Marz Spray Shark Tank Net Worth 2023
Marz Sprays, an innovative insect repellent that made its debut on Shark Tank in 2018, was valued at $2 million. Since then, the brand has flourished and as of 2022, has a net worth of $4 million.
This remarkable growth exemplifies Marz Sprays’ success in expanding its customer base and developing new products since then. It serves as a testament to the power of staying true to one’s vision and not giving up despite the odds.
Marz Spray Shark Tank Update
Brandon and Keith Marz run Marz Sprays, a business that produces plant-based vitamin oral sprays. They appeared on Shark Tank seeking a $200,000 investment in exchange for a 10% stake in the company, which valued it at $2 million.
During negotiations, Lori proposed investing $200,000 for a 30% stake in the company, but only on the condition that a separate deal was agreed upon. Kevin suggested investing $250,000 in exchange for 40% of the company, but Lori declined and instead offered the same amount for 25% of the company. Eventually, Brandon and Keith accepted Lori’s offer.
Since then, the company has grown by selling directly to customers through various channels, including online and television ads. They are also exploring private label options in the US and internationally.
The Marz brothers faced challenges before appearing on Shark Tank, but the show’s exposure helped them secure deals with thousands of merchants worldwide, resulting in a significant increase in sales to almost $1 million.
Currently, their vitamin sprays are available for purchase online, and they are likely pursuing new opportunities, as their appearance on the show and subsequent media coverage has established them as successful industry leaders. Additionally, they have expanded their business to new markets, including Canada and Europe.
About “MARZ SPRAYS”
Marz Sprays offers a variety of oral sprays that address different health concerns such as immunity, energy, children’s health, sleep, and weight management. These sprays are positioned as a convenient and cost-effective alternative to pills, powders, and shots.
They are quickly absorbed, contain no fillers, binders, or glue, and are easy to take on the go, making them ideal for people who struggle with swallowing pills.
Marz Sprays are also gluten-free, and sugar-free, and have a shelf life of one month, making them both affordable and efficient. The company has been providing effective and scientifically supported weight loss and nutrition solutions to health-conscious consumers in the American market for over 20 years.
Marz Sprays operates a chain of weight loss and nutrition clinics that serve clients in Hollywood and other areas. The company’s scientists developed Marz+® Sprays, a more palatable alternative to pills, which has been very successful and has sold over 500,000 units to date. Marz Sprays is recognized for its natural, fast-acting, plant-based, sugar-free, gluten-free, and ethical products.
Marz Sprays is a family-owned business founded by a woman who is a pioneer in the natural vitamin spray field. The products are manufactured in the United States using environmentally friendly and sustainable practices, including packaging.
The sprays are formulated by weight loss experts and doctors with over 20 years of experience and avoid the use of fillers, glue, and binders.
Marz Spray Shark Tank Updates
Marz Sprays is a company that produces oral vitamin and supplement sprays. The company was featured on Season 4 of Shark Tank, where they secured a $200,000 investment from Lori Greiner in exchange for 25% equity in their business.
Although the deal with Lori ultimately never closed, Marz Sprays has continued to grow and expand its distribution through various channels such as selling directly to consumers online, through retailers and distributors, and through TV commercials.
Following their Shark Tank appearance, Marz Sprays gained increased exposure, leading to partnerships that enabled them to sell their products to thousands of merchants in the US and abroad.
The company eventually secured a spot on Wal-Mart shelves and redesigned their packaging. By 2020, their products were available in over 20,000 stores.
Despite facing challenges such as a spike in demand and a missed opportunity with Walgreens, Marz Sprays remains in business and continues to sell their products on their website. As of January 2023, the company has an annual revenue and net worth of $4 million.
Marz Spray Shark Tank Summary:
|Produces plant-based vitamin oral sprays
|Shark Tank Appearance
|Lori Greiner invested $200,000 for 25% equity
|Valuation on Shark Tank
|Current Net Worth (2022)
|Oral sprays addressing different health concerns
|Online, TV ads, private label, and through retailers
|Currently sold online
|Gluten-free, sugar-free, and have a shelf life of one month
Marz Sprays is a family-owned business that appeared on Season 4 of Shark Tank, where Lori Greiner invested $200,000 in exchange for 25% equity. At the time of their appearance, the company was valued at $2 million, and as of 2022, their net worth is $4 million. The company produces plant-based vitamin oral sprays that address different health concerns and are gluten-free, sugar-free, and have a shelf life of one month. The sprays are distributed through various channels, including online, TV ads, private label, and through retailers, and are currently sold online.
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Marz Sprays FAQs
Who owns Marz Sprays?
Marz Sprays is a line of vitamin and supplement oral sprays developed by Keith and Brandon Marz. These sprays are designed for people who prefer not to swallow pills, and because they are delivered in a liquid, spray form, the body absorbs them faster.
The company appeared on Shark Tank in search of a $200,000 investment in exchange for 10% of their business. In the end, Lori Greiner invested $200,000 in exchange for 25% equity in the company.
Since their appearance on Shark Tank, Marz Sprays has expanded its distribution globally by selling directly to consumers online, through retailers and distributors, and through TV commercials. Their products are currently available in 10,000 retail stores as of 2020.
Marz Sprays also operates a chain of weight loss and nutrition clinics that serve clients in Hollywood and other areas.
The company’s scientists have developed Marz+® Sprays, a more palatable alternative to pills, which has sold over 500,000 units to date. The sprays are formulated by weight loss experts and doctors with over 20 years of experience, and they avoid the use of added sugar.
Marz Sprays is known for its natural, fast-acting, plant-based, sugar-free, gluten-free, and ethical products.
What Happened To Marz Spray After Shark Tank?
Marz Sprays is a company that creates vitamin oral sprays, catering to those who have difficulty swallowing pills. The company founders, Keith, and Brandon Marz, appeared on Shark Tank in 2012, seeking a $200,000 investment for a 10% equity interest in their business.
After negotiations with Lori Greiner, they accepted a $200,000 investment in exchange for 25% equity in their company.
Following their appearance on Shark Tank, Marz Sprays expanded their distribution channels through online sales, retailers, and distributors, and also explored private label opportunities.
They secured a distribution deal with Walgreens but lost the deal due to delayed invoice payments. Despite this setback, the company has persevered and continues to operate today.
Marz Sprays’ products are currently available in 10,000 retail stores under the branding Marz+ Labs. As of 2022, the company is valued at $4 million, with a net worth of $4 million.
What Was The Outcome Of Marz Sprays’ Pitch On Shark Tank?
Marz Sprays appeared on Shark Tank in October 2012, where they pitched their vitamin and supplement sprays. They were seeking $200,000 in exchange for a 10% equity interest in their business.
The father and son duo ultimately walked away with a $200,000 investment from Lori Greiner in exchange for 25% equity in their company. After the show, Marz Sprays experienced tremendous growth and success.
They secured additional funding and partnerships, leading to an estimated net worth of $4 million as of 2023.
Marz Sprays’ Shark Tank appearance caused a spike in demand for their products, which led to the company landing a distribution deal with Wal-Mart. They also redesigned their packaging and expanded their product line.
By 2020, they had products in over 20,000 stores. Sales surged to over $1 million, but they almost lost everything in 2014 when a deal with Walgreens fell through.
Nevertheless, Marz Sprays are still available through the company’s website, indicating that they weathered these proverbial storms and remain in business. As of January 2023, the company has an annual revenue of $4 million and a net worth of $4 million.
Where Can Marz Sprays Be Purchased?
Marz Sprays can be purchased on Amazon, Walmart, and the Marz Labs website. On Amazon, customers can purchase Marz Sprays Kid’s Vitamin Spray. The Marz Sprays website offers a subscription service for air drying tips and online-only specials, and for every person who subscribes, Marz Labs donates $5 to Buy 1 Give 1 to help save orangutans.
Walmart offers Marz Sprays Sleep Clear Cinnamon. Shark Tank Shopper also offers Marz Sprays for purchase on Amazon.
Marz Sprays offers a variety of sprays, including a vitamin C spray, a sleep aid spray, an energy spray, a kids vitamin spray, and a weight loss spray. All products are patented or patent-pending and trademarked.
Brandon and Keith, the founders of Marz Sprays, conducted independent clinical studies on the sprays. They claim to have pending purchase orders for over $1 million and a potential licensing deal with Nature Made.
Although Marz Sprays appeared on Shark Tank seeking $200,000 for 10% of their business, the deal with Lori ultimately never closed.
However, Marz Sprays has expanded its distribution internationally by selling directly to consumers online, through retailers and distributors, and through TV commercials. They are still exploring private-label opportunities.
What Are The Different Types Of Marz Sprays Available?
Marz Sprays offers a range of oral vitamin and extract sprays that promote health and well-being. They can be sprayed directly into the mouth or added to water as a flavor-enhancing supplement. The different types of Marz Sprays available include:
Vitamin C Spray: delivers high doses of vitamin C, B-12, and D and is fortified with immune-boosting echinacea and a proprietary blend of minerals.
Sleep Spray: supports high-quality restorative sleep without ingredients that can lead to addiction or feeling groggy. It contains a blend of GABA and Valerian root which are known to promote relaxation and treat insomnia.
Energy Spray: provides a quick boost of energy without the crash that comes with energy drinks. It contains caffeine, green tea extract, and a blend of B vitamins.
Kids Vitamin Spray: a multivitamin for children that contains essential vitamins and minerals to support their growth and development.
Weight Loss Spray: an appetite-suppressing spray that doctors developed to aid in weight loss. It contains a power of fruits and vegetables.
All products are patented or patent pending and trademarked, and they are clinically approved. Marz Sprays are available on their website and through various retailers and distributors.
What are some challenges faced by Marz Sprays?
Marz Sprays shipped $100,000 worth of merchandise to Walgreens in 2014, but the retailer refused to pay. They were forced to file a lawsuit, which they won.
They eventually made it to Wal-Mart’s shelves. In addition, the company revamped its packaging.