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.
As of September 2023, this elegant polo shirt brand actively run its operations. You can buy their premium quality products through their website, they also opened their latest store in Chicago.
Collars and Co Net Worth
| Net worth | $1.2 million (2023) |
| Annual Sales Revenue | $ 5 million (2022) |
| Profits | – |
| Lifetime sales | $14.2 million (2023) |
| Investor | Mark Cuban and Peter Jones |
| Founder | Justin Baer |
| 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 |
| Founder | Justin Baer |
| Asked for | $300,000 for 4% Equity |
| Final deal | $300,000 for 10 % Equity + $700k line of credit. |
| Sharks | Mark Cuban and Peter Jones |
| Location | Bethesda, Maryland |
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.
Key accomplishments:
| Year | Accomplishment |
| 2022 | Shark Tank pitch |
| 2023 | Expanding as a strong business, opening up a new physical store |
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 Collars and Co and its continued success.