Danon Beres, the son of a famous belt-maker, is following in his father’s footsteps on
Shark Tank Washed Up Hollywood Update
- Entrepreneur: Danon Beres
- Business: Belts and belt buckles
- Ask: $500,000 for 25% equity
- Result: No deal
- Shark: None
Danon talked about how he learned the ropes of the industry following the tutelage of his father, and was now ready to break out on his own.
The sharks asked about numbers, and Danon said the belts retailed between $55 and $99. They cost around $40 to make.
At the time of filming, he’d had sales of $435,000 with a profit of $50,000. He was confident in his valuation of $2 million, but the sharks strongly disagreed with it.
Ultimately Robert Herjavec, Kevin Harrington, Barbara Corcoran, Kevin O’Leary, and Daymond John all went out due to the valuation that Danon gave the sharks. Without an offer, he was forced to leave
What happened next for his company? Keep reading our Washed Up Hollywood update to find out!
We have sad news to share in our Washed Up Hollywood update. While it flourished as a niche company for a while after airing, but has since gone out of business.
However, in our Washed Up Hollywood update research, we did find that Danon still sells some belts on his eBay store.
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Are you interested in the other companies featured on Season 1 Episode 8? 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!