Keeping toddlers entertained throughout the day can be hard. That’s why Michael and Babz Barnett have created a play center offering a variety of classes for parents to bring them to. Will their company earn a deal on
Shark Tank Romp n’ Roll Update
- Entrepreneurs: Babz and Michael Barnett
- Business: Toddler play centers with gym, art and music classes
- Ask: $300,000 for 10% equity
- Result: No deal
- Shark: None
Babz and Michael entered
The sharks wanted to know about sales. Babz told them that they currently had ten locations, with two corporate stores and some franchising.
In the previous year, the sales had been $1.2 million, with a profit of 30%, not including salaries.
Robert Herjavec was interested in how much they invested in marketing. Michael said it was only 1%, with Babz saying they were focusing a lot on ‘mommy marketing’.
Kevin O’Leary wasn’t sure the business model would work out in the long run, and went out. Daymond John went out because it wasn’t the right fit for him.
Kevin Harrington went out because he didn’t see it appealing to the national market. Barbara Corcoran said she couldn’t get over how her local Gymboree had just closed, so she went out.
Robert was the only shark remaining, but Babz and Michael were focused on trying to get the other sharks back in.
He took that as a sign of them not being prepared and focused, but he still made them an offer of $300,000 for 51%. Babz and Michael went to confer in the hall, while Kevin O. offered to join the deal.
The business duo countered with $300,000 for 20% but Robert and Kevin stuck to their deal, and went out. Babz and Michael left
How did the company fare after that? Keep reading our Romp n’ Roll update to find out!
Our Romp n’ Roll update shows that despite the lack of a deal, the business is still thriving.
During our Romp n’ Roll update research we found that the company currently has an estimated $4 million in annual revenue and 95 international locations. You can check out what Romp n’ Roll offers on their website.
Would you like to learn about the other companies featured on Season 1 Episode 11? Follow the links below for our other company updates from the episode.
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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!