Grip Clean Shark Tank Net Worth
Bryce Hudson, the founder of GripClean, has a net worth of $2.3 million as of 2022. He founded GripClean in 2015 and pitched it to the Sharks on Shark Tank in November 2015.
He asked for an investment of $85,000 for 20% equity in his company, but Lori Greiner offered him $85,000 for 35% equity instead. This means that the net worth of the company was $242,857.14 during the pitch.
GripClean has since grown to have annual revenue of $3 million as of August 2022. It is still available on Amazon and on the Grip Clean website, and its latest numbers place its annual revenue at around $3 million.
What is Grip Clean and Who is the founder of Grip Clean?
Grip Clean is a hand-cleaning solution made of natural, plant-based ingredients that are designed for athletes, active individuals, and busy families. It is a user-friendly product that comes in a convenient container and does not contain any harsh chemicals.
The solution’s ingredients include organic components and dirt, which is used to exfoliate and remove oil and grease from hands.
The founder and current CEO of Grip Clean is Bryce Hudson, who was previously a competitive motocross athlete. Bryce spent most of his time riding motorcycles or working on them before becoming known as the “Soap Boy.” He started the company with a Kickstarter campaign that raised $10,000.
Bryce created Grip Clean because he wanted an all-natural solution to remove the oil from his hands after working on his motorcycles. When he couldn’t find one, he decided to make his own. The solution he created is an industrial-strength hand soap that uses dirt as an active grease remover.
Bryce discovered that massaging his greasy hands in the soil before washing them was the best way to remove grease and oil from his skin.
Each bottle of Grip Clean contains a significant amount of high-quality dirt. Although Bryce still rides, the physical strain of motocross is causing him to consider focusing on building his own business rather than competing in motorcycle jumps.
Grip Clean Shark Tank pitch?
In Season 7, Episode 8 of Shark Tank, Bryce Hudson, a professional motocross rider, presented his all-natural industrial-grade hand soap called Grip Clean. He requested $85,000 in exchange for a 20% stake in the company, which was valued at $425,000.
Despite the fact that he had no revenue at the time, Bryce pitched his product successfully, emphasizing its unique selling proposition: a natural soap made from dirt, coconut, and olive oil. Lori Greiner, one of the Sharks, offered Bryce $85,000 for 35% of the company, which he accepted on the show.
However, the deal with Lori was never finalized after the show aired. Nevertheless, Bryce went on to sign distribution agreements with several major retailers, including Cycle Gear, Advanced Auto Parts, and CarQuest. Grip Clean is also available for purchase on its website and on Amazon.
As of December 2021, Grip Clean has generated $3 million in annual revenue, making it a successful venture for Bryce.
Competitors of Grip Clean
Grip Clean has many competitors in the market place. These are; Kingman Industries, Inc., Frannie Fabulous Inc., David Natural Toothpaste and Smith Family Handmade Soap.
Net Worth of Grip Clean
The valuation of the company was $425,000 during the pitch. Since then the company have been performing well in sales with annual revenue of $3 million in 2021. This justify that the company net worth had elevated.
Grip Clean FAQs
What is Grip Clean?
Grip Clean is a natural, plant-based hand cleaning product designed for sports, athletes, and busy families. It is easy to use and comes in a convenient package.
There are no harsh chemicals used in the production of the product. Dirt is included in the Grip Clean solution. The soap is entirely made of natural ingredients.
Who is the inventor?
Grip Clean is an invention of Bryce Hudson. He’s a professional motocross rider who also founded a soap manufacturing company named Grip Clean.
How much was asking on Shark Tank?
Bryce was asking for $85,000 for 20% stake of his business which was worth $425,000.
Did he have the deal?
Yes, Bryce Hudson gets a deal with Lori Greiner for $85,000 for 35% of the company. But the deal was never completed.
Is Grip Clean still in business?
Yes, Grip Clean is still in business with annual revenue of $3 million as of December 2021.
Where is the headquarters of Grip Clean?
The headquarters of Grip Clean are located at 41615 Date St Murrieta, CA 92562-6997 in the United States.
What is the industry of Grip Clean?
Grip Clean is in the Soap, Cleaning Compound, and Toilet Preparation Manufacturing business.
What is the phone number for Grip Clean?
The phone number for Grip Clean is (951) 389-8779.
What is the website of Grip Clean?
The website for Grip Clean is www.gripclean.com and external web page new window is opened.
Grip Clean employs how many people?
Grip Clean employs four people.
Grip Clean was founded in what year?
Grip Clean began operations in 2014.
How does Grip Clean work?
The product is dirt and grease absorbed by the dirt itself. The dirt cleanses polishes, and freshening hands. Dirt dissolves grease and oil. It has a fresh citrus scent that isn’t overwhelming.
Is Grip Clean legit?
Grip Clean is legitimate since it is a brand of Bryce Hudson. The company manufactures soap that’s been in use for 7 years without any issues.
What is the revenue of Grip Clean?
Grip Clean generates annual revenue of $3 million in 2021.
How do I buy for Grip Clean?
Customers can order Grip Clean online on Amazon or visit the company website at www.gripclean.com for more information.
What is the net worth of Bryce Hudson?
Bryce Hudson net worth is estimated at $17 Million.