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What do you think The Scrubbie net worth would be if you knew it?
This amazing sponge, which can be used both inside and outside, is probably well known to you. Despite being featured on Shark Tank, The Scrubbie’s sales have not significantly increased.
What would you receive if you were to sell this dishwashing company right now?
Let’s quickly review The Scrubbie net worth, owners, history, purpose, and Shark Tank deal.
Also, check Legacy Shave Net Worth.
The Scrubbie story
The Scrubbie is a cleaning tool that was invented by Tyler Kessler, Jeff Dakin, and Matt Hosey in 2018.
The Scrubbie is a small, flexible sponge that attaches to a kitchen sink sprayer or garden hose.
It is designed to make cleaning surfaces easier and more efficient.
The Scrubbie was originally created as a way to clean dishes. The inventors were tired of having to scrub dishes by hand, and they wanted to find a way to make the process easier.
They came up with the idea of creating a sponge that could be attached to a sprayer, and they quickly realized that the Scrubbie could be used to clean a variety of surfaces.
The Scrubbie was first sold online in 2018. The product quickly gained popularity, and it was soon being sold in retail stores all over the country.
The Scrubbie is made from a durable, high-quality sponge that is designed to last for a long time.
The sponge is also flexible, which allows it to conform to different surfaces.
The Scrubbie is attached to a kitchen sink sprayer or garden hose using a simple twist-and-lock mechanism.
The Scrubbie is a versatile cleaning tool that can be used to clean a variety of surfaces.
It is particularly effective at cleaning dishes, countertops, and floors. The Scrubbie is also easy to use and clean. Simply attach the Scrubbie to a sprayer, turn on the water, and scrub away.
The Scrubbie at a glance
| Company Name | The Scrubbie |
| Founder | Tyler Kessler, Jeff Dakin, Matt Hosey |
| Founded | 2013 |
| Episode no | Season 12 Episode 22 |
| Business idea | Easily attachable sponge scrubber |
| Asked for | $100K for 10% equity |
| Accepted offer | None |
| Shark | No Shark |
| Business Status | In Business |
| The Scrubbie Net worth (Current) | $1.25 Million |
| Headquarters | Wichita, Kansas, USA |
Did The Scrubbie get a deal on Shark Tank?
After the lackluster presentation on Shark Tank, Jeff Dakin, Matt Hosey, and Tyler Kessler secured an investment of $100,000 from the Sharks in exchange for a 10% stake in their company.
Their intention was to use this funding to ramp up production of their product, The Scrubbie, and implement quality assurance changes that would allow them to increase its price.
However, it was evident that the trio had not adequately prepared for their appearance on the show.
The Sharks were unimpressed with both the product and the presenters.
During the product demonstration, all eyes were on Lori Greiner. Robert Herjavec then pointed out the striking resemblance between The Scrubbie’s logo and that of Scrub Daddy, a competing product.
This similarity led Lori to withdraw from the deal. Up until their appearance on the show, The Scrubbie had generated $13,000 in total revenue. Despite its retail price of $13.99, the cost of manufacturing each unit was $3.99.
In addition to the base product, The Scrubbie team offered additional sponges for $9.99, but this offer was exclusive to Scrubbie subscribers. Kevin O’Leary struggled to grasp the company’s financials.
Upon realizing the company’s revenue and costs, the Sharks’ perspective shifted.
The Scrubbie team attempted to provide several explanations for their underwhelming sales performance.
Lori expressed her disappointment and believed that the designers had copied each other. Mark Cuban criticized the product’s packaging, suggesting that it appeared as though it could be mistakenly purchased.
These factors ultimately prevented any business collaboration between the Sharks and The Scrubbie on Shark Tank.
What happened to The Scrubbie after Shark Tank?
After failing to secure a deal on Shark Tank, the company took matters into its own hands and embarked on a series of interviews to increase sales and raise awareness about its product.
They demonstrated their unwavering determination and refused to give up on their goals.
The journey to success was not without its challenges, including licensing issues and trademark lawsuits, among others.
However, the company remained resilient in its pursuit of sales.
Despite having a potential customer base of 6 million on the day of the Shark Tank episode, they struggled to make significant progress.
Their product, a sponge that could be easily attached to any faucet or hose pipe, boasted features such as effortless attachment and ease of use.
To sell the product, they created a website post-airing on Shark Tank. They informed their suppliers about the overwhelming offers and orders they anticipated receiving.
On their website, The Scrubbie attachment, along with a pack of three sponges, was priced at $19.99. Additionally, a pack of three replacement sponges was available for $4.99.
The Scrubbie Net Worth
We also know that the company has been growing rapidly since appearing on Shark Tank. In the year following the show, the company’s sales increased by 500%.
Here are some additional factors that could affect the Scrubbie net worth:
- The company’s future growth prospects.
- The company’s ability to maintain its current level of sales and profits.
- The company’s financial liabilities.
Ultimately, the company’s net worth will depend on several factors, including the ones mentioned above.
According to a 2024 the Scrubbie’s net worth is $1.25 million. However, this is just an estimate and the company’s actual net worth could be higher or lower.
The article also states that Scrubbie’s sales have been growing steadily since appearing on Shark Tank.
In the year following the show, the company’s sales increased by 500%.
Interesting facts
- At a booth at the Wichita Women’s Fair in 2019, they offered the item for sale.
- A pack of three sponges is sent to you every two months as part of a $30 subscription service available on the website.
- The Scrubbie was invented by Tyler Kessler, Jeff Dakin, and Matt Hosey in 2018.
- The Scrubbie is a small, flexible sponge that attaches to a kitchen sink sprayer or garden hose.
- The Scrubbie is designed to make cleaning surfaces easier and more efficient.
- The Scrubbie received an offer from Lori Greiner for $500,000 in exchange for 20% equity in the company.
- The Scrubbie is now a successful business and it is sold in retail stores all over the country.
- The Scrubbie has also expanded its product line to include a variety of other cleaning tools.
- The Scrubbie is made from a durable, high-quality sponge that is designed to last for a long time.
- The Scrubbie is a versatile cleaning tool that can be used to clean a variety of surfaces.
