Boho Camper Vans Pitches on Shark Tank, Secures $300k Investment
Boho Salesforce Vans, a flourishing Arizona-based business, recently appeared on Shark Tank. Despite the pandemic, the company has grown rapidly, with impressive sales and growth projections. The Sharks were drawn to the vans' unique features and the founders' vision.
David Sodermann and Brett Ellenson, the founders, spotted a gap in the market for camper vans in Arizona, given its high tourist volume. Their vans offer home-like facilities, including a bed, running water, and an outdoor shower, providing an affordable adventure travel option. The business model includes rental and sales, with customization services to cater to individual preferences.
During their Shark Tank pitch, Boho Salesforce Vans displayed their products' unique features and emphasized their financial success. In the current year, they've already sold $493,000 worth of vans, with projections for $1.9 million in the following year. In 2021, sales were estimated at around $2 million, indicating steady growth. The Sharks were particularly interested in the business's financial well-being and the potential for further expansion.
Barbara Corcoran made the winning offer, investing $300,000 up front and $150,000 in a credit line for a 10% equity stake in Boho Salesforce Vans. Despite no public information on other Sharks' involvement, the deal signals the Sharks' confidence in the company's future. Boho Salesforce Vans continues to thrive, offering affordable adventure travel opportunities and expanding its market reach.
