Fridge Fronts Shark Tank Update | What Happened to Fridge Fronts after Shark Tank?

What is Fridge Fronts?

Fridge Fronts are magnetic covers for refrigerators and other big, metal appliances. Even the dirtiest refrigerators become objects of art when covered in these skins.

Magnetic backings facilitate removal and are available in a range of colors and designs.

Jan Augenstein created the firm in 2002. She earned a Bachelor of Fine Arts degree from Wright State University and a Master of Education degree from Boston University.

In 1992, following her studies, she entered the real estate industry. Augenstein then sold her Fridge Fronts business to Best Appliance Skins.

Who is the founder of Fridge Fronts?

Jan Augenstein founded the firm in 2002. Augenstein launched her firm eight years after earning her Master’s degree.

Her spouse was a member of the military, and the couple resided on the base. Magnetic skins were an inexpensive method for her to infuse their home with her personality.

The magnetic sheets have magnificent graphics and can be customized to fit any refrigerator, stove, or dishwasher. The cover maintains the appliance’s current surface while also adding a personalized aesthetic flair.

Augenstein has had a difficult time launching her Fridge Fronts product. Her brother initially put $250,000 in the business in order to get it started.

While an appearance on Rachel Ray’s television show sparked a surge in interest that brought the Fridge Fronts website to a halt, setbacks soon brought Fridge Fronts to a halt.

Augenstein placed an order with a tiny print firm that went out of business before completing the transaction.

What Happened to Fridge Fronts at Shark Tank pitch?

Jan Augenstein makes her Shark Tank debut on episode 115 with her ground-breaking new kitchen appliance design, Fridge Fronts.

She is looking for a Shark to assist her with funding her project, which will allow her to produce further designs and advance the product into the retail market.

Augenstein entered the Shark Tank pitch seeking $100,000 in exchange for 30% stake in her firm, which valued at $333,333.

She provides the Sharks with an outdated and unattractive refrigerator. She illustrates how a new front alters the appearance of the ‘fridge totally, as well as her numerous finishes and designs.

Kevin Harrington is interested in learning more about her Skymall enterprise. Augenstein notes that she invested $18,000 and generated sales of $40,000.

She would have profited had her supplier not abruptly increased the price. Following Rachel Ray’s televised appearance, she was forced to purchase her stuff back from the bankrupt printer. Due to her difficulties, she now requires the Sharks’ assistance.

According to Kevin O’Leary, it is “not a corporation; it is a product.” He has departed. Robert Herjavec believes the product is innovative and the market is insufficiently large. He also out. Daymond John does not believe he has a place in the company. He has departed.

Kevin Harrington and Barbara Corcoran are the only survivors. Corcoran is willing to spend half the money on the condition that Augenstein maintains her current level of success.

Harrington is taken aback by the success of Skymall. He was willing to contribute the remaining $50,000 with Barbara, but he wants the sale to include 50% equity in the company. Augenstein accepts the offer and exited the pitch with a deal.

What Happened to Fridge Fronts after Shark Tank?

The deal with Kevin Harrington and Barbara Corcoran was finalized; Fridge Fronts has expanded far beyond the initial few designs to encompass hundreds. Magnets, too, have changed.

Customers who own non-magnetic equipment can choose for a detachable sticky film instead. The product line has been enlarged to allow for more size customization, which enables the client to spend less time trimming and cutting to fit the product to their appliance.

Augenstein appears to have recovered her investment and successfully launched her Fridge Fronts product, demonstrating that all it takes to succeed is a strong idea and the determination to overcome obstacles. A gentle nudge from the Sharks would also be beneficial.

Jan sold the firm to Best Appliance Skins in 2013 for an unknown sum. The new owners have over a million photos to choose from when creating their skins. Jan remains a realtor in Ohio and has a home staging business.

Net Worth of Fridge Fronts

The company valuation was $333,333 during the pitch, after the pitch the company worth $200,000. In 2013 the company was acquired by Best Appliance Skin for unknown sum and hence the company net worth is unknown.

Fridge Fronts FAQs

What is Fridge Fronts?

Fridge Fronts are magnetic covers for refrigerators and other big, metal appliances. Even the dirtiest refrigerators become objects of art when covered in these skins. Magnetic backings facilitate removal and are available in a range of colors and designs.

Who is the founder?

Jan Augenstein created the firm in 2002. She earned a Bachelor of Fine Arts degree from Wright State University and a Master of Education degree from Boston University.

How much was seeking on Shark Tank?

Jan was seeking for $100,000 in exchange for 30% stake in her firm, which was valued at $333,333.

Did she have the deal?

Yes, she had a deal with Barbara Corcoran and Kevin Harrington.

How much was the deal?

They offered $100,000 for 50% ownership of the company with $200,000 valuation.

Is Fridge Fronts still in business?

Yes, Fridge Fronts is still in business and had been acquired by Best Appliance Skin in 2013.

When was Fridge Fronts founded?

The firm was founded in 2002.

Where was Fridge Fronts located?

The firm was based in Ohio.

What is Fridge Fronts Products?

Fridge Fronts Products are magnetic sheets for refrigerators and other metal appliances that can be adorn with graphics and designs.

In what markets does Fridge Fronts operate?

Fridge Fronts operates in the US, Canada, China, France, Germany, Australia, South Korea and the UK.

Who is the current owner of Fridge Fronts?

The current owner is Best Appliance Skins, which have over a million photos to choose from when creating skins. Jan Augenstein remains a realtor in Ohio and has a home staging business.

How was Fridge Fronts work?

Fridge Fronts is a product that can be used by customers who own non-magnetic equipment. The skins can be placed onto the refrigerator or other metal appliance and removed without damage.

Is Fridge Fronts durable?

Fridge Fronts are flexible and not waterproof, so they do not last very long in the rain or in pools of water.

They are durable for both indoor and outdoor use, though some people may try to damage them if doing so does not cause a great deal of physical damage to their property.

How do I buy Fridge Fronts?

The firm does not have an online store, but the magnets can be purchased from many different retailers. The skins are available in a range of colors and designs and are also customizable.

How do I apply Fridge Fronts?

The firm does not offer installation services, but customers can easily apply the skins themselves.

What else is offered by Fridge Fronts?

The firm also offers magnet boards, which feature a smaller number of designs than the refrigerator magnets.

Where did Jan Augenstein find her inspiration?

Jan Augenstein was inspired to create Fridge Fronts after seeing magnetic skin options for blenders and computers on the Internet.

She soon realized that there were no options available for appliance covers, so she began looking into creating her own line of designs.

Where is Jan Augenstein now?

Jan Augenstein is a realtor in Ohio. She was born and raised in Dayton, Ohio.

What is the net worth of Jan Augenstein?

The net worth of John Augenstein is unknown.