Foam Party Hats is a Houston, Texas-based handmade foam hats manufacturing company founded by Manuel and Grace Rojas. In 2020, they went to Shark Tank seeking $100,000 for a 15% stake in their company. As of 2024, Foam Party Hats’ net worth is $3.66 million.
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Foam Party Hats Net Worth
Foam Party Hats has more than 600 models of hats, categorized into six main categories including holidays, weddings, birthdays, and more. They sell on Amazon and also on their own website, with prices ranging from $14.99 to $59.99.
Foam Party Hats has an estimated net worth of $3.66 million including assets and brand value.
In 2017, they sold $25,000 worth of products, in 2018, their sales increased to $75,000, in 2019, their sales continued to grow, reaching $145,000, and the following year, at the time they appeared on Shark Tank, their sales had further increased to $153,000.
| Company name / Brand | Foam Party Hats |
| Founder | Manuel Rojas and Grace Rojas |
| Founded | 2017 |
| Industries | Retail Art Suppies |
| Headquarter | Houston, Texas, U.S. |
| Products | Custom hats, Party and Wedding hats, props, and accessories. |
| Business Type | PVT. LTD |
| Patent | Zero |
| Net worth | $ 3.66 Million |
| Revenue | $ 1.4 M |
| Company value | $ 5 Million |
| Total Funding | $ 100K |
| Investors | 2 (Two) |
| Owner | 4 (Four) |
Also read – Stretchlace Net Worth, After Shark Tank, Update, Revenue, Funding, Sales, Owner
Foam Party Hats Shark Tank Funding
| Air Date | 13 November 2020 |
| TV show | Shark Tank Episode 5, Season 12 |
| Asking for | $100,000 for 15% equity |
| Final deal | $100K for 25% equity |
| Sharks in | Lori Greiner and Mark Cuban |
| Sharks out | Daniel Lubetzky, Kevin O’Leary, Robert Herjavec |
Shark Tank Pitch, Offer, and Video
Manuel and Grace Rojas (Founder): Seeking $100,000 for 15% equity
Kevin O’Leary: Kevin was the first who decided not to invest by saying you don’t have the business model yet.
Robert Herjavec: Robert also opted out by saying “It’s a great business but as an investment, it’s not for me”
Daniel Lubetzky: After asking some questions like “Do you own 100% of the business, founder answered – 80%-Grace Rojas and 20% – Manuel”
also asked “Is this your full-time job, Manuel answered – I have a full-time job, I’m a Chemical engineer”
then Daniel asked “Are you willing to make this your full-time job, Manuel said yes.
Daniel offered $100,000 in exchange for a 30% stake in the company.
Lori Greiner: After all the sharks had made their decisions, Lori came out and said “What I think you’re missing is marketing expertise”. Then she asked Daniel to have her as a partner but Daniel refused,
then Lori asked Mark Cuban and made an offer of $100,000 for a 25% stake, to which Mark Cuban agreed.
Mark Cuban: Mark initially opted out by saying “You don’t know what business you’re in”, however later on he joined Lori.
Lori Greiner and Mark Cuban: Offered $100K for a 25% stake.
Daniel Lubetzky: Daniel revised his previous offer to $100,000 for a 25% stake.
Manuel and Grace Rojas (Founder): Manuel and Grace have accepted Lori Greiner and Mark Cuban’s offer of $100,000 in exchange for a 30% stake.
Also read – Pnuff Crunch After Shark Tank, Net worth, Funding, Sales, Revenue, Owner
Foam Party Hats After Shark Tank Update
After Shark Tank, Foam Party Hats has seen a spike in traffic, which has increased their sales and revenue increased by over 1 million.
They also have changed their website design and introduced some new products and designs for their customers.
After appearing Shark Tank TV show and got funding from Sharks, the brand “Foam Party Hats” takes place as a reliable and trustable brand in the retail art industry.
Some Lesser Known Facts About Foam Party Hats
- This idea started more than 17 years ago back in Venezuela
- Foam Party Hats are 100% customizable
- Grace Rojas designs everything
- Their average sale price is $240
- Product-making costs around $2 to $3 and $7 will be allocated for the employees.
Social media account…
| foampartyhats |
FAQs
Is Foam Party Hats still in business?
Yes, Foam Party Hats is still in business and they are doing well.
Who owns foam party hats?
Foam Party Hats owns by four partners, two of them the founder Manuel and Grace Rojas, and 25% is owned by sharks Lori Greiner and Mark Cuban.
How much is Foam Party Hats worth?
Foam Party Hats worth’s net worth is $3.66 million.
