Cedric Cobb walked into the Shark Tank in Season 10 with his innovative product the Best Wardrobe Solutions. He wanted to get a $200,000 investment in return for 15% of his business. The purpose of the product was to secure pocket squares in a man’s breast pocket. Because of this, it looked fantastic with any vest or suit tuxedo. Cedric informed the sharks that he had made $400,000 in sales the year before and had already sold 52,000 units.
The product costs $19.99, and the production costs $3.40. He hoped the sharks would help him boost product margins and reduce his manufacturing costs. But Cedric’s plans didn’t work out. Will the entrepreneur get a deal on Shark Tank? Check out the Best Wardrobe Solutions update to find out!
Best Wardrobe Solutions Net Worth Shark Tank Update 2025
Cedric Cobb asked for a $200k investment in exchange for 15% equity in his company. This meant he valued his company at $1.33 million. He made a deal with Daymond John for $200k in exchange for a $1 royalty per unit sold in perpetuity, with no equity involved. This deal did not alter the valuation of his company. After the show aired, Best Wardrobe Solutions saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Best Wardrobe Solutions is about $4.33 million.
Following his appearance on Shark Tank, Cedric changed the name of his business to Best Wardrobe Solutions. The business is still operating today and is still selling its pocket square holder. Sales for Cedric’s business now total around $3 million annually. Best Wardrobe Solutions’ website is still operational and frequently updated.
The business still sells its products on internet marketplaces like Amazon. Customers who want a straightforward way to keep their pocket squares in place continue to favor Cedric’s product. After making an appearance on Shark Tank the company has developed and grown.
Indeed Cedric did land a deal on Shark Tank but it wasn’t what he had anticipated. He requested $200,000 for a 15% stake. He was offered $200,000 by Kevin O’Leary, but not in exchange for equity. Kevin proposed to invest the funds in return for an indefinite $1.50 royalty on each unit sold. Then Daymond John entered and offered something better.
Daymond only wanted a $1 royalty per unit sold but he offered the same $200,000 investment. Cedric accepted Daymond’s offer. There was no equity in the business involved in this offer. Daymond offered Cedric a royalty agreement that would preserve his complete control over his company.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | $200,000 for a royalty of $1.50 per unit sold in perpetuity | N/A | N/A |
| Daymond John | $200,000 for a royalty of $1.00 per unit | N/A | Yes |
| Mark Cuban | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
Best Wardrobe Solutions Shark Tank pitch
The Best Wardrobe Solutions was invented by Cedric Cobb to address a straightforward issue that many men encounter. He was concerned about pocket squares staying in place and not moving or falling out. Many men consider wearing a pocket square to be a wardrobe staple but maintaining it can be difficult. Cedric was aware that this issue had to be resolved.
His personal need to maintain the orderliness of his pocket squares served as the inspiration for the product. Cedric started developing the product and quickly realized that he was on to something big. Getting the design right was the initial challenge. He required a product that was easy to use, lightweight, and long-lasting.
Cedric put a lot of effort into making a product that would safely hold a pocket square without causing any harm to the fabric. Getting the product to market was the next challenge after it was developed. Cedric had to figure out how to spread the word and make sales. He began by selling his goods on Amazon and the internet. Cedric was able to expand his company and boost sales by working hard and being persistent.
Cedric began his Shark Tank pitch by presenting Best Wardrobe Solutions as a fix for a typical issue that men wearing suits or sports coats encounter. He clarified that this product was made to keep pocket squares folded neatly in the breast pocket because they frequently fall out of place. He set his product’s price at $19.99, with each unit costing $3.40 to manufacture. Cedric’s yearly sales through his website and Amazon were close to $400,000 and he had already sold 52,000 units.
Cedric requested $200,000 from the sharks in return for a 15% stake in his company. He clarified that the investment would enable him to increase profit margins and lower manufacturing costs. Despite the product’s growing popularity, Cedric knew that more work was required to expand his brand and reach more people. He intended to grow the company and increase its profitability with the investment.
The Best Wardrobe Solutions piqued the interest of the sharks in a number of ways. They were interested in learning more about the product’s profitability and sales figures. The first person to voice concerns was Mark Cuban. He abruptly withdrew from the agreement, stating that he had no interest in making an investment. He believed the product lacked the potential he was seeking.
Cedric’s pitch caused Robert Herjavec to leave as well. He claimed that the investment did not seem like a good fit for his holdings. He didn’t think the business could provide a sufficient rate of return on investment.
Kevin O’Leary expressed interest in the product and enquired about Cedric’s sales figures and the company’s earnings. Cedric assured Kevin that his product was a wise investment and that he had sold 52,000 units with Amazon accounting for a sizable amount of those sales. Kevin then offered $200,000 in exchange for a perpetual royalty of $1.50 per unit sold.
Kevin also stated unequivocally that he did not wish to own any stock in the business. He thought the product had potential but he wanted to use a royalty arrangement to ensure long-term profits.
A similar offer was made by John but he didn’t think he could improve Cedric’s company. He claimed he lacked the resources and experience necessary to support the company’s expansion. But he was interested in the product and was prepared to offer.Lori Greiner also withdrew from the agreement. She shared Daymond’s opinion and didn’t think she could contribute anything worthwhile to Cedric’s business.
Only Kevin O’Leary and Daymond John remained with Cedric as the sharks kept dropping out. Kevin had explicitly offered $200,000 in exchange for a $1.50 royalty on each unit sold. However, Daymond John chose to take the initiative and reject Kevin’s offer. Kevin wanted to sell each unit for $1.50 but Daymond wanted to sell each unit for $1.00 in perpetuity.
Daymond’s move caught Cedric off guard but he ultimately accepted his offer. Daymond agreed to pay $200,000 in exchange for a perpetual $1 royalty per unit sold and the deal was completed. Cedric was not required to relinquish any ownership stake in his business.
This royalty deal allowed Cedric to keep full authority over his company while still benefiting from Daymond’s support.Daymond pledged to assist Cedric in expanding the company and reaching a larger market with his product.
What Went With Best Wardrobe Solutions on Shark Tank?
None of the sharks agreed to an equity deal with the company. Robert Herjavec and Mark Cuban left because they didn’t think the business aligned with their investment objectives. Kevin O’Leary was interested but wanted a royalty agreement instead of equity. Daymond John and Lori Greiner also believed that their resources and experience could not sufficiently benefit the business.
Although Cedric had a good product the sharks were worried about its long-term prospects and scalability. They also questioned whether the business could expand outside of its specialised market. One of the main reasons Cedric’s company did not receive a traditional investment from the sharks was the decision to not offer equity in the deal.
Product Availability
The Best Wardrobe Solutions website owned by Cedric sells the Best Wardrobe Solutions . Amazon is another place to buy it. The item costs $19.99 and is promoted as a necessary addition to sport coats and suits for men. The item gives a man’s ensemble a refined touch while also keeping pocket squares neatly in place.
Cedric’s business now provides additional men’s wardrobe options in addition to the pocket square holder. The business is still expanding and selling its goods online. Customers can find the product on Amazon or buy it from the Best Wardrobe Solutions website. The company’s products are made to help men maintain a sharp wardrobe and look their best.
Conclusion
After competing on Shark Tank, Cedric Cobb struck a special agreement with Daymond John. Cedric was successful in obtaining $200,000 in return for a royalty agreement rather than stock. Since appearing on the show Cedric’s company Best Wardrobe Solutions has expanded and has been projected to generate $3 million in sales annually.
The Best Wardrobe Solutions and other clothing accessories are still available for purchase online from the company. Cedric’s choice to change his brand and concentrate on growing his product range has proven successful. Future expansion of Best Wardrobe Solutions is anticipated as Cedric keeps expanding his company and establishing his brand.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
