Brush Hero Shark Tank Net Worth 2023
Kevin and Glenn enter Season 9 episode 18 with the hope of securing a $500,000 investment for a 10% stake in their company. This indicates that the valuation of their company is $5 million.
Fast forward to January 2023 and their business is doing great, having reported annual sales of $6 million showing significant growth since they initially sought investment. Brush Hero’s net worth as of January 2023 could be more than $6 million.
What is Brush Hero?
Brush Hero is a distinctive water-powered oscillating brush that is designed to clean various surfaces such as tires, wheels, and rims of vehicles and trucks, although it can be used on other things as well.
The brush’s spinning motion is purposefully slow and steady, making it perfect for hard-to-reach areas. It is a tool used in professional car detailing, and it returns the shine to all components of a vehicle’s wheels.
One of the benefits of Brush Hero is that it does not require batteries or energy to function. It is powered by a regular garden hose that provides pressurized water flow, which delivers considerable torque to clean tires, rims, hubcaps, and lug nuts.
Additionally, Brush Hero is made of durable plastic components that do not rust or break down when exposed to cleaning chemicals and detailing agents.
It also has scrubbing and rinsing capabilities that can be used on delicate surfaces such as glass and paint without causing harm.
Brush Hero has been featured and promoted by various car, bike, RV, and other business sector publications and enthusiasts. It offers 100 percent satisfaction guarantee and exceptional customer service.
Kevin Williams and Glenn Archer, auto enthusiasts from Alexandria, Virginia, founded Brush Hero in 2015. They wanted an eco-friendly way to clean and polish their vehicles.
They found traditional sponges, brushes, and chemicals to be challenging to use. Brush Hero uses half the water of a free-flowing hose, and the scrubbing brush heads work more efficiently than stand-alone scrubbers.
Brush Hero is a socially conscious corporation that collaborates with Columbus Professional Services in Salt Lake City, an organization dedicated to promoting the growth, development, and independence of people with disabilities. All of their assembly, packing, and shipping is handled in their factory.
What happened to Brush Hero at the Shark Tank Pitch?
Kevin and Glenn made an appearance on Shark Tank Season 9 episode 18, with the intention of securing $500,000 for a 10% share in their company, resulting in a $5 million valuation. During their presentation, they showcased their product on a motorcycle and invited the Sharks to try it out after their pitch. Lori and Daymond took up the offer.
The product was being sold at $34.99, with a production cost of $6.50, which appealed to the Sharks. The entrepreneurs advertised mainly on Facebook and had generated $1.2 million in sales from a $460,000 advertising budget.
Robert did not agree with the $10 million valuation, stating that it was too high, and valued the company at $1.7 million. Mark pointed out that the market would be challenging to enter, and he withdrew his offer. Kevin also disagreed with the valuation and exited the deal.
Daymond offered $500,000 for a 25% stake, and Lori matched the offer. The entrepreneurs countered with a 20% stake, but both Sharks remained firm. Robert informed the other Sharks that there was a similar product on the market, causing Daymond to withdraw his offer.
Lori offered a $250,000 loan at 7% interest, with an additional $250,000 at 25%, which the entrepreneurs declined. Despite not securing a deal on the show, they experienced an increase in sales due to the “Shark Tank Effect.”
They later secured partnerships with Costco and Canadian Tire, but faced challenges with cheap Chinese knockoffs flooding the market.
However, they successfully resolved the issue and were named one of the 25 greatest presents for auto fans by Car and Driver Magazine in 2018. As of June 2021, the company had yearly revenues of $6 million.
Brush Hero Net Worth
Kevin and Glenn enter Season 9 episode 18 looking for $500,000 for a 10% stake in their company. This equates to a $5 million valuation.
Brush Hero Competitors
Brush Hero faces competitions in its market space that includes;
Drillbrush Automotive Soft White Drill Brush.
Brush Hero FAQS
What is Brush Hero?
Brush Hero is a non-battery powered cleaning brush that attaches to the garden hose, allowing you to effectively clean your car without using spray cleaners.
Who invented Brush Hero?
Brush Hero was created by Kevin Williams and Glenn Archer and launched in March 2015.
How much does the Brush Hero cost?
The Brush Hero sells for $34.99.
How much was they seeking in the Shark Tank Pitch?
The founders were seeking $500,000 for 10% equity in the business.
Did they get the deal from the Sharks?
No. Brush Hero walked away with no deal.
Where can they buy Brush Hero?
They can buy Brush Hero from the official website or from Amazon.com.
Is Brush Hero still in business?
They are still in business and the firm is doing well as of June 2021, with yearly revenues of $6 million.
Can they use this brush on their boat?
The Brush Hero Marine is specifically intended for all types of seacraft, including sailboats, motorboats, yachts, and kayaks.
Will this fit their hose?
Yes. Brush Hero is compatible with any normal garden hose. A 3/4″ fitting is found on almost every hose in the United States.
If they require assistance, please contact them at [email protected]brushhero.com.
Does the brush continue to spin when pressure is applied?
Yes. This is one of the Hero’s most interesting aspects. It can be halted with very forceful palm pressure or by shoving it violently into a tight place, but the brush typically continues to spin.
What is the warranty?
They stand behind their product and promise complete satisfaction. Each Brush Hero device is covered by a one-year guarantee.
If clients have a bad experience with one of their items, they may return it for a refund of the purchase price (shipping and handling not included).
How does this brush work?
There are no mechanical pieces to break or rust over time, such as fins, blades, gears, or other mechanical parts.
The Brush Hero turbine operates only on the dynamics of pressured water, translating applied pressure into spinning force, or torque.
In layman’s words, their garden hose causes it to move.
What pressure is required for the brush hero to operate?
The Brush Hero is intended to work with typical household water pressure.
Reduced pressures from rural well systems, for example, may result in less torque.
What is net worth of Kevin Williams?
Kevin Williams’s net worth unavailable.
What is net worth of Glenn Archer?
Glenn Archer’s net worth is unavailable.
