NicePipes, a company that makes clothing with a yoga theme, appeared on Shark Tank in 2016.
The founder of the NicePipes, Lisa Binderow, claimed that her business had already exceeded one million dollars after selling leg and arm warmers for just two years.
NicePipes Apparel, which gained widespread recognition from the television show Shark Tank, manufactures a range of yoga pants-style workout arm and leg warmers (Supplex).
A traditional leg warmer is typically made from wool or cotton, and it has a tendency to slide down the legs as one wears it.
Supplex’s benefits include UV 50+ SFP protection, perspiration wicking, and mild compression, none of which are offered by other materials.
NicePipes offers a line of leg and arm warmers that are distinct from the majority of sweater-like warmers that are currently on the market. These warmers can be purchased separately.
Lisa conceived of them to be worn over sportswear as an additional layer for a variety of different types of workouts, both indoors and outdoors, with groups and on one’s own.
The NicePipes warmers are an excellent example of how form and function can harmoniously coexist.
They are fashionable and are available in a variety of hues that are appealing to the eye.
Lisa has made it abundantly clear by the way she has marketed these warmers that she wants them to be part of every fitness freak’s closet who wants to look their best.
However, that is not the only advantageous quality of the NicePipes warmers. These leg warmers include fashionable designs that also offer a high level of practicality.
They have a similar velvety feel to wool, but unlike wool, they do not aggravate the skin when they come into contact with it. In addition to this, in contrast to wool warmers, they are fairly effective sweat wickers.
In addition to this, ordinary warmers are no match for the four-way stretchiness and non-slippery nature of NicePipes.
They never become misshapen or start sliding down the shin or the wrist, no matter how frequently they are used.
Supplex provides intrinsic compression that gives NicePipes warmers the ability to act as a healing aid for muscles or ligaments that have been pulled or strained.
The arm and leg warmers by NicePipes also offer protection against the sun’s potentially harmful UV rays. The SPF value of this product is comparable to those of other sun protection products of high quality.
You should not use fabric softeners when washing NicePipes warmers since those products could impair the fabric’s ability to wick moisture.
These Supplex warmers can be dried in a tumble dryer, however, the temperature should be set at a low setting so that they maintain their structure.
Lisa Binderow, a fitness and yoga instructor who is also the founder of NicePipes, presented a proposal for the product on Shark Tank in 2017.
Lisa Binderow went to the Tank in the hopes of obtaining an investment of one hundred thousand dollars in exchange for ten percent of the company.
What Are NicePipes?
NicePipes Apparel is a company that manufactures a line of exercise arm and leg warmers fashioned out of the same material as yoga pants (Supplex).
The typical leg warmer is made of wool or cotton, and many people find that when they wear them, their legs slide down.
Other fabrics do not offer the same benefits as Supplex, a lightweight fabric that is both compressive and wicks sweat away and is protected from the sun with an SFP of 50+.
NicePipes are designed with a compressive material that helps them stay in place when you work out.
These leg warmers can provide a more snug fit than leg warmers from the 1980s ever could.
NicePipes are an excellent addition to your crop tops and shirts since they are constructed from the same supple, stretchy, and forgiving fabric used to make yoga trousers.
The Nicepipes range also includes knee-high leg warmers that are ideal for providing more coverage and thigh-high leg warmers that provide even more coverage.
The arm warmers have an elasticated material that secures them in place without excessive squeezing, allowing them to stay put even when you are running, stretching, or playing.
NicePipes have never been available at a better time than right now, as athleisure wear continues to rise worldwide and more and more people realize the importance of maintaining a healthy lifestyle.
You may wear these multipurpose arms and leg warmers to the gym, the studio, the trail, or even the grocery store. They come in various attractive colors and patterns and bright and fun hues.
Not only are NicePipes stylish and functional, but they are also durable enough to handle even the most strenuous workouts.
You won’t just feel fantastic, but you’ll also look terrific, and that will free your mind to concentrate on performing at your absolute best.
|Product / Business||Warmers for your legs and arms that look stylish|
|Investment Asking For||$100,000 for 10% equity in NicePipes|
|Final Deal||No Deal|
|Episode||Season 8 Episode 13|
|Business Status||In Business|
Who Is The Founder Of NicePipes?
NicePipes was founded in 2014 by Lisa Binderow, an active yoga teacher, wife, mother, and mother-to-be.
Binderow worked as a fitness trainer and program manager at a national yoga chain studio in New York. He called New York City home at this time.
The most inventive ideas are usually conceived in response to a pressing issue.
Binderow spent his life and career in New York City, notorious for its severe winters. The weather was quite cold in the mornings, but she still jogged or regularly strolled to her yoga studio.
As a result, she had uncomfortable and irritated skin while wearing traditional wool and acrylic leg warmers.
In addition to this, she felt that the clothing she used for yoga did not provide sufficient protection against the weather.
Binderow was often seen wearing her yoga attire while she was out and about in New York City performing errands.
Because of this, she spent most of the day in wet gym clothing. She found a solution to this problem by wearing multiple layers, but she didn’t want to spend money on new workout clothes.
The answer that Binderow provided was simple as well as elegant. She fashioned leg warmers and arm warmers out of yoga bottoms by shaping and chopping them.
She decided to leave her previous work and launch her own company after receiving several inquiries from youngsters and teachers about the possibility of acquiring her NicePipes.
Her products have had a tremendous amount of success on Amazon.
The arm warmer costs $32, the one that goes up to the knee costs $42, and the one that goes all the way up to the thigh costs $46, respectively.
These compression garments offer some compression and a variety of colors and patterns.
NicePipes Before Shark Tank
Lisa, the founder and CEO of NicePipes Apparel spent many years in the health and fitness industry before starting her own business.
She searched for an innovative way to keep warm when returning home from her yoga classes during the cold winter months.
Lisa made her arm and leg warmers using the same material for her yoga pants.
She sold the items online and out of her apartment, leading up to being featured on “Shark Tank.”.
Let’s find out if she successfully negotiated a deal for her fantastic company.
How Was The Shark Tank Pitch Of NicePipes?
Lisa presented her product NicePipes, which she developed to address a personal problem when she appeared on “Shark Tank.”
She was seeking an investment of $100,000 for 10% equity in NicePipes.
Rather than making sweaters out of the same material as yoga pants, she used leg and arm warmers made from the same material.
She eventually went on to design her leg and arm warmers, which she made in various colors and patterns.
She thinks that these are the “most exciting development” in sportswear.
Lisa claimed that NicePipes Apparel might be purchased online and at 14 different stores.
Kevin O’Leary couldn’t help but comment that the company’s total revenues amounted to $80,000 up until this point.
Kevin observed that Lisa did not have a unique selling proposition after she disclosed that she had put her money into the company to the tune of $300,000.
It seemed to him more like a pastime than something that had the potential to become successful.
Kevin and Robert Herjavec moved out from the competition because the sharks did not believe in the company’s sales and value.
Mark Cuban walked out of the room after that, but not before offering her some thoughtful recommendations.
She must increase the overall amount of her sales, according to him. Lori Greiner provided the group with some encouragement before she left as well.
Lisa stood out to Barbara Corcoran, the only remaining shark, and she made her an offer of $100,000 in exchange for forty percent of her company.
She had to apply for a relationship with Grace and Lace to make her agreement work, which was another successful venture on Shark Tank.
Lisa was in a difficult position because Barbara was hesitant to negotiate the high equity offer she made.
After Lisa’s counteroffer of 25 percent, Barbara decided against making a deal, and they both exited the tank without reaching an agreement.
Final Deal: No deal between Sharks and NicePipes.
What Happened To NicePipes After Shark Tank?
Lisa gave Entrepreneur.com an interview about her experience after appearing on “Shark Tank.”
She claimed that her experience on “Shark Tank” taught her something about herself, namely that she was braver than she had previously believed and that the life of a millionaire might not be for her.
She was pleased with how well her business could be managed while she still managed to find time to teach her yoga session.
She is doing exceptionally well with the NicePipes Apparel business and is likely to continue doing so based on her tweets on various social media platforms.
NicePipes Shark Tank Update
Lisa’s attempt to make a deal on Shark Tank did not result in a successful transaction; however, she continues to sell workout apparel under the Nicepipes brand both on her own website and via Amazon.
The advantages of arm warmers and leg warmers include a moderate compression that promotes performance and a high degree of stretch that allows for a tailor-made fit.
Unfortunately, none of the company’s social media pages have been updated since 2018 (or before).
It appears that although the NicePipes website is still online, it is not currently attempting to grow.
NicePipes is still in business as of May 2022, with annual revenue of $4 million.
Are NicePipes Still In Business?
NicePipes is still in business and generates around $4.4 million in revenue annually.
NicePipes directs its customers to online marketplaces like Amazon and eBay to buy its leg and arm warmers instead of selling in brick-and-mortar stores.
It would appear that the company has gone out of business since then. Regrettably, not a single one of the company’s social media pages has been refreshed since 2018.
Even though the company’s website is still operational, it does not appear that the business is making any current growth efforts.
NicePipes continues to produce arm warmers, knee-high leg warmers, and thigh-high leg warmers online.
NicePipes costs 38 dollars for arm warmers, 42 dollars for knee-high leg warmers, and 48 dollars for thigh-high leg warmers.