Coco Jack Net Worth 2022: Who owns Coco Jack?

coco jack net worth

When Dave Goodman offers Coco Jack, his practical invention for quickly opening Thai Coconuts, in Shark Tank episode 618, he hopes the Sharks will get jacked. After selling his residence in New York City and touring the country, Goodman came up with the Coco Jack. He earned $5,775 through an Indie GoGo campaign in December 2013 to pay for the first production run.

In essence, Coco Jack is a mallet and a striking ring. A “perfect” hole is made at the top of the coconut when the ring is placed on top of it and smacked with a mallet. You can obtain the coconut milk this way without creating any waste. Additionally, Goodman offers a proprietary “scooper” for easy removal of the coconut meat.

Exceptionally rich in Lauric acid, chloride, iron, potassium, magnesium, calcium, sodium, and phosphorus, Thai coconuts are a superfood. Because it’s difficult to open them, Goodman created the Coco Jack. Other coconut openers are available, but they require drilling. Compared to other bottle openers on the market, Coco Jack is simpler and more direct.

Also Check:

Coco Jack Shark Tank

BusinessEasy and Safe Coconut Opener
Founder Dave Goodman
Asked for $125,000 for 10%
Offered Deal$125,000 for 25%
SharkMark Cuban

Coco Jack Founder

Coco Jack Founder
Coco Jack Founder

In 2012, Dave Goodman created Coco Jack, a tool for beating coconuts. Having sold his New Yorkliving in a city and travelling throughout the nation,

Coco Jack was created by Goodman.

To finance the initial manufacturing run, he received $5.775 through an Indie GoGo campaign in December 2013.

The main components of Coco Jack are a mallet and a hitting ring. To create a “precise” hole at the coconut’s top, place the ring there and tap it with the mallet. Lauric acid, chloride, iron, potassium, magnesium, calcium, sodium, and other minerals are abundant in Thai coconuts.

phosphorous. Because it’s challenging to open them, Goodman developed Coco Jack.

There are other coconut openers on the market, but they require drilling. More straightforward and

simpler than alternative market starters.

Costing $49.95, the Coco Jack Pack includes a scooper, a mallet, and a Coco Jack. Online shopping is currently possible for Goodman’s products.

Is Coco Jack Still in Business?

Coco Jack
Coco Jack

The Coco Jack is still operating well. The Coco Jack set has since been further broken down, and users can now choose between buying the entire pack (as shown on Shark Tank) for $49.95 or simply the mallet and Coco Jack for the bargain price of $36.95.

For $89.95, you may get a new kit that comes with two new tools and a placemat to prevent any coconut juice spills. No statistics or information about sales for the Coco Jack could be located, but based on their robust social media following and newly updated website, it looks like the Coco Jack is doing rather well for itself and won’t be disappearing anytime soon. The Coco Jack was Mark’s profitable investment.

What is the Net Worth of Coco Jack?

Coco Jack is still in operation, and doing well. One of the best investments in this company has proven to be Mark’s. Although current revenue has not been disclosed, it is safe to assume that the company is doing well based on recent updates to their website and product.

Coco Jack was worth about $500,000 at the time of the shark tank appearance.

Read More:

Coco Jack After Shark Tank

Coco Jack Shark Tank
Coco Jack Shark Tank

After the show aired, the deal with Mark was never finalised, but Dave left the pitch with a signed contract.

In 2016, Malibu Rum consented to allow the company to utilise its logo on packaging. Over time, a lot of imitations entered the market, which reduced the cost of Coco Jack.

As of August 20, 2021, the company website is no longer active, although the products are still easily available on Amazon. $5 million worth of lifetime sales are involved.

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