Camp No Counselors is one of the United States’ biggest adult summer camps. It’s a place where you may relive your childhood memories, disconnect from the rest of the world, and have fun as an adult.
The most of the summer camps are located in Florida, California, and New York. The camp also includes meals, lodging, an open bar, and a lot of fun activities.
Who exactly founded Camp No Counselors?
Adam Tichauer established Camp No Counselors. He has a proven track record of developing and maintaining relationships and contacts.
He previously worked as the CEO of Playbutton, a music-based marketing firm, and before launching Camp No Counselors he worked at startup organizations.
He works as an account executive for Charthop, a company that offers business management software.
When Tichauer wanted to bring a few of his old pals together for a weekend excursion, he decided that it would be great if they could just get away.
Then, when he heard about this camp’s popularity, he phoned a summer camp in upstate New York to inquire whether they would allow him to use their facility for the weekend (after the children had gone home).
The party arrived in two buses of acquaintances and friends of friends, where they spent the rest of the day having a wonderful time. After arranging many more weekends, he realized he had a business and began making arrangements.
Camp No Counselors now has nine areas in which to operate. Campers go offline for the whole weekend and form bonds that they haven’t experienced since they were kids.
The expense to enroll is between $550.70 and $626.92, with fees reduced for groups of four or more people.
Camp No Counselors Net Worth 2019 / 2020 / 2021
|Net Worth 2019:||$2 Million USD|
|Net Worth 2020:||$4 Million USD|
|Net Worth 2021:||$5 Million USD|
Season 7 of Shark Tank features an appearance from Adam in which he seeks a $300,000 investment in return for 7.5 percent of Camp No Counselors. This puts the company’s value at $4 million.
What happened to Camp No Counselors on Shark Tank?
On Shark Tank season 7 episode 28, Adam appears in search of a $300,000 cash investment in return for 7.5 percent equity in Camp No Counselors.
According to the same report, his personal net worth is around $4 million. He serves s’mores and mimosas to the Sharks, explaining the concept. Adam greeted them all and invited them to Camp No Counselors.
The camps are now located in New York City, Los Angeles, Chicago, and Nashville. The weekend costs $475 per adult, with an average age of 30 campers.
They rent the camps during the off-season and work with each camp’s existing infrastructure, including staff, to create off-season income, according to Zachary. His only expenditure is for the use of facilities, which includes wages for employees and marketing.
“I had to take this canoe out,” he explains while showing off the kayak. “This is what I found out,” says Mr. O’Leary. It stinks, right?
It’s a difficult life, full of insects, and you’re eaten alive. These days, I put a mint on my pillow when I go to bed.
“No, I don’t want to be around a camp in any way. I’m not sure why these folks would do anything like this.”
Robert Herjavec is interested in learning more about the company, despite the fact that Kevin may not be the greatest partner for Adam.
Adam ran four camps in the previous year, bringing in $160,000 in revenue. He had planned 11 camps for the following year with 1,800 attendees and revenues of $730,000 to date.
The revenue and profit figures for this situation are as follows: A weekend rental of a camp would cost $800,000 in sales, with a profit of $165,000. Robert inquired about the usual price of renting a camp out over the weekend.
According to Adam, they make $200 per person when they pay the camp $278 per participant.
He wants to hold company conferences to boost sales. Kevin O’Leary is seeking information about whether Camp No Counselors is a registered term. Adam claims that he has a big following and is well-known business.
On the other hand, while Kevin sees nothing wrong with the business plan, he has one condition for his Shark Tank investments: he must put his money to use. He’s not going because he “hates camping.”
Why does Adam need a Shark, asks Mark Cuban. Adam explains that he needs money to expand his marketing operations. Robert, Mark, and Lori all disagree and say that he doesn’t require more cash for growth because of his present income stream.
Lori Greiner – thinks it’s innovative and enjoyable, but the value isn’t there, so she doesn’t consider it an investable opportunity. She’s gone.
According to John, Daymond is being charged with “gold mining.” He doesn’t feel the Sharks need to do anything for Adam.
Adam plans to develop a similar event to the Tough Mudder or Colour Run, which he will eventually sell.
Every year or every quarter, Daymond aspires to make a profit. He’s out because he doesn’t want to become a long-term sell-out investor.
Robert followed up. He praised the concept and camping, stating that he liked it as well. Because he did not believe money would help them grow this business, he departed.
The Sharks’ owner, Mark Cuban, is the only member of the team who remains. He informs Adam that his price is too high and offers him a $300,000 offer for a 25 percent stake.
Adam states that no shark deal is possible unless all of them agree. The Sharks are dissatisfied, and as a result, no Shark agreement is attainable for Adam.
About Camp No Counselors after the Shark Tank Pitch
Despite the fact that Adam received no bite from his suspicious valuation and overly ambitious offer, he is reaping the benefits of the Shark Tank Effect, with inquiries and interest pouring in via e-mail, Facebook, and his website.
Immediately after the episode aired, he posted a blog instructing potential purchasers to be patient, stating that he would respond “within ten business days.”
After their appearance on Shark Tank, Camp No Counselors has grown to ten cities: Austin, Boston, Chicago, Los Angeles, Miami, Michigan, Nashville, New York City (apt), and San Francisco.
Even without a Shark contract, it appears that Adam has established himself in the foothills of success.
In 2020, the Covid-19 epidemic effectively ended this line of work. Despite the fact that there were no camps open throughout the year, employees were not furloughed.
They intend to hold camps that are more rigorous than the CDC Recommendations in 2021. Annual revenue was $2 million before lockdown.
The Camp No Counselors Shark Tank Recap
Adam approaches the Tank looking for a $300,000 investment in return for 7.5 percent of Camp No Counselors. He gives out s’mores and mimosas to the Sharks, accompanied by a presentation.
The camps are now located in New York City, Los Angeles, Chicago, and Nashville. The weekend cost for an adult is $478, with the average camper age of 30.
Adam says they rent out the camps during the off-season, working with each camp’s existing infrastructure, including personnel, to generate off-season money and his only expenditure is the rental fee, which includes staff salaries as well.
“Here’s what I learned: It sucks,” says business magnate Kevin O’Leary, recalling his time as a camp counselor. “There are a lot of bugs, and you get eaten alive; it’s hard labor. Today, when I go to bed, I like a mint on my pillow. Camping confuses me.”
Robert Herjavec is interested in learning more about the company, but Kevin isn’t the greatest match for Adam. In the last year, Adam has organized four camps, with sales of $160,000 each.
He aims to have 11 camps in the next year, with 1,800 participants, for a total of $730,000 in revenue. Sales are expected to reach $800,000 and yield a profit of $165,000. The profit margin is approximately $200 per person. He’s considering establishing corporate retreats as a method to boost sales
Kevin O’Leary is curious about the Camp No Counselors concept. Adam explains that he has a large fan base and is a well-known brand. Despite seeing “nothing wrong” with the company model, Kevin said that he has a rule with his Shark Tank investments: if he invests in a business, he’ll use the products he’s invested in.
Adam asks why the Sharks need him. Adam explains that he requires capital to develop in new marketing areas. Robert, Mark, and Lori all agree that because of the current cash flow, he does not require additional money for growth. Daymond John accuses him of “gold digging.” He thinks Adam doesn’t need anything from the Sharks anyway.
Adam wants to create something like the Tough Mudder or Color Run, both of which he would eventually sell to licensing. Daymond wishes to make money “every year or every quarter,” and isn’t interested in a long-term sell out investment. Robert Herjavec is intrigued by the concept, but he doesn’t feel he can add anything to the company.
The last Shark standing is Mark Cuban. He claims that Adam’s price is too high, offering $300,000 for 25 percent. Adam states that the only way he’d be willing to go up to $300,000 would be if all of the Sharks joined in. The Sharks are unimpressed; and when they refuse him, leaving him with no investment, he leaves the Tank in disappointment.
Camp No Counselors Shark Tank Update
The Shark Tank Blog is a blog that follows up on entrepreneurs who have appeared on the Shark Tank television show. We keep an eye on the businesses featured in each episode, whether they obtain financing or not, and report on their development after it has aired.
Despite the fact that Adam didn’t get a Shark to bite on his lowball offer and aggressive demand, he is clearly reaping the benefits of the Shark Tank Effect, as his e-mail, Facebook, and website are flooded with inquiries and interest.
After the program aired, he posted a blog asking interested consumers to be patient, with a promise to respond “within ten business days.”
Camp No Counselors has grown from one to ten cities since Shark Tank; Austin, Boston, Chicago, Los Angeles, Miami, Michigan, Nashville, New York City (formerly known as San Francisco), San Francisco, and Toronto. It appears that even without a Shark deal, Adam is enjoying himself in the hills of success.
For 2020, at least, the Covid-19 epidemic has effectively shut down this firm. Even though no camps were operating, the company did not furlough anybody throughout the year. In 2021, they’ll hold camps that are more restricted than CDC recommendations. Annual revenue prior to lockdowns was $2 million.