Boho Camper Vans Update | Shark Tank Season 11

Entrepreneurs David Sodemann and Brett Ellenson pitched their camper van, sale and rental company during Shark Tank Season 11. Boho Camper Vans is a solution to the many people taking up van life. However, converting a van yourself can be expensive, and very time-consuming. Their company makes it easy for those who don’t want to spend too much time or money prepping. Will they get a deal? Find out in our Boho update.

If you’re short on time, here’s a quick overview of what happened to Boho after Shark Tank!

David Sodemann and Brett Ellenson appeared on Shark Tank Season 11 and made a deal with Barbara Corcoran for $150,000 for 10% equity and another $150,000 as a line of credit. In terms of a Boho update, the camper van company is still in business. Within the first 8 months after appearing on Shark Tank, the company made $1.4 million in sales and brought in an additional $1 million in pre-sales.

Shark: Result:
Barbara Corcoran Accepted deal for $150,000 in cash and $150,000 as a line of credit for 10% equity
Kevin O’Leary $300,000 as a loan with a 9% interest rate over two years and 7% equity
Rohan Oza  $300,000 in exchange for 25% equity
Lori Greiner   $300,000 for 20% equity
Mark Cuban No offer

Shark Tank Boho Update

Boho Camper Vans update

  • Entrepreneurs: David Sodemann and Brett Ellenson
  • Business: Camper van sales and rentals
  • Ask: $300,000 for 10% equity
  • Result: $150,000 cash & $150,000 as a line of credit for 10% equity
  • Shark: Barbara Corcoran

Boho Camper Vans was started by David Sodemann and Brett Ellenson. David rented a camper van in Maui and came to the conclusion that this was a missing opportunity in the US.

With the rise of the ‘van life’ lifestyle, it was the perfect time to get started. Two months after returning, they’d finished their first van and rented it out when they weren’t using it.

Soon, they weren’t able to use it themselves because it was rented out too often! They figured they needed more vans, so they started making more.

Instead of using new vans, they find used cargo vans and convert them themselves. The vans have running water, an outdoor shower, and an insane storage system.

The sharks climb aboard to witness how cozy the vans are for themselves, and Lori Greiner is especially impressed.

The numbers speak for themselves. Vans aren’t terribly expensive to create—about $20,000 to make after they purchase one.

However, they rent it out for $200 a night, and one van can pay for itself in about eight months of rentals. Plus, they sell the converted vans as well, and about half of the vans they’ve sold are permanent residences for their new owners.

All in all, they’ve done $493,000 so far in the filming year, with a projected $800,000 by the end of the year. The only problem, they say, is with manufacturing.

Eventually, they want to get the process down to prefabrication, which will help to speed conversion along.

The sharks sense a great deal, and immediately start haggling. However, Mark Cuban drops out first, because he doesn’t think that it’s a great fit for him.

Guest shark Rohan Oza is the first to make an offer, but he wants more equity. He offers $300,000 in exchange for 25%, and he is not interested in haggling.

Before they can respond, Barbara Corcoran makes an offer. They need cash, of course, so she offers $150,000 in cash, and $150,000 as a line of credit for 10% equity.

Kevin O’Leary, ever the opportunist, cuts in with his version of a credit deal. He offers them $300,000 as a loan, with a 9% interest rate over two years, and 7% equity in the business.

However, the entrepreneurs are proud of being debt-free, so they say they’d rather avoid an offer that includes debt.

After being talked over a few times, Lori puts herself forward with a deal. She offers $300,000 for 20% equity but says that she wants to donate part of their revenue to the homeless for every van sold.

The entrepreneurs ask if Lori would drop down to 15% equity, but she refuses.

In the end, they have to make a decision. Despite the debt-free offers on the table, they decide to take Barbara’s offer.

It’s exactly what they asked but with half of the money as a line of credit. Was this a good deal for Barbara?

Keep reading our Shark Tank Boho update to find out what happened with the camper van business following the show!

We have great news to share in our Boho update. In an interview with Shark Tank Recap, David told us that Boho has gone from $500,000 to over $10 million in sales since Shark Tank.

Further, thanks to a Boho update in Season 12, we know that the camper van company did $1.4 million in sales within the first 8 months of their episode airing. Even better, they did another $1 million in pre-sales after that.

David also told us that the deal with Barbara went through and that working with her has been great! “Working with Barbara has been fun, inspiring, and motivating,” David told us.

“The monetary investment from Barbara was a nice cushion to expand our manufacturing, but the best value we received from the show was having Barbara in our corner. She’s always available to help us strategize for the future and her experience helps us navigate obstacles along the way.”

Additionally, we learned from their Instagram page that they have since moved into a new shop, expanded their team, and donated vans to first responders.

You can find more information about their new builds and programs Boho Camper Vans website.

We’d like to thank David for taking the time to give us an official Boho update!

If you’d like to learn about the other companies featured in Season 11 Episode 16, check out the links below:

For even more on companies and products, be sure to stop by our Season 11 products page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!