Dale King and Renee Wallace created Doc Spartan. They wanted to help people heal quickly. Many gym-goers get cuts and scrapes. They had no natural way to heal. This inspired Dale and Renee. They made Combat Ready Ointment. It is all-natural and heals fast. They took their idea to Shark Tank.
They asked for $75,000 for 15% of their company. They wanted help to grow. Robert Herjavec made a deal with them. He offered $75,000 for 25% equity. Will the entrepreneur get a deal on Shark Tank? Check out the Doc Spartan update to find out!
Doc Spartan Net Worth Shark Tank Update 2025
Dale King and Renee Wallace asked for a $75k investment in exchange for 15% equity in their company. This meant they valued their company at $500,000. They made a deal with Robert Herjavec for $75k in exchange for 25% of their company, which valued their company at $300,000. After the show aired, Doc Spartan 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 Doc Spartan is about $7.4 million.
Following Shark Tank Doc Spartan expanded rapidly. The agreement with Robert Herjavec was a success. Their revenue grew. In a week they sold 4000 items. They grew into PX stores located on military installations. They additionally participated in trade fairs to connect with new customers. In 2018 they initiated a project to assist their community Portsmouth.
They provided complimentary workout sessions and employment opportunities. This assisted individuals in overcoming addiction. By 2024 their income increased to $4 million. They also included additional products. This includes candles, pet care products, and deodorants. Doc Spartan remains operational. They play an essential role in their community.
Yes Doc Spartan got a deal on Shark Tank. Dale and Renee asked for $75,000 for 15% equity. Robert Herjavec offered $75,000 for 25% equity. Dale tried to negotiate for 20%. Robert said no. Finally,y they agreed on 25%. Robert said he believed in their product. He saw it as a way to create a new category. Dale and Renee accepted his offer. This deal helped them grow their company.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | $75,000 for 25% equity | N/A | Yes |
Doc Spartan Shark Tank pitch
Dale King is an ex-military officer. He was a member of the 10th Special Forces Group. Following two deployments he came back to Portsmouth. He aimed to assist his community. He established a gym. There he encountered Renee Wallace. Renee became his business partner. They both recognized an issue. People who go to the gym frequently have cuts and scrapes.
The items offered were packed with chemicals. They desired something organic. This resulted in the establishment of Doc Spartan. Launching the business was challenging. They possessed a small amount of money. They produced the salve in limited quantities. They conducted tests on it themselves. They encountered difficulties with promotion. A lot of individuals were unaware of natural healing.
They labored diligently to promote the message. They concentrated on quality as well. They desired a product that operated quickly. Although they faced difficulties, they persisted without surrender. Their enthusiasm drove them forward. They were committed to their mission of assisting others.
Dale and Renee showcased their product assuredly. They described the issue they were addressing. They demonstrated how Combat Ready Ointment functioned. Dale posted images of wounds taken before and after applying the ointment. The outcomes impressed the sharks.
They revealed their business model. They marketed the ointment over the internet in fitness centers and tattoo parlors. The manufacturing cost of each tin is $0.95. They offered it for $9.99. In 11 months they generated $56,000 in revenue. They clarified their requirement for financial support. They aimed to broaden their influence. They requested $75,000 in exchange for 15% equity.
The sharks posed numerous inquiries. Robert Herjavec appreciated their enthusiasm. He perceived possibilities in the product. Mark Cuban believed they required additional investigation. Lori Greiner disliked the branding. Kevin O’Leary deemed it non-investable. Robert proposed $75,000 in exchange for 25% equity. Following a bit of discussion, Dale and Renee agreed.
The sharks inquired about numerous topics. They were curious about what made the product stand out. Dale described the organic components. He claimed it operated more quickly than chemical solutions. The sharks inquired about the intended audience. Renee mentioned it was meant for athletes and fitness enthusiasts. She also mentioned that it was available for anyone to use.
They talked about sales and profits. The production cost for each tin was $0.95. They sold it for $9.99. The sharks believed the margins were favorable. They inquired about marketing. Dale and Renee mentioned that they relied on word of mouth and online sales. They did not invest a lot in advertising. The sharks inquired about the competition as well. Dale mentioned that the majority of products were synthetic.
Their balm was organic and secure. They thought it had an advantage. The sharks talked about scalability. Dale and Renee stated that they were capable of managing larger orders. They were prepared to expand.
The sharks displayed varied reactions. Mark Cuban was the first to leave. He believed they required additional data. Lori Greiner came next. She was not fond of the name and its branding. Daymond John has also died. He mentioned it wasn’t the appropriate match for him. Kevin O’Leary appreciated the product. Nevertheless, he did not consider it a viable investment.
Robert Herjavec showed interest. He appreciated their narrative and enthusiasm. He recognized the product’s potential. He proposed $75,000 in exchange for 25% ownership. Dale attempted to bargain for 20%. Robert remained resolute. In the end, Dale makes a joke about Robert being the one to purchase the first beer. Robert consented and they finalized the agreement. This collaboration assisted Doc Spartan in expanding.
What Went Wrong With Doc Spartan On Shark Tank?
Some sharks did not see the potential. Mark Cuban thought they needed more research. Lori Greiner disliked the branding. Kevin O’Leary did not find the business investible. They also lacked advertising. Some sharks wanted a stronger marketing plan. These issues made some sharks pass. However, Robert Herjavec believed in them. He saw an opportunity and made a deal.
Product Availability
All products from Doc Spartan are made from natural ingredients. Their leading product is Combat Ready Ointment. It quickly heals wounds and scratches. They also offer deodorants, pet care products, and candles. They utilize essential oils and safe components. Their offerings cater to those seeking natural healing. You can purchase their products via the Internet. You can find them on their website and on Amazon.
They additionally offer their products in certain stores. Costs are reasonable. Every tube of ointment is priced at $9.99. Their soaps and deodorants are quite well-liked too. They provide packages for greater value. Doc Spartan’s site is easy to navigate. You can discover their products and objectives. They deliver across the country. Certain products can also be found in PX stores located on military installations. Their presence in retail has expanded over the years. Their goal is to connect with a larger audience.
Conclusion
Doc Spartan’s journey is inspiring. They started with a simple idea. They wanted to help people heal naturally. Shark Tank gave them a big boost. Robert Herjavec’s support helped them grow. They expanded their products and reach. Today, they are a thriving business. They also help their community.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
