Bottle Breacher Shark Tank Update | Bottle Breacher after the Shark Tank pitch
What Bottle Breacher?
Bottle Breacher is veteran-owned and -operated company that sells custom-engraved bottle openers made from .50-caliber bullets.
Eli Crane, the founder and CEO of Bottle Breacher, received a present from his brother upon his return from deployment.
The present was a bottle opener made from a dummy bullet, and while Eli was grateful, he was also fascinated. “I can make this better,” he thought to himself.
So he embarked on a mission to create and manufacture what has become an enormously popular bespoke gift that is now seen in homes all around the world.
Who Founded Bottle Breacher?
Former Navy Seal turned entrepreneur Elijah Crane is the founder of Bottle Breacher.
What happen to Bottle Breacher at the Shark Tank Pitch?
Crane founded Bottle Breacher in 2012 and began selling the Bottle Breacher on Etsy.
All of the items are handcrafted by Active Duty, Reservists, and Veterans.
Each Bottle Breacher is hand polished and powder coated rather than spray painted. Personal engraving is available for exceptional gifts.
Crane sells the openers mostly to companies as promotional products and as groomsmen’s presents, but anybody may buy one from the company’s website.
There are also dozens of unique, custom-designed bottle openers.
Elijah approaches Shark Tank with his wife, Jen, seeking $150K for a 10% stake in the company, this brings the company valuation to be $1.5 million.
They describe the device and claim to have created the best bullet bottle opener on the market. Each Shark receives a beer and a customized opener.
Their cost, including labour, is $9.03, and they claim to have $500,000 in sales with expectations of more than $800,000 for the year.
Elijah adds that they break each bottle, therefore the name.
Lori inquires whether they can create them out of different bullets. Lori wonders whether some people are afraid of bullets – they aren’t.
Kevin inquires as to why they want the funds, and they state that they require them in order to expand their production facility.
Elijah describes how he failed his initial attempt to join the Navy Seals, but he did not give up. He’s finished his military service, and now they’re going to concentrate on the business.
Mr. Wonderful likes the product and provides $150K in exchange for a 20% discount.
Out of respect for the other Sharks, Elijah wants to hear alternative proposals. Daymond offers $200K for a 25% commission on licensing.
Robert goes out to give room for Mr. Wonderful and Daymond offers.
Mark says he’ll split the money with Kevin 50/50 ($75K apiece for 10% each).
Elijah accepts a $150K for 20% agreement from Kevin and Mark.
Bottle Breacher after the Shark Tank pitch
Many customers were dissatisfied since their items were not delivered on time, but they have resolved their concerns and are back on schedule.
Mr. Wonderful alluded to Bottle Breacher’s logistical problems.
They explain that their website collapsed and that 60,000 pieces were sold after the show aired. They increased production from 175 to over 1000 pieces per day, and their workforce increased from 8 to 32 personnel.
They’ve made $2.5 million in sales, but orders are being filled slowly.
Despite their difficulties, it looks that Bottle Breacher is on its way.
Elijah and Jen claim to have made $4.2 million in sales since teaming with Kevin.
It appears that the arrangement with Mark and Kevin has been completed.
Bottle Breacher Net Worth
Elijah approaches Shark Tank with Jen, seeking $150K for a 10% stake in the company. This brings the company valuation to be $1.5 million.
They accepted an offer from Kevin and Mark of $150,000 for 20% stake, which equates to $750,000 valuation.
Bottle Breacher Competitors
Competitors of Bottle Breacher includes;
Babel Gifts, Metal Badge, Shuen Fuh Enterprise, Brightway Gifts, QUIKO, Micanan, Manaras-Opera and Door.
Bottle Breacher FAQS
Who began Bottle Breacher?
Bottle Breacher’s husband-and-wife entrepreneurs, Eli and Jen Crane, attribute most of their success to the United States armed troops.
Bottle Breacher, situated in Tucson, Arizona, was founded in 2013 and is a veteran-owned and controlled company that offers custom-engraved bottle openers manufactured from.50-caliber bullets.
Bottle Breacher aired on Shark Tank during which season?
Bottle Breacher was on Shark Tank in Season 6 Episode 8?
When was Bottle Breacher aired on Shark Tank?
Bottle Breacher founders Eli and Jen Crane appeared on Shark Tank in November 2014, making a deal with famed Sharks Kevin O’Leary and Mark Cuban.
Since its debut on Shark Tank, the firm has been extremely successful, with revenues approaching $17 million.
Where can they find Bottle Breacher?
Bottle Breacher LLC is in the Forging and Stamping Industry and is based in Tucson, Arizona.
Where is Bottle Breacher manufactured?
Bottle Breacher is manufactured in Arizona and some parts of the United States.
How does it make money?
Bottle Breacher sells standard products like the bullet bottle opener (BBO), niche products like custom bullet keychains, and full custom produced items like bullet bags, key rings, carabiners, and more.
Where does Bottle Breacher sold?
Bottle Breacher products are sold on their website, Amazon, and through distributors.
When was Bottle Breacher founded?
Bottle Breacher was founded in 2013 as a veteran-owned and operated small business.
How many employees does Bottle Breacher have?
Bottle Breacher employs over 32 people, with most of their production occurring in Tucson, Arizona.
Is it possible for their Breacher to tarnish or rust?
Because their Breachers are made of true brass, they will tarnish with time, especially if stored in a kitchen drawer.
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Do they have a phone number where they may reach them?
They do not presently provide phone assistance since they believe that email provides the finest customer service. They respond to every email that is sent to them.
Do they provide volume discounts for large orders?
Depending on the nature of their order, they offer a variety of discounts.
Please email [email protected] if they wish to buy corporate gifts or a large order for a non-profit.
Is it possible to alter their order once they’ve placed it?
They try their best to send orders as soon as possible, thus the window for making modifications or cancelling orders is quite limited.
Please inform them as soon as possible, and they will do their best to make the necessary changes, as long as the order has not been returned to production.
They are unable to cancel or amend their order once it has been returned to production, even if it has not yet arrived.
What is net worth of Eli Crane?
Currently there is no update about his worth.
What was Eli Crane’s invention?
50-caliber ammo Eli Crane, a former Navy SEAL, was inspired to create the Bottle Breacher after his brother, Gabe, a Marine who flew SuperCobra helicopters, handed him a similar device he discovered in the Philippines.