Kwik Hang Shark Tank Net Worth 2023
Kwik Hang Shark Tank Net Worth
As of February 21, 2023, Derrek Burr’s net worth is estimated to be 8 million USD.
Derrek Burr, the founder of Kwik-Hang, has a net worth of 8 million USD as of 2022. Kwik-Hang was featured on Shark Tank USA in October 2017 and Derrek asked for an investment of $80,000 for a 20 percent equity.
Despite not receiving any offers from the Sharks, Kwik-Hang has grown and made over $8 million in the few short years since appearing on the show.
In 2017, Derrek added more sizes to the line and in 2018 he got his product into Home Depot stores across the US. He also won the U.S. Patriot Award for having a successful business despite being rejected by the Sharks.
What is Kwik Hang? Who is the Founder of Kwik Hang?
Kwik Hang is a unique curtain rod bracket that eliminates the need for wall drilling. Instead, it can be easily tapped onto the top of a window molding using a hammer, and the curtains can be hung in seconds.
Tom Burr, the father of Derrek Burr, founded Kwik Hang in 2013. Tom had created a cardboard prototype and approached several manufacturers until he found one willing to produce the product.
When Tom’s health began to deteriorate, he passed on ownership of the company to his son Derrek, who is a police officer and Marine Corps veteran and now runs the business.
The purpose of Kwik Hang is to simplify the task of hanging curtains, which can be a frustrating and time-consuming process. It often involves complicated measurements, tools, and easily lost components.
Derrek Burr, a police officer from North Attenborough, Massachusetts, took over the business from his father and is committed to its success.
He is also a Marine Corps veteran who was awarded the US Patriot Award in 2018 for his contribution to making Kwik-Hang a veteran-owned and operated business.
The product is a bracket with a unique design that can be easily nailed into the top of the window frame. It securely holds the curtain rod brackets, eliminating the need for screws in the wall.
Tom Burr’s idea inspired the creation of Kwik Hang, but sadly, he passed away from cancer.
Despite facing setbacks such as two unsuccessful Kickstarter campaigns in 2015 while fighting cancer, Derrek Burr chose to continue his father’s legacy and sought help from investors.
Today, Kwik Hang is available for purchase for only eleven dollars for a pair of standard brackets. There are various sizes available for different types of curtain rod installations, with prices ranging from $7 to $18.
Tom Burr patented Kwik Hang and acquired the necessary equipment to produce it on a small scale.
Kwik Hang Shark Tank Pitch
Derrek presented his father’s concept to the Shark Tank investors with the hope of gaining assistance in expanding the manufacturing capacity.
He requested an investment of $80,000 for a 20% stake in his $400,000 firm.
During his presentation, he demonstrated the strength of his product by suspending ten-pound potato sacks from each bracket and distributing samples to the Sharks.
During the questioning, Lori inquired why there weren’t additional sizes, to which Derrek responded that it was feasible, but he wasn’t prepared for it yet.
He revealed that the sales in the last three years totaled $120,000, with $42,000 coming in 2016.
When Kevin asked who would manage the firm, Derrek stated that he would resign from his full-time job as a police officer if a deal was made.
The Sharks had mixed reactions to Derrek’s pitch. Mark believed that the concept was uninvestable, while Lori suggested that Derrek should license the product before releasing it.
Daymond advised Derrek to expand the firm gradually before quitting his job, and Robert thought that the pricing points were too low.
Ultimately, none of the Sharks made a deal with Derrek. Despite this setback, he continued to sell his products through his firm and expanded the range by adding more sizes.
In 2018, his product was distributed in over 5000 ACE Hardware Stores and was also made available in Home Depot, Walmart, and Amazon.
While the firm has patents for its product, there are low-cost knockoffs available, and the corporation is constantly working to remove them from Amazon.
As of 2021, the lifetime sales of the product exceeded $8 million, and the firm generated around $1 million in revenue every year.
Net Worth of Kwik Hang
During the Shark Tank pitch, the company was valued at $400,000, and since then they have made a lot of sales with annual revenue of $1 million.
This means that the company’s net worth has also increased.
Kwik Hang Shark Tank Updates
Kwik Hang is a company that manufactures a unique bracket to hang curtains without drilling or hammering into the wall. The bracket is designed to fit on top of a wooden window frame and can be installed easily.
Derrek Burr, the founder of Kwik Hang, appeared on Shark Tank in Season 9 and asked for an investment of $80,000 for a 20% equity. However, he did not secure an offer from any of the sharks.
Despite this, Kwik Hang has been successful and has expanded its product line to include various curtain rods and curtain holdbacks. The company has made over $8 million in the few short years since the show.
Since appearing on Shark Tank, Kwik Hang has been featured on The Today Show and has expanded its product lines. In, Kwik Hang got distribution in over 5000 ACE Hardware Stores and can now be found in Home Depot, Walmart, Amazon, and many other locations.
Derrek Burr has developed his product further by adding different sizes of brackets. Kwik Hang is still in business and thriving.
Kwik Hang did not secure an investment from any of the sharks on Shark Tank, but the company has been successful and has expanded its product line.
Kwik Hang can now be found in many locations, including Home Depot, Walmart, and Amazon. The company has made over $8 million in the few short years since the show.
Kwik Hang Shark Tank Net Worth 2023
| TOPIC | INFORMATION |
| Founder | Derrek Burr |
| Net Worth | $8 million USD (as of February 21, 2023) |
| Shark Tank | Appeared in October 2017, asked for $80,000 for a 20% equity but did not receive any offers |
| Kwik Hang Shark Tank Pitch | No offer from the Sharks |
| Product | Unique curtain rod bracket that eliminates the need for wall drilling |
| Company Valuation On Shark Tank | $400,000 |
| Purpose Of Kwik Hang | Simplify the task of hanging curtains |
| Tom Burr | Father of Derrek Burr and founder of Kwik Hang |
| Sales | Lifetime sales exceeded $8 million (as of 2021) |
| Revenue | Approximately $1 million every year |
| Company Growth | Added more sizes to the product line, got the product into Home Depot stores, and won the U.S. Patriot Award for having a successful business despite being rejected by the Sharks |
| Competitors | Low-cost knockoffs available |
| Updates | Kwik Hang has expanded its product line to include various curtain rods and curtain holdbacks, got distribution in over 5000 ACE Hardware Stores |
What Happened To Kwik Hang After The Shark Tank?
Kwik-Hang is a company that offers easy-to-install curtain rod hangers and appeared on Shark Tank in 2017 seeking investment in exchange for equity.
Although the sharks were impressed with the product, they did not make a deal with Derrek Burr, the entrepreneur behind Kwik-Hang, because the business was too small for a big investment.
However, the appearance on the show caught the interest of many, and the business received more positive reviews, which helped increase sales.
Since appearing on Shark Tank, Kwik-Hang has been featured on The Today Show, and its product lines have expanded to include curtain rods and curtain holdbacks. The company has made over $8 million in the few short years since the show.
Kwik-Hang can be purchased on its website or on Amazon. The business continues to flourish today and has mostly positive reviews. Even if there are any unsatisfied customers, they can get a full refund if returned within 30 days.
What Was The Main Reason For The Sharks Rejecting Kwik Hang’s Idea
The main reason for the sharks rejecting Kwik Hang’s idea was that the business was too small for a big investment. The sharks were impressed with the ease of use of the product, but they did not invest in the company.
However, the appearance on the show caught the interest of many and helped increase positive reviews for the product.
How Has Kwik Hang Expanded Since Appearing On Shark Tank?
Since appearing on Shark Tank, Kwik Hang has expanded its product line to include curtain rods and curtain holdbacks. The company has been featured on The Today Show and has been recognized as one of the “16 Shark Tank home products that are actually useful”.
Kwik Hang has also experienced significant growth, making over $8 million in just a few short years since the show. Customers can purchase Kwik Hang products on its website or on Amazon.
What Is Kwik Hang?
Kwik Hang is a unique curtain rod bracket that allows you to hang curtains without drilling holes into walls. Instead, you can simply tap the Kwik Hang bracket with a hammer on top of a window molding and hang your curtains within seconds.
Kwik Hang’s patented curtain rod bracket design is sturdy enough to hold up to 20 pounds and withstand wear and tear from pets or children. This family-owned and operated product is made in the USA.
Kwik Hang has been featured on the popular show Shark Tank and received positive reviews from the Sharks. The product comes in different varieties, including single curtain rods, single-center support rods, and double-curtain support rods.
Kwik Hang is designed to be a simple, stylish solution to a stressful household task, solving a problem that has persisted for decades.
Kwik Hang is ideal for anyone who wants to avoid creating a mess or drilling holes in the walls for curtain installation. The product is affordable, considering its functionality and ease of use.
It offers numerous colors and designs, blending seamlessly with the home’s décor. Most homeowners are the target market for this product, and almost all customers are satisfied with its use.
Who Is The Owner Of Kwik Hang?
Kwik-Hang is a company owned by a family and veteran-run business that offers no-drill curtain rod brackets.
Tom Burr, the founder of the company, created the first Kwik-Hang prototype out of a folded piece of cardboard in 2013 to solve the common household chore of hanging curtains without damaging walls.
His son, Derrek Burr, a police officer, and Marine Corps veteran, now runs the company after Tom Burr passed the business to him when his health began to fail. Kwik-Hang has expanded its product offerings to include curtain rods and new colors.
The company’s no-drill curtain rod brackets have revolutionized the DIY home decor industry. Derrek Burr pitched the product on ABC’s Shark Tank in October 2017 but did not secure a deal.
However, he went on to sell the product himself and has since sold over $8 million worth of Kwik-Hang products.
Derrek Burr and his wife Chelsea were also featured on HGTV’s Self-Made Mansions in February 2021, where they searched for their dream home with host and lifestyle expert Clinton Kelly.
What Is Derek Burr Offer On Shark Tank?
Derrek Burr appeared on the ninth season of Shark Tank to present his product, Kwik-Hang. Kwik-Hang is an innovative solution for hanging curtains that eliminates the need for nails, screws, and measuring.
Burr was seeking $80,000 for 20% equity in his business, but he did not receive an investment from any of the sharks. Despite not securing a deal, Kwik-Hang has become a successful business.
Burr expanded his product line by adding different sizes of brackets and got the Kwik-Hang brackets into 500 hardware stores, selling millions of dollars worth of Kwik-Hang. The company has also expanded into selling curtain rods in different sizes.
Burr is a Marine Corps veteran and a current police officer. In 2018, he won the US Patriot Award, which recognized Kwik-Hang as a veteran-owned and employed business. Burr took over his father’s business, which was started in 2013 by his father who recently passed away.
Burr was on Shark Tank hoping to scale his father’s business. Despite not receiving an investment from the sharks, Burr had faith and conviction in his product, which has become a successful business.
Can Derek Burr Curtain Rods Hang On Window Frames?
Kwik-Hang is a company that produces an innovative bracket for hanging curtains without the need for drilling or hammering into the wall.
These brackets are designed to fit on top of a wooden window frame, and the company has also expanded to sell various curtain rods that can fit into these brackets. However, the type of curtain rod and window style can affect the placement of the rod.
As explained in an article, the height of the rod should be determined by the type of curtain being installed.
It suggests measuring and marking the location of the hangers on the wall, then driving screws into the wall and positioning the hanger. It is possible that this method could be used for hanging curtains inside the frame.
Hanging curtains inside window frames can be easier than hanging them outside for one reason: tension rods. Tension rods are telescoping rods that can be installed between two flat surfaces, making them ideal for hanging curtains inside window frames.
Companies like Zebra Blinds sell curtains with brackets that can be mounted inside window recesses.
Kwik-Hang curtain rods can hang on window frames, but the type of curtain rod and the style of the window can affect the placement of the rod. Tension rods are a good option for hanging curtains inside window frames.
What Was The Sharks’ Feedback On Kwikhang During The Pitch?
During his pitch on Shark Tank in Season 9, Derrek Burr did not receive an investment for KwikHang from the sharks.
Although they were impressed with the product’s strength and ease of use, they had concerns about the company’s pricing and scalability. Nevertheless, Burr continued to develop his product further by adding different sizes of brackets and expanding his product line.
What Are Some Of The Kwik Hang Company’s Recent Successes?
Kwik Hang is a family-owned company that manufactures curtain rods and brackets that don’t require drilling or holes in walls.
The company offers patented curtain rods and brackets that have a set of pins that attach to the top of the window frame to secure it in place, as well as drapery holdbacks. Kwik Hang’s products are available in different varieties, including single-curtain rods, single-center support rods, and double-curtain support rods.
All of Kwik Hang’s products are made in the USA, ensuring their reliability and high customer satisfaction.
The founder of Kwik Hang, Tom Burr, created an innovative device to alleviate the common problem of hanging curtain rods without damaging walls. In 2014, he expanded his business by offering multiple products, including curtain rods, and even patented his curtain bracket design.
In 2016, the business was taken over by Tom’s son Derrek when he passed away. Derrek’s long-term goal is to expand the product line, including new sizes, colors, and curtain poles.
Kwik Hang gained attention after Derrek’s appearance on Shark Tank, where he pitched the product to investors. Although the company did not secure a deal, Kwik Hang continued to grow in popularity, receiving positive reviews for its easy installation.
Kwik Hang’s success has been recognized by the US Patriot Award, which Tom Burr received in 2018 for his work in making Kwik-Hang a veteran-owned and employed business. As of 2023, Kwik Hang’s net worth is estimated at around $8 million USD.
