BucketGolf Shark Tank

Backyard Golf

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Shark Tank Spotlight

Origins

The inception of BucketGolf traces back to a heartfelt family moment. Tyler Simmons’ sister-in-law crafted a homemade golf game as a gift for his brother. Recognizing its potential during a family vacation, Tyler, with permission, began exploring manufacturing possibilities. By 2016, the DIY set, initially assembled from components found at six different stores, evolved into a professionally manufactured product. Between 2017 and 2020, the Simmons family transformed their informal creation into a market-ready game, leading to the establishment of BucketGolf under Elevate Sports in 2021.

Summary

BucketGolf offers a simplified and portable version of golf that can be played in various outdoor settings. Entrepreneur siblings Tyler and Jenny Simmons sought $1 million for 10% equity.

Tyler and Jenny secured a deal with Mark Cuban for $1 million for 12.5% equity.

After its appearance on Shark Tank, BucketGolf focused on expanding its product line, introducing the Tour set for serious players, and enhancing its retail presence by partnering with Walmart.

Shark Summary


Mark Cuban	Accepted offer of $1 million for 12.5% equity
Kevin O’Leary	$1 million for 25% equity
Daymond John	$1 million for 25% equity
Lori Greiner	$1 million for 22.5% equity
Todd Graves	No offer

BucketGolf Shark Tank Experience

In October 2024, siblings Tyler and Jenny Simmons pitched BucketGolf on Shark Tank, seeking $1,000,000 for 10% equity. The Sharks were intrigued:

Kevin O’Leary: Offered $1,000,000 for 25% equity, emphasizing the need for distribution partnerships to scale.
Daymond John: Matched Kevin’s offer, confident in scaling the business to $150 million in sales.
Lori Greiner: Proposed $1,000,000 for 22.5% equity, requesting preferred stock to secure her stake.
Mark Cuban: Initially offered $1,000,000 for 15% equity. After negotiations and Lori’s agreement to a counteroffer, Mark accepted a deal for $1,000,000 in exchange for 12.5% equity.

Pitch Summary


Season and Episode	Season 16, Episode 2
Air Date	October 25, 2024
Entrepreneurs	Tyler and Jen Simmons (Brother and Sister)
Product	BucketGolf offers a simplified and portable version of golf that can be played in various outdoor settings.
Investment Sought	$1 million
Equity Offered	10%
Valuation	$10 million
Initial Sales	2024 Sales (Projected): $12 million. 2023 Sales: $5.9 million. 2022 Sales: $2.5 million.
Retail Plans	BucketGolf sells primarily through its website or Amazon (85% of revenue), plans on expanding to more retail stores and expanding their product line.
Final Deal	Mark Cuban offered $1 million for 12.5% equity, which was accepted.

*After the filming of a Shark Tank episode, investments are subject to thorough audits and evaluations. During this time period, the terms of the investment can be altered or canceled by either party. As a result, the deals presented on the show may not always come to fruition for various reasons. This site does not guarantee the accuracy of any final investment figures.

Post-Shark Tank Growth

Following their Shark Tank appearance, BucketGolf experienced significant growth:

Sales Surge: The company broke its daily sales record, achieving a 50-fold increase.
Product Expansion: Introduced the “Tour Set” catering to more dedicated players.
Retail Presence: Partnered with Walmart, expanding beyond online sales.
Philanthropy: Collaborated with the Pediatric Cancer Research Foundation, donating proceeds from special golden edition gear during a fundraising event.

Financial Milestones

BucketGolf’s financial trajectory showcases its rapid ascent:

2018-2020: Initial sales totaled $5,000.
2022: Sales soared to $2.5 million.
2023: Revenue nearly doubled to $5.9 million.
2024: Projected to exceed $12 million in sales, with profit margins between 15% and 20%.

Final Thoughts

BucketGolf has successfully transformed a simple backyard game into a thriving business, blending the essence of golf with the convenience of portable play. Its journey from a homemade gift to a Shark Tank success story underscores the potential of innovative ideas when paired with strategic execution.

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FAQs

What is BucketGolf?

A portable backyard golf game featuring pop-up buckets and custom balls, suitable for all ages and skill levels.

How do you play BucketGolf?

Players aim to hit or chip balls into buckets within three shots per hole, mimicking a par-3 golf experience.

Where can I purchase BucketGolf?

Available on their official website, Amazon, and in select Walmart stores across the U.S. and Canada.

What are the different BucketGolf sets?

They offer a standard 6-hole set and a 9-hole Pro Bundle, with options like the Glow Pro Bundle for nighttime play.

Did BucketGolf secure a deal on Shark Tank?

Yes, they received a $1 million investment from Mark Cuban for 12.5% equity during Season 16, Episode 2.