Trey Kitchen and Rachael Phillips came onto
Shark Tank GOGA Goat Yoga Update
- Entrepreneurs: Trey Kitchen and Rachael Phillips
- Business: Goat Yoga
- Ask: $50,000 for 15% equity
- Result: No deal
- Sharks: None
With an asking investment of $50,000, Trey and Rachael admitted that they were looking to give up 15% equity in their company GOGA Goat Yoga. While the sharks didn’t immediately seem interested, they did at least want to learn more about the company’s current business model.
A single yoga class from GOGA Goat Yoga costs about $25. The company specifically hires yoga instructors to handle the classes which are part of the its expenses. Private events are also available at a slightly higher cost, depending on the specific location and circumstances.
During the most recent year, Trey told the sharks that the company has generated $250,000 in sales from the company’s goat yoga classes. With the negotiations starting, it was time to figure out if GOGA Goat Yoga was going to receive an investment from any of the sharks.
Mark Cuban was the first shark to drop out and he was quickly followed by guest shark, Alli Webb. Lori Greiner saw the company as a novelty business but also decided to drop out. Kevin O’Leary and Robert Herjavec were also not interested in making an offer, forcing Trey and Rachael to leave the S
Let’s transition to our GOGA Goat Yoga update to see how the company is doing now after its appearance on
The GOGA Goat Yoga update is not super exciting as the company’s growth has not experienced much progress since its initial appearance on
You can find the other company updates from Season 10 Episode 14 here:
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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!