Grease Monkey Wipes Net worth
Grease Monkey Wipes is a company that produces wipes that remove stains without water or soap. Its net worth has been estimated to be $1 million, although some sources suggest it could be as high as $5 million. The company appeared on Shark Tank with a valuation of $100,000.
What is Grease Monkey Wipes and Who founded Grease Monkey Wipes?
Grease Monkey Wipes are disposable wipes made with citrus-based solvents that effectively clean dirt, grease, oil, filth, and lubricants from both skin and surfaces, especially when soap and water are not available.
These wipes are gentle on the skin and do not require rinsing after use, making them very convenient in situations where water is scarce.
The concept for Grease Monkey Wipes was born during a bike ride when Tim Stansbury and Erin Whalen discussed the need for a portable solution to remove grease and dirt on the go.
They eventually developed the product through trial and error.
Therefore, Tim Stansbury and Erin Whalen are the creators and founders of Grease Monkey Wipes.
Grease Monkey Wipes Shark Tank pitch
After appearing on Shark Tank in 2010 and receiving an offer from Barbara Corcoran, Grease Monkey Wipes secured a Shark Deal and became a successful product for the Sharks.
However, despite their initial success, the founders, Tim Stanbury and Erin Whalen, eventually left the company after it was acquired by Beaumont Products Inc. in November 2014.
The product, which uses citrus-oil-based wipes to break down tough fats and oils, is still available for sale today and is being manufactured by Beaumont Products Inc., a manufacturer of natural and environmentally friendly products.
Grease Monkey Wipes Competitors?
Grease Monkey Wipes were the first of their kind on the market, however, they now have competition, such as Wipe New.
Wipe New’s liquid formula serves the same purpose as Grease Monkey Wipes, but it comes in a dry form and needs to be dampened before use, unlike Grease Monkey Wipes which are pre-moistened.
The net worth of Grease Monkey Wipes?
At the pitch, Grease Monkey Wipes was valued at $100,000.
Summary Table: Grease Monkey Wipes Shark Tank
| INFORMATION | DETAILS |
| Company Name | Grease Monkey Wipes |
| Founders | Tim Stansbury and Erin Whalen |
| Product | Pre-moistened, disposable cleaning wipes that remove grease, oil, lubricants, grime, and dirt from skin and surfaces. Made with a safe, citrus-based formula. |
| Shark Tank Pitch | Valuation of $100,000; secured a deal with Robert Herjavec and Barbara Corcoran |
| Competitors | Wipe New |
| Net Worth | Estimated to be $1 million, although some sources suggest it could be as high as $5 million |
| Updates | Beaumont Products Inc. acquired the company for an undisclosed amount in November 2014; Grease Monkey Wipes is still available for sale and manufactured by Beaumont Products Inc.; Tim Stansbury works at Houghton Mifflin Harcourt in Austin |
| FAQ: What is it? | Multi-purpose, pre-moistened, disposable cleaning wipe that can easily remove grease, oil, lubricants, grime, and dirt from skin and other surfaces. |
| FAQ: How it works? | It uses a safe yet powerful citrus formula to dissolve tough grease and oils. It is free of harsh chemicals and safe to use on the skin. |
| FAQ: How it was created? | The idea for Grease Monkey Wipes was born during a bike ride when Tim Stansbury and Erin Whalen discussed the need for a portable solution to remove grease and dirt on the go. They eventually developed the product through trial and error. |
Grease Monkey Wipes Shark Tank Updates
Grease Monkey Wipes is a product that removes grease and other stains from hands and surfaces. The product was created by Tim Stansbury and Erin Whalen, who appeared on Shark Tank in season 1 to pitch their product.
They asked for $40,000 for 40% equity and received an investment of $40,000 for 40% from Robert Herjavec and Barbara Corcoran. Kevin O’Leary also showed interest in the product and asked about the grease-removing component, which Tim Stansbury revealed was citrus oils.
The Sharks were impressed by the unique logo associated with the product.
In 2014, Grease Monkey Wipes was acquired by Beaumont Products Inc., a leading manufacturer of naturally-made and eco-friendly products, for an undisclosed amount. The product is still in business today and continues to be manufactured through Beaumont Products Inc.
Tim Stansbury now works at Houghton Mifflin Harcourt in Austin. The products are still widely available as of July 2021.
Grease Monkey Wipes FAQS
What Is Grease Monkey Wipes?
Grease Monkey Wipes are a multi-purpose, pre-moistened, disposable cleaning wipe that can easily remove grease, oil, lubricants, grime, and dirt from skin and other surfaces. They are made with a safe yet powerful citrus formula that is free of harsh chemicals.
The wipes are safe to use and can be used to clean yourself up when you are feeling dirty and grubby and do not have access to water and soap. They are also effective kitchen wipes and can be used as a stove or oven cleaner to get rid of oil and grease.
Grease Monkey Wipes were created by Tim Stansbury and Erin Whalen, who came up with the idea of a wipe that cuts grease and provides portable, safe cleaning. They appeared on Shark Tank in season 1 and received an investment from Robert Herjavec and Barbara Corcoran.
The Sharks were impressed with the unique logo associated with the Grease Monkey Wipes. The product became an impressive story for the Sharks, earning back their investment and then some. The company was later sold to Beaumont Products for an undisclosed amount.
Grease Monkey Wipes can be found on the Beaumont Products website and also on Amazon.
How Does Grease Monkey Wipes Works?
Grease Monkey Wipes are multi-purpose, pre-moistened, disposable cleaning wipes that are designed to remove grease, oil, lubricants, grime, and dirt from the skin. They use a safe yet powerful citrus formula that is effective at dissolving tough grease and oils.
The wipes are free of harsh chemicals and are safe to use on the skin. They are extra large and extra strong, making them ideal for heavy-duty cleaning tasks.
Grease Monkey Wipes were created by Tim Stansbury and Erin Whalen, who came up with the idea while on a 100-mile bike ride.
Whalen was unable to clean away the grease from her hands after repairing a flat tire, so they decided to create a wipe that cuts grease and provides portable, safe cleaning. The wipes were featured on Shark Tank and received investment from the Sharks.
Overall, Grease Monkey Wipes are a convenient and effective solution for cleaning grease and grime from the skin. They are safe to use and free of harsh chemicals, making them a popular choice for heavy-duty cleaning tasks.
What Happened To Grease Monkey Wipes After Shark Tank?
Grease Monkey Wipes appeared on episode 113 of Shark Tank, where Tim Stansbury and Erin Whalen pitched their product to the Sharks. The product is a wipe that cuts grease and provides portable, safe cleaning. The Sharks were impressed by the unique logo associated with the Grease Monkey Wipes.
The company did not receive a deal on the show, but it became an impressive story for the Sharks, earning back their investment and then some.
In November 2014, Stansbury sold the brand to Beaumont Products for an undisclosed sum. Beaumont Products is a leading manufacturer of naturally-based consumer products. As of July 2021, the products are still widely available.
After selling Grease Monkey Wipes, Stansbury started a company called Cat5Elite, a bicycling-themed clothing company, but it was short-lived. He now works at Houghton Mifflin Harcourt in Austin.
What Is The Current Valuation Of Grease Monkey Wipes?
Grease Monkey Wipes is a company that produces heavy-duty cleaning wipes that can remove stains without water or soap. The wipes contain citrus extracts, making them environmentally friendly and ideal for heavy-duty cleaning.
The company appeared on Shark Tank in season 1, episode 12, with a valuation of $100,000. During the show, the founders, Tim Stansbury and Erin Whalen, asked for $40,000 in exchange for a 40% interest in the company.
Barbara Corcoran and Robert Herjavec offered them $40,000 for 40% of the stock in Grease Monkey Wipes, which they accepted.
As of 2022, the net worth of Grease Monkey Wipes is $1 million. However, some sources suggest that the net worth could be as high as $5 million. The company has been successful in the market due to its unique product that uses natural ingredients instead of harsh chemicals.
The wipes can be used to clean lubricants, grease, and oil from skin and any surface, making them a versatile cleaning solution.
In conclusion, the current valuation of Grease Monkey Wipes is not explicitly stated in the search results. However, the net worth of the company is estimated to be $1 million as of 2022, with some sources suggesting it could be as high as $5 million.
Is Grease Monkey Wipes Still In Business?
Yes, Grease Monkey Wipes is still in business. In 2014, the company was acquired by Beaumont Products Inc., a leading manufacturer of naturally-made and eco-friendly products, for an undisclosed amount. The company continues to be manufactured through Beaumont Products Inc.
As of July 2021, the products are still widely available.
What exactly are Grease Monkey Wipes?
Grease Monkey Wipes are pre-moistened wipes designed to remove grease and grime from hands, tools, equipment, clothing, and just about any other surface in the garage..
They are washing wipes with citrus extracts that are perfect for heavy-duty cleaning.
What components are in Grease Monkey Wipes?
During the presentation, Tim Stansbury stated that the oils used in wipes are obtained from juice firms after the fruits have been squeezed.
Tim Stansbury and Erin Whalen: Who Are They?
Tim Stansbury and his business partner Erin Whalen are both recreational cyclists who met through a training group some years ago and have remained close friends ever since.
What inspired them to create your product?
Erin Whalen claims that it was on one of those hundred-mile bike trips that she developed a flat tire, which Tim Stansbury assisted her in repairing.
She claims she got a flat tire and her hands were smeared in oil after fixing it.
They decided to co-found a firm that offers individually wrapped wet wipes that are enriched with citrus oils and powerful enough to remove all types of stains and dirt.
What’s the deal?
Stansbury and Whalen are seeking $40,000 for a 10% stake in the firm but they got a proposal deal of $40,000 for 40%.
Finally, Barbara Corcoran and Robert Herjavec agreed to go fifty-fifty on the sale, offering Tim Stansbury and Erin Whalen $40,000 in return for a 40% interest in Grease Monkey Wipes.
Grease Monkey Wipes: Where Can I Buy Them?
Grease Monkey Wipes are also widely available on Amazon.
How did the company grow?
Grease Monkey Wipes’ business grew after teaming with the sharks.
What distinguishes Grease Monkey Wipes from its competitors?
According to Tim Stansbury, the main distinction between Grease Monkey Wipes and its rivals is that they employ a citrus-based recipe and avoid utilizing harsh chemicals, making them environmentally friendly.
What exactly is the product?
Grease Monkey Wipes, these individually packaged citrus-oil-based wipes, were introduced.
What number of wipes have they sold?
Kevin O’Leary of Shark Tank asked Tim Stansbury how many wipes they had sold, to which Tim Stansbury said that the wipes had just been on the market for a couple of months, thus they had sold 7,600 wipes.
What’s the big deal?
They went there looking for a $40,000 investment in exchange for 40% of the company’s stock.
What became of Grease Monkey Wipes?
Beaumont Goods Inc., a major maker of naturally-made and eco-friendly products, acquired Grease Monkey Wipes for an unknown sum in 2014.
Who bought grease monkey?
Beaumont Products Inc. acquired the company.
How much did Stansbury sell Grease Monkey Wipes for?
In 2014, Beaumont Products paid an undisclosed price for the Grease Monkey Wipes Company.
How much money did Grease Monkey Wipes make?
Stansbury claims they’ve only been in business for a few months, but they’ve already sold over 7,600 wipes for a total of $7400.
What happened to grease monkey after shark tank?
Stansbury eventually bought out the investor Sharks and his partner, Erin Whalen, turning Grease Monkey Wipes into a hugely successful one-man show.
In November of 2014, Stansbury sold the brand to Beaumont Products for an unknown fee.
How Grease monkey wipes doing today?
The product is still sold today and continues to be manufactured through Beaumont Products Inc.
Did Grease Monkey Wipes secure a deal at the Shark Tank pitch?
Whalen and Stansbury secured a deal with Barbara Corcoran and Robert for $40,000 at a 40% ownership.
How much does Grease Monkey Wipes costs?
It cost $1 to buy.
Who founded Grease Monkey Wipes?
The company was founded by student James Stansbury and Erin Whalen.
Which Shark Tank Episode is Grease Monkey Wipes featured?
The episode featuring Grease Monkey Wipes was season 1 Episode 12.
Can you make money from grease monkey?
Yes, Grease Monkey Wipes is a product that is easy to sell and has a built-in market. However, these are not exclusive products and there are plenty of similar products available for sale.
