BucketGolf, a portable backyard golf game founded by Tyler and Jen Simmons, aired on the 16th season of Shark Tank USA in 2024. The founders were seeking $1,000,000 for 10% equity for their business. However, they secured a deal with Mark Cuban, which was $1,000,000 for 12.5% equity, valuing the company at $8 million. In this article, we will explore BucketGolf’s net worth in 2024, details of the Shark Tank pitch, and more.
BucketGolf Net Worth 2024 & Financial Overview
After the show aired, the company experienced significant sales, with an estimated growth rate of 10% per year. Based on the company’s growth rate and company valuation after the Shark Tank show, BucketGolf’s net worth is estimated at $11.7 million in 2024.
| Annual Sales Revenue | $12 million (Projection) *estimated |
| Profits | $2.4 million (projection) *estimated |
| Lifetime sales | Not Available |
Shark Tank BucketGolf Pitch
Tyler and Jenny Simmons created Bucket Golf, a portable golf game designed to bring a real golf experience right to your backyard. This pop-up game is easy to set up and lets you play golf anywhere, anytime, giving you the feel of a true Par 3 course while keeping things casual and fun for friends and family.
When the couple appeared on Season 16 of Shark Tank, they offered 10% equity in Bucket Golf for a $1 million investment. There, they hoped to partner with the Sharks to streamline logistics and grow their business.
There, Kevin asked about the costs of the product. At that moment, Tyler shared that their most popular nine-hole set costs $60 to produce and sells for $199. This pricing allows them to maintain a solid profit margin of about 70%.
In 2021, they introduced pop-up buckets, which reduced the game’s weight and made shipping easier. This shift helped boost their sales dramatically.
From 2018 to 2020, sales were modest, totalling just $5,000. But by 2022, revenue had surged to $2.5 million, then almost doubled to $5.9 million in 2023. Now, in 2024, they’re on track to surpass $12 million, with profit margins between 15% and 20%.
Most of their sales, about 85%, come from their website and Amazon. Due to narrow margins, they haven’t pursued retail sales as a major focus.
The Sharks showed a strong interest in Bucket Golf. Kevin offered $1 million for 25%, aiming for a large stake. Daymond John also provided a deal, which was similar to Kevin’s offer, believing he could help the brand expand. Lori also liked the product and proposed $1 million for 22.5%, adding preferred stock to her offer.
Then, Mark Cuban stepped in with a simpler deal, which was $1 million for 15% without any conditions. In response to Mark’s offer, Tyler countered and suggested 12.5% equity instead. At that moment, Mark hesitated, but when another shark, Lori, accepted the founders’ new counter, Mark quickly decided to agree with Tyler’s counteroffer. Ultimately, Tyler and Jen accepted Mark’s offer of $1 million for 12.5% equity.
| Company Name | BucketGolf |
| Founders | Tyler and Jen Simmons |
| Business | A portable backyard golf game |
| Episode | Season 16, Episode 02 |
| Asked Deal | $1,000,000 for 10% equity |
| Final Deal | $1,000,000 for 12.5% equity |
| Shark | Mark Cuban |
Summary of the Sharks’ Deal
| Shark | Offer | Counteroffer |
| Mark Cuban | $1 million for 15% equity | $1 million for 12.5% equity |
| Kevin O’Leary | $1 million for 25% equity | N/A |
| Daymond John | $1 million for 25% equity | N/A |
| Lori Grinear | $1 million for 22.5% equity | N/A |
| Todd Gravis | No | N/A |
What Happened to BucketGolf after Shark Tank?
As of November 2024, BucketGolf is still in business. After the Shark Tank episode aired, the company set a new daily sales record, increasing sales by 50 times. They now plan to expand their distribution channels to boost sales even more.
BucketGolf has gained recognition from major media outlets, including Today, LAD Bible, Golf Pass, and Good Morning America. The game’s popularity continues to rise, with people loving the fun experience it offers.
This success allowed them to grow their business and reach more customers quickly. But they didn’t stop at their original game. After the Shark Tank, listening to their customers, they launched the “Tour Set” for serious golfers, offered a more challenging and realistic golfing experience. They also introduced limited-edition golden BucketGolf clubs and fusion balls.
With strong sales, a wider range of products, and a focus on giving back, the company has a bright future. Also, hoping to eliminate cancer from the world, the company has teamed up with the Pediatric Cancer Research Foundation for a donation campaign.
BucketGolf Founders
Tyler and Jenny Simmons co-founded BucketGolf in 2021. BucketGolf’s story unofficially began in 2016 when Tyler Simmons, a golf enthusiast, decided to create a homemade golf set for his family and friends to enjoy during their summer vacations. One weekend, while gathering at a house with a homemade golf course featuring buckets, flags, and obstacles, everyone had a great time playing.
Tyler was so impressed that he asked his father where he could buy a similar set. His father laughed and told him they had made it up. After searching online and finding nothing similar, Tyler realized he had an idea for something new.
Tyler Simmons sought advice from the initial creator of that homemade game and then made his version using items from six different stores. He initially called it “lawn golf”.
Tyler, a lifelong sports enthusiast, previously worked as an assistant men’s lacrosse coach at Stanford University. Now, he serves as the president and founder of Elevate Sports LLC. His goal is to create products that help people enjoy different sports.
In October 2022, his wife, Jen Simmons, joined the company as its administration and accounting manager. Jenny holds a degree in Professional Psychology from the University of Denver. She is currently the marketing and media director at Elevate Sports LLC. Like Tyler, she is passionate about designing products that enhance the enjoyment of sports.
BucketGolf Achievements and Awards
| Year | Achievements and Awards |
| 2024 | The company was featured on Shark Tank Season 16 and secured a deal from Mark Cuban |
Conclusion
Shark Tank is a TV show that showcases different business ideas and helps them succeed. BucketGolf was one of the ventures featured on the show. They made a deal with Mark Cuban, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 16, Episode 02.
- Topsail Steamer Net Worth 2024 Update & Their Shark Tank Pitch!
- Life Raft Treats Net Worth 2024 Update & Their Shark Tank Pitch!
- RigStrips Net Worth 2024 Update & Their Shark Tank Pitch!
