Romp N Roll is a children’s activity facility pitched by Michael & Babz Barnett, a married couple and entrepreneurs from Virginia.
Romp n Roll boasts the slogan “Nurture the brilliance.” “Release the buffoon.”
The Barnetts built a play center for children ages three months to six years old that combines activities such as movement, music, and art to promote learning while having fun.
The participation of parents in their children’s activities is encouraged by Romp N Roll.
Furthermore, Romp n Roll playground offers birthday parties and summer programs in their play activity.
As the Barnetts are interested in franchising Romp n Roll, they seek Shark’s assistance.
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 both 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.
They operate ten locations, one of which is in Puerto Rico. With a 30% profit margin, they generated over $4 million in revenue for the last five years.
The Sharks note this but believe the Barnetts are overvaluing the enterprise.
Mr. Wonderful informs the Barnetts that he recently sold a $3 billion children’s business.
Daymond, Mr. Wonderful, and Kevin depart since they are not interested in the business.
Barbara asserts that she is fearful of this type of business following the closure of her neighborhood Gymboree; she, too, is out.
Barnett continues to pitch to the sharks despite their absence, unaware of Robert’s offensive acts. He offers $300,000 in exchange for 51% of the business.
Mr. Wonderful offers to go halfsies with Robert on the sale when Robert and the Barnetts enter the room to talk.
Robert and Kevin believe that the business is not worth that much when the Barnetts offer $300,000 in exchange for 20% of Romp N Roll.
Finally, Robert and Kevin are out, and the Barnett couple left Shark Tank without any deal.
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
Romp N Roll was unsuccessful in securing a transaction, but the company still operates in its original location. There are now 95 franchisees worldwide, including one in China and another in South Korea.
There are 17 additional locations planned for 2017. This business didn’t come to a halt due to not securing a deal.
Romp N Roll operates over 300 indoor playground franchise locations in the United States and China by 2021.
The company plans to add between 10 and 15 franchisees each 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 operates 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.