Camp No Counselors Shark Tank Pitch
Camp No Counselor delivers an all inclusive sleep-away camp during the off season and do everything that kids do without counselors. They start every morning with Bloody Marry's and Mimosas and end up with campfire and S'mores at night.
Camp No Counselor provides all the meals, open bar all weekend long, and all accommodations including transportation. They do their camps right before and after the camping season for kids. Cost is $407 average and they work directly with the camp owners giving them incremental extra income for their properties.
The average age of their attendees is thirty years old and they grossed $160,000 for four camps, and are doing eleven camps in the Shark Tank pitch year for $760,000. They have $160,000 profit. The plan is to expand to doing camps at the same time, allowing them to scale. They have a $100,000 loan as the only debt.
Adam thinks that he can sell this business to another buyer and that is the cash out for the Sharks.
Camp No Counselors Episode Data
- Company: Camp NO Counselors
- Entrepreneur: Adam Tichauer
- Ask: $300,000 for 7.5% equity
- Episode Season 7 Episode 728
- Companies in this episode:
- Camp NO Counselors
- EVP Extreme Vehicle Protection
- Gladiator LaCross
- VP Cabs
- Mistobox – Featured Update
- Sharks:
- First Aired: 05/13/2016
- Deal: No Deal
What do the Shark Tank Investors say about Camp No Counselors?
- Mark Cuban – asks what does Adam need the Sharks for? and he responds the capital to expand into new markets. They can hire the teams for the new markets, but he needs more upfront capital to advertise in each market. Mark thinks it is a great idea, but the amount of equity he is giving up is nothing. There is not enough upside. Adam comes back and asks how to we make it enough so you will be excited. Mark said that if he gave up 25% he would do it. Adam asked to have everyone on board for 25%, and the Sharks hesitated but Mark is out.
- Daymond John – thinks that giving up 7.5% is really is Adam being a gold digger, and is not giving up enough capital. He is saying he doesn't need the Sharks, and he keeps coming back to needing the capital. He is out.
- Kevin O'Leary – doesn't see anything wrong with the business model, but he hates camping. He has a rule that he uses his products in Shark Tank. He would never go so, he is out.
- Lori Greiner – thinks it is clever, and sounds like fun, but the valuation is out of wack and she does not see it as investible for her. She is out.
- Robert Herjavec – keeps saying that he is generating the cash that he needs to expand his camps. He doesn't see how the investment works. He is out.
Camp No Counselors after Shark Tank
Camp No Counselors is currently operating in 12 locations and continues to generate a ton of interest and excitement. The media loves the business as shown by all the places covering the company. They are in Mashable, The Huffington Post, Thrillist, CNN, Fast Company, FORTUNE, The New Yorker, Rolling Stone, VICE, and more. Camp rates are slightly higher than quoted in Shark Tank, ranging from $550 and up.