Little Burros after Net Worth
Little Burros is a company that appeared on Shark Tank and creates organizers for tools on the farm.
The net worth of Little Burros at the time of their pitch was valued at $2.5 million, but as of 2022, the founder Bob Thorsen and Mollie Thorsen have a net worth of $800,000 USD.
Two years after turning down Shark Tank deals, Little Burro is still in operation and conquering the retail scene.
What is Little Burros and Who is the founder of Little Burros?
Little Burros is a gardening accessory that can be attached to a wheelbarrow to provide extra storage for tools, beverages, and other items. The Original Little Burro and the smaller Burro Buddy were created by Bob Thorsen and his daughter Mollie Thorsen from Alexandria, Virginia.
Bob came up with the concept while helping his wife in the garden, and they worked with an industrial designer to create the product. The Original Little Burro quickly became successful, receiving multiple design awards.
The Original Little Burro is priced at $52.99, while the Burro Buddy costs $39.99. Both products are available for purchase on Amazon and in various home improvements retailers such as Home Depot, Lowes, and ACE Hardware.
In memory of their daughter Becca, who was an anti-human trafficking advocate and passed away, the Thorsens transferred all of Becca’s 10% stake in the company to the A21 organization, which is dedicated to eradicating human trafficking. The Thorsens took a step back from the business following Becca’s death.
Little Burros Shark Tank pitch
Bob and Mollie Thorsen, the father-daughter team behind Little Burros, pitched their gardening accessory brand on Shark Tank in episode 1121.
They were seeking a $250,000 investment for a 10% stake in their $2.5 million company. During the pitch, the Sharks raised some doubts, and ultimately, both Kevin and Lori’s offers were rejected, and no deal was made.
Despite not securing a deal, Little Burros continued to grow and expand their reach. They made their product available at retailers such as Sam’s Club, Home Depot, Tractor Supply Co., and Amazon, and experienced a significant increase in online sales during the Covid-19 lockdowns.
The company reported a fourfold increase in sales compared to the previous year in the month the Shark Tank episode aired. As of February 2022, Little Burros is still in business and generating $1 million in yearly sales.
Net Worth of Little Burros
The net worth of Little Burros at the time of their pitch on Shark Tank was valued at $2.5 million. However, as the company is still in operation, it’s likely that its current net worth is higher than what was stated during the pitch.
Competitors of Little Burros
The main competitor of Little Burros is Buckfast Wheel Barrow.
Little Burros FAQs
What is Little Burros?
Little Burros is a wheelbarrow gardening accessory that is capable of storing anything you may need in the garden. It’s more than just a wheelbarrow and can be used before work, after work, during work, and while you’re watching the game.
Who is the founder?
The Little Burros founder is Bob Thorsen who along with his two daughters Mollie and Claire started the company.
How much were they seeking on Shark Tank?
They were seeking for $250,000 for 10% stake in the company which was worth $2.5 million.
Did they have the deal?
No, they did not have the deal as they rejected both offers.
Is Little Burros still in business?
Yes, Little Burros still in business as of February 2022.
What is the price of a Little Burros?
The price for a Little Burros is $39.99 and for the Burro Buddy it is $19.99.
Where is Little Burros produced?
Little Burros is manufactured in the United States of America and assembled in the same facility that produces the Big Man Wheelbarrows.
What is the shipping cost of Little Burros?
The regular shipping cost of Little Burros is $20.
How does Little Burros work?
The working of little burros is pretty simple. The main frame consists of 6 aluminum legs that are folded and unfolds by the press of a single button.
Once unfolded, the legs automatically lock into each other and create a sturdy stand to hold the platform in place.
The aluminum legs are lined with rubber pads that prevent any damage done to the lawn or garden while you are moving heavy items around it.
What is the return policy of Little Burros?
If customers are not satisfied with their Little Burros product, they may return it within 30 days of purchase.
What is the Little Burros Warranty?
Little Burros is covered under a limited lifetime warranty that covers all the frames and welds. The product will be replaced or repaired at the company’s discretion if defects are found to exist in workmanship and materials.
However, this is valid only when the product has been used as recommended.
What is Little Burros comprise of?
Little Burros consist of 1 Little Burros wheel barrow 3 large pockets; 2 medium size pockets; and 4 small pockets.
How to use Little Burros?
Little burro is very easy to use. All user need to do is just unfold it, place the wheel barrow where they want to use it, and the wheel barrow is ready.
They can put their wheel barrow on lawn or garden or wherever they want to work on it. Once they finish with their work, fold it again and place it somewhere else.
How do I pay for Little Burros?
There are 3 ways to pay: 1) Use Amazon Pay 2) Enter your card details on Amazon.com and click on “Place the order and pay later” 3) Use any credit/debit card.
How long will Little Burros take to be delivered?
The delivery of Little Burros depends on the shipping option that you choose. The product will be shipped within 24 hours of payment completion.
What is the net worth of Bob Thorsen?
The net worth of Bob Thorsen is not available.