As of today, Boho has sold over 110 vans and has a rental fleet of 85 camper vans. It is one of the few companies from Shark Tank that survived the COVID-19 lockdown and became highly successful after that.
Boho Vans Net Worth is $25 million. As per Shark Tank Update, the company’s sales revenues are $7 million per year. Baraba invested $300k into Boho Vans for a 10% stake in the company.
Boho Vans Net Worth
- Net Worth: $25 Million
- Annual Revenue: $7 Million
- Profits: $2 Million
- Lifetime Sales: $19 Million
- Employees: 14
- Investor: Barbara Corcoran
Sales after Shark Tank
When Boho Vans pitched on Shark Tank, their annual sales were $490k. In the one year after appearing on Shark Tank, their sales rose to $2.4 million.
Even though COVID has severely affected their growth, they are back on their feet now. As of today, Boho Vans generates $620k in monthly revenues with over 35% profit margin.
Shark Tank Pitch
The founders of Boho Vans pitched on Shark Tank for a $300k investment in exchange for 10% equity. Boho Camper Vans offer features like kitchens, beds, and solar-powered electricity for full-time mobile living.
The vans are easy to drive and affordable, with a rental cost of $200 per night and a 3-night minimum. They sought investment to scale operations. Kevin offered $300k for 33% equity, Rohan for 25%, and Barbara proposed $150k as equity and $150k as a loan for 10% equity.
Lori offered $300k for 20% equity, with a charitable component of donating vans to the homeless. The founders accepted Barbara’s deal due to her real estate expertise.
FAQs
One Boho Van will cost $49,000 to buy, including taxes and fittings.
David Sodemann is the CEO and Co-founder of Boho Vans, who appeared on Season 11 of Shark Tank.
Boho rents and sells low-cost camper vans.
Boho Camper Vans generate over $7 million in revenues annually making it one of the most successful products from Shark Tank.