OotBox Temporary Offices Update | Shark Tank Season 13
Remote workspaces can be hard to come by, and setting up your PC in your kitchen doesn’t cut it sometimes. OotBox’s portable, temporary office spaces can change that. You can lease them monthly and put a home office right in your backyard. Just plug it in and it’s ready to go! After being pitched on
Shark Tank OotBox Update
- Entrepreneur: Robbie Friedman and Allison Zofan
- Business: Portable, temporary outdoor offices made from shipping containers
- Ask: $300,000 for 5% equity
- Result: $300,000 for 10% equity
- Shark: Barbara Corcoran
Robbie Friedman and Allison Zofan launched their temporary office business, OotBox, in June of 2020. These portable offices are fully functioning outdoor office spaces. They are temperature-controlled, carpeted offices that can be delivered to most backyards. All you need is a plug — and about $20,500 to purchase one.
Though the sharks were initially shocked at the cost, Robbie revealed that they had nearly $1 million in sales since launch. Guest shark Daniel Lubetzky didn’t understand the need and overall the sharks seemed skeptical.
Lori Greiner was the first to go out. She thought it was a clever idea for COVID, but it wasn’t right for her. Mark Cuban followed, stating that he preferred businesses that feed off of themselves. Daniel dropped out, too because he didn’t see how they could move forward after post-COVID sales dropped off.
While Kevin O’Leary had his own reservations, he eventually made an offer. He offered Robbie and Allison $300,000 for 5% equity, plus $1,000 royalty on each box until he made $600,000. Before they could react, Barbara stepped in.
Barbara loved the business model. She offered $300,000 for 20% equity. Because of this, Kevin revised his offer to $300,000 for a 15% stake.
Robbie countered Barbara for 7% equity, but she refused. She said she’d do it for 10% equity if they accept without any more debate. Kevin reduced his offer to 9% equity, too.
Despite this bidding war, Robbie and Allison chose to accept Barbara’s offer. Was this the best choice? Find out in our OotBox update.
Shark Tank isn’t the only place you can find OotBox. This company has had pieces in The New York Times, The Wall Street Journal, Business Insider, and Architectural Digest before appearing on the show! These boxes have drawn a ton of attention even before appearing on the show. You can find two different pre-built options on the website, as well a custom option. Our Ootbox update didn’t turn over any new sales numbers, yet but we will be sure to keep an eye out for an update.
Want to catch up with the other companies featured in Season 13 Episode 16? Find our company updates below.
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