Baubles and Soles Net Worth 2021

Baubles and Soles is a children’s shoe brand that offers a wide variety of interchangeable baubles to make your child’s shoes unique. It is a customizable shoe that is machine washable and can be altered to fit your child’s needs. This company is run by a husband and wife pair of entrepreneurs, Lisa and Duc Nguyen.

The two of them met while living in Washington, DC. They married and had children. However, they found themselves frustrated when it came to shopping for shoes for their children. Fortunately, they were able to come up with a solution that was both affordable and practical. In fact, they were able to solve the problem by creating a footwear design that was slip resistant.

They decided to enter the world of Shark Tank in hopes of finding a business partner willing to invest in Baubles and Soles. They wanted to expand their business and were looking for a way to get better market insight.

After the couple went on Shark Tank, they received a huge boost in sales. As a result, their company’s net worth has increased, and they are projected to earn more than $300,000 by 2022. Since appearing on the show, their revenue has increased by more than double. But now, they are facing some issues with their inventory.

After going on Shark Tank, they received an offer from Shark Daymond John. He offered them a $100,000 investment in exchange for 25% equity in the firm. He also said that the shoe would not fail.

Daymond John believes that Baubles and Soles is a great product and will succeed. He even mentioned that he was impressed by the work ethic of the founders.

When the couple appeared on Shark Tank, they hoped to find a partner who was willing to invest at least $100,000 for a 15% equity stake in the company. At that time, the company had generated $150,000 in sales. Now, the pair is expected to raise their total to over $300,000.

Daymond John’s deal helped the company’s growth. In fact, they now have a net worth of $400,000. They are expected to grow their sales to $300,000. Their website states that their customer return rate is 46%. Many parents like the versatility of the product.

In addition to being environmentally friendly and cruelty free, Baubles and Soles are made from a blend of soy wax, 1% cotton oil, and 95% soybean oil. Baubles and Soles are fully recyclable and they are made in the United States. There is also a 30-day turn around time for your order. Additionally, Baubles and Soles are vegan.

Today, Baubles and Soles sells their products online, through Amazon Prime, and at various local stores. They are available in a variety of colors and sizes. The company’s shoes are handmade and are cruelty-free. Currently, they have a revenue of $207,672. With the help of Daymond John, they are planning to expand their product line to new territories.