The Sharks hear Bettsy Johnson and her brother, Berry Wanless, pitch their UV protection swimwear for children on January 24 in episode 518.
Betsy became a UV protection apparel producer after she survived skin cancer at 26. She gave up her corporate career to devote herself to this cause.
The seed of an idea for a business came to her when she realized how difficult it was for children to put on and take off their swim shirts.
SwimZip swimwear has zippered shirt fronts, chlorine-resistant fabrics, and unique designs that children love. Parental reviews praise the superior UV protection provided by SwimZip.
Betsy does not want her children, or anyone else’s, to experience her destiny, which is why she strives to make her items of the highest quality. She is so dedicated to her work that it almost feels like a greater calling.
You can buy swimwear from them on Amazon and through their website. She is almost certainly looking for Shark investment to break into retail chains.
What Is SwimZip?
SwimZip is a firm that sells children’s UV-protective swimwear and accessories. SwimZip is best known for its zippered shirts, letting children dress and undress themselves without assistance.
Swimzip apparel and swimwear are made from materials that block over 98 percent of UVA radiation, which can cause skin cancer.
While you should wear sunscreen to protect against AVA rays, have you thought about protecting yourself from these dangerous rays coming through your swimsuit?
This new product line created by siblings Betsy Johnson and Berry Wanless will make you think twice the next time you buy a swimsuit, especially one for your child.
The clothes and accessories offered by SwimZip are chlorine-safe and come in various vibrant colors and patterns.
|Entrepreneur||Barry Wanless and Betsy Johnson|
|Product||Children’s Sun Protective Clothing|
|Investment Asking For||$60,000 For 5% equity in SwimZip|
|Final Deal||$60,000 For 20% equity in SwimZip|
|Episode||Season 5 Episode 15|
|Business Status||In Business|
Who Is The Founder Of SwimZip?
The SwimZip company was founded in 2010 by Betsy Johnson and her brother, Berry Wanless. She earned her undergraduate degree from the University of Puget Sound in 2007.
Afterward, she worked for Boeing Company as a finance manager until 2009. Swimzip continues to thrive under Johnson’s leadership, with Wanless serving as Vice President.
The entrepreneurial experience Johnson has is quite impressive. Following a life-changing skin cancer diagnosis at 26, she founded Swimzip.
Her re-evaluation of life and career led her to take the daring step of quitting her corporate job to become a UV protective gear inventor.
Johnson wanted to protect her children from the same tragedy, but she recognized how infuriating it could be to put on and take off kids’ swimwear.
Swimzip was created when she decided to create zippers on shirt fronts.
Swimzip generated $525,000 in revenue in its third year, an impressive 1100 percent increase over the previous year.
SwimZip Before Shark Tank
Siblings Betsy Johnson and Barry Wanless founded Swimzip.
SwimZip is a line of protective swimming apparel that blocks UV radiation. The company is asking for $60k for a 5% stake in its business.
The Betsys and Barrys want to ensure their children are protected from the sun, but regardless of how meticulously they apply and reapply sunscreen, they still expose their children’s skin to the sun, which puts them at risk of sunburn.
The parents want their children to have fun at the pool, but standard sun protection tactics can become more of a hassle with all the shouting, fighting, and complaining.
SwimZip’s protective swimmer line provides sun protection for children and parents. SwimZip suits have a full-length front zipper, making them extremely easy to put on and take off.
The top and bottom of the tops filter 98 percent of cancer-causing UVA and UVB rays. Children may wear SwimZip’s sun protective gear independently of their parents, as it is easy to wear.
How Was The Shark Tank Pitch Of SwimZip?
Betty and Berry have approached Shark Tank seeking a $60,000 investment in exchange for 5% of Swim Zip.
Betsy knows the effects of excessive sun exposure after having survived skin cancer.
She set out to design swimwear that protects youngsters from early sunburns, increasing their chance of developing skin cancer later in life.
Betsy says the protective swimwear blocks 98 percent of dangerous rays, and it is easy to wear and take off, with a full-length zipper, so that kids can dress and undress themselves, reducing the drama at the pool or the beach.
Kevin O’Leary is direct in his need for sales figures. Betsy reports selling $225,000 in the last year, an increase of more than 110% over the $18,000 they earned the year before.
They sell mostly through individual shops in the United States and abroad. Berry and Betsy did not take salaries from the previous year’s profits of $100,000.
Mark Cuban is curious as to whether the content contains something special. Betty replies that the material is standard swimwear.
Berry says the designs are distinctive, and their wholesale price of $15 is lower than the wholesale prices of their competitors.
Kevin O’Leary questions the valuation of the company. “I view my money like gasoline,” he explains to the pair. I invest my money and profit from it. I see nothing here that I can invest my money in. I’m leaving.”
Daymond John informs them that they “do not wish” to conduct a test run in Target shops, as a large return may jeopardize their earnings.
Betsy responded, “I am a mother on a mission,” and described herself as a “mother on a mission.” He believes it is too early to invest and exits.
Robert Herjavec has no idea how to grow a boutique into a “million-dollar business.” He has departed.
Mark Cuban refers to their business as a “family business,” implying that it is not substantial enough to invest in. He has departed.
Betty looks like Lori Greiner, who tells her that she was in a one-person band for five years.
Lori believes in the company and Betty and offers her 60% in return for a stake in the company.
Lori replies, asking Betsy to increase her offer to $120,000 for 20%. Lori is adamant about not bending.
Berry is apprehensive, but they accept and secure a Shark deal.
What Happened To SwimZip After Shark Tank?
Lori’s faith appears to be well-placed. Sales reached nearly double the previous year’s level within two days of appearing on Shark Tank. The Shark Tank’s vision and Betsy’s enthusiasm remain unwavering.
Their social media profiles feature complementary brands, and Betsy is a Youth Entrepreneurs Kansas City’s Advisory Council member. She gives back to the organization that inspired her interest in entrepreneurship in high school.
Swim Zip resulted from Lori’s leap of faith with these sibling entrepreneurs.
The company remains in business with an income of $5 million in August 2021. They also added men’s and women’s clothes and headwear to the range.
SwimZip Shark Tank Update
SwimZip has expanded the brand to include men’s and women’s fashions since appearing on Shark Tank.
You’ll never want to take off SwimZip’s beautiful women’s dresses once you’re finished with the beach.
Furthermore, you won’t be required to. Moreover, the sun-protection material will dry quickly. You can purchase them for $75 on the SwimZip website.
Is SwimZip Still In Business?
SwimZip is still very much alive – the most telling sign is that either Betsy, Barry, or someone hired by the family maintains their Social Media profiles actively, using both (free) advertising and promotions such as 40% off purchases of a “Roddie.”
They offer a wider range of products, as evidenced by the fact that they are available on their website and Amazon.
SwimZip probably does well with the Shark Tank effect and parents’ goodwill if they wish to protect their children from the sun, but I could not find any concrete sales figures. Betsy and Barry are now hopefully self-sufficient.