Vanable roared into the Shark Tank Australia spotlight in 2023 with sleek, high-end custom van conversions and a bold $6 million valuation. But did the van life dream turn into a long-term business success or veer off course?
In this in-depth analysis, we explore Vanable’s journey, from its eye-catching pitch to its surprising aftermath, company closure, and what went wrong. We’ll also break down the keyword everyone is searching for, Vanable net worth.
Founder Profile: Who’s Behind Vanable?
Sebastian Langton, a former yacht captain with a passion for mobile living, is the driving force behind Vanable. His years at sea honed his expertise in maximizing small spaces, and that knowledge translated seamlessly to designing efficient, luxurious van interiors.
“The thing I love about boats is no matter how big your boat is, there’s a space for everything,” Sebastian said on the show. “That mindset is exactly what we bring into every van we design.”
Before launching Vanable in 2021, Sebastian completed his first van conversion with his partner Freddy, quickly turning their hobby into a booming business.
At its peak in 2023, Sebastian’s share of the company valued him at an estimated $2.85 million, based on the projected valuation of $6 million. However, that number would shift significantly in the years that followed.
The Shark Tank Pitch: High Stakes in the Tank
Vanable entered the Tank with a clear value proposition, high-end, fully compliant custom van builds tailored to individual customer lifestyles. Sebastian asked for $300,000 for a 5% equity stake, valuing the company at $6 million.
His pitch was confident and polished. The Sharks were visibly impressed by the van’s design, functionality, and aesthetic appeal.
“It reminds me of a high-end yacht,” one Shark commented.
The van featured hot and cold running water, an induction stove, a retractable bed, and even marble countertops in premium builds. With lifetime sales of $2.7 million and projected annual revenue of $4 million in 2024, the business showed promise.
However, the valuation proved a sticking point.
Sabri Suby offered $300,000 for 5% royalty and 20% equity, dropping to 15% once repaid. Davie Fogarty countered with $300,000 as a loan for 20% equity. Sebastian declined both offers without countering.
“You’ve priced yourself out of an opportunity,” Davie warned.
The pitch ended with no deal, but Vanable left the Tank with strong public interest and traffic spikes on its website.
Vanable Pitch on Shark Tank (Quick Info Card).
| Product | A van conversion company |
| Episode | Season 05 Episode 07 |
| Founder | Sebastian Langton |
| Asked for | $300,000 offer for a 5% equity |
| Company name | Vanable |
| Final deal | No deal |
| Shark | No shark |
| Location | Sydney, New South Wales |
What Happened After Shark Tank? Post-Pitch Surge & Public Interest
After the episode aired, Vanable saw a surge in brand exposure. The website experienced high traffic, and inquiries spiked.
The company later launched a Birchal equity crowdfunding campaign that raised $300,000 in under 48 hours, validating public confidence.
But beneath the surface, cracks began to show. Customer complaints about delayed deliveries, poor communication, and unfinished work began surfacing in online reviews. While the product looked premium, operational issues hinted at internal growing pains.
Why Is Vanable Closed? Rebranding & Fallout
By early 2025, Vanable had ceased operations under its original name. The company was rebranded and is now known as Vanable Fitouts. The rebrand followed a pattern of negative reviews and failed deliveries.
The closure wasn’t officially announced, but customer forums and crowdfunding updates confirmed that the original Vanable entity was no longer active.
Vanable reviews cite a range of issues,
- Customers receiving incomplete builds
- Significant delivery delays (6+ months in some cases)
- Unresponsive customer service
A former customer shared, “I loved the design, but the build took twice as long as promised. Communication was non-existent.”
Despite a strong brand and vision, execution problems led to Vanable’s downfall.
Was Vanable Sold? How Much Was It Bought For?
There’s no evidence that Vanable was sold. Instead, it appears to have undergone an internal restructuring and rebranded into Vanable Fitouts, possibly as a strategic move to separate from the original brand’s negative press.
The rebrand was not accompanied by any public acquisition or buyout, and Sebastian Langton is still believed to be involved in some capacity.
Did the Sharks Miss Out or Dodge a Bullet?
Although Vanable showed early promise, the Sharks’ decision to walk away may have saved them from significant headaches. The company struggled with logistics and operational fulfillment, a red flag many of the Sharks picked up on.
Davie Fogarty, who passed on the deal, is known for successful ventures like The Oodie and Aussie Health Co., both of which have clear product scalability and fulfillment systems in place.
“When you scale fast without infrastructure, you risk the entire brand,” he once said in another episode. That insight proved prescient for Vanable.
How Much Did the Sharks Earn from Vanable?
None of the Sharks invested in Vanable, meaning they earned $0 from the deal. But considering the operational issues and eventual closure, this was likely a wise move.
Compared to high-return deals like The Oodie (also associated with Fogarty) or BuggyBeds, Vanable could have been a capital sinkhole rather than a success story.
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Vanable Net Worth 2025: Where Does It Stand Today?
At its peak, Vanable was valued at $6 million in 2023. By 2024, projected annual revenue hit $4 million, but profitability remained unclear.
In 2025, after rebranding and company restructuring, the Vanable net worth is now estimated at under $500,000, largely due to diminished public trust, unresolved customer issues, and the collapse of the original brand entity.
Sebastian Langton’s personal net worth has also likely declined, as he appears to still be involved in the restructured version of the business.
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Business Challenges & Strategy: Lessons from Vanable
Vanable’s story is a powerful example of how strong branding and vision aren’t enough without operational excellence.
“We built dreams,” Sebastian once said, but it turned out many customers were left chasing those dreams without delivery.
The company scaled quickly but lacked the backend systems, staffing, and customer service to support it. Rather than secure help through investment, Sebastian stood firm on his valuation, a decision that likely cost him long-term growth.
Had he accepted Shark guidance and capital, Vanable might have evolved into a market leader. Instead, it became a cautionary tale of ambition unmet by execution.
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TL;DR
Vanable was once valued at $6M, but after Shark Tank, customer complaints, and a rebrand, its net worth dropped below $500K in 2025.