After the Shark Tank pitch, SandiLake Clothing continued to grow and thrive. While Melissa Lay didn’t make a deal with the Sharks, she didn’t let that stop her. Instead, she opened her own retail store in Portland. Later on, in 2019, Melissa sold the company to an unnamed woman in Florida. However, just a few months later, in August of the same year, she bought the company back and renamed it Allmade Apparel. To ensure its success, Melissa brought in Peter Cuderman to manage the day-to-day operations. As of May 2021, Allmade Apparel is still active and going strong, with an impressive annual revenue of $1 million. Melissa’s determination and hard work have made her clothing company a true success story.
What is SandiLake Clothing? Who is the Founder of SandiLake Clothing?
SandiLake Clothing is a company that makes special clothes for boys and girls. Melissa Lay, a mom from Portland, Oregon, owns and runs it. In 2014, she started the business in her garage. Until now, she sold about 20,000 shirts.
Something exciting happened in 2015! One of her friends saw the same design from SandiLake Clothing at Target, and everyone started talking about it on the internet. They shared the story a lot on social media and regular media. People loved her designs!
At SandiLake Clothing, they have many different designs for kids. If you want to buy a cap, it costs $15. The shirts are a bit more expensive at $25, but they are worth it because they are great quality.
What Happened to SandiLake Clothing 2022 at the Shark Tank Pitch.
Ms. Lay, who founded her apparel business, participated in the popular series Shark Tank. She desired a sum of $100,000 in exchange for a portion representing 10% of her company, putting the value at $1 million in total. While speaking, she mentioned the company achieved three hundred forty thousand dollars within the timeframe of two years. Nevertheless, the team showed less enthusiasm upon discovering the sales from the previous year reached a mere $67,000. It took place due to a challenge. If one of the creations she made was purchased at a popular chain store and spread like wildfire.
The team didn’t consider the typical sales were remarkable. Therefore one of them, Barb, proposed $100,000 in return for 40% of SandiLake Clothing along with 20% of another women’s apparel company in which she had already put money. Melissa refused to wasn’t interested in the proposal and made the decision to engage in a business arrangement with the Sharks.
What Happened to SandiLake Clothing after the Shark Tank Pitch?
After Melissa Lay appeared on Shark Tank, she decided to open her own store in Portland. Later, in 2019, she sold the company to a woman in Florida, but something interesting happened. In August of the same year, Melissa bought the company back and gave it a new name, Allmade Apparel. She hired Peter Cuderman to help run the business every day.
As of May 2021, Allmade Apparel is still up and running, making around $1 million each year. Melissa also did something fun for her family; she bought an “adventure van” to travel together and have exciting experiences.
What is SandiLake Clothing net worth?
We don’t know the exact net worth of SandiLake Clothing right now. But in Season 8 Episode 5 of Shark Tank, it was valued at $1 million. During that time, Melissa Lay, the founder, wanted $100,000 for a 10% share in the company.
Who are the Competitors of SandiLake Clothing?
Currently, SandiLake Clothing does not have any competitor
