CordaRoy Bean Bag: Convertible Furniture from Shark Tank
Did you know CordaRoy’s Convertible Bean Bags made $195 million in sales by October 2023? This shows how popular and in demand this furniture is. Introduced in March 2013, these bean bags turn into beds. They were created by Byron Young in Gainesville, Florida.
Byron’s idea quickly became a hit. They got a deal for $200,000 from Lori Greiner on “Shark Tank.” This deal made their website crash because of too many visitors. By 2018, they moved to a 20,000 square foot factory to keep up with demand.
They also partnered with Costco and are on Amazon. This made their products easy to find.
Key Takeaways
- CordaRoy secured a deal with Lori Greiner for $200,000 on Shark Tank.
- The company reached $195 million in lifetime sales by October 2023.
- Post-show popularity caused their website to crash due to high traffic.
- In 2018, CordaRoy moved into a 20,000 square foot manufacturing facility.
- By 2014, they had generated over $3 million in sales.
- As of May 2022, CordaRoy was earning $5 million in annual revenue.
- CordaRoy products are widely available on Amazon and will soon be in retail stores.
The Story Behind CordaRoy’s Convertible Bean Bags
CordaRoy’s has a rich history of innovation and practicality. It started with a simple idea that changed many homes. This shows how a small idea can grow into something big and useful.
How It All Began
In 1998, Byron Young started CordaRoy’s in his garage in Gainesville. He faced a common problem: unexpected guests. Young solved this by creating a bean bag chair that turns into a bed. This was a smart way to add extra sleeping space.
The Innovation from Gainesville, Florida
The idea for the convertible bean bag quickly grew. It was so good that Young had to patent it. CordaRoy’s, based in Gainesville, Florida, became a big name. It shows how a new idea can grow with hard work and creativity.
“The invention came from the need for more beds,” Byron Young noted during an interview, reflecting on the origins of the CordaRoy’s convertible bean bag.
CordaRoy’s success is rooted in innovation. It shows how a simple idea can change our daily lives for the better.
A Unique Appearance on Shark Tank
Bryon Young’s appearance on Shark Tank with the CordaRoy Bean Bag was unforgettable. His pitch was both memorable and instantly captivating.
The Memorable Pitch
Bryon showcased the CordaRoy Bean Bag, highlighting its versatility. It can transform into a comfortable bed. He asked for $200,000 for 20% equity.
The sharks were impressed by its smooth transformation and comfort. They saw its potential in the market. This caught their attention quickly.
Investment and Outcome
After intense negotiations, Bryon got an investment from Lori Greiner. The deal was $200,000 for 58% equity. This partnership made CordaRoy well-known, boosting sales.
After the show, demand skyrocketed. The website crashed for two days due to high traffic. By 2014, sales hit over $3 million.
By 2018, sales reached $10 million. As of October 2023, CordaRoy’s sales hit $195 million. It’s now one of the top earners from Shark Tank.
How the CordaRoy Bean Bag Works
Exploring the CordaRoy Bean Bag reveals its clever design. It changes from a bean bag to a bed easily. This makes it a great addition to any home.
Transforming from a Bean Bag to a Bed
The CordaRoy Bean Bag is all about simplicity and usefulness. Its special mechanism lets you unzip the cover and turn it into a cozy bed. This is super handy for when guests stay over, avoiding the hassle of air mattresses or pull-out sofas.
One happy customer shared that their grandsons, aged 18 and under, love using the CordaRoy Bean Bags as beds. It’s become a favorite in their home.
Material and Construction
CordaRoy’s Bean Bags are built to last. They’re filled with top-quality foam that keeps its shape and support. The outer cover is tough and can be washed in a machine, making upkeep a breeze.
A devoted customer has owned a CordaRoy Bean Bag for over 20 years. They praise its enduring quality and dependability.
Here are some real-life stats that show how much people love CordaRoy Bean Bags:
| Statistic | Detail |
|---|---|
| Average Delivery Time | 29 days |
| Number of Bean Bags Purchased for Grandsons | 3 |
| Duration Owned by a Customer | 5 years |
| Length of Use by Particular Customer | 20 years |
| Number of CordaRoys by a Repeat Customer | 5+ |
| Height for Largest Size Recommendation | 6 feet |
| Children Sleeping on Bean Bags | 3 nights |
| Number of Bean Bags Purchased for Family Members | 5th |
Comfort and Design Features of CordaRoy Bean Bags
CordaRoy’s bean bags are more than just furniture. They mix comfort and design to make any room better. Made with top-quality materials and smart design, they offer unmatched relaxation.
Foam-Filled Comfort
CordaRoy’s bean bags are incredibly comfortable, thanks to their premium foam fillings. Unlike regular bean bags that lose shape, these comfortable bean bags stay firm and comfy for years. The foam molds to your body, giving great support and a cozy spot to relax.
Stylish and Versatile Designs
CordaRoy’s knows how important looks are in home decor. Their bean bags come in many stylish designs, fitting any room. You can choose from plush corduroy, luxurious chenille, or soft faux fur. These designs fit well in dorms, living rooms, or entertainment areas.
Also, CordaRoy’s bean bags are built to last. Many customers have used theirs for over five years. Their quality and design make them both stylish and durable.
| Model | Key Features | Customer Use |
|---|---|---|
| Ultimate Sack 6000 | 6 Foot, can accommodate two adults comfortably | Great for family rooms |
| Big Joe Dorm Chair | Filled with UltimaX Beans, comes with stitched-on handle | Ideal for dorm rooms, easy transport |
| Jaxx Cocoon 6′ | Can be used as a giant bed or flipped for a chair position | Sleeping and seating flexibility |
| Sofa Sack Ultra Soft | Made of memory foam material | Long-lasting comfort |
| Yogibo Max | Six-foot size, fits two adults or several kids | Functions like a couch |
Why CordaRoy Bean Bag Is Different
CordaRoy’s Bean Bag is a standout in the world of seating. It offers unmatched comfort and flexibility. Let’s explore what makes it special.
Patented Bed Inside
The CordaRoy Bean Bag has a patented bed inside. This amazing feature lets it turn into a bed easily. It’s perfect for guests or a cozy lounge spot.
Durable and Long-Lasting
CordaRoy Bean Bags are built to last. Made with the best materials and craftsmanship, they can handle daily use. They promise long-lasting comfort and style.
| Year | Highlights |
|---|---|
| 2012 | Aired on Shark Tank, $1.4M in sales, $200K in profit |
| 2014 | Grossed $3M in annual revenue |
| 2018 | $10M in lifetime sales, moved to a 20,000 sq ft facility |
| 2022 | $5M in annual revenue |
| 2023 | $195M in lifetime sales, 12th highest-earning Shark Tank company |
CordaRoy Bean Bags offer comfort, flexibility, and durability. They are a great choice for any home.
CordaRoy Bean Bag Shark Tank Success Story
Appearing on Shark Tank in March 2013 was a turning point for CordaRoy’s. Before this, it was a local business founded by Byron Young in 1998. It faced financial struggles and transitions. The show’s exposure and endorsement marked the start of their success.
Sales skyrocketed, and their website saw a huge increase in traffic. This change forever altered the company’s path.
Before and After Shark Tank
Before Shark Tank, CordaRoy’s had ups and downs. They had to close 22 out of 23 mall kiosks. Despite this, they sold around $500,000 annually. They had a solid product and a loyal customer base.
However, national exposure was on the horizon.
After the show, demand soared. Web traffic jumped from 23 to 25,000 visitors in minutes. This surge showed the power of TV exposure and CordaRoy’s design. Sales jumped to $3 million annually, then to $7 million by 2014.
Today, they’ve sold over 1 million chairs, becoming a nationwide brand.
Partnership with Lori Greiner
Lori Greiner’s investment was key to CordaRoy’s success. She invested $200,000 for 58% equity. Her retail and innovation expertise helped scale the business fast.
Under her guidance, CordaRoy’s expanded to big retailers like Sam’s Club and Bed Bath & Beyond. This increased visibility and market share.
Lori also boosted marketing and product range. CordaRoy introduced the NEST Convertible Bean Bag. Their product line grew from three sizes and five fabrics to six sizes and over 15 fabrics.
They also started using CertiPUR-US® Certified Foam in their products, showing their commitment to quality.
| Year | Milestone |
|---|---|
| 1998 | Founded by Byron Young |
| 2009 | Closed 22 out of 23 kiosks |
| 2013 | Appeared on Shark Tank |
| 2014 | $7 million in sales |
| 2023 | Achieved $195 million in total sales |
The Different Sizes Available
CordaRoy Bean Bag sizes offer a wide range to fit every need. You can find compact sizes for kids or larger ones for lounging. This makes choosing the right bean bag easy and flexible.
From Youth to King Size
CordaRoy’s has four main sizes: Youth, Full, Queen, and King. Each size fits different spaces and needs. The Youth size is great for small rooms and kids. The King size is perfect for big spaces where adults or families can relax.
Choosing the Right Size for Your Needs
When picking bean bags, think about your room’s size and how you’ll use them. Youth sizes work well in small rooms or for kids. King sizes are best for big living areas or home theaters. Here’s a quick guide:
- Youth: Great for kids’ rooms and small spaces.
- Full: Ideal for teens or single adults in small places.
- Queen: Perfect for guest rooms or couples wanting more comfort.
- King: Best for family rooms or large living areas for ultimate comfort.
Knowing the different CordaRoy Bean Bag sizes helps you pick the best one. This ensures your choice adds comfort and function to your space.
Popular Models and Styles
CordaRoy’s bean bags are known for their comfort and versatility. They have become a favorite in many homes. Their appeal comes from being both functional and made of premium materials.
Best Sellers
The plush corduroy and chenille bean bags are top picks. They come in full, queen, and king sizes to fit every need. Each is filled with 100 percent polyfoam, expanding to 54 by 75 inches for a bed.
The covers are machine-washable, and there’s a lifetime warranty. People love these bean bags for watching TV, homework, or sleepovers. They praise their durability and practicality for families.
Special Editions and Collaborations
CordaRoy sometimes releases special edition bean bags. These are made in collaboration with brands or personalities. They offer a unique design that caters to different tastes.
As seen on ABC’s Shark Tank, these special editions add a fresh touch to CordaRoy’s lineup. Fans eagerly buy these exclusive collections. They say these bean bags add comfort and style to any room.
| Model | Fabric | Price | Special Features |
|---|---|---|---|
| Chenille Bean Bag | Chenille | $298.91 | Most inexpensive option on Amazon |
| Corduroy Bean Bag | Corduroy | $317.99 | Comes with machine-washable covers |
| Faux Fur Bean Bag | Faux Fur | $350.00 | Luxurious texture and feel |
CordaRoy’s bean bags come in various fabrics like chenille, faux fur, and corduroy. They suit different styles and budgets. Whether for daily use or as a guest bed, CordaRoy’s bean bags blend function and style.
Customer Testimonials and Reviews
CordaRoy Bean Bag reviews often talk about the amazing comfort and versatility. People all over the United States love them. They say these bean bags are perfect for sitting and sleeping.
The CordaRoy has become a favorite in many homes. People enjoy using it for lounging, gaming, and watching TV. They also love its long life and the lifetime warranty, which shows its durability and comfort.
One happy customer loves the NEST Convertible Bean Bag. They say it’s more supportive than the old models. This new design has gotten a lot of praise, making CordaRoy known for its innovation and comfort.
Many customers also talk about how easy it is to turn the bean bag into a bed. They say it’s great for when guests come over. This feature has gotten a lot of positive feedback in CordaRoy Bean Bag reviews.
Here’s a snapshot of what the CordaRoy family is saying:
| Customer | Feedback |
|---|---|
| Sarah M. | “The best investment for my living room! My kids love it and it’s super easy to convert.” |
| Michael B. | “Incredible comfort and versatility. Perfect for my gaming sessions.” |
| Laura K. | “Guest bed or comfy chair – it does both. The quality is outstanding.” |
| John P. | “Transforms effortlessly and feels like a cloud. Truly a unique piece of furniture.” |
The great reviews and testimonials show how happy people are with CordaRoy’s Bean Bags. They are a top choice for many homes. These bean bags are loved for both relaxation and practical use, making them a must-have item.
Durability and Lifetime Promise
When you buy furniture, you want it to last. CordaRoy’s bean bags are built to last. They focus on quality and making customers happy.
Quality Assurance
CordaRoy’s is all about making durable products. They use CertiPUR-US® Certified Foam for safety and quality. Plus, they make their bean bags in the USA.
They give you tips on how to keep your bean bag clean. This includes spot cleaning, washing covers, fluffing foam, and checking zippers and seams. This care means they can offer a lifetime warranty.
Customer Service Support
CordaRoy’s cares about your happiness with their products. Their customer support team is quick to help. They answer questions and fix any problems you might have.
They make sure you’re happy with your purchase. Many customers have shared their positive experiences. This shows CordaRoy’s commitment to excellent customer service.
| Year | Revenue Growth | Key Milestones |
|---|---|---|
| 2013 | +500% | Shark Tank Appearance |
| 2015 | +300% | Global Market Entry, New Fabrics |
| 2018 | +200% | Pet-Friendly Products Launch |
| 2021 | +150% | Eco-Friendly Product Line Introduction |
Availability and Purchasing Options
If you want to buy CordaRoy Bean Bag, you have many places to check. You can find them on CordaRoy’s official website and big stores like Amazon. You can also look at specialty furniture stores, making them easy to get for many people.
Where to Buy
You can find CordaRoy’s products on their official website. It has the widest selection and newest items. Amazon also has a big range of their bean bag chairs. You can also check local furniture stores for a hands-on look.
Pricing and Bundles
Looking at pricing options for CordaRoy bean bags, several things matter. These include the fabric, size, and any bundle deals. The chenille option is the cheapest, while faux fur and corduroy are a bit pricier. They come in full, queen, and king sizes, so you can pick the right one for you. Prices start low, and buying more than one can save you money.
Here’s a detailed look at the pricing options and bundles:
| Size | Fabric | Price | Bundle Options |
|---|---|---|---|
| Full | Chenille | $200 | Chair + Extra Cover |
| Queen | Faux Fur | $250 | Chair + Footstool |
| King | Corduroy | $300 | Chair + Blanket |
In summary, if you’re looking to buy CordaRoy Bean Bag, you’ll find good pricing options. They offer a variety of models and fabrics to fit different tastes and budgets.
Conclusion
The CordaRoy Bean Bag is a hit for its practical, stylish, and comfy design. It gained fame after appearing on Shark Tank. Byron Young’s pitch in March 2013 was a game-changer, offering $200,000 for 20% equity.
This led to a huge spike in interest, causing the company’s website to crash. It showed just how big an impact Shark Tank can have.
After the show, CordaRoy’s sales soared. In 2013, sales jumped 500%, and in 2015, they rose 300%. By October 2023, they had reached $195 million in lifetime sales.
The company didn’t just stop at sales. They introduced new sizes like Youth, Full, Queen, and King. Prices ranged from $224.99 to $1,099.99. They also launched new products like the NEST Convertible Bean Bag and pet-friendly items.
CordaRoy has teamed up with big names like Sam’s Club and Bed, Bath, and Beyond. They’ve also worked with influencers and celebrities. This has helped them reach more people.
The company uses CertiPUR-US® certified foam for safety and durability. CordaRoy keeps innovating and growing. They’re a favorite in American homes for their unique blend of comfort and style.
