Cordaroy’s Net Worth 2023 Update (Before & After Shark Tank)
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.
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Join Us TodayCordaroy’s Net Worth
| Net worth | $10 million (2023) |
| Annual Sales Revenue | $5 Million (2022) |
| Profits | $100,000(2013) |
| Lifetime sales | $48.8 million |
| Investor | Lori Greiner |
| Founder | Byron Young |
| Employees | 53 |
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
| Product | Bean bag chair that turns into a bed |
| Episode | Season 04 Episode 19 |
| Founder | Byron Young |
| Asked for | $200,000 for 20% equity |
| Company name | Cordaroy’s |
| Final deal | $200,000 for 58% equity |
| Shark | Lori Greiner |
| Location | University Avenue Gainesville, FL |
Don’t miss these products from Season 04
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
| Year | Accomplishment |
| 2023 | Cordaroy’s is known as the most comfortable & versatile bean bag chair in the world. |
| 2013 | Cordaroy’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.