The ticketless coat check system for events and venues, CoatChex going strong in the market since its appearance on Shark Tank season 04. Despite not securing a deal on the show, the company leveraged the exposure to expand its digital, ticketless coat check system.
CoatChex now boasts a net worth of $7 million and annual revenue of $7 million. They have secured notable partnerships with high-profile clients like Madison Square Garden, Hilton, and Nike. Moreover, they have expanded their services to include luggage and bag checking at various venues, including corporate events, weddings, and hotels.
CoatChex Net Worth
| Estimated Net worth | $7 Million (2024) |
| Annual Sales Revenue | $7 Million (2024) |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Derek Pacqué |
| Employees | 51-200 |
CoatChex Pitch on Shark Tank
| Company name | CoatChex |
| Product | Ticketless coat check |
| Episode | Season 04 Episode 01 |
| Founder | Derek Pacqué |
| Asked for | $200,000 for 10% equity |
| Final deal | No deal |
| Shark | None |
| Location | New York, United States |
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CoatChex Founder
CoatChex was founded by Derek Pacqué in 2010. Pacqué is a graduate of the Kelley School of Business. He has a degree in Management. CoatChex’s founder, Derek Pacqué’s net worth is unavailable as of 2024. However, based on his business valuation, Derek should have an approximate net worth of $2 million.
Key accomplishments
| Year | Accomplishment |
| 2023 | CoatChex company expanded its services to coat-checking to include bag-checking, and also ticketing. |
| 2013 | Derek was named to Forbes’ 30 Under 30 list. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for CoatChex and its continued success.
