MountainFlow Eco-Wax Shark Tank Net Worth 2023
Mountainflow Eco Wax is a plant-based, biodegradable ski and snowboard wax company founded by Peter Arlein.
The company appeared on Shark Tank Season 12 Episode 12 and received an investment of $300,000 from Barbara and Kevin O’Leary in exchange for 20% equity.
As of July 2022, Mountainflow Eco Wax had annual sales of $3 million and a business valuation of $2.5 million.
The company has seen significant growth in the past year due to the increasing number of countries banning petroleum-based waxes.
Mountainflow Eco Wax currently has several world champions signed with them as they pledge to keep the world safe. As of March 2023, Mountainflow Eco Wax’s net worth is estimated to be around $3 million.
What is MountainFlow Eco-Wax? Who is the founder of MountainFlow Eco-Wax?
MountainFlow Eco-Wax is a company that creates eco-friendly waxes made from plants for the skiing and snowboarding community.
They extend the same philosophy to their bike cleaning solutions and chain lube for mountain bikers.
The company is operated and owned by skiers, snowboarders, and mountain bikers who continuously test and improve their products to ensure their customers receive the best experience possible.
The company was founded by Peter Arlein, a University of Alaska-Anchorage alumnus who studied Business Administration for his Master’s degree.
Before starting this venture, he worked in various fields, including fishing, rafting, ski patrol, and as a sales and marketing director for a seafood company.
Later, he worked for a digital marketing firm in Colorado. MountainFlow Eco-Wax’s initial product was a water-based spray to keep snow off the skis.
They started testing hundreds of plant-based wax compositions in 2017 and have continued to do so for two years.
The company’s first wax project began with a successful Kickstarter campaign in October of 2016, where they raised $21,506.
The company’s mission is to use post-consumer recycled materials in their packaging and be recognized by the USDA as a bio-based enterprise.
The wax ranges from $13.95 to $27.95, depending on its intended use. Numerous ski slopes and REI stores carry MountainFlow, but most of the sales are made through their website.
MountainFlow Eco-Wax Shark Tank Pitch
Peter Arlein presented his plant-based ski wax product, MountainFlow Eco Wax, in episode 1208 of Shark Tank.
He sought a Shark to assist him with inventory management and offered a 10% stake in his $2.5 million business in exchange for $250,000.
Peter distributed samples of his product and discussed his desire to expand into the worldwide market, citing new international regulations that would prohibit petroleum-based waxes and benefit his company. In 2019, his sales were $150,000, and he anticipated reaching $750,000 in 2020.
Lori and Mark were not interested and left quickly. Barbara offered $250,000 for 20% equity, while Mr. Wonderful offered $250,000 for 15% equity.
Barbara then proposed a partnership with Kevin, with each investing $125,000 for 10% equity, but Daymond offered $250,000 for 25% equity and added professional skier Lindsey Vonn to the deal.
Peter declined Daymond’s offer, stating that he already had professional skiers on board, and asked Barbara and Kevin to reduce their percentages. Instead, they offered $300,000 for 20% equity, which Peter accepted, concluding the presentation with a deal.
The episode was rerun less than two months after its original airing, and as of February 2022, MountainFlow Eco Wax was still in operation, generating $3 million in yearly sales. Although the deal between Barbara and Kevin was not finalized, the company continued to thrive.
Competitors of MountainFlow Eco-Wax
The main competitor is an American plant-based wax manufacturer Snowboard Wax.
Net Worth of MountainFlow Eco-Wax
The valuation of the company was $2.5 million during the pitch. Since then the company is still operating and hence the company net worth might have been more than that of the pitch.
MountainFlow Eco-Wax FAQs
What is MountainFlow Eco-Wax?
MountainFlow Eco-Wax is a petrochemical-free eco-wax designed for skiers and snowboarders. The wax is manufactured in the United States, and it is based on olive oil.
Who is the founder?
Peter Arlein, the founder and CEO. He’s head of sales and marketing, and he created the company in 2016.
How much was asking on Shark Tank?
He was asking for $250,000 for a 10% stake in the business. The valuation was $2.5 million back then.
How much did they end up with?
He ended up with a $300,000 and 20% shares of the company from Kevin O’ Leary and Barbara Corcoran.
Is MountainFlow Eco-Wax still in business?
Yes! The company is still operating as of February 2022.
How much is the revenue of MountainFlow Eco-Wax?
Sales as of February 2022 are $3 million.
Where is MountainFlow Eco-Wax located?
The company is located in Colorado.
When was the company started?
Peter Arlein started the company in 2016.
Is MountainFlow Eco-Wax eco-friendly?
It is! There are no petrochemicals or fluorocarbons.
What type of wax is MountainFlow Eco-Wax?
It is a plant-based wax. It does not contain any petroleum or fluorocarbons at all.
What does MountainFlow Eco-Wax sell for?
It’s $13.95 costs a 4 oz. bottle of regular wax, $18.95 for 4 oz. of grip wax, and $27.95 for a 16 oz. bottle of dry wax.
Is MountainFlow Eco-Wax shipping?
Yes, shipping is free to all 50 states.
Where can you buy MountainFlow Eco-Wax?
Customers can purchase it on the company website www.mountainflow.com.
How long will MountainFlow Eco-Wax take to deliver?
The company will deliver your order within 1 to 5 business days.
How long did it take to get a response from MountainFlow Eco-Wax?
The company responded back within 24 hours.
What is the best MountainFlow Eco-Wax?
It’s the dry wax; it’s more durable than any other eco waxes and carnauba waxes. It can last for over 10 times longer than any other organic wax products.
Is MountainFlow Eco-Wax honest?
Yes! The company is completely honest with its customers.
Does MountainFlow Eco-Wax have return policy?
Yes, the company has a 30-day return policy.
Is MountainFlow Eco-Wax worth it?
Yes! Customers are satisfied with the product and claim that it lasts longer.
What is the best ski wax?
It’s MountainFlow Eco Wax! It comes with superior durability, breathability, and grip. It’s guaranteed to be effective in any type of weather conditions.
Is MountainFlow Eco-Wax safe?
The product is certified by the International Olive Council.
Can you clean your skis with MountainFlow Eco-Wax?
Yes, the wax is safe to be used on any type of ski or snowboard equipment. Customers can clean it using water and dish soap.
Why is MountainFlow Eco-Wax better than other ski waxes?
It’s more durable and breathable. It can last longer than other types of waxes. It will not break off when customers are doing tricks or hitting trees with their board.
What is MountainFlow Eco-Wax made of?
It’s made of olive oil.
Is MountainFlow Eco-Wax like normal wax?
It is and it isn’t! It’s eco-friendly and long-lasting, but it can be used like any other wax products.
How do you make a really good ski wax?
One needs to use the best quality ingredients, and they need to use a lot of them. Additives are also needed for their final product to be effective.
Who is the CEO?
Peter Arlein, the founder and CEO. He’s head of sales and marketing.
How much does Peter Arlein worth?
Peter Arlein is a successful entrepreneur. He is the founder, CEO and owner of MountainFlow Eco-Wax. He also has his own companies called SmartPlant and Smart Plant USA, where he runs production operations. Peter Arlein net worth is unknown.
