Hamboards Net Worth: A business called Hamboards describes itself as “the tiny company that manufactures the very BIG Skateboard,” and they’ll be appearing on Shark Tank episode 507! The Hamborg Family designed the massive skateboards in order to simulate true surfing on land when the ocean’s waves aren’t cooperating. They are available for rent. When it comes to pitching the Shark Tank, Hamboards is a family affair; father Pete Hamborg and his son Gus, as well as relative Don Sandusky, are the main characters.
The Hamborg family is made up of a mother, a father, and five sons. In addition to surfing and longboard skateboarding, the entire group has developed a successful company in their hometown of Huntington Beach, California, producing longboard skateboards. An almost-surfboard-sized device, the Hamboard elevates the longboard concept to a whole new level of awesomeness and versatility.
They’ll all make their way into the Shark Tank in what promises to be an entertaining session. Pete, Gus, and Don look to be laid-back California surfers who have made a good living from their passion for the sport they love. They truly “cut it up” in their Shark Tank promotional video (below), but the issue is whether they will be able to cut it in the Shark Tank itself.
2014 saw Shark Tank investor Robert Herjavec spend $300,000 in the long skateboard business Hamboards, resulting in a 30 percent ownership stake. Their growth plan was to concentrate on selling their hand-crafted boards to boutique boutiques as a means of expanding their customer base.
Following their participation on Shark Tank, the company’s revenues surpassed $1 million. However, revenues in the next year were just $447k, and the firm has to sell around $800k in order to break even. On Beyond the Tank, Herjavec must confront the truth that Hamboards is not profitable at this time. Either the company’s expenditures must be reduced or its sales must be increased.
Peter Hamborg established Hamboards in Huntington Beach, California, in 1989. The University of Orange Coast College provided Peter with the opportunity to pursue his interest in tubular projection in aqueous environments, and he went on to work as an Orange County firefighter for more than thirty years.
He believes himself to be a craftsman, a fireman, and, most recently, an entrepreneur in addition to these other titles. The use of the word “recently” is a relative term, however, because this is his most recent position, which he has held with pride for more than fifteen years.
Peter had no intention of entering the corporate sector; as previously said, he spent most of his career as a fireman, which he enjoyed immensely. He was passionate about his career, his family, and surfing.
Surfing and spending time at the beach were also appreciated by the father and his children. Surfing conditions aren’t always perfect, and on those days, Peter would spend his time working in his garage.
Currently, the firm is prospering in the year 2021. They are continuing to produce income, benefiting from Robert Herjavec’s commitment and support, and are looking forward to commemorating sixteen years in business at the conclusion of the calendar year.
Buy hamboards from their official website, hamboards.com, or from one of the many skateboard stores that exist around the United States and the world.