The article talks about SPERGO Clothing, a cool success story from the Shark Tank show. Trey Brown, who was only 12 when he started the brand, first sold t-shirts in 2018, and now his business is big enough to catch the attention of a Shark Tank investor named Daymond John.
Now, the brand SPERGO, started by 15-year-old Trey, is doing well in the tough world of fashion because it carries a strong message that anyone can make it big. Trey’s amazing journey even got him a deal with Daymond John on the show.
What is Spergo Net Worth?
Spergo’s estimated net worth as of 2023 is $2 million. The brand became well-known. To get to the top, he gave influencers products outside his events. Although the clothing industry is competitive, Spergo is doing well. Luxury streetwear and lifestyle company Spergo has a strong message to convey.
Alongside his mother, 15-year-old Trey Brown, the entrepreneur, has found success at an early age and is in charge of the company. He signed a deal with Daymond John on Shark Tank thanks to his remarkable tale.
Take a look below Instagram post:
View this post on Instagram
Who is Spergo’s Founder?
Philadelphia native and 15-year-old Trey Brown is Spergo’s founder. He was raised in a rough part of town. But he had a knack for staying out of trouble.
Trey claims that his mother is his number one fan. He turned twelve and got some spending money, which he promptly put into a new wardrobe of shirts. A while later, he started selling them to his loved ones. He made a quick profit off of selling all 16 shirts and used the proceeds to buy more.
In 2018, he established his business, which he called Spergo. In just one year, he went into the shirt business and made $40,000.
He launched his business empire at the tender age of thirteen. His mother was so confident in his business that she gave up her own career to become its chief operating officer. In 2020, Trey was hospitalized from overwork since business had exploded.
After he got well, he connected with P. Diddy, and the rapper put $25,000 into his company. With that capital, he opened up his own shop. He expects to earn $745,000 by the end of 2020 from sales.
Spergo Shark Tank Pitch
Trey, who already had a booming business, chose to go on Shark Tank to get more money for hiring a design pro and promoting their brand.
He and his mom, Sherell, showed up on the show’s thirteenth season, asking for $300,000 in exchange for a 10% share of their business.
The investors really liked Trey’s effort and the story of how the brand came to be, not to mention the good quality of the clothes.
Daymond John, one of the sharks, was especially taken with Trey’s story and offered them the same amount of money but for a 20% share instead. Trey and his mom thought it over and agreed to the deal, making a smart choice.
Watch as a 15-year-old American entrepreneur, SPERGO, negotiates a deal on Shark Tank:
Spergo After Shark Tank
The exposure from Shark Tank was crucial to the success of Spergo. After the show was aired, the sales surged and garnered over 1000 orders.
Ellen and Fox Business were not the only shows that feature the mother and son. In addition, the Philadelphia 76ers awarded Spergo a donation of $200,000. The brand’s collection grew as a result of this.
You may get Spergo apparel right now from the official website or from other online retailers. In 2021, the company’s annual revenue was $2.5 million. It is believed that the brand is currently worth $2 million. It is anticipated that the company’s brand will continue to grow in the coming years.
You can also concider some other appearances in Shark Tank:
- Clean Bottle Net Worth In 2023: From Shark Tank To Billion-Dollar Company.
- SoaPen Net Worth: From Shark Tank to Millions in Sales(2023).
Frequently Asked Questions
Where is SPERGO today?
When Trey Brown, then 15 years old, came up with the idea for Spergo, he quickly attracted a group of wealthy investors known as “Sharks” from the television show Shark Tank. The lifestyle brand has a storefront in Philadelphia, and if their stats and monthly sales are any indication, they are doing quite well.
Is SPERGO a luxury brand?
If one is to believe the company’s advertising and the high cost of its products, SPERGO is definitely a premium label. The impressive range of products and services offered by the company ultimately convinced the sharks to back it. In case you haven’t heard of it, the label produces high-quality streetwear and casual clothes.
What is SPERGO annual revenue?
Although it is not specified or acknowledged, it is thought that SPERGO has projected annual sales of less than $5 million. We advise keeping an eye on this because the actual annual revenue is hard to pin down.
How is SPERGO doing after Shark Tank?
SPERGO, fresh off their appearance on Shark Tank, has opened their third physical location in Arlington. Trey has stated that, in addition to the brand’s success, he is also working on a line of sneakers. It’s believed that the annual sales for the brand are $3 million.
You can save this page as a bookmark and check for updates whenever you like. To read the entire article, click the link given. Visit thetecheducation.com for up-to-date information.
