FireFighter1 Shark Tank Net Worth-What Happened To Action FireFighter1 The Shark Tank Pitch?
What Is A FireFighter1? Who Is The Founder Of FireFighter1?
Firefighter1 is a hose created by Bianca R. and launched in 2015. The hose can connect directly to a pool with a PVC diverter and can spray over a gallon of water every second.
This particular fire hose is crafted using nylon and is offered in two sizes: 50 feet and 100 feet. The 50-foot variant has the ability to cover an area of approximately 1/4 acre of properties, weighing 13.5 lbs. and measuring 8″x14″x17″. Meanwhile, the 100-foot variant can cover up to 1/2 acre, weighing 28 lbs. and measuring 16″x16″x8″.
Included in the package are a separate 3-way diverter and an installation kit with a fire hose. These items are priced at $95 each.
The price for the 50-foot fire hose is $369, while the price for the 100-foot fire hose is $449. In addition, the fire hose is equipped with an adjustable nozzle that can modify the water pressure to suit your specific needs.
What Happen To FireFighter1 At The Shark Tank Pitch?
Bianca Wittenberg and her father developed a product called Fire Fighter 1, which is an adapter and hose that allows individuals to access their pool water in the event of an unexpected fire. The product was pitched on Shark Tank Season 14, and Bianca was seeking $150,000 for 15% equity.
Fire Fighter 1’s cost to customers is around $500 per unit, while the manufacturing expenses come to just over $100 per unit. Although the profit margins appeared reasonable, the investors were uncertain about the product’s market demand since it seemed to cater to a specific audience. Consequently, some of the sharks opted out of the deal.
One of the hurdles faced by Bianca was the novelty of her business, which had been launched in February 2022 and had only managed to sell less than 50 units. Naturally, the projected lifetime sales figures were relatively meager.
Lori Greiner and Mark Cuban collaborated to offer a deal worth $150,000 for 25% equity, which Bianca accepted readily. Thus, a preliminary agreement was reached between Fire Fighter 1 and the duo of investors.
What Happen To FireFighter1 After The Shark Tank Pitch?
After appearing on Shark Tank Season 14, Fire Fighter 1 made a deal with Mark Cuban and Lori Greiner for $150,000 in exchange for 25% equity. The product is an adapter and hose that allows individuals to access their pool water in the event of an unexpected fire.
The company’s product is niche, so it may not be super successful even after appearing on Shark Tank. However, with two sharks on her team, Bianca Wittenberg will be able to spread the word about her company faster than she would have been able to.
As of March 2023, Fire Fighter 1 is available exclusively on the official company website and costs $369 for the 50-foot option. There is no further information available about the company’s progress or any updates since its appearance on Shark Tank.
FireFighter1 Shark Tank Net Worth
The current estimated net worth of Fire Fighter 1 is $600,000, though this may be higher after the episode airs because of increased publicity.
Fire Fighter 1 is a company that produces an adapter and hose that quickly allows individuals to access pool water in the event of an unexpected fire.
The company was featured on Shark Tank Season 14, where they received an investment of $150,000 for 25% equity from Mark Cuban and Lori Greiner. The company has a single-unit cost of $500 and manufacturing costs of just over $100 per unit.
Is FireFighter1 Still In Business?
Yes, FireFighter1 is still very much in business as of February 2023. This company specializes in producing fire hoses and related equipment, and its official website is the only place where you can purchase its products.
The Public Safety Company is based in Sacramento, California, and currently has a team of 2-10 employees.
As of November 2022, their fire hoses and other items are not listed for sale on Amazon, so you’ll need to go to their website to make a purchase.