Tuesday, March 12, 2019

The Profit - Smithfly Designs Update

Tonight on The Profit, Marcus Lemonis is in Troy, Ohio hoping to make a deal with Smithfly Designs. Smithfly Designs is a fly-fishing and boat apparel company that has designed a unique floating tent called the Shoal Tent.  While Marcus is there, he finds that the owner Ethan Smith is focused heavily on fly-fishing and Marcus wants to expand his focus into other areas.

Let's take a look at some information related to Smithfly Designs as well as what kind of deal was made on the show.

News and Links Related To The Company:

  • Here is the Smithfly Designs website and Facebook page
  • Their website sells things such as rafts, apparel, packs, pouches, hats and other accessories.
  • The Shoal Tent retails for $1,999 and there is a message on the website that says it is out of stock due to popular demand and will be available in 6-8 weeks. (Link)
  • In February 2018, the Shoal Tent retailed for $1,499 and there was a wait back then to due to demand being more than supply. (Link)  
  • In October 2017, NY Post did an article about the Shoal Tent titled, "This floating tent is glamping at its absolute stupidest."  The Shoal Tent was available for pre-order for $1274.15 at the time. (Link)
  • Other floating tents from other companies do exist such as this one on Amazon for $860.
  • In September 2018, Smithfly did a camp out event on the water where 16 Shoal Tents were anchored in a river around 4 fire pits. (Link)

The Deal From The Episode Plus Post-Show Updates (this will be updated continually):

  • The Deal - $1 million for 50% of the business.
  • As of the show airing, there are no Smithfly products on the Camping World, Gander Outdoors, or Realtree websites.
  • As stated above, the Shoal Tent is currently out of stock.

*To see how all of the businesses from The Profit are doing, go to the The Profit Updates page, and also Like us on Facebook or Follow Us on Twitter to stay up to date with all things involving The Profit.

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