Potty Safe Shark Tank Update | Potty Safe after the Shark Tank Pitch
What is Potty Safe?
The Potty Safe is a child potty with a childproof latch and a removable waste bowl that only adults, not children, can remove.
It also has a design that is simple to clean.
The Toilet Safe is the first childproof potty training chair, according to the company website, and the Halls got the idea for it when potty training their first daughter.
According to the website, “our daughter loved taking out the waste bowl just like she had seen mommy and daddy do a hundred times.”
She’d end up pouring it all over the place, adding to the madness of toilet training!
They searched the internet for a lockable toilet chair but were unable to locate one, so they created Potty Safe themselves.
Who founded Potty Safe?
Colt and Stacy Hall are the founders of Potty safe.
What happen to Potty Safe at the Shark Tank pitch?
It took them some time to come to market because they didn’t have much expertise releasing products — Stacy is an accountant and Colt is a welder.
They worked full-time jobs during the day and developed Potty Safe in the evening.
Their innovation was finally patented. The waste-bowl is secured to the base, making it difficult – if not impossible – for a kid to remove it and spill.
On August 21, 2018, the pair launched their company and began selling their goods online. They also offered merchandise at a local mom-and-pop business at first.
Potty Safes are now widely available on Amazon, as well as at Bed, Bath and Beyond, buybuy Baby, and Walmart.
They’re only $28.95 and available in grey, yellow, and hot pink.
Every Potty Safe offered is also produced entirely in the United States.
The pair is very likely looking for a Shark to assist with further distribution and finance purchase orders. Will a Shark consider this a sound investment?
Colt and Stacy go to Shark Tank looking for $50,000 in exchange for 15% of their company. The duo is fully committed to their venture.
To launch the firm, they re-mortgaged their home and emptied their savings account.
The cost of production is $6.50 per unit, with a selling price of $28.95.
The Sharks are concerned since they only have $17,000 in sales for the year (2019).
Despite the fact that a prospective agreement with WalMart is in the works, the Sharks unanimously believe it is too early to invest.
The first Shark to go was Daymond, who was followed by Robert, Mark, and Kevin.
Lori pauses for a while, then walks out.
Lori calls them back as they’re leaving, saying, “The Squatty Potty Company has $160 million in sales.”
Because we have a lot of brand extensions, we can have them look at this and see if there’s something we can do together.”
She makes an offer of $50,000 in exchange for 20% of the business, which the Halls accept.
Potty Safe after the Shark Tank pitch
Lori’s contract was never completed.
In September of this year, the pair shot their portion. They had recently started on Amazon at the time. Sales increased tenfold from that time until the initial air date.
Sales surged by 500 percent after the show aired.
They may be found on Amazon, Bed, Bath and Beyond, buybuy Baby, and Walmart as of July 2021 — stores they visited in between filming and broadcast.
According to Stacy, who talked to the website, the firm was selected the winner of the 2019 Creative Child Product of the Year award, as well as the 2019 Baby Maternity Top Choice Award and the Family Choice Award.
These are outstanding honours, and we are thrilled to have won them. Additionally, our Potty Safe has a utility patent.
They have been nominated for the same awards in 2020, however the judgment will not be made until after COVID-19.
With the 2020 Baby and Children’s Product Number 1 Reader’s Favourite Potty award and a mention in Inventors Digest, the firm has already achieved attention in 2020.
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 FAQS
Who owns potty safe?
It is own by Entrepreneurs Colt and Stacy Hall.
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 does potty safe work?
It uses a patented latching system to secure the bowl to the base.
There is no way a child can remove the bowl from the base, which is good because they will not be able to spill it everywhere if they remove it.
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.