Little Burros Shark Tank Net Worth (Before and After Shark Tank)

When The Little Burro appeared on Shark Tank in 2020, I was intrigued by their story. The founders, Mollie and Bob Thorsen, had a clear plan: no deal is better than a bad deal. The company, based in Alexandria, Virginia, created a tray that sits on top of a wheelbarrow to hold a phone, drink, and gardening tools.

Despite turning down two deals on the show, The Little Burro is set to launch in 1,200 Lowe’s hardware stores and is expected to be available in 1,100 Walmart stores. Their products, including the Burro Buddy and the Original Little Burro, are sold at TrueValue, Ace Hardware, Sam’s Club, and QVC. It’s inspiring to see the Thorsens sticking to their motto of saying no to things that could potentially be bad for their company’s cash flow.

Key Takeaways:

• Little Burros is a company that appeared on Shark Tank in 2020 and turned down two deals.
• Their products, such as the Burro Buddy and the Original Little Burro, are sold in major retail stores like Lowe’s, Walmart, TrueValue, and Ace Hardware.
• The Thorsens have a motto of saying no to things that could potentially be bad for their company’s cash flow.
• Little Burros has ambitious plans for the future, including introducing new gardening products.
• A portion of the company’s profit goes to the nonprofit organization A21 in honor of Mollie’s late sister.

The Journey of Little Burros

Little Burros has a fascinating history, starting from its humble beginnings in 2013. Founded by Bob and Mollie Thorsen, the idea for the product was sparked by a simple incident. While gardening, Sudie Thorsen, Bob’s wife, accidentally lost her phone. This incident led Bob to create a makeshift tray using cardboard and duct tape to hold gardening essentials, thus giving birth to the concept of Little Burros.

In 2020, the father-daughter duo showcased their innovative product on Shark Tank, seeking a $250,000 investment for 10% equity in their company. Although they did not secure the deal they were seeking, Little Burros experienced remarkable growth and success in the years that followed. Today, the products are available in major retail stores such as Lowe’s, Walmart, TrueValue, and Home Depot.

Little Burros’ expansion has been marked by the introduction of new products to their line. Their latest addition, the Burro Buddy, offers a smaller and more compact version of the original Little Burro. This expansion has positioned the company for further growth, with plans to introduce the Burro Buddy to Walmart shelves in 2023.

Year	Net Worth	Annual Revenue
2023	$1.65 million	$1 million

The Success of Little Burros

Little Burros has seen tremendous success in the market, with its innovative products gaining popularity among gardening enthusiasts. The company’s sales have been impressive, with an average of 2,500 units sold per month. This has resulted in significant profits for Little Burros, with sales generating $400,000 since the beginning of 2019.

The success of Little Burros can be attributed to its wide distribution network. The company has formed partnerships with major retailers such as Ace Hardware, Menards, and Target, expanding its reach and accessibility to customers. Additionally, the company’s online sales have experienced a significant boost, especially during the Covid-19 pandemic when people turned to gardening as a recreational activity. The convenience and functionality of Little Burros’ products have resonated with customers, further contributing to its success.

Partnerships

Little Burros’ strategic partnerships have played a crucial role in its growth and success. By collaborating with reputable retailers, the company has been able to increase its visibility and establish a strong presence in the market. These partnerships not only provide Little Burros with more avenues for product distribution but also lend credibility to the brand.

Retailer	Number of Stores
Ace Hardware	1,200
Menards	850
Target	1,500

Little Burros’ commitment to offering high-quality, innovative products has cemented its position as a trusted brand in the gardening industry. With its strong sales and distribution network, the company is well positioned for further growth and success in the future.

Future Plans for Little Burros

Looking ahead, Little Burros has some exciting expansion plans in store. We are determined to continue growing our brand line by introducing new and innovative gardening products to meet the needs of our customers. Our goal is to provide practical and convenient solutions that make gardening easier and more enjoyable.

In addition to expanding our product line, we are considering various options for investment. While we haven’t made a final decision yet, we are exploring opportunities that align with our values and vision for the company. Our priority is to ensure that any investment we pursue will support our growth without compromising our commitment to providing high-quality products and exceptional customer service.

One thing that will remain unchanged is our dedication to producing our products in the United States. We take pride in supporting local manufacturing and maintaining control over the quality of our products. We believe that by keeping our production in-house, we can better serve our customers and deliver on our promise of excellence.

Lastly, giving back to the community is an integral part of our mission. In honor of my late sister, a portion of Little Burros’ profits goes to the nonprofit organization A21, which works tirelessly to combat human trafficking. By supporting A21, we aim to make a positive impact beyond the gardening world and contribute to the fight against this global issue.