Nick Palermo and Kyle Allen roll into the Shark Tank with Ski-Z, their wheel caddy for skis, in the Shark Tank Holiday Special – episode 1012. Allen, an avid skier from Louisiana of all places, grew weary of hauling skis for his wife and daughters. He thought there had to be a better way, so he invented Ski-Z.
Ski-Z is manufactured by SkiJunk, LLC. It’s their only product for the time being. It’s an injection molded nylon wheel – much like a skateboard wheel – attached to a plastic frame. The frame clips to two skis butted together at the curved end. Instead of carrying the skis on your shoulders, the Ski-Z lets you roll them along a parking lot or hard pack snow. When you’re ready to ski, simply stick it in your pocket.
Ski-Z comes in four colors: lime green, pink, grey and red. It’s light weight and temperature resistant. They’re listed for sale at $21.95. The company and product are relatively new and there isn’t much news or information about them online. That’s sure to change after appearing in the Tank. Kyle and Nick hope the Sharks will help make SkiZ a household word.
Ski-Z Company Information
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Posts about Ski-Z on Shark Tank Blog
Ski Z by Ski Junk – Wheel Tote for Skis
Ski-Z Shark Tank Recap
Nick and Kyle enter the Shark Tank seeking $50,000 for 15% of their business. They do their presentation and demonstrate the product. After their pitch, they hand out samples. The company started in 2013 and they did $230,000 in sales that year. After that, they shelved the business for personal reasons: Kyle got divorced and Nick was diagnosed with prostate cancer. Once all the dust settled, they decided to relaunch the business. Each unit costs $.350 to make and they sell for $19.95. The two men are currently sitting on $350,000 worth of inventory and are in talks with a distributor. Sales projections for the year (2018) are $575,000.
Barbara offers the guys $50,000 for 15% – exactly what they asked for. The guys whisper to each other and Barbara asks them what it’s all about. They say they may need an additional $50,000 in a line of credit and she tells them it’s not a problem. At this point, Daymond offers $50,000 for 20%. They end up doing the deal with Barbara.
Ski-Z 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 deal with Barbara closed. In the years since they aired, neither man made SkiZ a full time endeavor. Nick continued to sell real estate in Colorado and Kyle continued to run his other business, Global Vessel and Tank. As of August, 2023, the company is still in business and earning $200,000 annually.
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