1998 – Byron begins selling homemade bean bag chairsīyron starts selling homemade bean bag chairs.Here are some key moments from Cordaroy’s early years:īrowse Our Huge Selection of Official Shark Tank Products: So instead of using old-school filling like polystyrene beads or foam bits, Byron opted for shredded foam. What set him apart was his determination and creativity – no ordinary bean bags would do. He wanted everyone to experience the unmatched comfort he could provide through his unique designs. Not quite what you’d expect from an industry leader today, right?īyron wasn’t just another entrepreneur looking for a quick buck he had a vision. It was then that Byron Young, an innovative mind with a knack for comfort, started selling the first Cordaroy’s bean bag chairs out of his garage. So sit back, relax (maybe on your own Cordaroy’s chair?), as we dive deep into the inspiring story of Cordaroy’s founders! The Beginnings of Cordaroy’sĮver wonder how your favorite comfy chair, Cordaroy’s, came into existence? Let’s track back to 1998 in Florida. From battling financial difficulties to facing skepticism from industry giants, these self-made entrepreneurs proved that with determination, creativity, and a great product, it’s possible to turn your dreams into reality. Their journey wasn’t always smooth sailing. They’re not just business partners they’re childhood friends who turned a simple idea into a multi-million dollar enterprise. In October, 2023, Cordaroys was the 12th highest earning Shark Tank company with $195 million in lifetime sales.Let me introduce you to Byron Young and Terry Stewart – the dynamic duo who created Cordaroy’s. As of May, 2022, the company is doing $5 million in annual revenue. That year, the business had $10 million in lifetime sales. In October, 2018, the company moved into a 20,000 square foot manufacturing facility in Alachua, FL. Since appearing on Beyond the Tank, Byron cut a deal and got his products on the shelves at Costco stores nationwide. In Beyond the Tank episode 206, we see more growth is ahead for the business. Add Byron to another one on the list of Lori’s All Stars! The products are widely available on Amazon and will be in retail outlets soon. Shark Tank Blog did an interview with Byron after the show and Cordaroys gets an update segment in episode 519 in season 5.īyron has since moved to a bigger warehouse and the business did over $3 million in sales in 2014. The product was so popular, the flood of traffic overwhelmed the servers. In the aftermath of the show, the company’s website went down for two days. Corda Roys Bean Bag Beds come with a solid guarantee: any product failure due to defects are covered as long as you own the product! CordaRoys Shark Tank Recapīyron engaged in hard fought negotiations with the Sharks and eventually did a deal with Lori for $200K for 58% of his business. CordaRoys are the classic bean bag chair from the 1960’s and 70’s that come with a secret: they convert into a bed! The company has been in business since 1998 and claims sitting in one of their bean bag chairs is “like sitting on a cloud.” The exterior covers are double stitched for strength and long life, the interior foam is furniture quality, and they are never vacuum packed, which can interfere with assembly. Entrepreneur Byron Young from Gainesville, FLA was plucked out of line by a producer during an open casting call in Orlando. CordaRoys is a bean bag bed that will get tossed in the Shark Tank in episode 417.
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