Cup Board Pro Shark Tank Net Worth 2023
Cup Board Pro’s net worth is estimated at around $15 million as of 2023. However, other sources estimate that its net worth is around $17 million in 2021 after being acquired by Williams-Sonoma. Cup Board Pro generates $3 million in annual sales as of 2021.
Cup Board Pro is a cutting board with a tray to easily collect food scraps and juices. It was invented by Keith Young, a firefighter from New York City, who dreamed of being on Shark Tank.
After his death, his children Keira, Kaley, and Christian pitched the business on Shark Tank and secured a deal with all five investors on the show.
The Sharks proposed to split $100,000 for 20% of the company. Cup Board Pro sold out the night of its appearance on Shark Tank and had over 130,000 people try to order it.
What is Cup Board Pro? Who is the Founder of Cup Board pro?
The Cup Board Pro is a cutting board made of bamboo that comes with a waste collector feature, which allows for easy collection of leftovers. It is an essential item that is frequently required in the kitchen.
The idea for the Cup Board Pro was inspired by an amazing family story. Keith Young, a former New York City firefighter and two-time helicopter champion, invented the Cup Board Pro, a simple yet brilliant invention.
During a family vacation in Wyoming, the Young family visited the Devils Tower National Monument, where Keith’s three-year-old son, Riley, was captivated by the stunning rock formation.
The family fashioned an abandoned cardboard box into a kite, and when Riley flew the kite against the backdrop of the monument, Keith had an idea that could revolutionize the way families eat together.
He decided to create a cutting board with a receptacle, or “cup,” along its length to easily capture leftovers without losing them to spills or messes.
Keith’s legacy lives on through his invention, as he tragically passed away from cancer related to 9/11 in March 2018. In August 2012, the Young family also lost their mother to cancer.
Keith’s children are continuing his legacy by helping him achieve his goal of pitching the Cup Board Pro on Shark Tank. They have an e-commerce site and offer the Cup Board Pro for sale on Amazon.
Cup Board Pro Shark Tank Pitch
Christian, Keira, and Kaley Young had a long-standing ambition to present their idea on Shark Tank. They entered the Shark Tank seeking $100,000 for a 10% stake in their company, which was valued at $1 million.
During their pitch, they demonstrated their device using a video of their father, Keith, which left the Sharks impressed.
However, the mood quickly turned emotional when the Youngs shared their recent history, including their mother’s death and their father’s devotion to her before passing away from 9/11 first responder-related cancer.
The Sharks were deeply moved, particularly guest Shark Matt Higgins, who had been at Ground Zero on September 11, 2001. Daymond was also visibly upset and tweeted about it during the broadcast.
After some time, the Sharks regained their composure, and each of the five invested $20,000 for a 20% stake in the company.
They also agreed that all profits generated from the investment would go towards charities that assist first responders who became ill following 9/11.
The deal was accepted unanimously, and the Youngs’ product, a cutting board with a built-in strainer, quickly sold out.
The Sharks worked with the Youngs to secure a licensing arrangement with Williams Sonoma, which now manufactures and distributes the product in its 600+ locations. As of 2021, the company generates $3 million in annual sales.
The Youngs continue to work on their business and are accepting pre-orders on their website. Their success is a testament to their perseverance and the Sharks’ belief in their product.
Net Worth of Cup Board Pro
The firm was valued at $1 million during the Shark Tank presentation; since then, the company has grown tremendously in revenue following the five Sharks’ acquisition and in 2021, the company has a net worth of around $17 million.
Cup Board Pro FAQs
What is Cup Board Pro?
Cup Board Pro is a cutting board with a cup to collect food you cut. It is made of bamboo wood, stainless steel, and silicone.
Who is the Founder of Cup Board Pro?
Cup Board Pro was inspired by an incredible family story. Keith Young, a firefighter and two-time helicopter champion, designed the board himself.
It was invented in 2012 when his three kids were riding in a helicopter with him. Keith’s father died nine-eleven from heart disease due to 9/11 first responder related cancer.
What is their offer on Shark Tank?
They were asking for $100,000 for a 10% stake in the company at a $1 million valuation.
Did they get the deal?
Yes, they got finalized deal of $20,000 each from the sharks. Keith Young’s kids are running his business.
Is still in business?
Yes, they are in business and generate $3 million in annual sales as of 2021.
How much does the Cup Board Pro cost?
Cup Board Pro shark tank update image result for $69.95. This revolutionary cutting board was featured on Shark Tank and was created by Keith Young, a New York City fireman, cook, and loving father.
How much has cupboard pro made?
The three gained massive support from all across the world following an excellent pitch on Shark Tank. They were able to sell out of their 26,000 boards in just eighteen hours after the show aired.
In other words, the boards generated over $1 million in sales, although the product remains unavailable on Amazon.
Where can I buy Cup Board Pro?
One can buy Cup Board Pro directly from their website or online retailers like Amazon.
Is it profitable?
Yes, the three gained massive support from all across the world following an excellent pitch on Shark Tank.
They were able to sell out of their 26,000 boards in just eighteen hours after the show aired. In other words, the boards generated over $1 million in sales.
How is the business model?
They have an e-commerce site and offer Cup Board Pro on Amazon.
Can it be cleaned easily?
Yes, it is made of bamboo wood, stainless steel, and silicone, making for an easy clean up.
Is safe to buy online?
Yes, it is safe to buy online. One can check the reviews before buying it.
Can I use this anywhere?
Yes, one can use it anywhere as long as they have a knife around them.
What is the future plan?
They are still in the middle of developing new concepts for their product line, so they will continue to develop products that are innovative and useful for cooking.
Is it good idea to invest in the business?
Yes, they have a high potential. They have worked with Williams Sonoma, which is a great partnership.
The board helps them clean up after cutting food at home or wherever they are without having to use any other products.
What are the strengths?
The board is environmentally friendly. It is made from bamboo, which is a sustainable wood that is easy to re-grow when cut.
They have a good working relationship with Williams Sonoma and can sell them in their stores.
Who will buy this business?
It will be a great business for startups, top distributors, or large companies interested in building a product line.
What is the net worth?
The net worth of the business is around $17 million.
Would you recommend this business opportunity?
Yes, I would definitely recommend this business opportunity because it has potential with enough success.
What is the net worth of Young’s Family?
The net worth of the family is unknown.
