oot box still in business?
Yes. Ootbox is successfully delivering over 10 boxes each month.
How much does an ootbox cost?
Each Ootbox will cost $24,000 including shipping and installation.
How much is Ootbox worth now?
$9 million.
What are Ootbox revenues after Shark Tank?
Ootbox has been flooded with orders since airing on Shark Tank. As of today, the company’s yearly revenues are $2 million.