Shell Bobbers Shark Tank Net Worth

Shell Bobbers is a product that appeared on the TV show Shark Tank. It is a fishing accessory designed to make it easier for anglers to catch fish.

Shell Bobbers are fishing bobbers made from recycled shells, such as oyster shells. The idea behind Shell Bobbers is that the natural scent of the shells will attract fish to the area where the bait is located.

The product is simple to use. Anglers attach the Shell Bobber to their fishing line and then add their bait. The Shell Bobber will then float on the water’s surface, attracting fish to the area. 

The product is eco-friendly, as it is made from recycled materials, and it also has the added benefit of being biodegradable.

What Is Shell Bobbers?

Shell bobbers are fishing floats designed to be used when fishing in deep water. They are typically made from a lightweight plastic material shaped like a cone or a cylinder.

The function of the shell bobber is to help the angler keep their bait at a certain depth in the water column while also alerting them when a fish has taken the bait.

Shell bobbers are easy to use and are a popular choice among both novice and experienced anglers. They are typically available in various sizes, colors, and designs, making it easy for anglers to find the perfect float for their needs.

Shell Bobbers are an innovative way to recycle spent not only shotgun shells but also a fun and unique accessory for fishing enthusiasts. The bobber’s design allows for easy visibility on the water, and the bright colors make them easily distinguishable from other objects in the water. 

Shell Bobbers have gained popularity among recreational and professional anglers and have become a recognizable brand within the fishing industry.

Who Is the Founder Of Shell Bobbers?

The founders of Shell Bobbers are Jeff Stafford and Dusty Holloway. After experimenting with different materials, they developed the product to create an effective and environmentally friendly fishing bobber.

Stafford and Holloway appeared on the TV show Shark Tank in 2013 to pitch their product, and while they did not secure an investment from the Sharks, they continued to grow their business and expand their product line.

Today, Shell Bobbers are sold online and in select retail stores, and the company remains committed to promoting sustainable and eco-friendly fishing practices.

Before appearing on Shark Tank, Shell Bobbers was a small business that sold its products through local stores and online channels.

Jeff Stafford and Dusty Holloway founded the company. The company was based in Pensacola, Florida, and specialized in creating fishing bobbers made from real seashells.. They used to collect the seashells and handcraft them into bobbers for their customers.

According to an interview with Scott Morris, before appearing on Shark Tank, the company had sold around 2,000 units of their seashell bobbers. After their appearance on the show, their sales skyrocketed, and they expanded their product line to include more fishing accessories.

Shell Bobbers was a small but growing business before Shark Tank, and their appearance on the show gave them the exposure and investment they needed to take their company to the next level.

How Was the Shark Tank Pitch of Shell Bobbers?

Shell Bobbers, a product created by Fishing Ammo, was pitched on Season 4, Episode 22 of Shark Tank, aired on April 26, 2013. The inventors, Jeff Stafford and Dusty Holloway, were seeking an investment of $80,000 in exchange for a 20% equity stake in their company.

Shell Bobbers are unique fishing bobbers made from recycled shotgun shells. The entrepreneurs highlighted the product’s eco-friendly nature, novelty, and appeal to various outdoor enthusiasts. 

They demonstrated how the bobbers worked and emphasized their durability, reliability, and performance as advantages over traditional fishing bobbers.

The Sharks showed interest in the product, but they expressed concerns about the size of the market and the scalability of the business.

During a pitch on a popular TV show, Kevin O’Leary offered to invest $80,000 in exchange for a 50% ownership stake in the company, with a royalty rate of 50 cents per unit sold until he recoups his initial investment. 

However, Robert and Daymond didn’t believe the business was legitimate and decided not to pursue an investment opportunity. On the other hand, Lori Greiner was intrigued by the proposal but ultimately decided to pass on making an offer, likely due to some reservations.

After some negotiation, Mark Cuban offered to invest $80,000 for a 33% stake in the company, contingent on them securing a deal with a major retailer.

Jeff and Dusty accepted the deal, and since their appearance on Shark Tank, the product has expanded its distribution and popularity. They have added more products to their line, including other outdoor and fishing gear made from recycled materials.

Final Deal: Mark Cuban agreed to invest $80,000 for a 33% stake in Shell Bobbers.

What Happened To Shell Bobbers After Shark Tank?

Shell Bobbers experienced growth and success after their appearance on Shark Tank. The company, Fishing Ammo, expanded its distribution and increased the popularity of its products.

With Mark Cuban’s investment and mentorship, they were able to get their products into major retailers like Walmart and Bass Pro Shops. They also secured deals with various independent retailers and online platforms, which helped boost their sales and visibility.

In addition to the original Shell Bobbers, Fishing Ammo expanded its product line to include other outdoor and fishing gear made from recycled materials. This diversified their offerings and allowed them to appeal to a wider range of customers.

The company’s social media and website presence helped them connect with customers and share its eco-friendly mission. The founders continued to innovate and focus on creating unique, environmentally-friendly products for the outdoor and fishing markets.

Shell Bobbers Shark Tank Update

Mark’s assistance proved to be invaluable as the deal eventually went through. Thanks to him, they could relocate to a larger facility to meet the rising demands for their products. 

Shortly after the episode aired, they received a shipment of 660,000 shell casings, which occupied an entire container. After only a few months in the tank, they were featured in episode 509 with an update segment highlighting their success. 

They had secured a deal with 7-11 to distribute their product in 3,000 of their bait and tackle stores nationwide. In addition, they secured deals with Cabela’s, Gander Mountain, and several other retailers. 

As a result, their sales soared from less than $1,000 to over $1 million. They also mentioned their ongoing negotiations with Walmart.

They proudly showcased their new facilities, equipment, and staff during the segment. They were committed to producing the Shell Bobber in the United States and took pride in their achievement.

Despite their success, the business folded in 2017. Their website went offline, and their social media accounts were abandoned, with no updates since 2017.

For some time, the Shell Bobber product remained available on Amazon. However, it was eventually removed from the site in 2019. It’s possible that they were selling off their remaining stock, given that they haven’t restocked since then. 

Many of the customers who purchased the product left positive reviews on the site, with some expressing dissatisfaction about their floating abilities, while others were pleased with their performance.

By the time the product was no longer available on Amazon, it had an impressive 4.5-star rating based on 144 ratings. Shell Bobbers is out of business, with their website being down and social media without any update.

What Is the Net Worth of Shell Bobbers?

The valuation of Shell Bobbers was $400,000 when it appeared on Shark Tank. The net worth of Shell Bobbers is $0 since the company seems to have gone out of business.