Cactus Jack needed to get in shape after he found out he had high blood pressure. When he went to work out, he was too out of shape to do a push up. That’s why he created a device that makes push ups and working out easy. Will the sharks offer him a deal on
Shark Tank Body Jac Update
- Entrepreneurs: Cactus Jack
- Business: Push up fitness product
- Ask: $180,000 for 20% equity
- Result: $180,000 for 50% equity
- Sharks: Barbara Corcoran and Kevin Harrington
Cactus Jack brought his daughter with him to
A single unit would cost between $20 and $30 to make and would be manufactured overseas in China. He plans on selling each unit for between $89 and $129. While the margins seemed reasonable, the sharks still had various concerns.
Cactus Jack told the sharks that he had experience building a business from scratch. Other products that he had developed had skyrocketed to millions of dollars, but over the years he admitted that his risks brought him back down as he has suffered heavy losses.
The sharks were slightly impressed, but also concerned about the level of risk.
Kevin O’Leary was the first shark to drop out, stating that investing would bring too much risk. Robert Herjavec felt that things didn’t add up, so he dropped out as well.
Kevin Harrington and Barbara Corcoran offered to pair up with a total offer of $180,000 for 50% equity, but they wanted Cactus Jack to lose weight as a contingency. Cactus Jack accepted their offer.
With a deal from Kevin and Barbara, what became of his company after appearing on
We have bad news to share in our Body Jac update. Unfortunately, the experience between the sharks and Cactus Jack was not a positive one.
Barbara heavily regretted making the deal, and the company ultimately went out of business. This will be our final Body Jac update.
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!