Tough Tie, an apparel product, was started by Kevin Shoemaker and Skylar Bennett in 2017. As of November 2023, Tough Tie’s net worth is $3 million and they’re pulling in a whopping $3-$4 million in annual revenue.
In 2020 May, they appeared on Season 11 of Shark Tank USA and made a deal with Robert Herjavec, $100,000 for 35% equity. The final valuation was $285K, down from the founder’s initial estimate of $666K.
As of 2023 November, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Tough Tie Net Worth
| Net worth | $3 million |
| Annual Sales Revenue | $3-$4 million |
| Profits | $400K |
| Lifetime sales | – |
| Investor | Robert Herjavec |
| Founders | Kevin Shoemaker and Skylar Bennett |
| Employees | 1-20 employees |
Tough Tie Net Worth Timeline
| Net Worth 2023 | $3 million |
| Net Worth 2022 | $2.5 million |
| Net Worth 2021 | $2 million |
| Net worth valuation 2020 after appearing on Shark Tank | $285K |
| Net worth valuation 2020 before appearing on Shark Tank | $666K |
Tough Tie Pitch on Shark Tank
| Company name | Tough Tie |
| Product | A company owned by Tough Apparel produces ties that you can wash in a washing machine regularly |
| Episode | Season 11 Episode 22 |
| Founders | Kevin Shoemaker and Skylar Bennett |
| Asked for | $100,000 for 15% equity |
| Final deal | $100,000 for 35% equity |
| Shark | Robert Herjavec |
| Location | California, USA |
Don’t miss these product from Season 11
Tough Tie Founders
Tough Tie was founded by Kevin Shoemaker and Skylar Bennett in 2017. Kevin Shoemaker and Skylar Bennett used to be real estate brokers. Their job required them to dress nicely and wear ties every day. But, when they became parents, keeping their ties in perfect shape became hard. Tough Tie’s founders, Kevin Shoemaker and Skylar Bennett, have a net worth of $2.8 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2020 | The company appeared on Shark Tank Season 11 and got the deal from Robert Herjavec. |
| 2021 | They changed the business name to Tough Apparel. In July 2021, they also included dress and casual shirts, ratchet belts, and socks in their collection. |
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 Tough Tie and its continued success.