Collars and Co is an apparel line for polo shirts, started by Justin Baer in March 2021. As of September 2023, Collars and Co’s net worth is $1.2 million. The company is also pulling in a whopping $5 million in annual revenue.
In November 2022, they appeared on Season 14 of Shark Tank USA and made a deal with Mark Cuban and Peter Jones, for $300,000 for 10% of equity +$700k line of credit. The final valuation was $4.5 million, down from the founder’s initial estimate of $7.5 million.
Collars and Co Net Worth
|Net worth||$1.2 million (2023)|
|Annual Sales Revenue||$ 5 million (2022)|
|Lifetime sales||$14.2 million (2023)|
|Investor||Mark Cuban and Peter Jones|
|Employees||10 – 50|
Collars and Co Net Worth Timeline
|Net Worth 2023||$1.2 million|
|Net Worth 2022||$1.2 million|
|Net Worth 2021||–|
|Net Worth 2020||–|
|Net worth valuation 2022 after appearing on Shark Tank||$3 million|
|Net worth valuation 2022 before appearing on Shark Tank||$7.5 million (business valuation)|
Collars and Co Pitch on Shark Tank
|Company name||Collars and Co|
|Product||Apparel line for polo shirts|
|Episode||Season 14 Episode 06|
|Asked for||$300,000 for 4% Equity|
|Final deal||$300,000 for 10 % Equity + $700k line of credit.|
|Sharks||Mark Cuban and Peter Jones|
Don’t miss these product from Season 14
Collars and Co Founder
Collars and Co was founded by Justin Baer in 202. Justin is a Marketing and Finance degree holder from the University of New York. And he has years of experience as an entrepreneur. Collars and Co’s founders/founder, Justin Baer, has a net worth of 21 million USD as of 2023.
|2022||Shark Tank pitch|
|2023||Expanding as a strong business, opening up a new physical store|
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 Collars and Co and its continued success.