Long Wharf Supply Co. is a sustainable clothing company making sweaters primarily with recycled plastic and oyster shells. The company was started by Lauren Lamanga and Mike Lamanga in 2016. As of September 2023, Long Wharf Supply Co. has a net worth of around $3 million. Furthermore, they’re pulling in a whopping $1 million in annual revenue.
In 2021 they appeared on Season 13 of Shark Tank USA, seeking $375,000 for 15% of equity, valuing the company at $2.5 million. Peter Jones made an offer of $375,000 for a 45% equity. However, the Lamangas’ countered it for 25%; thus, Peter withdrew the offer.
Despite not securing a deal at the Shark Tank, the Long Wharf Supply Co thrived soon after their pitch. As of September 2023, they are still active in business. You can buy these eco-friendly sweaters from their website and physical store in Boston.
Long Wharf Supply Co. Net Worth
|Net worth||Around $3 million (2023)|
|Annual Sales Revenue||Around $1 million (2023)|
|Founder||Lauren Lamanga and Mike Lamanga|
|Employees||5 – 10|
Long Wharf Supply Co. Net Worth Timeline
|Net Worth 2023||Around $3 million|
|Net Worth 2022||Around $3 million|
|Net Worth 2021||–|
|Net Worth 2020||–|
|Net worth valuation 2021 before appearing on Shark Tank||$2.5 million|
Long Wharf Supply Co. Pitch on Shark Tank
|Company name||Long Wharf Supply Co.|
|Product||Sweaters made with recycled plastic and oyster shells|
|Episode||Season 13 Episode 02|
|Founders||Lauren Lamanga and Mike Lamanga|
|Asked for||$375,000 for 15% Equity|
|Final deal||No deal|
|Location||Seabrook, New Hampshire|
Don’t miss these products from Season 13
Long Wharf Supply Co. Founders
Long Wharf Supply Co. was founded by Lauren Lamanga and Mike Lamangain in 2016. This sister and brother duo were keen to make an eco-friendly apparel brand. Long Wharf is an outcome of their passion, values as well and skills. Long Wharf Supply Co.’s founders, Lauren Lamanga and Mike Lamanga, have a net worth of 5 Million USD as of 2023.
|2021||Shark Tank appearance|
|2022||Opening a physical store in Boston|
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 Long Wharf Supply Co. and its continued success.