Highlights
- Steve Christian pitched Table Jack, a device to stabilize wobbly tables, seeking $100,000 for 25% equity on Shark Tank.
- Despite demonstrating the product and having $200,000 in sales, the Sharks did not invest, citing concerns about market size and business potential.
- Post Shark Tank, Table Jack continued to grow, securing deals with major restaurant chains and reaching $2 million in annual revenue by October 2023.
Overview
| Category | Details |
|---|---|
| Name | Table Jack |
| Founders | Steve Christian |
| Industry | Restaurant Equipment |
| Product | Table stabilizer to eliminate wobbly tables |
| Funding | Did not secure a deal on Shark Tank |
| Investment Ask | $100,000 |
| Equity Offered | 25% |
| Valuation | $400,000 |
Steve Christian hopes to get a stabilizing investment from the Sharks for Table Jack, his table stabilizer that eliminates wobbly tables, in Shark Tank episode 606. The Table Jack is marketed to restaurants to allow owners, managers, and even customers to adjust and stabilize a wobbly table. The product is a patent pending, jack-like mechanism that adjusts those pesky legs on restaurant tables that cause tables to wobble.
Christian started Table Jack a little over two years ago to combat the wobbly table problem. He makes the product from commercial grade plastic and they’ve proven their durability in major chains like Smith and Wollensky, Applebee’s, Buffalo Wild Wings, and many more. There are certified installers in seven states (they can easily be installed by a business owner too) and many satisfied customers.
The business is at a stage where it’s poised to explode. Mr. Christian is likely looking for a Shark to help with purchase order financing and manufacturing. Will Table Jack get the Sharks Jacked up?
Table Jack Shark Tank Recap
Steve enters seeking $100K for 25% of his business. He explains that wobbly tables are the number one complaint he’s heard in his 25 years in the restaurant business. He demos the product and says he has inquires from all over the world, then he hands out samples and explains why tables wobble.
Sales over 2 years are $200K. He sold two restaurants to work on Table Jack.
Mr. Wonderful thinks he should go to table manufacturers or it’s too much of a hassle. Steve admits he was selling while waiting to tape Shark Tank! Mr. Wonderful thinks the business is like seven layers of hell, he goes out. The Sharks then ask the cost and Steve makes a little less than twelve bucks a unit. Barbara says she got tips when she was a waitress because she’d bend over and fix it! Lori thinks the market is too small, she’s out. Robert follows.
Mark says he loves Steve’s hustle, but he’s not ready to make a commitment, he’s out too.
NO DEAL
Table Jack Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The company is still in business in April, 2023 and has sold millions of dollars worth of products to dozens of national restaurant chains including Olive Garden, Fridays, Ruth Chris Steakhouses and many more. He also supplies his own restaurants. As of October, 2023, annual revenue is $2 million.
Posts About Table Jack on Shark Tank Blog
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