Shark Tank CleanGreen Golf Balls Update

CleanGreen Golf Balls Update | Shark Tank Season 17

Every year, 1.5 billion golf balls go missing, and almost none of them are recovered. The industry keeps selling new ones, but hardly anyone goes back to collect the old ones. For decades, that was just how the game worked until Rami and Sami Mubasher saw an opportunity in this gap. They launched CleanGreen Golf Balls, a business that retrieves lost golf balls from golf courses, cleans and resells them to golfers at a lower price. Will the Texas brothers land a deal from any of the sharks? Let’s find out in our CleanGreen Golf Balls update and pitch recap.

SharkResult
Kevin O’Leary and Robert HerjavecAccepted offer of $350,000 for 15% equity + a $1 royalty per unit until $1.05M is paid
Allison EllsworthNo offer
Lori GreinerNo offer
Daymond JohnNo offer

Shark Tank CleanGreen Golf Balls Pitch

Shark Tank CleanGreen Golf Balls Update
  • Entrepreneurs: Sami & Rami Mubasher
  • Business: Reclaimed golf balls
  • Ask: $350,000 for 5% equity
  • Result: $350,000 for 15% equity + a $1 royalty per unit until $1.05M is paid
  • Sharks: Kevin O’Leary and Robert Herjavec

The Mubashers are not golfers. They are a family business born and raised in the Lost Pines of Central Texas, with a background in wireless retail. They are good at spotting the gap between what something costs and what it is actually worth.

For instance, a Titleist Pro V1 can retail for up to $70 a dozen at a clubhouse. The same ball, pulled from a pond a few weeks earlier and run through a proper cleaning process, sells for about $27 to the same golfer who likely lost it.

CleanGreen Golf Balls works with divers, golf course maintenance crews, and homeowners who collect balls from water hazards and other areas around golf courses.

At their facility, the balls undergo cleaning and sorting. They are soaked in cleaning solutions, run through washing machines, and then sorted by brand and condition. After that, the balls are repackaged and sold back to golfers.

The business launched in the summer of 2021. During the research phase, Rami sourced 20,000 used golf balls, and the brothers sold them all in one weekend.

From June through December 2021, CleanGreen generated $1 million in revenue. In 2022, sales jumped to $3 million. The business reached $4.5 million in 2023 and $6 million in 2024. For the current year, they projected $7.1 million in sales. Profit on the $6 million was about $700,000.

To explain the margins, the brothers pay about $0.30 per ball when divers recover them, and roughly $0.32 landed. On average, the balls sell for about $1.25 each.

Customer acquisition cost sits around $14, with an average order size of $50.

Guest shark Allison Ellsworth admitted she did not understand the golf market and decided to go out. Daymond John also stepped away, saying he had no connection to golfers. Lori Greiner liked the business but felt they did not need an investor and declined as well.

Kevin O’Leary proposed $350,000 for 10% equity plus a $1 royalty per package until he recouped his investment, dropping to $0.50 in perpetuity.

Robert Herjavec offered $350,000 for 17% equity with no royalty.

The brothers asked if the two sharks would consider partnering. Kevin agreed but insisted on keeping a royalty structure.

In the end, Kevin and Robert offered $350,000 for 15% equity + a $1 royalty per unit until $1.05M is paid.

The brothers accepted the deal and left the tank excited about the partnership.

Was this a good investment for Sami and Rami? Let’s find out in our CleanGreen Golf Balls update.

Shark Tank CleanGreen Golf Balls Update

According to our CleanGreen Golf Balls update, we have no news regarding the status of the deal made on Shark Tank with Robert and Kevin. As soon as something changes, we will report it.

Shortly after their episode aired, the company received a large spike in visitors to its website.

To celebrate their Shark Tank appearance, CleanGreen Golf Balls is offering 15% off your first order with the code “SHARK15.” 

The company is also promoting free shipping on orders over $69 through its official website.

We’ll monitor the brothers closely and bring you the latest in our next CleanGreen Golf Balls update.

For more updates from Shark Tank Season 17 Episode 13, be sure to check the links below:

Before you go, be sure to check out our list of all the Shark Tank Season 17 episodes.

Marvin
Marvin Uzor
Content Writer |  + posts

Marvin Uzor is a content contributor for Shark Tank Recap. He specializes in crafting engaging, well-researched content that delve into the latest Shark Tank stories, keeping readers hooked. He has a soft spot for his favorite Shark Tank companies, Bombas and Doorbot, known for their innovation and impact.