Potty Safe Shark Tank Net Worth 2023
Lori, one of the Sharks, offered Colt and Stacy $50,000 in exchange for 20% stake in their business. The deal was accepted by the duo and led to a valuation of $250,000 for their company. Fast forward to 2022, Potty Safe has grown immensely and is now worth about $2 million.
What is Potty Safe?
The Potty Safe is a specialized toilet for children that comes with a locking mechanism that can only be opened by adults, as well as a removable waste bowl for easy cleaning.
The creators of the Potty Safe came up with the concept while potty training their own daughter, as they were unable to locate a comparable product on the market. As a result, they decided to create their own, which is now being marketed as the first childproof potty training chair. Potty Safe was established by Colt and Stacy Hall.
What happen to Potty Safe at the Shark Tank pitch?
Colt and Stacy, who had no prior experience in launching products, took some time to introduce their company, Potty Safe.
They worked on developing the product during their spare time while holding full-time jobs, and eventually secured a patent for it.
The waste-bowl is firmly attached to the base, making it difficult for children to spill.
On August 21, 2018, they launched their company and began selling their product both online and at a local store.
Today, Potty Safes can be found on major platforms such as Amazon and in popular stores such as Bed, Bath and Beyond, buybuy Baby, and Walmart.
Priced at $28.95, these products are manufactured in the United States. Colt and Stacy appeared on Shark Tank seeking a $50,000 investment in exchange for 15% of their company.
Although the Sharks had concerns about the low sales figures, they eventually declined to invest. However, Lori, one of the Sharks, offered $50,000 in exchange for a 20% stake in the business, which Colt and Stacy accepted.
Potty Safe after the Shark Tank pitch
Lori and her partner recorded their project in September and started selling their product on Amazon. As the show’s airing approached, sales significantly increased and continued to surge even more after it aired.
The product is now available in various stores including Amazon, Bed Bath and Beyond, buybuy Baby, and Walmart.
The company has received several awards such as the 2019 Creative Child Product of the Year award, the 2019 Baby Maternity Top Choice Award, and the Family Choice Award.
Although they have been nominated for awards in 2020, the results have not been announced yet due to COVID-19.
Moreover, the company holds a utility patent for their Potty Safe product and has been recognized with the 2020 Baby and Children’s Product Number 1 Reader’s Favorite Potty award, as well as a mention in Inventors Digest.
Potty Safe Net Worth
The deal let to $250,000 valuation of the company.
Potty Safe competitors
Parents have plenty of options when it comes to childproofing chairs.
The closest competitor is probably the Baby Lock, which is also of American origins.
Other reputable brands of child proof toilets include Kiddit Guard, Little Tikes, and Graco.
Potty Safe Shark Tank Updates
Potty Safe is a spill-proof training potty designed by Colt and Stacy Hall to make potty training less stressful and messy. The potty features a child-proof latch that secures the waste bowl to the base, preventing kids from emptying the bowl themselves and making a mess.
The Halls appeared on Shark Tank in season 11, seeking $50,000 for 15% equity in their business. They received an offer from Lori Greiner for $50,000 for 20% equity, which they accepted.
After the episode aired, sales of Potty Safe increased by nearly 500%. The product is available on Amazon and was previously available at Walmart, Bed Bath & Beyond, and Buy Buy Baby. However, as of the second half of 2022, the product is no longer available on those websites.
Overall, Potty Safe is a well-designed product that functions as advertised and eliminates messy spills when parents are potty training their kids. It is a unique product with few alternatives on the market.
The Halls are likely seeking a Shark to help with broader distribution and funding purchase orders. With Lori Greiner’s investment and the increased sales after appearing on Shark Tank, Potty Safe seems to be doing well.
Potty Safe Shark Tank Net Worth 2023
| CATEGORY | INFORMATION |
| Product | Potty Safe is a specialized toilet for children that comes with a locking mechanism that can only be opened by adults, as well as a removable waste bowl for easy cleaning. |
| Shark Tank Pitch | Potty Safe creators, Colt and Stacy Hall appeared on Shark Tank seeking a $50,000 investment in exchange for 15% of their company. Lori offered $50,000 in exchange for a 20% stake in the business, which they accepted. |
| Potty Safe Competitors | Baby Lock, Kiddit Guard, Little Tikes, and Graco |
| Potty Safe Awards | 2019 Creative Child Product of the Year Award, 2019 Baby Maternity Top Choice Award, and Family Choice Award.
Also received recognition with the 2020 Baby and Children’s Product Number 1 Reader’s Favorite Potty award, and a mention in Inventors Digest. |
| Potty Safe Net Worth | In 2022, Potty Safe was worth about $2 million. |
| Updates | After appearing on Shark Tank, sales of Potty Safe increased by nearly 500%. The product is available on Amazon, and previously available at Walmart, Bed Bath & Beyond, and Buy Buy Baby.
However, as of the second half of 2022, the product is no longer available on those websites. |
Potty Safe FAQS
What Is Potty Safe And How Does It Work?
Potty Safe is a specialized toilet for children that comes with a locking mechanism that can only be opened by adults, as well as a removable waste bowl for easy cleaning. The product was invented by Colt and Stacy Hall in 2013 while potty training their daughter.
The waste bowl locks to the base, making it difficult for a child to remove it and cause a spill. Potty Safe is the first and only potty training chair to feature a childproof latch that secures the waste bowl to the base, so that kids can’t remove it and make a mess.
The product is of perfect size for both boys and girls, has non-slip feet, a built-in splash guard, and a simple design for easy cleaning.
The Potty Safe is available for purchase online at major platforms such as Amazon and in popular stores such as Bed Bath & Beyond, buybuy Baby, and Walmart.
The product was pitched on Shark Tank during Season 11, Episode 22, but the deal with Lori Greiner did not close. Despite this setback, the product has been successful and sales increased by nearly 500% after the episode aired.
Who owns potty safe?
It is own by Entrepreneurs Colt and Stacy Hall.
What Was The Outcome Of The Potty Safe Shark Tank Pitch?
During their Shark Tank pitch in Season 11, Episode 22, Colt and Stacy Hall asked for $50,000 for 15% equity in their business, Potty Safe. Lori Greiner made an offer of $50,000 for 20% equity, which the couple accepted. However, the deal with Lori Greiner did not close.
Despite this setback, the product has been successful and sales of the Potty Safe increased by nearly 500% after the episode aired. The product is available for purchase on Amazon and at some local shops.
As of the second half of 2022, the product is no longer available on some websites. The net worth of Potty Safe at the time of their Shark Tank appearance was around $250,000.
Did Any Shark Invest In Potty Safe?
Yes, Lori Greiner made an offer of $50,000 for 20% equity in Potty Safe during their Shark Tank pitch in Season 11, Episode 22, which the couple accepted. However, the deal did not close.
What Happened To Potty Safe After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Potty Safe experienced a significant increase in sales, with sales increasing by nearly 500%. Although Lori Greiner made an offer of $50,000 for 20% equity, the deal did not close. However, the product is available for purchase online and at some local mom and pop shops.
As of the second half of 2022, the product is no longer available on some websites. In September of the same year, the product was available on Amazon. The couple invested their savings and remortgaged their house to start the company.
Potty Safe is the first and only potty training chair to feature a childproof latch that secures the waste bowl to the base, making it difficult for a child to remove it and cause a spill.
How did potty safe do after shark tank?
They investment deal of $50,000 for 20% ownership with Lori Greiner never closed.
How much does Potty Safe costs?
The product is available on a range of online stores for a price of $28.95.
How much does it cost to make Potty Safe?
The cost can be $6.50 per piece.
Why did potty safe take long to be launched since its invention?
They did not have much experience regarding the manufacturing process so it took a while to get started. They also did not have a strong market for their product initially.
Where is Potty Safe located?
The business is located in Spring Hill, Tennessee.
How much money does Potty Safe make?
The business has made $17,000 in sales in 2019.
When was Potty Safe Launched?
The business was launched in 21, Aug 2018 by Colt and Stacy Hall.
When was Potty Safe invented?
It was invented in 2013 by Colt and Stacy Hall.
