What is Cubicall and what problem does it solve? Cubicall is a company that creates sound-insulated phone booths for open offices. It was founded by Nick and Anthony Pucci in 2017 to address the need for private spaces in modern offices, which often have open floor plans that can be noisy and distracting. Cubicall booths provide a quiet and private space for employees to make phone calls, hold meetings, or simply focus on their work.
Summary
- Cubicall, founded by Nick and Anthony Pucci, creates sound-insulated phone booths for open offices.
- They appeared on Shark Tank Season 10, seeking $350,000 for 10% equity.
- Barbara Corcoran invested $350,000 for 25% equity.
- The deal with Barbara ultimately did not close.
- Cubicall faced challenges during the COVID-19 pandemic.
- Despite setbacks, Cubicall continues to operate and has secured notable clients like SAP, Goldman Sachs, and Cisco.
- As of 2022, Cubicall reported annual revenue of $5 million.
Cubicall Shark Tank Update | Shark Tank Season 10
Cubicall is a company that designs and manufactures sound-insulated phone booths for open offices.
Founded in 2017 by brothers Nick and Anthony Pucci, Cubicall aims to address the growing need for privacy and focus in today’s increasingly collaborative workspaces.
The Problem with Open Offices
Open-plan offices have become the norm in many industries, promoting collaboration and communication.
However, this design often comes at the cost of individual privacy and concentration.
Noise and distractions can make it difficult for employees to focus on tasks, leading to reduced productivity and increased stress.
Cubicall’s Solution
Cubicall offers a range of sleek, modern phone booths that provide a quiet sanctuary within open-plan offices.
These booths are designed to absorb sound, minimizing distractions and allowing employees to make phone calls, hold virtual meetings, or simply work in peace without disturbing their colleagues.
Cubicall on Shark Tank
1. The Pitch
Cubicall appeared on Season 10 of Shark Tank, where founders Nick and Anthony Pucci presented their innovative solution to the Sharks.
Here’s a breakdown of their pitch:
| Entrepreneurs | Nick and Anthony Pucci |
|---|---|
| Business | Cubicall |
| Ask | $350,000 for 10% equity |
| Deal | $350,000 for 25% equity |
| Sharks | Barbara Corcoran |
| Season – Episode | Season 10 – Episode 21 |
| Original Air Date | May 5, 2019 |
| Website | Cubicall |
| Key Points of Pitch |
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| Why Sharks Invested |
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2. The Sharks’ Offers
Several Sharks expressed interest in Cubicall, recognizing the potential of the product in the modern workplace. Mark Cuban, Lori Greiner, and Robert Herjavec ultimately opted out due to concerns about market competition and profit margins.
Kevin O’Leary, known for his sharp negotiating skills, proposed a deal that included a royalty on each unit sold. While this offer intrigued the founders, they were hesitant to commit to a long-term royalty structure.
3. The Deal with Barbara Corcoran
Barbara Corcoran, a real estate mogul with a keen eye for investment opportunities, offered $350,000 for 25% equity in Cubicall.
She saw the value in the product and believed her expertise in the real estate and design industries could help the company grow.
After careful consideration, Nick and Anthony accepted Barbara’s offer, excited to partner with a Shark who shared their vision for Cubicall’s future.
Cubicall After Shark Tank
1. Challenges and Growth
While securing a deal on Shark Tank is often seen as a guaranteed path to success, Cubicall’s journey after the show highlights the challenges businesses can face even with a Shark’s backing.
The deal with Barbara Corcoran ultimately did not close, although the founders have mentioned she provided valuable advice and guidance.
The COVID-19 pandemic presented significant hurdles for Cubicall, as many businesses shifted to remote work and reduced their office space. This led to a decline in demand for office phone booths.
However, Cubicall adapted by expanding its product line to include medical exam booths and isolation pods, tapping into the growing need for safe and private healthcare spaces.
2. Relocation and Expansion
In 2020, Cubicall relocated its operations to Las Vegas, Nevada. This move allowed the company to streamline its manufacturing process and access a wider pool of talent.
Despite the challenges posed by the pandemic, Cubicall continued to grow, expanding its production capacity and developing new product lines.
3. Notable Clients
Cubicall’s commitment to quality and innovation has attracted a diverse range of clients, including major corporations, government agencies, and healthcare providers. Some of their notable clients include:
- SAP: A multinational software corporation
- Goldman Sachs: A leading global investment bank
- Cisco Systems: A multinational technology conglomerate
- Bloomberg L.P.: A financial, software, data, and media company
- Department of Homeland Security: A U.S. federal agency responsible for public security
These partnerships demonstrate Cubicall’s ability to provide effective solutions for organizations of all sizes and industries.
Cubicall’s Products and Services
1. Phone Booths
Cubicall’s core product is its line of sound-insulated phone booths. These booths come in various sizes to accommodate individuals or small groups. They are designed to provide a quiet and private space for:
- Phone calls: Make confidential calls without disturbing colleagues.
- Virtual meetings: Hold online meetings with clear audio and minimal distractions.
- Focused work: Concentrate on tasks that require deep focus.
2. Medical Exam Booths
Expanding on their expertise in creating private spaces, Cubicall also offers medical exam booths. These booths provide a hygienic and confidential environment for:
- Patient consultations: Conduct private discussions with patients.
- Telehealth appointments: Facilitate virtual medical consultations.
- Testing and screenings: Provide a controlled space for medical examinations.
3. Customization Options
Cubicall understands that every workspace is unique. To cater to different needs and aesthetics, they offer a range of customization options for their booths, including:
- Size and configuration: Choose from various sizes and layouts to fit your space.
- Color and finishes: Select colors and materials that complement your office design.
- Branding and graphics: Add your company logo or other graphics to personalize your booths.
- Technology integration: Integrate power outlets, USB ports, and other technology features.
Cubicall’s Financial Performance
1. Pre-Shark Tank Revenue
During their Shark Tank pitch, Nick and Anthony Pucci revealed that Cubicall had generated approximately $500,000 in revenue in the year leading up to their appearance on the show.
2. Post-Shark Tank Growth
While the deal with Barbara Corcoran did not ultimately close, Cubicall continued to grow its business after Shark Tank.
The company expanded its product line, secured significant clients, and increased its production capacity.
3. Annual Revenue
As of August 2022, Cubicall reported an annual revenue of $5 million. This impressive growth demonstrates the company’s ability to navigate challenges and capitalize on opportunities in the evolving workplace market.
The Future of Cubicall
1. Market Trends
The future of Cubicall looks promising, as several market trends align with their product offerings:
- Hybrid work models: With more companies adopting flexible work arrangements, the need for private spaces within offices is likely to increase. Employees returning to the office will need areas for focused work and virtual meetings.
- Emphasis on employee well-being: Companies are increasingly prioritizing employee well-being and creating environments that support productivity and reduce stress. Cubicall’s booths contribute to a healthier and more comfortable workspace.
- Growth of flexible office spaces: The rise of co-working spaces and flexible office solutions creates a demand for adaptable and modular furniture, like Cubicall’s booths.
2. Potential for Growth
Cubicall has several avenues for future growth:
- Product innovation: Continuing to develop new products and features, such as integrated technology and enhanced soundproofing, will keep Cubicall competitive.
- Market expansion: Expanding into new markets, both domestically and internationally, can significantly increase their customer base.
- Strategic partnerships: Collaborating with other companies in the office furniture and design industry can open new doors and create synergistic opportunities.
3. Competition
The market for office phone booths and privacy solutions is becoming increasingly competitive. Cubicall faces competition from established players as well as new entrants. To maintain its position in the market, Cubicall will need to:
- Differentiate its offerings: Focus on unique features, such as customization options and high-quality materials, to stand out from the competition.
- Maintain competitive pricing: Offer competitive prices while ensuring profitability.
- Build strong customer relationships: Provide excellent customer service and support to foster loyalty and generate positive word-of-mouth referrals.
FAQs
What is the price range of Cubicall booths?
Cubicall booths range in price from approximately $6,500 to $12,000, depending on the size and features.
Where are Cubicall booths manufactured?
Cubicall booths are manufactured in the United States.
Does Cubicall offer financing options?
Yes, Cubicall offers financing options to make their products more accessible to businesses.
Can Cubicall booths be used outdoors?
Cubicall booths are primarily designed for indoor use. However, they may be suitable for covered outdoor areas, depending on the specific conditions.
What is the warranty on Cubicall booths?
Cubicall offers a warranty on their booths, covering defects in materials and workmanship. The specific terms of the warranty may vary.
How long does it take to assemble a Cubicall booth?
Cubicall booths are designed for easy assembly. The assembly time varies depending on the size and configuration of the booth.
Can I return a Cubicall booth if I’m not satisfied?
Cubicall has a return policy, but it’s advisable to contact their customer service for details regarding specific terms and conditions.
The Bottom Line
Cubicall has carved a niche for itself in the evolving workspace market by providing innovative solutions for privacy and focus. Despite facing challenges, the company has demonstrated resilience and adaptability.
By offering high-quality products, embracing customization, and staying attuned to market trends, Cubicall is well-positioned for continued growth. As the modern workplace continues to evolve, Cubicall’s focus on creating functional and aesthetically pleasing private spaces will likely remain in high demand.
