Baubles and Soles Net Worth 2022 – What happened after Shark Tank?

Baubles and Soles Net Worth 2022 – What Happened After Shark Tank?

What is Baubles and Soles?

Baubles and Soles is a shoe company targeted for young kids. The shoes have interchangeable baubles which allow them to be changed for any occasion.

It is a great way to accessorize your kids’ shoes, rather than purchasing new ones every time. Baubles and Soles is a hit among parents and kids too.

The baubles come in a variety of different shapes, colors and sizes including matching bauble sets and soles for moms!

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Overall Score: 93/100

What is Baubles and Soles’ Net Worth?

Company Name	Baubles and Soles
Owner	Duc Nguyen and Lisa Nguyen
Shark	Daymond John
Equity	25%
Investment	$100, 000
Location	United States
Net worth	$400, 000

Who is The Owner of Baubles and Soles?

Duc and Lisa Nguyen are the owners of Baubles and Soles, the kids shoe company.

The husband-and-wife duo grew tired of buying shoes for their kids that they would grow out of within the next week. This paved the way for Baubles and Soles to be born.

They wanted to create a shoe that can be customizable for any occasion, giving parents relief from visiting the mall for a while.

The bauble accessories simply click into the shoe and off the child can go play!

Why is Baubles and Soles So Popular?

Apart from making putting on shoe’s fun for kids, they are also made of bio-based material and soy which is recyclable.

It is also slip resistant, comfortable and machine washable for all children!

They are vegan-friendly, cruelty-free and 100% natural!

In addition, another benefit is that the baubles fit all shoe sizes, so your child can keep their favorite baubles as they grow older!

Shark Tank Appearance – Did It Go Through?

Lisa and Duc entered the tank to find a partner willing to offer $100,000 investment in exchange for 15% equity in their company, Baubles and Soles.

They were looking for someone to help them understand the American market better and expand throughout the US.

Lucky for them, Daymond John offered them a deal they could not turn down. They left the Tank that day with $100, 000 investment for 25% equity.

Where is Baubles and Soles Today?

Following Baubles and Soles appearance on Shark Tank, the deal with Daymond did close.

However, they are still in business and continuing to grow their company.

They currently have an annual revenue of $200,000 and are worth $400,000, which continues to increase.

Conclusion

The shoes can be customized with baubles to suit any occasion and children can even match with their mother!

Baubles and Soles continues to grow a successful business, improving their revenue and overall marketing.