- Company: Boom Boom
- Owners: Chelsea and John Pinto
- Product: Energy Nasal Inhalers (Pocket Aromatherapy Products)
- Asking Price: $300,000 for 10% equity
- Final Deal: None
- Sharks Who Took The Bait: None
What Exactly Is Boom Boom?
Boom Boom is an essential oil-based nasal inhaler aimed at rejuvenating the mind and offering instant freshness. John and Chelsea Pinto founded Boom Boom whilst on vacation in Thailand. They noticed that the majority of the participants brought their inhalers around with them to help them stay awake.
This inhaler will help you focus and renew your job as fast as possible, as well as boost your mood and breathing. Berry Breeze, Cinnamint, Melon Drop, and Water Mint are just a few of the smells offered in Tropical Rush.
Who Is the Founder of Boom Boom?
It was started in 2010 by John and Chelsea Pinto. While on a vacation to Thailand, they jointly came up with the idea for Boom Boom. They noticed a number of people using nasal inhalers, which they used to stay awake for all-night parties.
The couple decided to make the product themselves. To make a comparable product with superior components, they engaged the aid of scientists and health experts. Even though they have had remarkable success, they will require further investment to achieve the required exponential expansion.
They require exposure in order to boost their brands’ market visibility. The duo showed incredible patience and persistence by dedicating three years to developing the invention. Their motivation originates from a desire to educate everyone about the benefits of nasal inhalers, including their friends and family.
What Happened to Boom Boom During His Shark Tank Pitch?
Because they were experiencing rapid growth and wanted to raise brand awareness, John and Chelsea decided to present their idea on Shark Tank. They anticipated that being a part of the program would increase awareness of the inhaler, but they also realized that more funding may help the device go to the next level.
When John and Chelsea took the stage, they begged the sharks for $300,000 in exchange for a 10% stake in their company. According to John, the company generated $754,000 in revenue and was on track to make $1.1 million.
He also indicated that 20% of their sales were made directly to customers via their company website, 30% of their sales were made through Amazon, and the remaining 45 percent were distributed through wholesalers and other 5% distributors.
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The product wowed Kevin O’Leary, Lori Greiner, Mark Cuban, and the guest Charles, yet they were all out of the transaction. Robert Herjavec will have the option to make his $300,000 offer in return for 36 percent of the company’s equity shares. John counters with a $300,000 offer for 15% stock shares.
Robert Herjavec makes the last offer of $300,000 for a 25% stake in the company. Finally, the Boom Boom business walked away from the pitch without a deal.
What Happened to Boom Boom After the Shark Tank?
Boom Boom is still doing well, despite the fact that they did not strike a deal with a shark. The product is now accessible at Walmart, in addition to the firm’s website and Amazon, which is a huge milestone for the company.
The company’s business has grown to 6,000 sites across the US, with more than 800 Walmart shops carrying its products. Boom Boom continues to sell on Amazon for 60% less than what they charge on their own website.
Boom Boom’s Net Worth:
In 2022, Boom Boom’s net worth was estimated to be above $4 million.
