The ticketless coat check system for events and venues, CoatChex going strong in the market since its appearance on Shark Tank season 04. Despite not securing a deal on the show, the company leveraged the exposure to expand its digital, ticketless coat check system.
CoatChex now boasts a net worth of $7 million and annual revenue of $7 million. They have secured notable partnerships with high-profile clients like Madison Square Garden, Hilton, and Nike. Moreover, they have expanded their services to include luggage and bag checking at various venues, including corporate events, weddings, and hotels.
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CoatChex Net Worth
| Estimated Net worth | $7 Million (2024) |
| Annual Sales Revenue | $7 Million (2024) |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Derek Pacqué |
| Employees | 51-200 |
CoatChex Pitch on Shark Tank
| Company name | CoatChex |
| Product | Ticketless coat check |
| Episode | Season 04 Episode 01 |
| Founder | Derek Pacqué |
| Asked for | $200,000 for 10% equity |
| Final deal | No deal |
| Shark | None |
| Location | New York, United States |
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CoatChex Founder
CoatChex was founded by Derek Pacqué in 2010. Pacqué is a graduate of the Kelley School of Business. He has a degree in Management. CoatChex’s founder, Derek Pacqué’s net worth is unavailable as of 2024. However, based on his business valuation, Derek should have an approximate net worth of $2 million.
Key accomplishments
| Year | Accomplishment |
| 2023 | CoatChex company expanded its services to coat-checking to include bag-checking, and also ticketing. |
| 2013 | Derek was named to Forbes’ 30 Under 30 list. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for CoatChex and its continued success.