The Dress Collar Polo: A Comfortable and Stylish Alternative to the Dress Shirt

👔The Dress Collar Polo offers a more comfortable and stylish alternative to the traditional dress shirt, making it a popular choice for professionals.

💰Collars and Co has achieved impressive sales and profit margins, with $5.4 million in sales and a 20% net profit margin in their first year.

🌍With the support of mentors Mark Cuban and Peter Jones, Collars and Co plans to expand globally and become a leading brand in the apparel industry.

💼The Dress Collar Polo is versatile and can be worn with a tie and blazer for a professional look or with a sweater for a more casual yet elevated style.

🔥The Dress Collar Polo has been recognized as one of the fastest-growing direct-to-consumer brands, with a monthly growth rate of 28%.

What inspired Justin Bear to create the Dress Collar Polo?

—Justin Bear was tired of the discomfort and inconvenience of wearing a dress shirt under a sweater, which led him to invent the Dress Collar Polo as a more comfortable alternative.

How has Collars and Co achieved such impressive sales and profit margins?

—Collars and Co attributes its success to its strong marketing strategies and mastery of the sales funnel. They have leveraged their internet marketing expertise to drive sales and generate a net profit margin of 20%.

What makes the Dress Collar Polo different from other apparel brands?

—The Dress Collar Polo offers a unique combination of comfort and style, making it a versatile choice for professionals. It provides the look of a dress shirt with the ease and comfort of a golf shirt.

What role will Mark Cuban and Peter Jones play in Collars and Co's growth?

—Mark Cuban and Peter Jones will serve as mentors to Justin Bear and provide a line of credit to support Collars and Co's expansion plans. They bring their expertise and network to help the company scale globally.

What are Collars and Co's future plans?

—Collars and Co aims to become a leading worldwide brand and achieve $50 million in sales. They plan to build a strong team, secure additional capital, and continue their innovative marketing strategies to drive growth.

00:06Justin Bear pitches the Dress Collar Polo, a stretchy and comfortable golf shirt with a firm collar that provides the look of a dress shirt without the discomfort.

00:25Justin Bear seeks $300,000 for 4% equity in Collars and Co, his innovative apparel company.

02:13Collars and Co has achieved impressive sales of $5.4 million in its first year, with a 20% net profit margin.

03:33Mark Cuban and Peter Jones offer $300,000 each for 10% equity in Collars and Co and provide a line of credit to support the company's growth.

04:54Justin Bear negotiates with Mark Cuban and Peter Jones, eventually agreeing to their offer of $300,000 for 7% equity and a line of credit.

08:33Despite objections from the other Sharks, Justin Bear accepts the deal with Mark Cuban and Peter Jones.

11:18Justin Bear expresses his gratitude for the deal and looks forward to the mentorship and support offered by Mark Cuban and Peter Jones.