BagBowl Shark Tank Net Worth 2023
BagBowl Shark Tank Net Worth
BagBowl is a company that was featured on the reality series Shark Tank in Season 4. The Fleming brothers pitched their product, which turns any bag into a bowl, to the Sharks and received mixed reactions.
Robert Herjavec offered them $40,000 for a 45 percent stake of BagBowl, while Lori Greiner offered them $40,000 for a 33 percent stake of BagBowl.
Ultimately, Lori Greiner invested in BagBowl and the valuation of the company was estimated to be around $120,000.
Unfortunately, BagBowl never took off after its appearance on Shark Tank and it is unclear what its current net worth is as of 2023.
The company ran until around 2018 and released additional products such as the Daddio Spill Stopper Training Cup and updated versions of the original BagBowl.
What is BagBowl? Who is the founder of BagBowl?
BagBowl is an innovative and beneficial product that can be transformed from a bag into a bowl in a matter of seconds with just a few simple hand movements. This unique concept of using the same product in two different ways is both inventive and convenient.
The fact that it is easily convertible means that anyone can use it. If you have packed something to eat in the BagBowl, you don’t need to bring an additional bowl because you can simply use the same container. It is also eco-friendly since it is both recyclable and reusable.
Kevin and Brian Fleming are the creators of BagBowl. Kevin initially designed it to transport his dog while also providing a portable dish for him to eat and drink from.
BagBowl can convert any ordinary plastic bag into a portable serving dish, including sandwich bags, two-gallon zip locks, and more. It’s perfect for various occasions like picnics, potlucks, and tailgate parties.
When not in use, BagBowl can be easily folded flat for storage. It is made of BPA- and phthalate-free polypropylene, similar to milk jugs, and can be microwaved or washed in the dishwasher.
Brian is a real estate developer with a background in marketing, while Kevin previously worked as a manufacturer of various products. The creation of BagBowl brought the brothers together due to its potential success.
In 2011, they attempted but failed to enter BagBowl into Wal-Mart’s Get on the Shelf sweepstakes. It is a patented product, and production arrangements are already in place.
Overall, BagBowl is a convenient and environmentally-friendly product that can simplify your life in various situations.
BagBowl Shark Tank Pitch
Brothers Brian and Kevin Fleming presented their product, BagBowl, on an episode of Shark Tank (Episode 404). BagBowl is a plastic sleeve that can transform any bag into a bowl and can be used for snacks or storage.
The brothers intended to market their product to snack and chip producers, as well as storage bag manufacturers.
During their pitch, the brothers put on a humorous performance, growling and acting goofy. Mark Cuban referred to them as “wantrepreneurs.” The brothers asked for a $40,000 investment for a 33% stake in their company, which was valued at $121,212.
While Mark, Daymond, and Kevin declined to invest, Robert was impressed with the product and offered $40,000 for a 45% stake. Lori believed the product would sell well on QVC and offered the requested $40,000 for a 33% stake.
The brothers closed a deal with Lori after some comical banter with the Sharks. Although the BagBowl is available on Amazon, it was not available for purchase for two months after the show aired due to a production delay. The product was also advertised on QVC but is currently unavailable on that site.
The Fleming brothers also released a new product called the Daddio Spill Stopper Training Cup, which received mixed reviews on Amazon.
The business was closed in February 2018, and the brothers pursued other endeavors. Brian returned to real estate, while Kevin began working in cloud computing.
Net Worth of BagBowl
The company valuation was $121,212 during and after the pitch, since then the company went out of business in 2018 and hence the company net worth is not available.
BagBowl FAQs
What is BagBowl?
BagBowl is a foldable bag that can be transformed into a bowl with a few seconds of handwork. The idea of using the same thing in two ways is completely original, imaginative, and really advantageous.
Who created?
The creators are Brian Fleming and Kevin Fleming.
How much were they seeking on Shark Tank?
They were seeking for $40,000 for 33% of their company’s BagBowl.
Did they have the deal?
Yes, they had a deal on Shark Tank with Lori Greiner.
How much was the deal?
Lori Greiner offered $40,000 for 33% equity shares of the company.
Is BagBowl still in business?
No, BagBowl is no longer in business. The company went out of business in 2018.
Where was BagBowl located?
BagBowl was located in Phoenix, Ariz.
What is BagBowl website?
They don’t have a website at the moment.
Where can I buy BagBowl?
The product is currently only available for sale on Amazon.
What is the Customer Service number of BagBowl?
Customer services number of BagBowl was not available.
What was BagBowl’s product?
The BagBowl was a foldable bag that could be transformed into a bowl by simply folding it. It accepted a variety of different plastic bags, including sandwich bags, two-gallon zip locks and others.
What is the origin and age of BagBowl?
The brothers came up with the idea for BagBowl to prevent any washboards or mess in their dog.
How many types of bags can be used for BagBowl?
There are multiple types of bags that can be used for BagBowl, including sandwich bags, two-gallon clear zip locks, etc.
Was BagBowl work?
BagBowl worked in the following ways. Firstly, it was easy to fold and therefore it did not create any additional work for the user. Secondly, it was also engineered with a tuck-top so that the entire thing would close with a simple snap of the wrist.
What is BagBowl made of?
The BagBowl is made out of BPA and phthalate free polypropylene (PP). It is microwave- and dishwasher safe.
Was BagBowl safe to use?
BagBowl is safe to use since it is made of BPA and phthalate free polypropylene (PP).
How much was BagBowl?
The price of a single BagBowl was $3.99, while a pack of three cost $11.66.
What were the payment methods accepted by BagBowl?
The payment methods accepted by BagBowl include MasterCard, Visa, American Express, Discover, and PayPal.
How quickly were orders placed for BagBowl?
The delivery of BagBowl took between two to three weeks.
Where are the ingredients and materials sourced?
The bag is manufactured by a small company in Arizona called Batch 4 MFG. The bag is BPA and phthalate free.
Was BagBowl shipping?
Yes, the shipping of BagBowl was free.
How much does BagBowl weigh?
It weighs about 2 ounces, which is a little less than the typical plastic bag.
What is the warranty on BagBowl?
The warranty on BagBowl is one-year, and it covers all manufacturing defects. The product can be returned for a full refund.
Where are the founders of BagBowl now?
Brian and Kevin went on to start an online business called Daddio Spill Stopper, which was a training cup for babies.
However, the business didn’t work as planned and hence the brothers decided to go on to other endeavors.
What is the net worth of Brian Fleming?
Brian Fleming’s net worth is not available.
How much is the net worth of Kevin Fleming?
Kevin Fleming’s net worth is estimated at $1.5 million.
