Pick-up Pools Shark Tank Update – Pick-up Pools Net Worth 2024

Summers can be more challenging due to the extreme heat and heavy humidity. This increases the discomfort and exhaustion of daily tasks. People frequently sweat a lot as the temperature increases, which increases the risk of heat exhaustion and dehydration.

When it’s really hot outside, even enjoyable activities like going for a stroll or hosting a BBQ may become quite challenging. Pleasant and enjoyable times might make it difficult to stay cool due to the bright sun and heated air. 

Tommy Erstella, the entrepreneur also experienced this and introduced a solution to this problem which is a pickup pool. Pickup pool is a product that can transform a truck bed into a cool swimming pool. So basically you have a liner that you put into the truck’s bed and extend its edges over it. Then you will fill water in it and now you have a quick pool. 

Tommy Erstella made this product to make summer a better experience and presented it in a shark tank so let’s see if the sharks liked the product or not. 

Pick-up Pools Net Worth 2024

Tommy Prestella asked for a $100k investment in exchange for 25% equity in his company, Pick-Up Pools. This meant he valued his company at $400,000. He made a deal with Mark Cuban for $100k in exchange for 33.3% of his company. This new deal valued his company at $300,000. After the show aired, Pick-Up Pools saw some exposure, and sales initially increased, but the company ultimately shut down by 2024. The current net worth of Pick-Up Pools in 2024 is $0, as the business is no longer operational.

Pick-up Pools Shark Tank Update

After the deal with Mark Cuban, Tommy Prestella worked on improving his online presence and saving production expenses. Pick-Up Pools got increased exposure for a while when items were listed on Mark Cuban’s website and were available on Amazon. But by August 2022, the business’s official website had been taken down. Pick-Up Pools does not appear to be in business as of 2024; there is no active website or product availability, suggesting that the firm may have shut down completely.

Yes, Pick-Up Pools got a deal on Shark Tank with Mark Cuban with the offer of $100,000 in return for 33.3% equity. Tommy accepted the offer as he recognized Mark’s participation in expanding the market for his product and increasing its efficiency in operation.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Mark Cuban	$100,000 for 33.3% equity.	N/A	Yes
Barbara Corcoran	$100,000 for 25% equity	N/A	No
Kevin O’Leary	Out	N/A	N/A
Robert Harjavec	Out	N/A	N/A
Lori	Out	N/A	N/A

Pick-up Pools Shark Tank Pitch

Tommy’s story behind the invention of Pick-Up Pools was an emotional moment of Tommy Prestella and his daughter during an extremely hot summer in 2014. At the time, they were living in Arkansas, where the heat was almost unbearable. Tommy’s daughter asked her father if she wanted to go swimming with Tommy but they didn’t have a pool or an easy way to cool off.

Tommy wanted nothing more from his daughter than to make her happy and he felt heartbroken when he saw his daughter’s disappointment and wished there was something he could do to give her the relief and fun she was craving. At that, he got an idea to make something that would make this heat bearable. 

During his Shark Tank pitch, Tommy Prestella presented his idea, Pick-Up Pools, as a creative and entertaining way for people to stay cool during outdoor activities, particularly in the summer heat. He explained that his invention was made to slide straight into a pickup truck’s bed, turning the truck into a transportable swimming pool to make the unbearable heat of summers bearable. For outdoor lovers and party fans, this idea was particularly appealing because this quick pool can make their summers joyful. 

Tommy wanted a $100,000 investment from the sharks in return for a 25% equity in his business. He stated that he would utilize the money to enhance his company in a few important things. Initially, he aimed to redesign his website to enhance its accessibility, making it easier for potential consumers to find and buy his product. Secondly, he realized that he needed to invest in marketing. Tommy was aware of how important it was to spread the word about Pick-Up Pools and thought that more people would become aware of his pools and desire to purchase them with more marketing.

Kevin was interested in the profitability of the product as well as the expense of attracting new customers. Tommy clarified that the pools cost $200 to buy online, with $100 of production expenses.

Lori asked Tommy about the product’s future direction and his marketing plan. Tommy explained that he was in need of marketing assistance and was searching for strategies to boost website traffic and improve his website to make it easy for people to use. Lori also asked about the inspiration behind this business. Tommy answered how her daughters wished to swim in unbearable heat and they didn’t have a pool so he introduced this product. 

Robert inquired about the overall performance of the company and the sales of this product to which Tommy disclosed that Pick-Up Pools had only made $7,000 in revenue that year with the total lifetime sales of $12000 which was very poor sales figures. 

Lori made the decision not to invest because she didn’t see any efficient marketing strategy for the company to expand and she was concerned that the business would be unable to grow in the future so she did not offer any deal to Tommy.

Robert decided not to invest in this company because he was dissatisfied with the sales of the product as they were very low and lacked confidence in the company.

Kevin also did not offer any deal because the product was not performing well in the market and it was very risky for him to invest in this business.

Barbara Corcoran showed interest in the product and made an offer of $100,000 for 25% equity. But Tommy did not accept the offer as he was not sure that it could satisfy his requirements.

Mark made an offer of $100,000 for 33.3% of the company because he admired Tommy’s passion and thought the product was great. Tommy appreciated Mark’s experience and the resources he could provide to help the company expand, so he accepted his offer.

Product Availability

When the product initially launched, it was available for purchase online at websites like Amazon and also on Mark Cuban’s website. However, according to the latest update, Pick-Up Pools is out of business by 2024. The product is no longer offered for sale online, and the company’s website has been taken down. This shows that Pick-Up Pools are no longer being sold and that the business has shut down its operations. 

Conclusion

Pick-up pools were an innovative concept that transformed a pickup truck’s bed into a cool swimming pool to keep people cool during the summer. For those with outdoor interests who loved to go camping or partying, it was a fantastic solution. The entrepreneur, Tommy Prestella, even achieved a significant milestone by landing a deal with Mark Cuban on Shark Tank.

But even with this early success, the business had numerous difficulties. They had trouble expanding the company and bringing in enough clients. Growing the business and increasing the product’s profitability proved challenging. These issues ultimately resulted in the company closing. Pick-Up Pools is no longer in business as of right now, and it appears that the product is no longer available.