Cordaroy’s Net Worth 2023 Update (Before & After Shark Tank)

CordaRoys-Shark-Tank-US-Net-worth-Update

Cordaroy’s, a Bean bag chair that turns into a bed, was started by Byron Young in 1998. As of December 2023, Cordaroy’s net worth is $10 million and they’re pulling in a whopping $5 Million in annual revenue. 

On March 8, 2013, they appeared on season 4 of Shark Tank USA and made a deal with Lori Greiner, for $200,000 for 58% equity. The final valuation was $344,827, down from the founder’s initial estimate of $1 Million.

Cordaroy’s is the most comfortable & versatile bean bag chair in the world and Cordaroy’s is still in business. Their products are available to purchase on the official website.

Cordaroy’s Net Worth

Net worth$10 million (2023)
Annual Sales Revenue$5 Million (2022)
Profits$100,000(2013)
Lifetime sales$48.8 million
InvestorLori Greiner
FounderByron Young
Employees53

Cordaroy’s Net Worth Timeline

Net Worth 2023$10 million
Net Worth 2022$7.5 million
Net Worth 2021$6
Net Worth 2020$4 million
Net worth valuation in 2013 after appearing on Shark Tank  $344,827
Net worth valuation in 2013 before appearing on Shark Tank  $1 Million

Cordaroy’s Pitch on Shark Tank

ProductBean bag chair that turns into a bed
EpisodeSeason 04 Episode 19
FounderByron Young
Asked for$200,000 for 20% equity
Company nameCordaroy’s
Final deal$200,000 for 58% equity
SharkLori Greiner
LocationUniversity Avenue Gainesville, FL

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Cordaroy’s Founder

Cordaroy’s was founded by Byron Young in 1998. He is a very passionate entrepreneur. He also has a patented convertible bean bag chair. Cordaroy’s founder, Byron Young, has a net worth of $4 Million as of 2023.

Key accomplishments

YearAccomplishment
2023Cordaroy’s is known as the most comfortable & versatile bean bag chair in the world.
2013Cordaroy’s appeared on Shark Tank.

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 Cordaroy’s and its continued success.