CoatChex (Credit: YouTube)
CoatChex, the innovative ticketless coat check system that first appeared on Shark Tank in Season 4, has made significant strides in the market despite not securing a deal during the show.
Since then, the company has effectively utilized its exposure to grow its operations and enhance its services.
Today, CoatChex boasts a net worth and annual revenue of $7 million each. They have established partnerships with prestigious clients, including Madison Square Garden, Hilton, and Nike.
In addition to coat checking, CoatChex has broadened its offerings to include luggage and bag checking services for various events such as corporate gatherings, weddings, and hotels, solidifying its position in the event services industry.
CoatChex was founded in 2010 by Derek Pacqué, a graduate of the Kelley School of Business, where he earned a degree in Management.
As of 2024, while Derek Pacqué’s exact net worth is not publicly available, it is estimated to be around $2 million based on the company’s valuation.
His leadership has been instrumental in CoatChex’s growth and success, particularly following its appearance on Shark Tank.
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