GarmaGuard Shark Tank Net Worth 2023
GarmaGuard Shark Tank Net Worth
GarmaGuard’s net worth before appearing on Shark Tank was estimated to be $1 million, and as of 2023, their net worth is estimated to be between $500,000 and $800,000.
Despite not receiving an investment from any of the Sharks, GarmaGuard continues to operate and generate revenue.
GarmaGuard is a germ and Viruses Killing Spray that was founded by Bianca and Peter Badawy in 2017. The company appeared on Shark Tank in October 2021, with the founders asking for $100,000 in exchange for 10% of their company’s equity.
What is GarmaGuard? Who Founded GarmaGuard?
GarmaGuardTM is a non-GMO garment and fabric cleaner that is meant to be sprayed on garments, textiles, and soft surfaces to eliminate germs that cause odours.
Citric acid is the major constituent, a highly powerful organic molecule that is well-known for its ability to destroy germs.
Peter Badawy invented the device and is currently the Chief Executive Officer of the product’s parent business, Elysian Labs.
Prior to his appearance on Shark Tank, he worked as a police officer for the United States Army.
He is devoted to the principle of his firm, which is to clean garments and fabrics with safe and organic solutions.
The pair developed an appropriate recipe with the assistance of a business named Elysian Labs.
GarmaGuard contains no bleach or harsh chemicals and is thus safe to use on uniforms, shoes, and headgear.
They primarily sell to first responders and front-line employees, but would gladly sell to the general public as well.
They are now available on a variety of websites that provide police and nursing goods.
Additionally, the product is available on Amazon.
A can of spray with more than 200 applications costs $12.99. When purchasing in quantity, the cost per can decreases.
GarmaGuard Shark Tank Pitch
Bianca and Pete appeared on the TV show Shark Tank, wearing protective Tyvek suits, in hopes of securing a $100,000 investment for a 10% share in their business, which they valued at $1 million.
During their pitch, they demonstrated how germs can easily cling to clothing by throwing velcro balls at an actor named Joe. They then showcased their product, which is both antibacterial and antiviral.
After the Sharks evaluated the samples, Mr. Wonderful described their presentation as “fantastic terrible theatre.”
However, Blake was impressed and believed that their product could save people money on dry cleaning for odor removal. He put the product to the test by using it on his own shoes and declared that it worked.
The product costs $1.85 to manufacture and retails for $12.99, and all sales are conducted online. The company has been in operation for a year and a half and has a total revenue of $476,000.
Kevin suggested that if they could demonstrate that the product kills Covid on clothing, it would be a significant selling point. However, Pete stated that they were about a year away from achieving that milestone.
Mark complimented the product but believed that they needed to become an excellent marketing firm, which they were still developing.
Kevin expressed interest but ultimately decided to pass.
Daymond thought they could expand the business without an investor’s help and opted out. Lori stated that she would become a customer but that it was too early for her to invest.
Blake was interested in their sales forecast for 2020, and Pete estimated that they would sell $500,000 and earn $100,000 in profit.
Blake advised them to hold off on finding an investor at this time, given their current situation. In the end, they did not secure a deal with any of the Sharks.
As of July 2021, their product still lacks a “kills Covid” badge, but the business continues to operate and generates between $500,000 and $800,000 in revenue.
GarmaGuard Net Worth
Bianca and Pete visit the Shark Tank dressed in Tyvek suits, seeking $100,000 in exchange for a 10% stake in their firm. This indicates a $1 million value.
GarmaGuard Competitor
GarmaGuard Competitors include;
BioPro Research, Inc., based out of Chicago, seeks to develop products that can be used to fight against deadly pathogens.
BioPro’s methods are based on the same principles as natural anti-pathogens.
Garmaguard Shark Tank Update
GarmaGuard is a germ and virus-killing spray that protects clothes from germs and viruses. The founders of GarmaGuard, Pete Badawy, and Bianca Badawy appeared on Shark Tank Season 12 Episode 1, seeking $100,000 in exchange for 10% equity in their company.
However, no shark invested in the business, and they had to go through the Shark Tank without taking investment.
Despite not securing a deal with the sharks, GarmaGuard has been successful. When GarmaGuard sales were half a million before Shark Tank, their annual sales rate has now exceeded $1 million.
GarmaGuard has had $476,000 in lifetime sales and is on pace to have around $500,000 in sales by the end of 2020. The product has a selling cost of $12.99 and is made in the United States. GarmaGuard has a 20% profit margin on all sales, and the product costs $1.85 to produce.
Summary Table: GarmaGuard Shark Tank Net Worth
| ITEM | INFORMATION |
| Net Worth Before Shark Tank | $1 million |
| Current Net Worth (2023) | $500,000 – $800,000 |
| Company Description | Germ and virus-killing spray |
| Founders | Bianca and Peter Badawy |
| Product Constituents | Citric acid |
| Appeared On Shark Tank | October 2021 |
| Amount Requested From Sharks | $100,000 |
| Equity Offered To Sharks | 10% |
| Shark Tank Outcome | No deal |
| Revenue Generated In 2020 | $500,000 |
| Competitor | BioPro Research, Inc. |
| Sales Price Of The Product | $12.99 |
| Profit Margin | 20% |
| Cost Of Production | $1.85 |
What Happened To Garmaguard After Shark Tank?
GarmaGuard is a spray that kills germs and viruses, protecting clothes from harmful pathogens. The company’s founders, Bianca and Peter Badawy, appeared on Season 12 Episode 1 of Shark Tank, where they asked for $100,000 in exchange for 10% equity in their company.
Although they made an impressive pitch, they were not able to secure a deal with any of the sharks. Despite this setback, GarmaGuard’s sales have continued to grow since their appearance on the show, with their annual sales rate now exceeding $1 million.
As of 2023, GarmaGuard’s net worth is estimated to be between $500,000 and $800,000. The company provides environmentally friendly products for homes, cars, offices, and businesses, and their spray has been proven effective against some germs and viruses.
GarmaGuard is a favorite among medical experts, law enforcement, and other first responders.
What Was The Outcome Of Garmaguard’s Pitch On Shark Tank?
In an episode of Shark Tank’s twelfth season, GarmaGuard founders Bianca and Peter Badawy sought a $100,000 investment in exchange for 10% equity in their company. GarmaGuard is a fabric spray that eliminates bacteria and disinfects clothing.
Despite having made $476,000 in sales and projecting $500,000 in sales by the end of 2020, none of the sharks decided to invest. However, the sharks acknowledged that the Badawys were doing well on their own and had the potential to continue growing the business.
After the episode aired, GarmaGuard’s sales skyrocketed, making over $250,000 within 24 hours, and its annual sales rate exceeded $1 million. Even though the product lacked marketing, it has remained successful, selling thousands of sprays.
How Does Garmaguard Work?
GarmaGuard is a natural fabric and garment cleanser that can eliminate bacteria-caused odors from various surfaces, including clothing, shoes, uniforms, towels, bedding, car seats, sports equipment, couches, dog beds, and accessories.
It is made using a citric acid formula and is the first Non-GMO, Natural On-The-Go Garment and Fabric Cleanser. GarmaGuard is widely used in different fields such as law enforcement, nursing, military, firefighting, and ambulance services.
It can be used to spot-treat and eliminate odors causing bacteria by spraying on the fabric and leaving it to dry, making it a quick and easy solution.
On the other hand, Gammagard is a sterilized solution created from human plasma that contains antibodies that help the body protect itself against infections from various diseases.
Gammagard is used to treat primary immunodeficiency diseases (PI) in adults and children aged two years or older. It is administered through injections, and the dosage and frequency of injections depend on the specific condition being treated.
If the injections are done at home, it is important to understand how to properly mix and store the medicine. Gammagard and GarmaGuard are two different products with different uses and are not related to each other.
What Is The Active Ingredient In Garmaguard?
GarmaGuard is a natural and organic garment and fabric cleanser that contains citric acid, which is highly effective in eliminating odors and is gentle on all fabrics. It is designed to address contact with odor-causing bacteria on all types of clothing, fabrics, and soft surfaces.
GarmaGuard is produced by Elysian Labs LLC, a company founded by Pete Badawy and Bianca Badawy, and is made in the United States. Pete Badawy is a US Army officer and the current CEO of the company.
GarmaGuard is the first all-natural, non-GMO, non-toxic garment cleansing spray that uses a citric acid formula to eliminate odor-causing bacteria. It is vegan, cruelty-free, and biodegradable, and is gentle enough for all fabrics.
One quick spray of GarmaGuard eliminates odors on clothing, shoes, uniforms, towels, bedding, car seats, sports equipment, couches, dog beds, and accessories. It is used in many different fields, including law enforcement, nursing, military, firefighting, and ambulance services.
One can of GarmaGuard contains more than 225 sprays, which is about a 30-day supply, and fits easily into your hand. The product is small and compact, making it easy to take along with you, put in your car, or keep in your purse.
Despite not receiving an investment from any of the Sharks on Shark Tank, GarmaGuard continues to operate and generate revenue of between $500,000 and $800,000. The business is passionate about its product and determined to help those who need it.
Who Is The Garmaguard?
GarmaGuard is a non-GMO, natural garment and fabric cleanser that eliminates odor-causing bacteria on all types of clothing, fabrics, and soft surfaces. It is made with a citric acid formula that is vegan, cruelty-free, and biodegradable, with no abrasive chemicals added to it.
GarmaGuard is a germ and virus-killing spray that was founded by Pete Badawy, a US Army veteran police officer, and his wife Bianca Badawy, a nurse.
They both work first responder jobs and had the habit of getting rid of any unnecessary items of clothing from themselves before entering their house.
GarmaGuard is used in many different fields, including law enforcement, nursing, military, firefighting, and ambulance services. It is applicable to almost everything, including car seats and accessories, and is gentle despite its harsh purpose.
One quick spray of GarmaGuard will help eliminate odors on clothing, shoes, uniforms, towels, bedding, car seats, sports equipment, couches, dog beds, and accessories. GarmaGuard is small and compact, making it easy to take along with you, put in your car, or keep in your purse.
Despite not receiving an investment from any of the Sharks on Shark Tank, GarmaGuard continues to operate and generate between $500,000 and $800,000 in revenue. The business is passionate about its product and determined to help those who need it.
Does Garmaguard Provide Sanitization?
Yes, GarmaGuard provides sanitization. GarmaGuard is a natural garment and fabric cleanser that eliminates odor-causing bacteria on all types of clothing, fabrics, and soft surfaces. It contains citric acid in combination with a unique blend of organically derived substances.
GarmaGuard is effective against some germs and viruses, and it has been lab-tested to kill the virus up to 99.99% with clothes. It is gentle on all fabrics and contains no bleach or harsh chemicals, making it safe to use on uniforms, shoes, and headgear.
GarmaGuard is used by medical experts, law enforcement, and other first responders to protect their clothing and equipment from germs and viruses. It is also used by mothers, teachers, students, travelers, and anyone who wants to protect their clothing in different situations.
GarmaGuard is available on various websites that provide police and nursing goods, and it can be used to spot treat an area to eliminate odors causing bacteria on-demand.
In summary, GarmaGuard is a natural garment and fabric cleanser that provides sanitization by eliminating odor-causing bacteria and some germs and viruses on all types of clothing, fabrics, and soft surfaces.
It is safe to use on uniforms, shoes, and headgear and is effective in protecting clothing and equipment from germs and viruses.
Who is Blake in shark tank?
Blake Mycoskie is a serial entrepreneur, philanthropist, and bestselling author best known for establishing TOMS Shoes.
He is also the creator of One for One, a business model that donates a pair of shoes to a person in need for every product purchased.
Is GarmaGuard still operational?
The business continues to operate and generates between $500,000 and $800,000 in revenue.
What components are contained in GarmaGuard
GarmaGuardTM contains Citric Acid in combination with a unique blend of organically derived substances.
Is GarmaGuard effective against bacteria?
GarmaGuard is an all-natural citric acid mix that is utilized in a wide variety of household cleaning products.
It deodorizes garments and has been shown to be effective against some germs and viruses.
Medical experts, law enforcement, and other first responders rave about GarmaGuard.
Did GarmaGuard get a deal on Shark Tank?
Despite enthusiasm in their fabric cleansing spray, the left eventually abandoned the Tank.
How is the business model for GarmaGuard?
GarmaGuard’s business model is to market the product as a non-toxic, natural, and safe alternative to chemical disinfectants.
The firm intends to utilize each of its target markets as a way to cultivate consumers for its retail products.
Who owns GarmaGuard?
Pete Badawy and Bianca Badawy own GarmaGuard.
How does GarmaGuard make money?
GarmaGuard operates as a supplier of environmentally friendly products for homes, cars, offices, and businesses.
Has GarmaGuard ever been on Shark Tank?
Bianca Badawy and Pete Badawy appeared on the October 16, 2016 episode of Shark Tank seeking $100K in exchange for 10% of their business. They left without a deal.
Which episode of Shark Tank featured GarmaGuard?
Bianca Badawy and Pete Badawy made their pitch in Episode 1 season 12.
What is GarmaGuard’s phone number?
If they would like to contact the business by phone, call 1-800-792-2464.
What is the net worth of Pete Badawy?
Unknown.
What is the net worth of Bianca Badawy?
Unknown.
