Jeff Wolsky created a company called The Bobble Place, which allows clients to make their own custom bobblehead, a type of collectible toy. He came into Shark Tank and asked for money to open a physical retail store in shopping malls, amusement parks, and more.
In this post, we will find out if any of the 5 sharks decided to invest in Jeff’s company and how the business is doing now.
| Company Name | The Bobble Place | |
| Founder/Co-Founder | Jeff Wolsky | |
| Founded | 2009 | |
| Product | bobblehead maker | |
| Asked For | $75k for 18% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E10 | |
| Air Date | Oct 20th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | New Port Richey, Florida, United States | |
| Lifetime Sales | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Jeff made bobblehead toys of all 5 sharks to demonstrate his product. He revealed that his existing business in this niche generates millions of dollars in annual sales. However, he is seeking investment from the sharks for his new business venture, “The Bobble Place.”
The sharks are concerned because Jeff offered equity in his new business, even though his existing business generates millions of dollars annually.
He also mentioned that kiosks can be rented monthly for $1,500 and during the seasonal time for $3,000. Additionally, his existing business generates a profit ranging from $600,000 to $500,000 annually.
Kevin O’Leary offered $75k, but he wanted 18% equity in the existing business. However, Jeff declined the offer, stating that he didn’t need the $75k because the business was already generating huge profits.
Kevin made another offer of $75k for 15% equity in the existing business, but Jeff declined again. Daymond John expressed concern that the kiosk model might fail for the new business, and he wasn’t willing to take the risk. Therefore, he decided to opt out.
Kevin Harrington and Barbara Corcoran also declined to invest because of the high risk associated with the new business.
Kevin O’Leary and Robert Herjavec teamed up to offer $100,000 for 20% equity in the existing business. However, Jeff declined this offer. Robert made a solo offer of $125k for 20% equity, and Jeff countered with $100k for 7% equity, but Robert refused this counteroffer.
No deal was finalized in the end.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | $75k for 18% equity $50k for 10% equity (Robert) |
| Robert Herjavec | $50k for 10% equity (Kevin) $125k for 20% equity (Kevin) |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | $100k for 7% equity (Robert) |
| Final Deals | No Deals |
The Bobble Place Shark Tank Update
Jeff rejected the Sharks’ offers because he wasn’t willing to dilute the company’s equity too much. The company still sells custom bobblehead dolls on its website, webobble, and Jeff has dropped his new business idea, The Bobble Place.
According to our opinion, Jeff may have gone to Shark Tank with the hope of promoting his existing business. During our research on this business, we discovered that Jeff has been operating these businesses under the name HD Design Center LLC since 2013.
Here’s the link to explore updates on businesses from Season 1
