Eggmazing Egg Decorator Net Worth
Eggmazing Egg Decorator is a company that appeared on Shark Tank and has a net worth of $5 million. They have sold over $12 million in retail sales since appearing on the show. The company was founded by Curtis and Scott, who were looking for $350,000 for a 7% stake in their company.
What is Eggmazing Egg Decorator and Who Founded the Eggmazing Egg Decorator?
The Eggmazing Egg Decorator is a tool for decorating eggs that eliminate the mess and hassle associated with traditional egg decorating methods used during Easter.
This egg decorating kit does not contain any dyes or vinegar. Instead, a hard-boiled egg is placed on a battery-powered egg holder that rotates the egg while the user decorates it with non-toxic markers of various colors provided with the kit.
Co-founders of the Eggmazing Egg Decorator are Curtis McGill, Chief Financial Officer, and designer and CEO Scott Houdashell. Scott developed the idea for the Eggmazing Egg Decorator when he observed the mess that was being created by his nieces and nephews while decorating Easter eggs in 2015.
Scott spent the remainder of the year developing several prototypes and finally had a functional model ready by the spring of 2016. The brightly colored, egg-shaped container spins a hard-boiled egg around, and non-toxic colored markers are applied to the egg, resulting in vivid patterns as it turns.
Scott’s family and friends tested the gadget when painting Easter eggs that year, and it was a huge success.
Encouraged by the reaction, Scott sought out tooling and manufacturing specialists and created a Facebook page for the Eggmazing Egg Decorator on May 4, 2016, which immediately drew attention and positive comments.
On November 16, 2016, he launched a Kickstarter campaign to fund the development of the Eggmazing Egg Decorator. The campaign exceeded its $5,000 target and raised $7,736 from 147 backers.
The first 10,000 units were produced on March 1, 2017, and the Eggmazing Egg Decorator was featured on several television shows.
Each Eggmazing Egg Decorator retails for $29.99 and includes eight markers. Batteries and eggs are not included. Both Curtis McGill and Scott Houdashell continue to serve on the company’s board of directors.
Eggmazing Egg Decorator Shark Tank Pitch
In Shark Tank Season 9 Episode 23, Curtis and Scott were seeking $350,000 for a 7% stake in their business, which valued the company at $5 million. They presented their product as a fun and clean alternative to the traditional egg dyeing process, which had remained unchanged for decades.
The Sharks were intrigued and curious about how they came up with the idea. Scott had been coloring eggs with his kids using vinegar and dye tablets in 2015 but wanted to find a better alternative. He started working on the first prototype using a glue gun and electric screwdriver.
The Eggmazing Egg Decorator proved to be a hit, selling all 10,000 units in just 23 days and earning $150,000 in profits. They received $1.2 million in purchase orders for the next Easter and had a cost of $4.71 landed in packing, selling for $12.50 wholesale.
They also had a sibling product called The Treemendous Ornament Decorator, which cost $29.99 and had three decorations and eight markers.
The Sharks made various offers, with Lori’s offer of $100,000 plus a $250,000 loan at 7% in exchange for 12.5% of the company being accepted by Curtis and Scott.
Since then, the Eggmazing Egg Decorator has been sold in stores such as Walmart, Target, and Amazon. The company made $12 million in sales in the calendar year after the initial air date and introduced new Christmas and Halloween kits, as well as a dinosaur egg decorating kit.
The Eggmazing Egg Decorator is currently priced at $29.99, while The Treemendous Ornament Decorator is priced at $34.99.
The company’s sales increased dramatically in 2020, with Walmart sales up by 226% and Amazon sales up by 4400%. The company is still in operation as of November 2021, with yearly revenues of $3 million.
Eggmazing Egg Decorator Net Worth.
Curtis and Scott from Shark Tank Season 9 Episode 23 are looking for $350,000 for a 7% stake in their company. This equates to a $5 million valuation. They accepted an offer from Lori of $350,000 for a 10% stake plus a $2 royalty until she repays back.
Eggmazing Egg Decorator Competitors
There is a competitor identified for Eggmazing Egg Decorator.
Eggmazing Egg Decorator FAQS
What is Eggmazing Egg Decorator?
The Eggmazing Egg Decorator is an egg decorating kit that removes the stench and clutter associated with traditional Easter egg decoration.
It contains no dyes or vinegar. Instead, simply place a hard-boiled egg on a battery-powered egg holder, which rotates the egg while the user decorates it with the provided markers of various colours.
Who is the founder of Eggmazing Egg Decorator?
The Eggmazing Egg Decorator was designed by co-founders Curtis McGill, Chief Financial Officer, and designer and CEO Scott Houdashell.
How much were they seeking in the Shark Tank?
Curtis and Scott were seeking $350,000 for a 10% stake, meaning a $5 million valuation.
Did they get the deal from the Shark Tank?
They got an offer from Lori Greiner of $350,000 for 10% stake plus $2 royalty until she is repaid back.
What episode of Shark Tank was The Eggmazing Egg Decorator featured?
They were on season 9 episode 23.
How much is Eggmazing Egg Decorator?
It cost $8.28 to produce. On the first run, each unit was $19.99, and on the second run, it was $24.99. Amazon’s average selling price is $59,
When was Eggmazing Egg Decorator on Shark Tank?
They were aired on February 18th, 2018.
Is the Eggmazing Egg Decorator still in operation?
The firm is still in operation and has recently expanded its product line to include a Treemendous Christmas Tree Ornament Decorating Kit and a DinoMazing Egg Decorating Kit—both of which include hidden dinosaurs.
What happened to Eggmazing after shark tank?
The Eggmazing Egg Decorator, which debuted on the program, is now readily available at Wal Mart, Target, and Amazon.
The corporation made $12 million in sales in the calendar year after the initial air date. It is currently $29.99, while The Treemendous Ornament Decorator is $34.99.
How is Eggmazing doing these days?
The kit was very popular after it appeared on “Shark Tank” in 2018, and it’s still popular in 2020. According to McGill, sales of the Eggmazing are up 266 percent at Walmart and 4,400 percent on Amazon compared to this time last year.
Can they eat Eggmazing-decorated eggs?
Their remark “do not eat adorned eggs” is based on how eggs are handled or not handled.
With Eggmazing, can they use any marker?
They can use Sharpies or paint pens in addition to the markers provided with the machine. Sharpies work quite nicely.
What size eggs are the most effective?
Eggs Extra Large.
Do the markers come with it?
Yes, the Eggmazing set comes with eight coloured non-toxic markers.
Do The Eggmazing come with eggs?
They are not permitted to include a laying hen in the deal.
Is there a battery included?
The batteries are not included.
What is the lifespan of the markers?
Marker lids that are properly fastened will have a longer lifespan. “At toy displays, they adorn over 300 eggs using the same marker packet.”
What kind of marker is included in the kit?
Their markers are non-toxic and dry quickly. D4236 ATSM (lead-free)
Can they use any kind of marker?
Non-toxic markers that dry quickly work best (permanent marker). Water-based markers do not dry quickly, and the results may be disappointing.
How long does it take for the batteries to charge?
Depending on the brand of battery used. “During the four-day toy show presentations, they utilize the same batteries.” “More than 40 hours of usage.
How many egg puns can they come up with?
More than a dozen people.
