![]() With options to spread the cost, it’s never been easier to go from zero to home mechanic hero in no time. For additional support on larger vehicles we offer a variety of 3 tonne axle stands, including this popular ratchet axle stand. Our all-in-one lifting kit is a popular option that incorporates 2 tonne axle stands with a jack, making it possible to undertake exhaust repairs, welding, inner edge tyre inspection, oil changes and more. Maintaining and making minor repairs to your car from your own garage has never been more accessible, or affordable. When used in conjunction with a jack, our axle stands enable you to access the entire underside of your car safely. As of August, 2023, Jack’s Stands and his other business are operational and profitable.About axle stands and trolley jacks from Halfords As of November, 2021, there are still 7 permanent stands. In 2020, he faced the same challenges many businesses faced, but Jack won the US Chamber of Commerce Dream Big Young Entrepreneur Achievement Award. He claimed to be expanding nationwide in 2021, but as of November, he had not. There are two operating territories for TeenHustl, one in Broomfield, CO and one in Denver. In 2019, he started TeenHustl, a “hyper-local” delivery service where teens deliver packages from a secure location to customers’ homes on their bikes or skateboards or cars. He hopes to develop his own brand of lemonade going forward. In 2018, Colorado based restaurant chain Good Times started placing Jack’s Stands in their restaurants to give kids an opportunity to sell lemonade in their stores. Jack’s Stands is now a non profit, but he claims there are kids who’ve earned tens of thousands of dollars running his stands. Jack ran into difficulties with locations not allowing kids to open stores, so he worked with local youth organizations who wanted to champion kids’ entrepreneurship as sponsors for locations. The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Jack accepts! Jack’s Stands Shark Tank Update Once the $10K is paid off, they reassess and he can draw down more. He offers to loan him $50,000 at 2%, but he can only borrow $10,000 at a time. Chris said there’s no way Jack is leaving without a deal. Mark says he doesn’t think Jack can support the people outside of Denver, so he goes out. He also took out a $5000 bank loan which is 60% paid off. Jack tells the Sharks he started his business with a $1000 loan from his parents which he paid back. Wonderful doesn’t want the kid to quit school he goes out. The Sharks are all impressed with Jack, but Mr. Total sales for the year are projected at $150,000 and the Sharks laugh when he says he’s predicting $1 million in sales next year. The mall locations cost 15% of revenue and those two netted $15,000 in three months. He has two mall locations and the rest are either at farmer’s or crafter’s markets. Jack tells the Sharks he currently has 7 stands with other kids running them for him. He tells his story, then fields questions. Jack and his dad enter the Tank seeking $50,000 for 10% of the business. Will a Shark take a stand and invest in Jack’s Stands? Jack’s Stands Shark Tank Recap With the IndieGoGo funding falling short, Jack likely needs funds for expanding nationally. He managed to team up with other kidtrepreneurs, including Shark Tank alums Moziah Bridges (Mo’s Bows) and Ryan Kelly (Ry’s Ruffery) to offer perks. He tried raising expansion funds on IndieGoGo, but fell short of his goal. Jack’s Stands is expanding to more markets in his native state of Colorado and a stand in Detroit. ![]() His father, Steve Bonneau, wanted the Jack’s Stands experience to teach Jack about business. The process gave Jack an education in math, business, and finance. The second year of operations grew sales to $25,000. For their efforts, the kids got a cut of the profits and their tips. He trained them on interacting with customers and making change and showed them how to calculate profits at the end of each selling day. He staffed his stands with other kids looking to make a few extra bucks. Year two found Jack expanding to 3 additional farmer’s markets after getting a business loan for $5000 from Young Americans Bank, a Denver bank that specializes in loans to children. Jack netted $900 on about $2000 in sales his first summer. Jack’s dad helped him set up at a local farmer’s market. When Jack approached his parents about opening a lemonade stand 2 years ago, they developed a more professional strategy than the standard table at the end of the driveway. 10-year-old Jack Bonneau pitches Jack’s Stands, his lemonade stand “franchise” concept, to the Sharks in Shark Tank episode 809.
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