Probiotic Maker Net Worth
Merrick Maxfield, the founder of Probiotic Maker, had a net worth of $650,000 USD in 2022. The company was seeking $150,000 for a 7% stake in the company on Shark Tank Season 12, which translates to a $2.1 million valuation.
Probiotic Maker is still in business and being sold as of June 2021, though exact sales figures are not available.
What is Probiotic Maker and Who is the Probiotic Maker’s founder?
The Probiotic Maker is a small device that can turn a gallon of milk into yogurt without requiring costly equipment. It looks like a heating pad and is wrapped around the gallon of milk. Over 8-9 hours, it warms the milk before cooling it in the fridge, resulting in delicious yogurt.
The inventor of the Probiotic Maker is Merrick Maxfield, an entrepreneur, and father of eight who, along with his wife and children, loves yogurt.
However, the family’s yogurt habit was getting expensive, so they purchased four yogurt-making machines to save money. The machines, however, were challenging to clean and operate.
To find an alternative solution, Merrick explored the possibility of creating probiotic yogurt by heating milk directly in the gallon jug at 98.5 degrees Fahrenheit, and it worked. That’s how the Probiotic Maker was born.
The Probiotic Maker is priced at $99, and culture refills cost $19 for a packet of six ($18 with a subscription).
Probiotic Maker the Shark Tank Pitch
In Season 3, Episode 9 of Shark Tank, Stephan Aarstol presented Tower Paddle Boards to the Sharks to seek help with product distribution and marketing. He requested $150,000 for a 10% stake in the company, valuing it at $1.5 million.
Although Aarstol initially struggled to explain his business due to technical difficulties and his dislike of scripted presentations, he impressed the Sharks with his sales figures, having made over $100,000 in just a few months. The Sharks were intrigued by his customer acquisition strategies, particularly his search engine marketing tactics.
Barbara became annoyed by the technical details and exited the pitch, while Robert felt the company was overpriced and declined to invest. Daymond followed suit, leaving Mark and Mr. Wonderful as the final Sharks interested.
Kevin offered $150,000 in exchange for 50% ownership of the company and a 10% royalty on all future product sales, but Aarstol rejected the offer. Mark then made an offer of $150,000 for 30% equity in the company and first dibs on Aarstol’s future ventures.
Kevin countered with the same offer, but Aarstol believed Mark would make a better partner and shook hands with him to close the deal.
After the show aired, Aarstol and Cuban finalized the deal, and Cuban claimed that investing in Tower Paddle Boards was one of his most successful Shark Tank investments to date. A few months later, Aarstol refunded one-third of the investment, and Mark is expected to recover his full investment soon.
In Season 4, Episode 403, Tower Paddle Boards was featured in an update segment, reporting that the company was thriving, with increasing sales. Additionally, the company was mentioned in an update segment in Beyond the Tank Episode 111.
In the summer of 2016, Tower Sunglasses, the company’s first new product, was launched. Aarstol’s long-term goal is to transform Tower into a complete “beach lifestyle brand,” offering a range of beach-related products at the company’s low prices, including clothing, beach chairs, snorkels, and other items.
In July 2021, they expanded their range to include skateboards, clothes, beach tents, swimwear, and other products. As of January 2022, the company had an annual revenue of $7 million.
What is the net worth of a Probiotic Maker?
Merrick appeared on Shark Tank Season in search of $150,000 for a 7% stake in his company. This translates to a $2.1 million valuation.
The current valuation is unavailable.
Who are the Competitors of Probiotic Maker?
There are no competitors identified for Probiotic Maker.
Probiotic Maker FAQS
What is Probiotic Maker?
The Probiotic Maker is a little device that can convert a gallon of milk into yogurt! And it does it without forcing the user to invest in costly equipment.
How much does Probiotic Maker cost?
Probiotic Maker costs $99.
Who founded Probiotic Maker?
Merrick Maxfield, an entrepreneur and father of eight, invented the Probiotic Maker.
What is Probiotic Maker’s website?
The Probiotic Maker website is www.probioticmaker.com
How can they contact Probiotic Maker?
They can contact on their email at [email protected]
What is Probiotic Maker’s headquarters?
Probiotic Maker’s headquarters are based in South Jordan, Utah, USA
How much was he seeking in the Shark Tank?
He was seeking $150,000 for a 7% stake in his company. This translates to a $2.1 million valuation.
Did he get the deal from the Sharks?
No, Merrick Maxfield left the Tank without the deal from the Sharks.
What happened to Probiotic Maker after the Shark Tank?
He has sold 5000 units in the six weeks following the initial airdate – that’s about half a million dollars in sales.
Is Probiotic Maker still in business?
Yes, Probiotic Maker is still in business.
How do they clean the Probiotic Maker?
Unplug the unit and clean it gently with a moist cloth. Do not immerse, submerge, soak, throw in a washer, or damp the unit.
Remember that folding or rolling up the device might irreversibly destroy it.
Can they use Kefir Grains as starters?
Their exclusive Probiotics blend comprises 11 different strains seen in commercial kefirs. They do not recommend using kefir grains.
How do they know when to remove the Probiotic Maker and place bottle into the fridge?
The exact time will vary based on the ambient temperature, the temperature of the milk at the start… In general, culture for 8 hours for a milder taste or 9+ hours for a richer, more acidic flavour.
What methods of payment do they accepts?
PayPal, Credit Card and Debit Card and amazon pay.
Where can they get a Probiotic Maker?
Probiotic Maker can be purchased on their official website at www.probioticmaker.com or on Amazon.
Where is Probiotic Maker made?
Probiotic Maker is created in the United States and comes with a risk-free, money-back guarantee.
How much thickness can they get from Probiotic Maker?
The thickness will vary based on many factors. Generally speaking – the longer they culture it or the higher the temperature, the thicker it will get.
Is Probiotic Maker safe?
Probiotic Maker is safe and easy to use.
Is Probiotic Maker FDA approved?
Probiotic Maker is FDA-compliant and its production occurs within regulated facilities.
Can they use milk alternatives?
The Probiotic Maker may be used with several milk substitutes, but there are three things to keep in mind: they must contain natural sugar, no preservatives, and proteins to thicken.
What is the net worth of Merick Maxfield?
Merick Maxfield’s net worth is unavailable.
Is Probiotic Maker use keto friendly milk?
The Probiotic Maker regulates body temperature for both kefir (mesophilic) and yogurt (thermophilic) strains and accommodates a wide range of diets.
They may make it fat-free by using skim milk, Keto/Atkins/paleo by using full-fat milk, or use milk substitutes if they have any dietary limitations.
Can Probiotic Maker used in fatty milk?
Probiotic Maker can be used on all types of milk, but they caution that the taste may suffer. They recommend fresh, whole-milk and pasteurized milk.