Marz Spray Shark Tank Marz Spray Shark Tank Net Worth 2023
Marz Sprays, an innovative insect repellent which 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, 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, and 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 Sprays FAQs
Who owns Marz Sprays?
Marz Sprays is a brand of vitamin oral sprays created by Keith and Brandon Marz, a father and son partnership.
Marz Spray was one of the many products featured on Shark Tank.
In 2012, they pitched their business on Shark Tank and struck a deal with Lori Greiner: a $200,000 investment in exchange for 25% equity.
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.
