Hairy Grabster Shark Tank Net Worth 2023
The Hairy Grabster company was worth $375,000 when it was evaluated during and after the pitch.
As of December 2021, the company is still in operation, and therefore, it is possible that its net worth has increased since the original valuation.
What is Hairy Grabster? Who is the founder of Hairy Grabster?
Hairy Grabster is a company based in Illinois that offers a solution for cleaning up unwanted hair in the bathroom sink or shower.
The device works by simply swiping your hands over the Hairy Grabster, which grasps the hair and keeps it from going down the drain.
The creators of the Hairy Grabster are Patricia Watne and Andrew Watne, who founded the company after working in different fields for many years.
Patricia previously worked in sales and design for Mitchell’s Flowers, Inc. before starting her own company, The Watne Group LLC, in 2018. Andrew, on the other hand, began his career as an options trader before working as a project manager for various companies.
The idea for the Hairy Grabster came from Andrew’s concern about the amount of hair that was getting stuck on their shower wall and floor.
After realizing that this was a common problem, especially for people with longer hair, the couple decided to create a solution. They developed several prototypes before finally inventing the Hairy Grabster.
The product is a small silicone pad with suction cups that can be mounted to the shower wall. It has small bristles that grip the hair and keep it in place when you swipe your palm over it.
Once you’re done showering, you can simply pluck the hairs off and throw them away. The Hairy Grabster is available for purchase on Amazon for $9.99.
Hairy Grabster Shark Tank Pitch
Andy and Patty Watne, the creators of Hairy Grabster, made an appearance on episode 18 of season 12 of Shark Tank. They pitched their product to the Sharks, hoping to secure a deal that would help them expand their distribution.
Hairy Grabster is a solution to the common problem of hair clogging shower drains. Andy and Patty were seeking a $75,000 investment for a 20% stake in their company, which was valued at $375,000.
During their pitch, Andy used an Alfred Hitchcock-inspired approach, demonstrating the product’s effectiveness while Patty screamed in the background. They explained their background and the need for a product like Hairy Grabster.
The product is priced at $9.99, with a production cost of $1.30 each. However, they had only generated $600 in sales so far and their Facebook advertising was not yielding a profitable return on investment. They hoped to use the investment money for marketing purposes.
The Sharks had mixed reactions to Hairy Grabster. Kevin mentioned a similar product, Drainwig, that consumers dispose of after use, and he ultimately decided not to invest due to a conflict of interest. Daymond believed there were several issues to work out and decided not to invest. Barbara did not see the problem as significant enough and also declined to invest.
Lori felt the product was too niche for her, and Mark did not think influencer marketing was a suitable approach for him. Ultimately, the Sharks did not make a deal with Andy and Patty.
Despite not securing a deal, the exposure from their appearance on Shark Tank resulted in a surge in sales for Hairy Grabster, with over 2,000 units sold after the episode aired. As of December 2021, the company is still in business.
Net Worth Hairy Grabster
The company was valued at $375,000 during and after the pitch. Since then the company is still operating as of December 2021 and hence the company net worth might had elevated.
Hairy Grabster Shark Tank Summary:
INFORMATION | DETAILS |
Company name | Hairy Grabster |
Location | Illinois, USA |
Founder | Patricia Watne and Andrew Watne |
Product | Solution for cleaning up unwanted hair in the bathroom sink or shower |
Shark Tank Appearance | Episode 18 of Season 12 |
Valuation | $375,000 |
Investment sought | $75,000 for a 20% stake in the company |
Sales at the time of Shark Tank appearance | $600 |
Units sold after Shark Tank | Over 2,000 |
Net worth (estimated) | Likely increased since the original valuation |
Cost to produce | $1.30 |
Retail price | $9.99 |
Units in storage | Around 5,000 |
Current status | Still in business as of January 2023 |
Website | https://hairygrabster.com/ |
Key features | Small silicone pad with suction cups and small bristles that trap and hold the hair |
Hairy Grabster Shark Tank Updates
Hairy Grabster is a product that helps prevent hair from going down the drain while showering. The product was pitched by Andy and Patty Watne on Shark Tank Season 12 Episode 18, where they asked for $75,000 for 20% equity.
The product was created by The Watne Group LLC, which is a family business. The inspiration for Hairy Grabster came from pulling hair out of a clogged shower.
After appearing on Shark Tank, Hairy Grabster sold over 2000 units in the immediate aftermath of their original air date. As of January 2023, they are still in business. However, during their pitch on Shark Tank, they shared that they had only sold $600 worth of Hairy Grabsters at the time.
The product costs $1.30 to make and retails for $9.95. They have around 5,000 units in storage.
Hairy Grabster is still available for purchase on their website, where they offer free shipping in the US. The website claims that Hairy Grabster is the new and easy way to remove hair from your hands in the shower or bath. The product has hundreds of hair hungry bristles that trap and hold the hair.
Hairy Grabster FAQs
What Is Hairy Grabster Shark Tank?
Hairy Grabster is a product designed to prevent hair from clogging shower drains. It is a small, silicon pad that attaches to the shower wall with suction cups. The pad has little bristles on it that trap loose hair when a person swipes their hair-filled hand on it.
Hairy Grabster was created by Andy and Patty Watne, who formed their family business, The Watne Group LLC, as a product development company. Patty came up with the idea for Hairy Grabster after working for over thirty years in flower sales and design and pulling hair out of a clogged shower.
Hairy Grabster appeared on Shark Tank in season 12, episode 18, where the Watnes asked for $75,000 for 20% equity in their company. The Sharks did not invest in Hairy Grabster, but the product has continued to be sold on the company’s website.
Hairy Grabster is also available on Amazon and has received positive reviews from customers who say it works well and is easy to use.
How Does Hairy Grabster Shark Tank Works?
Hairy Grabster is a product that was pitched on Shark Tank by Andy and Patty Watne, the founders of The Watne Group LLC. The product is a small silicon pad that attaches to the shower wall with suction cups.
It has little bristles on it that grab hair when you swipe a hand with hair on it, keeping the hair in place. The inspiration for Hairy Grabster came from pulling hair out of a clogged shower drain.
Hairy Grabster works as advertised. The product’s website explains that after shampooing/conditioning, you swipe each hair-covered hand over the HairyGrabster to remove hair from your hands. The product is available for purchase on the Hairy Grabster website, and it comes with free shipping in the US.
What Is The Current Valuation Of Hairy Grabster Shark Tank?
The current valuation of Hairy Grabster Shark Tank is estimated to be between $350,000 and $375,000. Shark Tank Talks estimated the net worth of Hairy Grabster to be $350,000 based on the 2021 sales report.
Geeks Around Globe reported that the founders of Hairy Grabster, Andy and Patty Watne, have a net worth of $1 million as of 2022. BizNewsKE reported that the Hairy Grabster company was worth $375,000 when it was evaluated during and after the pitch in April 2023.
It is important to note that the valuation of Hairy Grabster may have changed since the original evaluation. However, the company is still in operation as of December 2021. Hairy Grabster is a solution to prevent hair from going down the drain while showering.
It is a unique product that works to prevent blockage of the drain due to hair loss during shampooing. The product is from Watne Group LLC, a family business founded by Andy and Patty Watne.
What Happened To Hairy Grabster Shark Tank?
Hairy Grabster is a product that helps prevent hair from clogging shower drains. The product was pitched on Shark Tank Season 12 Episode 18 by Andy and Patty Watne, who asked for $75,000 for 20% equity in their family business, The Watne Group LLC. The product received no deal from the Sharks.
After the episode aired, Hairy Grabster sold over 2000 units. As of January 2023, the company is still in business and selling the product. However, during the pitch, Andy and Patty shared that they had only sold $600 worth of Hairy Grabsters.
The product cost $1.30 to make and retailed for $9.95, and that the company had around 5,000 units in storage.
In summary, Hairy Grabster is still in business and selling the product, but it did not receive a deal from the Sharks. The product sold over 2000 units after the episode aired, but during the pitch, the company had only sold $600 worth of the product.
What is Hairy Grabster?
Hairy Grabster is a firm that sells a device that assists with cleaning up unwanted hairs in the bathroom sink or shower by just swiping your hands over the Hairy Grabster, which will grasp the hair and keep it away from the drain.
Who is the founder?
Patricia Watne and Andrew Watne, who live in the state of Illinois, are the creators of Hairy Grabster.
How much were they asking on Shark Tank?
They were asking for $75,000 for a 20% stake in their firm, which is valued at $375,000.
Did they have the deal?
No, they didn’t strike a deal.
Is Hairy Grabster still in business?
Yes, they are still in business as of December 2021.
How many units were sold?
In total, the company sold over 2000 units in the immediate aftermath of their original episode airing on shark tank and hence the company net worth might had elevated as well.
Where is Hairy Grabster located?
The company is situated in the state of Illinois.
How much are they selling the Hairy Grabster for on Amazon?
They sell it for $9.99 on Amazon.
Is Hairy Grabster successful?
They are making positive revenue nowadays and thus are quite successful.
When was the Hairy Grabster established?
The company was established in 2018.
What is the Hairy Grabster website?
The Hairy Grabster website is https://www.hairygrabster.com/.
Where can I purchase the product?
Customers can purchase the product on their official website as well as on Amazon, Walmart and eBay amongst other reputed e-commerce sites.
Is Hairy Grabster ship?
Yes, it is, and the product can be shipped all across the USA.
What is Hairy Grabster shipping?
Hairy Grabster offers FREE standard shipping for all orders on Amazon.
What is the return policy?
The company offers a 30-day money back guarantee for the customers who are not satisfied with their product.
How to use Hairy Grabster?
Take out the suction cup, attach it to their shower / bathroom wall and wrap their hand around the hair grabber and it will do its job.
Why should you buy Hairy Grabster?
Makes all their worries of a hairy sink or shower a thing of the past.
What makes Hairy Grabster unique?
It is a good way to get rid of all the hair one have.
How Hairy Grabster does make money?
The company is making money by the sale of the product.
Is Hairy Grabster good?
Yes, it is a good idea to buy it.
Does Hairy Grabster work?
Yes, it does work as expected.
How does Hairy Grabster work?
When the suction cup is attached to their shower / bathroom wall and wrapped around their hand all the hair is caught by the suction cup. Then when one swipes their hand over it, it will grasp their hair and keep it within its grasp.
Where to buy Hairy Grabster?
Customers will find this product on Amazon, Walmart and eBay among other reputed e-commerce websites.
What are the payment methods of Hairy Grabster?
Cash on Delivery, Cash on Delivery, Credit Card Payment, Debit Card Payment and E-Check Payment are the payment methods accepted by the company.
Is glue required to secure it to the wall?
There is no need for adhesive. The suction cups will keep the Hairy Grabster firmly attached to the wall.
What is it clinging to?
Glass, ceramic tile, and porcelain will not be harmed by the Hairy Grabster. Both the suction cup surface and the shower wall must be clean. If the shower wall is not clean, their Hairy Grabster may slip while you use it.
What should I do to clean it?
Cleaning the Hairy Grabster is similar to cleaning a hair brush: gently take hair out of the bristles by dragging a finger or thin handle along the channels.
Cleaning is more effective when the hair is dry. If a brush cup comes out of the back plate while cleaning, just put it back into place afterward.
How long will it take to arrive?
Almost every order they get is mailed out from Illinois within 24-48 hours. Most consumers in the United States get their products within 3-5 business days of placing their order.
Overseas delivery should take 5-15 days. If their purchase has not arrived within 15 days, please contact them through email at customerservice@hairygrabster.com.
Is the Hairy Grabster available in a variety of colors?
Their order page displays the colors that are currently available. They’d love to hear their ideas for new hues. Please email the suggestions to pjwatne@hairygrabster.com.
Are there any discounts for larger orders?
Please contact us at info@hairygrabster.com or 630.506.1588 if they are interested in placing a wholesale purchase.
Is the Hairy Grabster available in stores?
Hairy Grabster is currently only accessible online. Please email info@hairygrabster.com or call 630.506.1588 for wholesale or distribution enquiries.
How can I remain up to date on your goods and special offers?
To receive discount coupons and updates on new colors and items, sign up for emails on their site and follow us on Facebook and Instagram.
What is the net worth of Andy Watne?
The net worth of Andy Watne is unknown.
What is the net worth of Patricia Watne?
The net worth of Patricia Watne is unknown.