Boom Boom Shark Tank Net Worth 2023
BoomBoom Inhalers is still in business and its nasal inhaler products can be found in a variety of stores and are sold on Amazon.
The company continues to bring in a reasonable amount of annual revenue, with the company believed to be worth between $3 million and $4 million. BoomBoom’s founder John Pinto and Chelsea Pinto have a net worth of 2.5 Million USD as of 2022.
It is impossible to predict the net worth of BoomBoom Inhalers in 2023 since it depends on various factors such as market trends, competition, sales, and marketing strategies.
However, based on the current information available, it seems that BoomBoom Inhalers has been successful despite not securing a deal with any shark during their appearance on Shark Tank.
What is Boom Boom? Who is the Founder of Boom Boom?
Boom Boom is a nasal inhaler that utilizes essential oils to invigorate the mind and provide a burst of freshness.
Its creators, John and Chelsea Pinto, were inspired during a trip to Thailand where they noticed many individuals using inhalers to increase their energy.
The inhaler is designed to enhance focus, mood, and breathing, as well as provide an immediate feeling of refreshment.
Boom Boom is available in several different scents, including Berry Breeze, Cinnamint, Melon Drop, and Water Mint. In 2010, John and Chelsea Pinto established the Boom Boom brand after discovering the benefits of nasal inhalers during their travels.
They worked diligently with experts to improve the product and saw significant growth, but they require additional investment and exposure to further expand their brand.
Their three-year journey developing the product was fueled by their mission of raising awareness about the advantages of nasal inhalers for everyone.
Despite challenges along the way, their determination and patience enabled them to create a high-quality product that can help people achieve a refreshed and revitalized state of mind.
Boom Boom Shark Tank Pitch
John and Chelsea went on Shark Tank to present their product and increase its exposure as they were experiencing substantial growth.
They hoped that appearing on the show would raise awareness of their inhaler and believed that additional investment could propel the device to greater heights.
During their pitch, they asked for $300,000 in exchange for a 10% stake in their company. John disclosed that their firm had made $754,000 in sales and was on track to reach $1.1 million.
He also mentioned that 20% of their sales came from direct-to-consumer purchases on their website, 30% from Amazon, and the rest from wholesalers and other distributors.
While the sharks, including Kevin O’Leary, Lori Greiner, Mark Cuban, and guest Charles, were impressed by the product, they ultimately declined to invest.
However, Robert Herjavec made an initial offer of $300,000 for 36% ownership, which John countered with a proposal of $300,000 for 15% ownership.
Robert then made a final offer of $300,000 for a 25% stake, but John and Chelsea decided to leave without reaching an agreement.
Despite not securing a deal with the sharks, Boom Boom has been successful. The company’s products are now available in Walmart and over 6,000 locations throughout the United States, including 800 Walmart stores.
Additionally, the company continues to sell its products on Amazon at a 60% discount compared to their website’s prices.
Competitors of Boom Boom
Boom Boom is competing in the nasal inhaler industry. The main competitors of this company are Boom Supersonic, Spike Aerospace, Hermeus, Aerion Supersonic and Polskie Zakłady Lotnicze.
Net worth of Boom Boom
Boom Boom net worth had valued to over $3 million in 2021.
Boom Boom FAQs
What is Boom Boom?
It is a nasal inhaler that provides freshness and invigoration.
Why are nasal inhalers important?
They are important because it helps in providing freshness in the body. You can choose from 3 flavors which are Tropical Rush, Water Mint, Cinnamint, Melon Drop, and Berry Breeze.
Who is the Founder?
It is John Pinto and his wife Chelsea. It was founded in 2010.
What was their offer at Shark Tank?
On Shark Tank, they offered $300,000 for 10% ownership.
Did they get a deal?
No, they didn’t.
What Happened to the Company after the Shark Tank?
After seeing huge success and high visibility from the program, Boom Boom is finally making a big step towards increasing brand visibility. It’s now available at Walmart.
Currently have 4,000 stores across 46 states in the U.S. In addition to this, it is also available on Amazon.com.
What is the Estimated Net worth of Boom Boom?
The estimated net worth of this company is $3 million.
Is still in business?
Yes, it is in business
How many Employees?
The company has 40 employees.
How can you use Boom Boom?
Spray it under the nose in front and breathe in so it comes inside body.
Is Boom Boom FDA approved?
Yes, it is FDA approved.
Where you can buy Boom Boom?
One can either buy it on their website or on Amazon.
Where to order Boom Boom?
To order the product online, go to amazon or their website.
What are the flavors of boom boom?
Water mint, Melon Drop, Cinnamint, Tropical Rush and Berry Breeze.
Is CBD present in Boom Boom?
Boom Boom CBD products are legal in all 50 states and feature Broad-Spectrum CBD Oil.
Each product, when combined with organically derived essential oils, is intended to help people relax and feel rejuvenated.
Do the Boom Boom sticks ever run out?
Though pleasant fragrant vapors remain present for up to 3 months after opening, inhalers are best utilized within 30 days after opening.
Is Boom Boom available in stores?
Boom Boom is available in CVS, Albertsons, Walmart, and a plethora of other retailers.
What is the duration of a Boom Boom?
The battery life is expected to be around 15 hours.
Is Boom Boom safe for allergy sufferers?
Boom Boom Nasal inhalers are used to not only treats allergy symptoms, but also to improve mood and concentrate.
Is there caffeine in Boom Boom?
It’s critical to understand that you’re not comparing apples to oranges.
Caffeine, B12, taurine, and niacin-containing products will make anyone feel energized because that is the intended impact of those components.
Is a nasal inhaler harmful to one’s health?
They have a decongestant effect and aid in breathing via the nose.
Nasal inhalers are completely safe for pregnant and nursing women to use, however they should not be used by children under the age of six, or by those who are allergic to any of the inhaler’s constituents.
Are inhalers harmful to your lungs?
When used too frequently, inhalers can cause asthma sufferers’ lungs to create toxic substances, dramatically increasing the risks of an attack.
Is it terrible to smell Vicks?
No, using VVR inside or around your nose is not safe. If you do, it may enter your body via the mucus membranes lining your nose.