When Kyle Bergman appeared on Shark Tank, he was hoping to raise money for his business, Swoveralls. Sweatpants and dungarees are combined to create the distinctive product known as Swoveralls. Kyle requested a 15% stake in his business for $150,000. He thought his product would be very well-liked by those who wish to be both fashionable and comfortable.
Sweatpants are designed to be worn for informal occasions like taking a stroll or just relaxing at home. According to Kyle, the product sells for around $100 and costs about $33 to make. He added that over the past year, he has sold roughly $200,000 on Amazon. He raised $75,000 on Kickstarter to add more sizes and colors to the product. Will the entrepreneur get a deal on Shark Tank? Check out the Swoverall update to find out!
Swoveralls Net Worth Shark Tank Update 2025
Kyle Bergman asked for a $150k investment in exchange for 15% equity in his company. This meant he valued his company at $1 million. He did not secure a deal with the Sharks, as none of them were willing to invest. After the show aired, Swoveralls 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 Swoveralls is about $2.91 million.
Swoveralls failed to secure a deal after their appearance on Shark Tank. But Kyle kept expanding the company. He increased his annual revenue to roughly $4 million. Making and selling masks helped him survive the COVID-19 pandemic as well. Kyle increased sales and broadened his product line. Swoveralls continued to expand even without the Sharks’ assistance.
Kyle’s diligence and commitment kept the business afloat and boosted sales. Swoveralls is still in operation and still sells goods today. The business was able to make a successful Shark Tank appearance without landing a deal.
No, Swoveralls did not receive a Shark Tank deal. Kyle requested $150,000 with 15% equity. However, none of the Sharks made an investment. Although she was pleased with the company’s performance, Barbara Corcoran was concerned about upcoming fashion trends. Kevin O’Leary and Mark Cuban also left because they believed that the company might suffer from the latest fashion trends.
Daymond John and Lori Greiner also chose not to make an investment. Kyle didn’t give up on his business after leaving Shark Tank without a deal. He was able to expand his business after the show by continuing to put in a lot of effort.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
Swoveralls Shark Tank pitch
After observing a need for a more comfortable yet fashionable clothing option, Kyle Bergman was motivated to create Swoveralls. He wanted to design something that could be worn outside or used for relaxing at home. Kyle considered fusing the practicality of overalls with the coziness of sweatpants. The outcome was Swoveralls an item that is suitable for both indoor and outdoor use.
During the initial phases of product development, Kyle encountered numerous obstacles. It was difficult to find the ideal fabric and design. He had to come up with a way to create a product that was both fashionable and comfortable while remaining reasonably priced to manufacture. Scaling up his business and manufacturing presented additional challenges for Kyle.
But he was adamant and raised money using websites like Kickstarter. He was able to offer a wider range of sizes and colors in the product line as a result. Kyle persevered through difficult times because he was passionate about making a product that was both comfortable and useful.
Kyle presented Swoveralls, a new clothing line that combined sweatpants and dungarees, to the Sharks during his pitch. He explained that the desire to create a comfortable product that could be worn in a variety of situations was the inspiration behind the design. Kyle wanted to make something useful and entertaining for both indoor and outdoor use. He described the prices and costs to the Sharks while displaying a sample of the product.
He sold Swoveralls for just under $100, but they cost about $33 to make each unit. He requested $150,000 from the Sharks in exchange for 15% of his business. Additionally, Kyle disclosed that his business generated roughly $200,000 in revenue in the previous year, with all of its sales coming from Amazon.
Additionally, he described how he raised $75,000 through Kickstarter to help grow the product line. Kyle hoped the Sharks would assist him in growing the company and was sure his product would become more and more popular.
The Sharks asked several questions about Swoveralls to learn more about the product and the business. They were interested in the product’s manufacturing process and production costs. Kyle clarified that the product sold for slightly less than $100 and that it costs roughly $33 to make one unit.
The Sharks wanted to know how well the product worked. Kyle revealed that his business had sold roughly $200,000 on Amazon. He added that he had raised money through Kickstarter and expanded the product to include additional colors and sizes.
The product’s future was another issue that worried the Sharks. It worried Barbara Corcoran that Swoveralls might be a fad. She thought the business might suffer if newer fashion trends took over. Kevin O’Leary and Mark Cuban shared similar worries. Both of them believed that the product might not be able to survive in the market for very long.
Daymond John and Lori Greiner expressed worries about the company’s future as well. They didn’t think the product could be successful without significant adjustments or financial outlays. The Sharks were hesitant to invest because they felt the company faced risks in the future. Kyle persisted in pitching his product and remained optimistic in spite of this.
The Sharks had differing thoughts after hearing Kyle’s pitch. The first person to speak was Barbara Corcoran. Although she was impressed by the product’s financial performance, she did not believe it had a bright future. She was concerned that Swoveralls might become obsolete due to more recent fashion trends. Barbara backed out of the agreement.
Kevin O’Leary and Mark Cuban both chose to drop out due to similar worries. They believed that there was no guarantee that the product would be successful and that its shelf life would be short. Two Sharks were left in the game for Kyle. Daymond John and Lori Greiner also made the decision to leave. They didn’t think the product would be successful in the long run either. Kyle left Shark Tank since there were no more sharks willing to invest.
What Went With Swoveralls on Shark Tank?
Swoveralls failed to land a Shark Tank deal. The Sharks made the decision not to invest for a number of reasons. The Sharks initially worried about the product’s future. Barbara Corcoran was concerned that Swoveralls might eventually become less fashionable due to newer fashion trends. Kevin O’Leary and Mark Cuban shared similar worries about the product’s durability. They believed the Swoveralls market might be short-lived.
Daymond John and Lori Greiner also believed that the product might not have much potential in the long run. The absence of market differentiation was another factor that prevented the Sharks from making an investment. Despite being unique the product might not have been enough to make a difference in the highly competitive apparel market.
The Sharks were also interested in learning more about Kyle’s plans for growing the company. They questioned whether Kyle could grow the business on his own. All of the Sharks ultimately decided to back out of the deal because of these worries.
Product Availability
A product called Swoveralls blends dungarees and sweatpants into a single, cosy, and useful design. The product comes in a variety of colors and sizes. It is ideal for wearing outdoors or for relaxing at home because it is composed of a sturdy and soft fabric. Swoveralls are made to combine comfort and style into a single, wearable piece. Swoveralls are available for purchase on their official website.
Additionally, the product can be purchased on Amazon where it has become more and more popular. The business keeps adding new designs to its lineup of products. Swoveralls are priced at around $100 apiece. It can be purchased online and in certain physical stores. Customers searching for a stylish and comfortable casual wear option have been drawn to the product.
Conclusion
Despite their high expectations, Swoveralls left Shark Tank without a deal. The Sharks didn’t think the product had enough potential in the long run. But Kyle Bergman persisted. He kept expanding his business, eventually bringing in $4 million a year. Kyle’s ability to sell masks and grow his product line helped him survive the Covid-19 pandemic.
Despite not landing a deal on Shark Tank Swoveralls has become a profitable company. It demonstrates that a company can occasionally succeed without outside funding by working hard and being determined.
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.
