What is Boho, and how did it fare on Shark Tank Season 11? Boho is a camper van rental service that appeared on Season 11 of Shark Tank, seeking $300,000 for 10% equity. They impressed the Sharks and ultimately secured a deal with Barbara Corcoran for $150,000 for 10% equity plus a $150,000 line of credit.
Summary
- Boho is a camper van rental company.
- Founders David Sodemann and Brett Ellenson appeared on Shark Tank Season 11.
- They secured a deal with Barbara Corcoran for $150,000 for 10% equity plus a $150,000 line of credit.
- Boho has experienced significant growth since appearing on Shark Tank.
- They have expanded their fleet and added a used van section to their website.
- Boho continues to innovate and thrive in the camper van rental market.
Boho Shark Tank Update | Shark Tank Season 11
What is Boho?
Boho is a company that rents out custom-built camper vans, offering adventurers a unique and stylish way to explore the open road.
They transform ordinary cargo vans into cozy, functional homes on wheels, complete with beds, kitchens, and even bathrooms.
Boho aims to make van life accessible to everyone, providing a hassle-free rental experience with well-maintained vehicles and excellent customer service.
The Rise of Van Life
The “van life” movement has exploded in popularity in recent years, fueled by a desire for freedom, adventure, and a simpler lifestyle.
Social media platforms are filled with stunning images of people living and traveling in their converted vans, exploring breathtaking landscapes and embracing a nomadic existence.
This growing trend has created a demand for readily available, well-equipped camper vans, which Boho perfectly caters to.
Boho on Shark Tank Season 11
1. The Pitch
| Entrepreneurs | David Sodemann and Brett Ellenson |
|---|---|
| Business | Boho Camper Vans |
| Ask | $300,000 for 10% equity |
| Deal | $150,000 for 10% equity + $150,000 line of credit |
| Sharks | Barbara Corcoran |
| Season | Season 11 |
| Original Air Date | March 6, 2020 |
| Website | Boho Camper Vans |
| Key Points of Pitch |
|
| Why Sharks Accepted |
|
2. The Deal
David and Brett entered the Shark Tank seeking an investment of $300,000 in exchange for 10% of their company.
They impressed the Sharks with their passion, knowledge, and the company’s impressive early success.
While there was interest from multiple Sharks, it was real estate mogul Barbara Corcoran who ultimately offered them a deal.
3. Barbara Corcoran’s Investment
Barbara Corcoran recognized the potential of Boho and the growing van life trend. She offered them $150,000 for 10% equity, along with a $150,000 line of credit to help them scale their operations.
This deal provided Boho with the capital they needed to expand their fleet and meet the increasing demand for their camper vans.
Barbara’s expertise in business and real estate proved invaluable to the Boho team as they navigated the challenges of a rapidly growing company.
Boho Update: Life After Shark Tank
1. Sales Growth and Expansion
Appearing on Shark Tank gave Boho incredible exposure. Their website traffic surged, and bookings skyrocketed.
Within the first eight months after their episode aired, they generated $1.4 million in sales and another $1 million in pre-sales.
This success allowed them to significantly expand their fleet, giving customers more options and availability.
They’ve also broadened their reach, opening rental locations in multiple states to better serve adventurers across the country.
2. New Van Models and Features
Boho hasn’t just grown in size; they’ve also focused on innovation. They’ve introduced new van models with upgraded features and layouts, catering to different travel styles and group sizes.
Some of their latest models boast larger kitchens, more comfortable sleeping arrangements, and enhanced off-grid capabilities like solar power and increased water storage.
They even added a “used van” section to their website, providing a more affordable entry point into van life for budget-conscious customers.
3. Navigating the Pandemic and Supply Chain Challenges
Like many businesses, Boho faced unexpected hurdles due to the COVID-19 pandemic. Initially, lockdowns and travel restrictions led to cancellations and uncertainty.
However, they quickly adapted, implementing enhanced cleaning protocols and promoting their vans as a safe way to travel and socially distance.
The pandemic actually fueled the desire for outdoor adventures and self-sufficient travel, ultimately benefiting Boho in the long run.
They’ve also successfully navigated supply chain issues by diversifying their suppliers and proactively managing their inventory.
The Boho Experience
1. Renting a Boho Camper Van
Renting a Boho camper van is designed to be easy and stress-free. Their website provides a user-friendly booking platform where you can select your desired van model, pick-up location, and rental dates.
Boho offers a range of vans to suit different needs and budgets, from basic models for solo travelers to larger, more luxurious options for families or groups.
They also provide helpful resources and guides on their website to help you plan your trip, including packing lists, suggested itineraries, and tips for first-time van lifers.
2. Popular Destinations and Road Trip Ideas
Boho encourages exploration and adventure. Their vans are perfect for road trips to national parks, scenic byways, and hidden gems across the country.
Popular destinations for Boho renters include Yosemite National Park, the Pacific Coast Highway, and the Great Smoky Mountains.
Boho’s blog and social media channels offer inspiration and travel tips, highlighting scenic routes, campgrounds, and must-see attractions.
They even partner with outdoor brands and influencers to create unique travel experiences and promote responsible tourism.
3. Customer Reviews and Testimonials
Boho has earned a reputation for excellent customer service and high-quality vans. Online reviews consistently praise their friendly staff, well-maintained vehicles, and commitment to making van life accessible to everyone.
Renters often share stories of their amazing adventures in Boho vans, highlighting the freedom, flexibility, and connection to nature that van life provides.
These positive testimonials and reviews demonstrate Boho’s dedication to creating memorable experiences for their customers.
Boho’s Impact on the Camper Van Industry
1. Inspiring Entrepreneurship
Boho’s success story has inspired many aspiring entrepreneurs to pursue their dreams in the camper van industry.
By showcasing the viability and profitability of van rentals, they’ve encouraged others to start their own businesses, whether it’s converting vans, offering rental services, or providing related products and services.
This increased competition ultimately benefits consumers by offering more choices and driving innovation within the industry.
2. Promoting Sustainable Travel
Boho actively promotes sustainable travel practices. Their vans are designed with eco-friendly features like solar panels and efficient appliances, minimizing their environmental impact.
They also encourage responsible camping and educate their customers about Leave No Trace principles.
By promoting a more sustainable approach to van life, Boho helps to protect natural resources and preserve the beauty of outdoor spaces for future generations.
3. Contributing to the Van Life Community
Boho actively engages with the van life community, fostering a sense of belonging and shared passion for adventure.
They organize meetups and events, partner with van life influencers, and provide a platform for people to connect and share their experiences.
This sense of community strengthens the van life movement and encourages responsible and respectful travel practices.
Future Outlook for the Company
Boho’s future looks bright. The demand for camper van rentals continues to grow, and Boho is well-positioned to capitalize on this trend.
They have a strong brand reputation, a loyal customer base, and a dedicated team passionate about van life.
By continuing to innovate, expand their fleet, and provide exceptional customer service, Boho is poised for continued growth and success in the years to come.
They are likely to expand into new markets, introduce new van models with advanced features, and further solidify their position as a leader in the camper van rental industry.
FAQs
How much does it cost to rent a Boho camper van?
Rental costs vary depending on the van model, rental duration, and season. You can find detailed pricing information on Boho’s website or by contacting their customer service team.
Where can I pick up a Boho camper van?
Boho has rental locations in several states, and they are constantly expanding. Check their website for the most up-to-date list of pick-up locations.
Do I need any special license to drive a Boho camper van?
In most cases, a regular driver’s license is sufficient to drive a Boho camper van. However, it’s always a good idea to check the specific requirements in your state or country.
Are pets allowed in Boho camper vans?
Yes, Boho is pet-friendly! They welcome furry companions in their vans, but they do have some guidelines and restrictions, so be sure to check their pet policy before booking.
What is included in a Boho camper van rental?
Boho vans come equipped with the essentials for a comfortable van life experience, including a bed, kitchen, and basic cooking supplies. Some models also include features like a bathroom, refrigerator, and solar power. You can find a detailed list of inclusions on their website or in your rental agreement.
What kind of insurance do I need?
Boho provides insurance coverage for their vans, but you may want to consider additional coverage depending on your needs and travel plans. It’s essential to discuss insurance options with Boho’s customer service team before your trip.
The Bottom Line
Boho has emerged as a leader in the camper van rental industry, offering a unique and convenient way to experience the freedom and adventure of van life. Their appearance on Shark Tank propelled them to new heights, and they’ve continued to innovate and grow, inspiring others and contributing to the thriving van life community. Whether you’re a seasoned van lifer or a curious newbie, Boho provides a fantastic opportunity to explore the open road in style and comfort.
