TNG is an acronym for Tailgate N Go, a portable outdoor kitchen in a box. The entrepreneurial family behind the TNG brand – father Ron, daughter Taylor and son Kobe Johnson — pitched their product on Season 11 of Shark Tank.
The Johnsons went into the Tank seeking an investment of $250,000 in exchange for 10 percent equity.
After turning down an offer from Kevin O’Leary the Johnsons accepted a last-minute offer from guest Shark Matt Higgins: $250k for 20 percent equity and a $50 per unit royalty until he gets his money back.
Note: one TNG unit (there are two models) retails for $1550 and $1650.
Since Shark Tank (the episode originally aired in October 2019), the Johnsons have been spending time with their investor Matt Higgins, who not only helped the family land a licensing contract with the NFL and all of its 32 football teams but he also brought the fam to the Super Bowl in Miami!
Shark Tank episodes are re-airing on ABC on Saturday at 9 pm.
