Sleep-away camp is typically for kids but Adam Tichauer is recreating this experience for adults by catering to those over 21. Will the sharks enjoy this nostalgic twist during
Shark Tank Camp No Counselors Update
- Entrepreneur: Adam Tichauer
- Business: Sleep-away camp experience for adults
- Ask: $300,000 for 7.5% equity
- Result: No deal
- Shark: None
Next, he introduced them to his business model, which involved weekend packages for adults with an average age of 30. Adam rented camps during their off-season to provide this experience, which meant he only spent money on rent, staff salaries, and marketing.
Kevin O’Leary dwelled on his memories as a camp counselor to remind himself why he hated camping, and immediately stated that this wasn’t a project for him. Robert Herjavec wanted to know more about numbers.
Adam stated that he had four camps and had earned $160,000 in the past year. He was planning on eleven camps in the upcoming year, with projected sales of $800,000 and a profit of $165,000. He wanted to create corporate retreats.
Kevin went out because he said he wanted to always use what he was investing in, and his hatred of camping would have prevented him from enjoying Camp No Counselors. Mark Cuban asked why Adam was looking for the sharks’ investment.
Adam said he wanted new capital for marketing, especially for the corporate retreats. Most of the sharks stated that he didn’t seem to need any extra, and Daymond John said he seemed to be gold-digging.
Adam said he was planning to eventually sell some of the activities for licensing. Daymond went out, citing that he wasn’t interested in long-term investments but in quarterly or yearly profit.
Lori Greiner thought the concept was fun but did not believe in the valuation. Robert also thought the idea was good but did not see how his money would help the business. He went out.
Mark was the last shark standing, and also claimed he thought the idea was brilliant. He said that there was not enough upside to the deal.
Mark asked him to consider $300,000 for 25% equity. Adam countered that he would only consider that stake if all the sharks would join in on the deal. Mark was taken aback by that and went out.
Adam had to leave the tank with no deal. Let’s take a look at our no Camp No Counselors update to see what happened after the episode aired.
After his appearance on
Adam reopened his camps in 2021 and added wedding packages and company retreats. Annual revenue is currently at $3 million. You can check out the new packages on the Camp No Counselors website.
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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!