CoatChex, a Ticketless coat check, was started by Derek Pacqué in 2010. As of September 2023, CoatChex’s net worth is $7 Million and they’re pulling in a whopping $3.5 Million in annual revenue.
On September 14, 2012, they appeared on Season 4 of Shark Tank USA seeking $200,000 for 10% equity valuing the company at $2 Million. However, the Sharks were not interested in investing in CoatChex. Sharks made 3 offers but the founder declined and gave counter-offers to sharks sharks didn’t impress so the founder had to walk empty-handed.
CoatChex company is still in business. Their products are available on the website.
CoatChex Net Worth
|Net worth||$7 Million (2023)|
|Annual Sales Revenue||$3.5 Million (2022)|
CoatChex Net Worth Timeline
|Net Worth 2023||$7 Million|
|Net Worth 2022||$6 Million|
|Net Worth 2021||$5 Million|
|Net Worth 2020||$4.5 Million|
|Net worth valuation in 2012 before appearing on Shark Tank||$2 Million|
CoatChex Pitch on Shark Tank
|Product||Ticketless coat check|
|Episode||Season 04 Episode 01|
|Asked for||$200,000 for 10% equity|
|Final deal||No deal|
|Location||New York, United States|
Don’t miss these products from Season 4
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, has a net worth of USD 7 Million as of 2023.
|2023||CoatChex company expanded its services to coat-checking to include bag-checking, and also ticketing.|
|2013||He was named to Forbes’ 30 Under 30 list|
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.