#Ash and anvil tv

The company’s revenue is little more than $1 million per year as of December 2021. They’ve raised slightly more than $5 million since the show aired. They reached $1 million in sales in May of 2018, around 7 months after they aired.Ī year later, they received $1.2 million in venture capital investment.

#Ash and anvil tv

Since the episode, the company has gained a lot of attention in the mainstream media, with TV appearances on CNN and CNBS, as well as stories in Slate and Bustle magazine. They changed the name of the firm to Ash and Erie just before their episode aired owing to worries from “a larger organization” that they were infringing on some of their trademarks. The boys were able to gather funds on their own, it turns out.

The contract with Mark was never completed. Wonderful, on the other hand, offers $100,000 for 15% before they took Cuban’s offer.ĭespite first declining Cuban’s offer, the pair eventually accepts it. He wants them to accept right now before hearing from O’Leary. Mark Cuban loves the company and has offered $150,000 for a 25% stake. Lori claims that wasn’t the ideal business partner for her, and she was out as well.ĭaymond didn’t like the stereotype attached to shorter guys having “special clothing,” so he’s out as well. Robert feels they have a good idea, but the clothing line isn’t for him he’s out. With one in every three males in the United States being under five feet eight inches tall, they have 40 million men to market to. Steven indicated that building up an inventory was the company’s largest issue at the present, hence the need for more investment. They sell the shirts for $79 and create them for roughly $35, resulting in a profit margin of around 55%. Kevin is curious about the $130,000 in sales over the course of nine months. He strolled over to compare himself to Eric and Steven. Robert inquires as to what qualifies being short, and they respond that it is five feet eight inches or shorter.ĭaymond John stepped up and proclaimed that he was five feet eight inches tall. The questions begin once they have distributed the samples. They begin their pitch by lamenting how difficult it is for shorter men to find clothing.Īt the end of the presentation, they pull off their shirts, revealing well-fitting Ash and Anvil shirts. Steven and Eric appear on Shark Tank Season 9 Episode 5 in search of $100,000 in exchange for a 12.5% stake in their company.

What happen to Ash and Anvil at the Shark Tank Pitch? A shirt costs $79 and jeans cost $159, respectively. Their items are also manufactured in the United States. With a successful IndieGoGo campaign that garnered $26,461, they were able to get seed money to create modest runs of their initial designs. Steven and Eric were sick of having to pay extra to have their clothes customized to fit them.Īs a result, they founded a business that not only caters to shorter guys, but also enables them to feel good about themselves and confident.

This brand currently sells jeans, shorts, polos, and crew necks, among other things. The Ash & Anvil clothing brand began with shirts and gradually expanded into a firm that offers a variety of items for short guys.