Are you finding it difficult to do pushup workouts? Cactus Jack has a new product called Body Jac, which is a pushup system that uses different bands to help manage the weight and push the body upwards.
Cactus needs investment to finalize his product for people. Did he get a deal on Shark Tank Season 1 or not? Let’s find out more about this.
| Company Name | Body Jac | |
| Founder/Co-Founder | Cactus Jack | |
| Founded | 2008 | |
| Product | Pushup Workout System | |
| Asked For | $180K for 20% equity | |
| Final Deal | $180K for 50% equity + Cactus Loss 30 lbs | |
| Shark | Kevin Harrington & Barbara Corcoran | |
| Episode | S1 E5 | |
| Air Date | Sep 6th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | United States | |
| Lifetime Sales | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Cactus is a lifelong entrepreneur. He has invented many products. Some years ago, he was struggling with high blood pressure. His doctor advised him to do daily pushups, but he couldn’t do them because of being overweight. Then he came up with the idea of creating the Body Jac product.
He revealed that his product is currently in the prototype stage. He estimates the making cost to be $20-$30, and the retail price could range from $89-$129. Kevin O’Leary didn’t find the company’s valuation worth, so he said he’s out.
Robert Herjavec doesn’t believe in Cactus, so he’s out. Kevin Harrington and Barbara Corcoran teamed up to offer $180k in exchange for 50% equity in the company. There’s one condition: Cactus has to lose 30 pounds by working out on the new machine.
Daymond John offered $180k and he wants 50% ownership of all Cactus Jack products. Cactus accepted Kevin and Barbara’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | $90k for 25% equity plus loss 30lbs |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | $90k for 25% equity plus loss 30lbs |
| Daymond John | $180k for 50% equity in all Cactus Jack Products |
| Founder’s (Countered) | No Counters |
| Final Deals | $180k for 50% equity plus loss 30lbs |
Body Jac Shark Tank Update
There’s good news: Cactus finalized the deal with Kevin and Barbara after losing 30 pounds. However, Barbara regrets making this deal. Our research found information about the Body Jac product available on Amazon, but buyers had given it negative reviews.
Unfortunately, Body Jac couldn’t sustain and went out of business. Now, Jack Barringer, also known as Cactus Jack, is running a marketing company called Cactus Jack’s Marketing.
There are some other updates about Shark Tank businesses down below that you might want to know.
