Jeff Wolsky brings a fresh take on the bobblehead business to
Shark Tank The Bobble Place Update
- Entrepreneur: Jeff Wolsky
- Business: Custom bobble heads
- Ask: $75,000 for 18%
- Result: No deal
- Shark: None
Jeff Wolsky entered
The sharks quickly gleaned that The Bobble Place was only part of a larger, established company that Jeff had.
Daymond John asked if the original company was profitable, and Jeff was a bit cautious with his answers. Ultimately, he admitted that the company was making seven figures.
Jeff specified that he was only seeking an investment into the kiosk-operated bobblehead business, not in the whole company.
He was looking to expand into retail, which immediately put Kevin and Robert Herjavec off.
None of the sharks were happy that the profitable business wasn’t part of the deal. Their enthusiasm completely vanished when Jeff could offer them no projected profits for the kiosk business.
Kevin offered $75,000 at 18% for the whole business, which Jeff immediately declined. Daymond John went out, because he thought Jeff wasn’t seeking a mutually profitable agreement.
Kevin Harrington followed, as he didn’t see why Jeff would need that much money to test out the kiosks.
Barbara Corcoran didn’t feel right about being denied the rest of the business, and went out.
The remaining Kevin changed his deal, offering $100,000 at 20% for the whole business, contingent on the mall expansion getting scrapped.
Robert offered $125,000 for 20%. Jeff countered by asking both sharks to partner up and offer $225,000 for 10% equity.
Kevin and Robert sent Jeff out of the room to confer. When he came back, they offered $100,000 for 20%, which Jeff declined.
Robert reiterated his initial solo offer of $125,000 for 20%, but Jeff countered with a 7% stake in the company.
Robert and Kevin went out, which left Jeff without a deal. How do you think he did after that? Keep reading The Bobble Place update to find out.
We have great news to share in The Bobble Place update. Research revealed that the company continues to operate online, with an annual revenue of $5 million.
The company has now been rebranded as WeBobble, and you can check out their bobble options on their website.
With a successful The Bobble Place update, it just proves that you don’t always have to leave with a deal.
Would you like to learn about the other companies featured on Season 1 Episode 10? Follow the links below for our other company updates from the episode.
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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!