What Is Romp N Roll?
Romp n Roll is all about having fun, meeting new people, and expanding knowledge for the family’s youngest members.
Romp n Roll’s educational programs are ideal for children from preschool through toddler.
These programs foster creativity and prepare children for future success in a nurturing environment.
|Company Name||Romp N Roll|
|Entrepreneur||Babz Barnett and Michael Barnett|
|Product||Chain of Children’s Learning And Play Centers|
|Investment Asking For||$300,000 for 10% equity in Romp N Roll|
|Final Deal||No Deal|
|Episode||Season 1 Episode 11|
|Business Status||In Business|
Who Is The Founder Of Romp N Roll?
Babz and Michael Barnett are the founders of Romp n’ Roll.
Barbz earned a Bachelor of Science degree in management and held several executive positions before she and her husband, Michael, co-founded Romp ‘n Roll.
A successful entrepreneur and CEO with extensive experience in business development, marketing, and sales management, he holds an MBA from a leading university.
Babz and Michael are both Virginia entrepreneurs. They like to spend time coming up with new ideas together.
They are proudest of Romp n’ Roll, one of their joint innovations.
Babz and Michael were both parents and recognized a lack of high-quality, varied workshops and activities for children in their community.
It’s a cliche to say, “Do it yourself if you want it to be right.” The Barnetts formed romp n’ Roll in 2004.
Babz and Michael put a lot of trust in Romp n’ Roll. The business’s potential for growth made them believe in its potential, and their faith has proven to be well-placed.
Romp n’ Roll was established in 2001 and had nine locations in the U.S. and one in Singapore.
Romp N Roll Before Shark Tank
A married Virginia couple, Michael and Babz Babeforernett, normally spend most of their time dreaming up new invention ideas together.
Known for its unique and imaginative product pitch ideas, this company is a great place to work. Romp N Roll, especially, was their most appealing concept.
Children ranging in age from three months to six years can enjoy the Romp N Roll play area.
Their play center was intentionally created to fully engage a child’s mind while also allowing them to have the time of their life.
Romp N Roll play involves various activities that mix physical movement with musical and creative components to promote a new approach to learning.
This play area is designed to offer youngsters an environment that encourages them to learn through fun.
Babz and Michael believe that they are doing the right thing by their business and want nothing more than to offer children a creative outlet for expression while learning simultaneously.
The company plans to expand Romp N Roll by converting it into a franchise. However, the couple is not capable of fulfilling this goal independently.
They will appear on ABC’s Shark Tank to persuade one of the Sharks to invest in their business and assist them in their expansion plans.
How Was The Shark Tank Pitch Of Romp N Roll?
Michael and Babz appeared on the Shark Tank requesting an investment of a $300,000 investment in exchange for a 10% stake in Romp N Roll.
The Barnett couple left the Shark Tank stage without securing any deal from the Sharks.
Final Deal: No deal between Romp N Roll and Sharks.
What Happened To Romp N Roll After Shark Tank?
Romp N Roll did not fail even though the company failed to secure additional funding from one of the Shark investors.
Romp N Roll continues to grow at a reasonable pace. The show has helped the company open 68 locations in the United States, China, and South Korea.
Customers can purchase gift cards, arrange classes, and even book birthday parties through their website (http://www.rompnroll.com/).
All of their locations are listed on the website, as are the wide variety of activities they provide for kids.
They even provide summer camps for students who wish to continue their education over the summer.
Overall, Romp N Roll was a big success despite being rejected by every Shark on Shark Tank.
Romp N Roll Shark Tank Update
Even though Romp N Roll was unable to secure a deal during their appearance on Shark Tank, they began to receive interest from international investors.
In particular, Asian investors were hoping that it would become a part of the next big thing to emerge out of the United States and be launched in Asia.
The Barnetts were able to strike a deal with a Chinese investor residing in New Jersey to bring a Romp N Roll franchise to China after the businessman reached out to them.
Since Romp N Roll’s appearance on the show “Shark Tank,” Romp N Roll has continued to operate as a business and progressively expanded its franchise abroad.
Even though Romp N Roll maintains a presence in the United States market, the Barnetts decided to direct all of their financial resources toward expanding their business in international markets, and this decision has paid off for them.
There are now 65 Romp N Roll franchise locations in China, but the company has set a target of expanding to 400 locations.
The Barnetts are shifting their focus from China, where they have successfully developed their company, to their home country of the United States.
Romp N Roll resumed its expansion in the United States in 2015 to reach more than one hundred franchise locations.
Romp N Roll operates over 300 indoor playground franchise locations in the United States and China by the end of 2021.
Romp N Roll is expanding gradually to add 10 to 15 locations every year.
Romp N Roll generates revenues of $4 million annually.
Is Romp N Roll Still In Business?
Romp N Roll is still in business and has operated in multiple locations as of 2022, even though it didn’t secure any deal on Shark Tank.
Romp n’ Roll programs and activities are tailored to the developmental requirements of infants, toddlers, and preschoolers ages three months to five years.
The Romp n’ Roll franchising program began in 2007, keeping a high standard of quality programs and well-trained, passionate instructors throughout each new location.
What Is the Net Worth Of Romp N Roll?
The valuation of Romp N Roll was $3 million when it appeared on Shark Tank. The net worth of Romp N Roll is $5 million as of 2022.