Baz Barnett and Michael Barnett founded Romp n’ Roll, a chain of children’s play and learning centers, to help parents struggling to engage their kids in learning, play, and various physical activities.
Will their company get an investment in Shark Tank Season 1? Let’s find out what happened to this business in the end.
| Company Name | Romp n’ Roll | |
| Founder/Co-Founder | Baz Barnett and Michael Barnett | |
| Founded | 2004 | |
| Product | Kids Gym, Art, Music, parents and learning class franchise | |
| Asked For | $300k for 10% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E11 | |
| Air Date | Jan 8th, 2010 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Glen Allen, Virginia, United States | |
| Lifetime Sales | $30M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Baz and Michael explained their business to the Sharks and mentioned that their company is valued at $3 million. Baz emphasized that the difference between cascade players and MP3 players mirrors the distinction between Gymboree classes and their Romp n’ Roll business.
They are currently present in 10 locations, including 2 corporate stores. Michael disclosed that their annual sales last year amounted to $1.2 million, with a 30% profit margin. Additionally, they allocate 1% of their sales to marketing efforts.
Kevin O’Leary stated that his gut feeling prevents him from considering an investment in this business due to the significant risks involved, so he is out.
Daymond John and Kevin Harrington felt that this business wasn’t the right fit for them, so they decided not to invest.
Barbara Corcoran shared that her experience with Gymboree had been significantly negative, so she couldn’t invest in this company.
Robert Herjavec and Kevin O’Leary teamed up to offer $300k for 51% equity. Michael countered with $300k for 20% equity, but the Sharks declined the offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | $150k for 25.5% equity |
| Robert Herjavec | $150k for 25.5% equity |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | $300k for 20% equity |
| Final Deals | No Deals |
Romp n’ Roll Shark Tank Update
Baz and Michael made a smart decision by not giving away control of their business. They focused their efforts on making the franchise model successful. Currently, Romp n’ Roll services are available at nine locations across the United States, including Connecticut, Florida, New Jersey, North Carolina, Pennsylvania, Texas, and Virginia.
Romp n’ Roll was present in 95 locations both in the United States and internationally. In 2009, they opened their first international franchise store, and within a few years, they had expanded to over 300 playground centers in China alone by 2016.
Currently, they are focusing more on expanding their U.S. operations. Their annual revenue is currently $4 million. The average cost for their indoor playground franchise is $462,920 per location.
If you’re searching for more businesses from Shark Tank Season 1, here are the updated links.
