Guzzle Buddy’s Net Worth

Guzzle Buddy is a patented wine glass that attaches to an open bottle of wine via a single screw, eliminating the need to pour the wine into a glass and cork and uncork the bottle. Guzzle Buddy was founded by Jennifer Sullivan and Randy Rothfus.

They appeared on Shark Tank in search of $400,000 in exchange for a 10% stake in their firm, which equates to a $4 million valuation.

Daymond John invested $400,000 for a 25% stake in the company. However, according to the Shark Tank Blog, the deal was never closed. Despite this setback, Guzzle Buddy is still in business today with yearly revenues of between $1 and $2 million.

Guzzle Buddy’s estimated net worth in 2022 is $2 million annually. The founders of Guzzle Buddy have a net worth of 4 Million USD as of 2022.

What is Guzzle Buddy and Who is the Founder of Guzzle Buddy?

Guzzle Buddy is a unique wine glass that can be screwed onto an open wine bottle, eliminating the need to pour the wine into a glass and uncork and re-cork the bottle.

The company was co-founded by siblings Randy Rothfus and Jennifer Sullivan, who have known each other since elementary school and are both wine enthusiasts.

Jennifer got the idea for the product after seeing a character on a sitcom drinking wine directly from a bottle attached to a glass, but she couldn’t find such a product on the market.

Together, they developed the concept for months until they created the Guzzle Buddy, which is made of borosilicate glass and comes in nine different designs.

After launching the product on Amazon, they sold out of their entire inventory within days, leading them to transition to full-time manufacturing. Guzzle Buddy debuted in October 2016 and retails for $24.99 on Amazon.

Guzzle Buddy Shark Tank Pitch

During Shark Tank season 9 episode 18, Jennifer and Randy pitched their Guzzle Buddy product in hopes of securing $400,000 for a 10% stake in their company. They gave a presentation and allowed the Sharks to try their product, which received positive feedback.

When Kevin asked about the company’s value, the couple revealed that they had generated over $1.4 million in sales in 10 months due to a viral tweet. The Sharks expressed concerns, and one by one, they dropped out of the deal.

Lori was the final Shark remaining and offered them $400,000 for 20% ownership, which they accepted. However, Daymond retracted his earlier offer and presented them with $400,000 for a 25% stake. They chose Daymond’s offer, but the deal never came to fruition.

Since appearing on Shark Tank, Guzzle Buddy has introduced plastic versions of their product, and numerous knockoffs have entered the market, resulting in slightly lower costs for Guzzle Buddy. The company also offers personalized versions of its product with custom designs.

As of June 2021, Guzzle Buddy is still in business, with yearly revenues ranging from $1 to $2 million.

What is the Net Worth of Guzzle Buddy?

Jennifer and Randy appeared on Shark Tank in search of $400,000 in exchange for a 10% stake in their firm. This equates to a $4 million valuation.

They accepted an offer from Daymond of $400,000 for a 25% stake which brings the valuation to $1.6 million.

The current valuation must be higher than the one they accepted on the Shark Tank since the Company has grown.

Who are the Competitors of Guzzle Buddy?

Guzzle Buddy has numerous competitors in the market, but the one that comes closest to their product is called the Red Solo Cup.

Guzzle Buddy Shark Tank Updates

Guzzle Buddy is a wine glass that attaches to the opening of a wine bottle, making it a novelty gift for wine lovers. The founders of Guzzle Buddy, Randy Rothfus and Jennifer Brick-Sullivan, appeared on Shark Tank in 2018 to pitch their product.

They asked for $400,000 for 10% of their business, and Daymond John offered $400,000 for 25%, but the deal never closed.

Despite the setbacks, Guzzle Buddy is still in business and has annual revenue of $2 million. Several poorly made knock-offs have entered the market, so Guzzle Buddy dropped their prices a little and introduced customized products for gifts or promotional items. The company also added plastic versions of their products.

As of January 2023, Guzzle Buddy is still in business and has between $1-$2 million in annual sales. The original Guzzle Buddy glass is $17.99 on the company’s website.

Guzzle Buddy has become a success via social media, and its increased accessibility has increased its appeal. It is unclear whether the Guzzle Buddy will be available outside of the United States.

Guzzle Buddy Shark Tank Table Summary:

CATEGORY	INFORMATION
Product	Guzzle Buddy is a unique wine glass that can be screwed onto an open wine bottle, eliminating the need to pour the wine into a glass and uncork and re-cork the bottle. The glass is made of borosilicate and comes in nine different designs.
Founders	The company was co-founded by siblings Randy Rothfus and Jennifer Sullivan.
Shark Tank Pitch	They appeared on Shark Tank in season 9, looking for $400,000 in exchange for a 10% stake in their company. Daymond John offered $400,000 for a 25% stake, but the deal was never closed.
Net Worth	Their estimated net worth in 2022 is $2 million annually, with the founders having a net worth of $4 million USD.
Competitors	Guzzle Buddy’s closest competitor is the Red Solo Cup.
Updates	Guzzle Buddy is still in business with yearly revenues of between $1 and $2 million. It offers customized products and plastic versions of their original product.
How It Works	Guzzle Buddy is a wine glass that screws directly onto a wine bottle, made of borosilicate glass, and costs $17.99.

Guzzle Buddy FAQS

What Is Guzzle Buddy And How Does It Work?

Guzzle Buddy is a drinkware company that produces a wine glass with a screw bottom that plugs directly into a bottle.

The Guzzle Buddy is made from strong borosilicate glass and 100% silicone. To use it, one needs to open their favorite bottle, insert the Guzzle Buddy by screwing it directly into the top of the bottle, and tilt the bottle to drink normally, with no splash or mess.

The Guzzle Buddy is designed to aerate wine. The Sharks on Shark Tank, however, saw it as a novelty item that would need a valve system to work properly. Despite this, Guzzle Buddy has been successful, with the original Guzzle Buddy glass available for purchase on their website for $17.99.

Guzzle Buddy has faced competition from poorly made knockoffs, but they have responded by dropping their prices a little and introducing customized products for gifts or promotional items.

As of January 2023, Guzzle Buddy is still in business and has between $1-$2 million in annual sales. They have also expanded their offerings to include the Guzzle Buddy Beer Bottle and a plastic model at a lower price point.

Customers can now customize their Guzzle Buddy products as well. The Guzzle Buddy has been featured on Shark Tank and is one of the most popular products of all time.

What Is The Material Of Guzzle Buddy?

According to the Guzzle Buddy website, the original Guzzle Buddy wine bottle glass is made from borosilicate glass and uses a 100% silicone sleeve that screws gently into most bottles to provide a perfect seal. The sleeve is also made from 100% silicone.

Borosilicate glass is known for its durability and resistance to thermal shock, making it ideal for use in drinkware. The company also offers a plastic version of the Guzzle Buddy made from Tritan, which is a high-quality copolyester BPA-free material.

The plastic version is marketed as unbreakable and dishwasher safe. In summary, the material of the original Guzzle Buddy is borosilicate glass with a 100% silicone sleeve, while the plastic version is made from Tritan.

Who is the founder of Guzzle Buddy?

Randy Rothfus and Jennifer Sullivan are the founders.

What Was The Outcome Of The Guzzle Buddy Shark Tank Pitch?

Guzzle Buddy appeared on Shark Tank in season 9, episode 18, where the founders, Jennifer Jo Sullivan and Randy Rothfus, pitched their product to the sharks. They were seeking $400,000 in exchange for 10% equity.

The sharks were impressed with the sales numbers, and Daymond John invested $400,000 for 25% equity in the company. Guzzle Buddy had generated more than $1.4 million in gross sales in its first ten months of existence.

The company has since expanded its offerings to include a plastic model and a beer bottle version. Despite facing competition from poorly made knockoffs, Guzzle Buddy is still in business and has between $1-$2 million in annual sales as of January 2023.

Did Guzzle Buddy Get A Deal On Shark Tank?

Yes, Guzzle Buddy did get a deal on Shark Tank. During their Season 9 appearance on the show, Guzzle Buddy co-founders Jennifer Sullivan and Randy Rothfus were seeking $400,000 in exchange for 10% equity.

Daymond John invested $400,000 for a 25% stake in the company.

Despite the skepticism of the other Sharks, Guzzle Buddy became a success via social media and has since expanded its offerings to include customized products for gifts or promotional items, plastic models, and a beer bottle version. The company has between $1-$2 million in annual sales as of January 2023.

What Happened To Guzzle Buddy After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Guzzle Buddy became an instant viral hit and wine lovers everywhere wanted one for the novelty as much as the utility.

The first Guzzle Buddies became available to the public in 2016 and became a success via social media. Despite facing competition from poorly made knockoffs, Guzzle Buddy is still in business and has between $1-$2 million in annual sales as of January 2023.

They have also introduced customized products for gifts or promotional items and dropped their prices a little due to competition from poorly made knockoffs.

The original Guzzle Buddy glass is available for purchase on their website for $17.99. The company has also expanded its offerings to include a plastic model and a beer bottle version.

How much does Guzzle Buddy cost?

Each one retails for $24.99 on Amazon.

What is Guzzle Buddy made of?

The product is BPA-free, dishwasher safe and constructed of borosilicate glass 100% silicone.

How much were they seeking in the Shark Tank?

They were seeking $400,000 in exchange for a 10% stake in their firm. This equates to a $4 million valuation.

When was Guzzle Buddy invented?

Guzzle Buddy was officially launched in 2016.

What is the website for Guzzle Buddy?

The firm’s website is www.guzzlebuddy.com.

How many stores does Guzzle Buddy sell in?

The product sells on Amazon, Walmart, Kmart, Brookstone, and Joyus.

How much money has Guzzle Buddy made?

The judges debated whether the Guzzle Buddy, which earned $1.4 million in revenues during the first ten months of 2017, was worth the investment.

Rothfus and Sullivan put their wares to the test and had the judges sip from the bottle.

Is the Guzzle Buddy real?

The Guzzle Buddy is constructed entirely of borosilicate glass and silicone.

Can the Guzzle Buddy break?

Yes, it is possible for it to break. That is a glass.

Where does their Guzzle Buddy ship from?  

They ship from the good ol’ United States of America! To be precise, Portland, Oregon.

How do they clean Guzzle Buddy?

Just put it in the dishwasher top rack overnight, and it’s sparkling clean the next morning.

What methods of payment do they accepts?

The firm accepts Amazon Payments, PayPal, and major Credit Cards.

How can they place an order?

They can order Guzzle Buddies from the official website.

What is Guzzle Buddy return policy?

They are delighted to provide a 30 day return policy. Kindly contact them through email to get a return label.

All product must be returned in the same condition in which it was received, including with the original packaging.

All return shipping expenses are the responsibility of the customer.