“We learn to swim when we begin to drown” This is not just a quote, rather a foundation of one of the most successful companies and businesses. One such company is Tippy Toes dance company.
Tippi Toes is a dance teaching company founded by Sarah Nuse and Megan Reilly. The two well-known sisters as well as business partners. Today, we are going to talk about the complete timeline of tippy toes from its beginning days till current success. After that, we will see how it started and what is Tippi Toes net worth now in 2021.
Goals Of Tippi Toes | Tippi Toes Net Worth
Tippi Toes was started by Sarah Nuse and Megan Reilly as a way to earn money, but things have changed over time. Sarah realized her passion for taking dance classes of kids, spending time with them, engaging with them, and building confidence in them.
Now Sarah Nuse feels responsible for those kids who come to her classes. The goal was never to make Tippi Toes net worth a million dollars but a lot more than that.
Tippi Toes goal is not only to teach dance to the kids, but it is to make the most out of those 45 minutes which kids are spending with them. The Tippi Toes team always actively pays attention to kids to make sure they are engaging and taking an active part in adventures that are eventually going to develop their personality.
Later on, Sarah thought about starting a franchise of Tippi Toes to take the company to the next level and so that company can reach out to more kids. Also, Sarah wanted to create opportunities for women like herself who are looking forward to working with Tippi Toes. Finally, Sarah’s goal was achieved when Tippi Toes reached China with a franchise.
We are going to take a look at the whole journey of Tippi Toes and the founders. Let us first begin with the timeline of the company in a brief manner.
Timeline Of Tippi Toes
- 1999: The Tippi Toes company was established.
- 2009: Tippi Toes started its own franchise.
- 2019: The Tippi Toes revenue touched an all-time high of 27.4 Million.
Let us first begin with how the Tippi Toes dance company was established.
Beginning Of Tippi Toes
Unlike other startups, Tippi Toes was not a fully planned and structured business, it was just an idea that turned into a successful company model. It all began with just the need for income and an interesting idea which popped up from a mother’s mind.
Sarah Nuse and Megan Reilly are two sisters from Texas, United States. It all started when Sarah Nuse was a high school student. This 19-year-old girl due to some of the life events and her skills of course turned into a successful businesswoman.
Sarah Nuse herself says that it is the most wonderful accidental thing that happened to her. Sarah in her high school days was working as a waitress in some coffee house in Texas. She wanted to earn some money while completing high school.
Later on, she was fired from her part-time job due to some reasons. She was devastated and was looking for something to do real quick to get a job or something and start earning again. Also, she had a car payment due, which she wanted to pay on her own.
Sarah decided to take advice from her mom and dad regarding this and it turned out to be the best decision. Her mother suggested that she can teach dance to kids in any local daycare centers. Sarah didn’t have much time to think and plan a business idea as she was in desperate need of money to pay for her car.
Sarah took her mom’s advice and went to one of the day care centers in Texas. She talked to people over there and asked if she can teach dance to the kids in their care center. Luckily she got a positive response and that is when she started teaching dance.
Fun fact: When she was asked by one of the people in the day care center if she has a business, Sarah said yes. When she was asked the name of her business, she quickly made up a name and said “Tippy Toes”. Later on, she realized that there is already a startup named Tippi toes just beginning.
Building Of Tippi Toes As A Business
The 19-year-old sophomore, Sarah Nuse began working as a dance teacher in local daycare centers. Slowly her business began to grow, more clients started reaching out to her for dance classes at their institutions.
It was getting difficult for Sarah to manage and organize her office alone while being a dance teacher. She needed a helping hand to handle her office work. That is when she found that her younger sister, Megan Reilly is looking for some job to do in order to earn money.
Before meeting Megan Reilly, Sarah was using an old-fashioned way of managing her business, that is with the help of books and registers to keep track of things. When Megan walked into her office and suggested that using a computer would be a better idea than the usual books and pen. She organized Sarah’s office, and Sarah was impressed.
Sarah asked Megan if she can join with her, and thereafter both sisters started working together while completing their high school. After that, with time, many talented women joined Tippi Toes making the company bigger and better. That’s how the Tippi Toes started and began to grow.
In 2009, Tippi Toes started its own franchise, and Tippi Toes net worth reached a six-figure number. Before getting to it, let us first briefly understand what a franchise is.
What Is Meant By Franchise?
A franchise is a tool to expand a business. This method involves a franchisor, that is, the actual brand that owns the trademark, and a franchisee who does business under the franchisor’s brand name and system.
This concept is widely popular, which promotes business growth in the most efficient name. People who are willing to work with a particular brand get an opportunity to work under that brand’s name.
Tippi Toes Started Franchise
In 2009, Tippi Toes dance company started its own franchise. The basic goal behind starting a franchise of Tippi Toes is to help and create opportunities for really hard-working women who are willing to earn an additional income for their family or make a change in their community.
Sarah Nuse and Megan Reilly said that they want to connect and love the people they work with. People who want to work with Tippi Toes can go to their website. It is an application process where they have to register and submit their request mentioning why they want to join the company.
Tippi Toes Financial Status | Tippi Toes Net Worth
Tippi Toes has been a successful company, not overnight but slowly and gradually. A small idea that came up from a need for money really grew upon these two sisters. Now tippy toes have become a well-known company and grew a lot in the past 10 to 15 years.
Before talking about Tippi Toes net worth, let us take a look at the revenue of Tippi Toes from the past few years. From 2019 quarter 4 till 2020 quarter 1, The Tippi Toes company generated total revenue of 27.4 million US dollars.
Later on, in 2020, we had to deal with the covid-19 virus and many countries were under lockdown. It caused great losses to the companies, and Tippi Toes is no exception. From 2020 quarter 2 to 2020 Quarter 4 the revenue hit the bottom to 3.9 million US dollars.
Currently, in 2021, we can see the total revenue of Tippi Toes at 2.3 million US dollars in quarter 1 till the month of March. As we can see, this dance company and the franchise is really struggling during this covid-19 pandemic. However, it was not always like this.
Tippi Toes Net Worth
There are a lot of people who are interested in knowing the Tippi Toes net worth. The reason being, Tippi Toes was just a small start-up and more like a family business started by two sisters. No one ever thought that the company would become so successful that Tippi Toes net worth will become a six-digit number.
In 2015, Sarah Nuse and Megan Reilly went to Shark Tank looking for investors to fund their company. Tippi Toes required money infusion in order to keep the dance company growing with their number of franchises running on the side. At that time, from 2009 to 2015, they had a total of 10 franchises.
Sarah Nuse and Megan Reilly’s life changed after they visited Shark Tank in 2015. Tippi Toes net worth spiked up since then with a great start by first investor Mark Cuban the billionaire.
In the beginning, both sisters were looking for a $30,000 investment for 5% of their company’s stock. Already Tippi Toes were charging $30,000 to $35,000 as a franchise fee with a 10% royalty fee.
Sarah Nuse and Megan Reilly had a plan to produce DVDs as a marketing and growth strategy. Whereas many investors from Shark Tank wanted the sisters to drop the idea of producing DVDs and offered an investment with a larger percentage of the company.
There were a total of four investment offers by individuals on the table, which were going to decide how much Tippi Toes net worth is going to be. Kevin O’Leary, a businessman, and a TV star, offered a $50,000 investment for 51% shares of Tippi Toes. Also, He wanted to drop the plan of DVDs if the sisters wanted to take this offer.
As the business sisters were seeking a 30,000 dollar investment, Mark Cuban commented that 5% shares are too little for investors. Therefore Barbara Corcoran goes ahead and offers $60,000 for a 20% stake in Tippi Toes.
However, even after several meetings about the deals, Sarah Nuse and Megan Reilly decided not to go with any of these deals from Shark Tank. Currently, the Tippi Toes dance company is standing strong with 32 franchises. The Tippi Toes net worth of $1.3 million is quite amazing as a dance company with current investments of $52,000 to $62,000.
Conclusion | Tippi Toes Net Worth
Finally, to sum up, everything stated about Tippi Toes, it’s an incredible demonstration of women’s power. Sarah Nuse’s passion and hard work, along with Megan Reilly and many more women, contributed to taking the company forward.
Tippi Toes is not just another business, this business shapes the future of kids and develops a personality. Also, Tippi Toes gives a great opportunity to the women who are willing to work and make a change in their as well as kids’ life.
Currently, in 2021, the company may not be performing well due to the covid-19 pandemic, but in pre-covid times, the company was really performing well. The Tippi Toes net worth has been great since the company has investments of $52,000 to $62,000.
Tippie Toes, after starting with the franchise, began to generate great revenue. Until 2020 that is pre-covid time, the company was generating revenue of $27.4, but unfortunately, it crashed to the bottom at $2.4 in 2021.
It seems like Sarah Nuse, and Megen Reilly are really looking forward to once again getting back to work on developing kids and building pride in women’s minds.