Former NFL tight end, Thomas Hill, developed a fitness program for kids using bounce houses and other inflatables. Will his company earn a deal on
Shark Tank Bounce Boot Camp Update
- Entrepreneurs: Thomas Hill
- Business: Kids exercise class
- Ask: $30,000 in exchange for 20% equity
- Result: No deal
- Sharks: None
Thomas brought his kids’ workout company to the tank. His Bounce Boot Camp combines inflatable bounce houses with obstacle courses and games, resulting in a fun yet intense workout. He implements a unique military rank-style reward system to keep kids motivated.
What’s more, his gym is mobile, so Thomas can pull his many inflatables on a trailer anywhere he want to hold class. He rents outdoor spaces and holds his workout sessions at schools, recreation centers, parks and more.
Each class lasts 60 minutes, and class packages are offered at a cost ranging from $99-$250 depending on the number of sessions. In the 16 months prior to filming, his business had just $43,000 in sales, earning him the side-eye from several sharks. Thomas said that those earnings came from only working one day per week, as he had a full-time job as a pharmaceutical sales rep.
Thomas came to the sharks wanting to license the program, so his boot camp could spread throughout the country. It would cost a franchisee $40,000 to set up a new camp using Thomas’ program. At the time, he hadn’t yet sold any licenses.
Mark Cuban saw the potential in Bounce Boot Camp, but said the business needed to bulk up their sales for investors to be interested. Lori Greiner agreed that it was too early in the game. Kevin O’Leary didn’t like the low sales. Mark, Lori and Kevin were out.
With just two sharks left, Thomas pleaded his case to Robert Herjavec, saying that his start up was just beginning, his ask was small and he would do all the work. Robert said he didn’t see how an investment would make him a worthy return, so he was out. Daymond John felt the business model wouldn’t be successful, and he was the last shark out.
All the sharks loved Thomas’ idea and his passion, but in the end, he walked away without a deal. What happened next for his company? Keep reading our Bounce Boot Camp update to find out!
We have good news for our Bounce Boot Camp update! The company is still in business, with at least two Bounce Boot Camp locations in 2023 in Arizona and New York. The company has an estimated annual revenue of $1.5 million today.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!