Rugged Events Shark Tank

Yesterday it was announced that new media investment group a print and online media company has acquired majority interest in rugged events holding llc which produces rugged maniac for 10 4 million. Later after rugged events took off following his investment mark cuban sold his shares to gatehouse media to turn himself a lively profit. Shark tank mark cuban s a big fan of obstacle courses.

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The founders of rugged events which hosts of a five kilometer race through a muddy course called the rugged maniac obstacle race entered the tank during.

Rugged events shark tank.

We appeared on shark tank in april of 2014 which was right at the start of our event season. The rugged maniac s business model is a lot different than most businesses seen on the shark tank. The shark tank deal helped rugged events become one of the largest endurance event companies in the usa. With only 20 events scheduled for this entire year the numbers per event need to be very impressive.

Rugged was thrust onto the national scene after their appearance on shark tank and 1 75 million dollar investment from sports mogul mark cuban. In 2013 our rugged maniac obstacle race brand had revenues of 4 1 million 2014 saw revenues of 5 2. It was started by rob dickens and brad scudder who saw potential in. Rugged maniac before shark tank.

They will visit 20 cities nationwide putting on the race events. Projected sales for the year are 4 2 million with a cleared profit of 1 million. In september 2013 the producers of shark tank contacted scudder and dickens to compete in the show. Shark tank star robert herjavec.

Well rob dickens and brad scudder the founders of extreme obstacle course event company rugged races are. Rob predicts that in the following year sales will be 6 5 million with 2 million in profits. Rugged maniac is an obstacle course race designed for competitive thrill seekers. Rugged maniac before shark tank update.

Rugged maniac shark tank recap. In 2014 the shark tank co host invested 1 75 million in rugged events a boston based race organizer after the company appeared on the reality tv show. Rugged maniac under company name rugged races llc experienced steady growth and in 2013 caught the attention of shark tank a reality television series in which entrepreneurs pitch business ideas to a panel of investors.