With the advancement in technology and the growing interest in gadgets, children have stopped playing under the open sky and are now more into video games and social media. This led to different issues including obesity.
Thomas Hill, the owner of Bounce Boot Camp, has introduced an exercise system for kids in a joyful way. It offers inflatable courses like slides and castles and shifts them into a fun fitness program for kids to stay healthy.
The owner came on Shark Tank to request $30K in exchange for 20% of his company. He also brought his kids along with a giant inflatable Bounce Boot Camp to give the sharks a demo of how his system works. Let’s see he got the deal or not.
Bounce Boot Camp Net Worth Shark Tank Update
Thomas was looking for an investment of $30K in exchange for 20% equity in the company. At the time of the episode, he valued his company at $150K. Unfortunately, Thomas did not secure a deal with any of the sharks. After the show aired, the company gained exposure and grew. As per my rough estimate, the current net worth of Bounce Boot Camp in 2024 is around $3 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Kevin O’Leary
Out
N\A
N\A
Mark Cuban
Out
N\A
N\A
Robert Herjavec
Out
N\A
N\A
Lori Greiner
Out
N\A
N\A
John Daymond
Out
N\A
N\A
The Owner’s Backstory
Thomas has a beautiful family of a daughter with twin boys. He was interested in football from a very young age. He was admitted to Kansas State University and then in 2004, he was selected as a Free agent tide in. Due to a college injury, he was then released from the role.
He related that one day he was invited by his daughter to play in a bouncing castle with her, which resulted in his whole-body sweating and an increase in heart rate in just three minutes. This struck him with the idea of using inflatables for kids’ exercise systems and he then started a company for kids to stay healthy and athletic.
Initial Pitch
The owner came on the show to seek $30K for a 20% equity stake. The product is basically inflatable courses for kids to have a fun time while working out. Three sharks, Herjavec, Daymond, and Cuban also get through the obstacle course to check the working mechanism of the business.
Kevin asked the first question about the source of money from the inflatables. Thomas pointed out that his business works in a box, in which every camp pumps the inflatables when in need.
Herjavec inquired about the space for the situation of these inflatables. He replied that they locate these camps at schools, parks, and gyms too. Moreover, he has to pay for the space to the owners.
Cuban then asked about the duration of their fitness class. The owner pointed out that it is for about 60 mins. He added that they have a fitness camp system where kids have to sign up for either 8, 16, or 24 classes. The fee is between $9 to $250 and the kids will get different color tags as they level up. Additionally, he has also different roles for kids like major, junior generals, etc.
Cuban also wanted to know about their revenues. Thomas highlighted that in 16 months they have $43K in sales while working one day a week.
Herjavec inquired about their last month’s sales. He replied that it was about $2500. The whole business costs around $40K for Thomas.
Cuban asked about his occupations during the other six days in a week. The owner replied that he was into pharmaceutical sales for the rest of the week.
Shark’s Response and Final Decision
Mark Cuban was the first shark out of the deal as he considered the amount, he was asking for was not enough to reach high scales. Besides he is stuck between his job and the business he is looking forward to.
Lori also dropped the deal as she doesn’t consider his business to be investable at the moment.
Mr. Wonderful highlighted his business to be flawed as Thomas has not given any satisfactory data about the actual sale of his Bounce Boot Camp, leading to his backing out as well.
Finally, Herjavec and Daymond also dropped the deal for the same reasons.
Despite getting no deal from the sharks on set, Thomas was able to secure his business in Arizona and New York in 2023. His business Bounce Boot Camp has now an annual revenue of about $1.5 million.
The journey of Bounce Boot Camp moved with a kickstart after appearing on the Shark Tank. Although the business was not able to secure any deal from the sharks, it still managed to grow and found two new locations to get a permanent site to work at.
Hey there, it’s Andaleb Youns. I am a freelance content writer and am currently pursuing a BS in English Language and Literature. I have expertise in writing Blog Posts, social media content, and copywriting. I know how it feels to be a student and still be dependent on parents to fulfill even basic daily needs. This realization became apparent while watching Shark Tank. Although I started watching this show out of boredom, it proved to be an inspirational show. The show made me realize the importance of hard work, being independent, and of having a business of my own. I still look forward to it for entertaining and inspirational content.
