Next into the tank is Minnesota-native Extreme Sandbox, a company that enables people to “play” with heavy construction equipment. They are seeking $150,000 for 15 percent equity.
Key Takeaways: Extreme Sandbox on Shark Tank
- Product: Heavy equipment adventure experiences.
- Investment Ask: $150,000 for 15% equity.
- Shark Response: Deal with Mark Cuban and Kevin O’Leary for $150,000 for 20% equity.
- Latest Update: Extreme Sandbox has grown, adding new locations and gaining recognition as a top destination for corporate events, team-building activities, and unique adventures.
What is Extreme Sandbox? A Quick Overview
Calling on nostalgic memories of playing in a sandbox as a child, the experience enables adults to crush cars and play in the “sandbox” with a bulldozer for a minimum of $300. They have made $1 million to date.
It would cost approximately $100,000 to open another location, with sights set on Dallas. According to the founder, they have yet to have any accidents.
Lori Greiner questions the ability to scale and he explains wanting to expand to other metro areas. She sees the idea as very fun but doesn’t see the ability to scale so goes out.
Social reactions from Extreme Sandbox’s appearance on “Shark Tank”:
I'd love to visit an #ExtremeSandbox! What could be more fun than moving dirt around & crushing cars? #SharkTank @ABCSharkTank
— Ava Gacser (@AvaGacser) January 6, 2016
OMG!!!! @ExtremeSandbox is not for those for are thrifty!! UGH!!! Too expensive for me!! #ExtremeSandbox #SharkTank
— John G (@JohnG500) January 6, 2016
This is cool, I want to crush a car #sharktank #extremesandbox
— Gordon Plutsky (@GordonPlutsky) January 6, 2016
Daymond John too recalls the fun childhood experience of it but feels as though he couldn’t add any value and goes out. Kevin O’Leary, excited to crush a car, offers $150,000 for 20 percent.
Robert Herjavec can’t fully picture the scaling ability either and has no interest in it so goes out. Mark Cuban likes the idea but wants to partner with O’Leary, which he accepts. He briefly questions if they could help the growth but ultimately accepts their offer.
Final deal: Mark Cuban and Kevin O’Leary for $150,000 for 20 percent.
What did you think of Extreme Sandbox’s idea?