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.

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