Rent A Grandma Shark Tank Net Worth 2023
Pliss, a company that connects grandmas with families seeking home-cooked meals and childcare services, entered Shark Tank season 3 episode 8 seeking $150,000 for 20% of their company which equates to a $750,000 valuation.
Since July 2022, the company has grown exponentially with more than 300 grandmas offering their services across the country and an app added to their service suite.
Although reliable revenue figures are not available, Pliss’ innovative idea and steady growth have made them one of the most interesting companies in Shark Tank.
What is Rent a Grandma?
Rent a Grandma is a comprehensive solution for all premium domestic staffing needs. Their team comprises of fully vetted, competent, and experienced adult women who meet the high standards that one would expect from their own grandmother.
Rent a Grandma provides an industry standard that is unmatched. Every Grandma on their team is a certified baker who is always excited to whip up a fresh batch of cookies.
The founder of Rent a Grandma is Todd Pliss. He came up with the idea while working as a tutor to young entertainers, including the Jonas Brothers. He heard parents complaining about the difficulties of finding reliable babysitters among college students and teenagers who often got distracted.
Pliss decided to bridge the gap by connecting families in need with elder females who possessed the necessary domestic skills and expertise. He shut down his tutoring business and began the process of interviewing candidates, conducting background checks, and establishing the Rent a Grandma company.
What Happened to Rent a Grandma at the Shark Tank Pitch?
During season 3, episode 8 of Shark Tank, Pliss appeared seeking a $150,000 investment in exchange for a 20% stake in his company, which would value the company at $750,000.
He arrived in the Tank with one of his “grandmas” and used an example of how younger caregivers may be too distracted by technology to care for children properly.
In contrast, Pliss emphasized that his “grandmas” would be fully engaged with the children and even bake cookies. He handed out cookies to the Sharks, generating a lighthearted response.
Barbara Corcoran asked how long Pliss had been in business, to which he replied one year, with 50 grandmas in Los Angeles and calls coming in from around the country.
He earned $25,000 in his first year and plans to expand by offering franchises. The hourly rate for a grandmother ranges from $14 to $20, depending on the task.
Kevin O’Leary questioned how he could profit from the business, but Pliss’s response regarding a 15% profit margin did not satisfy him. Pliss explained that families pay for the service in advance, ensuring a steady income for the company.
However, the Sharks were not interested in investing. Daymond John thought it was a nice idea but declined, while Herjavec saw no room for expansion due to low sales. Corcoran and Cuban also declined to invest in the business.
What Happened to Rent A Grandma after the Shark Tank Pitch?
Despite leaving Shark Tank without a deal, Pliss persisted with his Rent-a-Grandma business. He abandoned the idea of franchising because it was too complex but instead launched a website similar to Angie’s List.
Interested “grandmas” pay a small, one-time fee to be listed on the website and must pass a background check. This allowed Rent-a-Grandma to expand and reach people worldwide, filling a gap in the domestic assistance market and providing employment opportunities for older women who may have otherwise been excluded.
Despite not securing a contract with the Sharks, Pliss has succeeded in creating a business that Grandma would be proud of. In fact, he plans to expand the company’s services by adding tutoring in 2020.
As of July 2021, over 300 grandmas from across the country are offering their services on the platform.
What is the Net Worth of Rent a Grandma?
Pliss entered Shark Tank season 3 episode 8 seeking $150,000 for 20% of his company. This equates to a $750,000 valuation.
Rent a Grandma Shark Tank Updates
Rent a Grandma is a unique staffing agency that provides domestic help by connecting experienced older women with families seeking home-cooked meals and childcare services.
The founder of Rent a Grandma, Todd Pliss, appeared on Shark Tank in Season 3 Episode 8, seeking an investment of $150,000 in exchange for 20% of his business.
During the pitch, Pliss brought one of his “grandmas” to demonstrate how younger caregivers may sit around texting and playing with electronic devices instead of paying attention to the children. However, none of the Sharks were interested in investing in the business.
Despite not getting a deal on Shark Tank, Rent a Grandma continued to grow and fill a niche in the market for domestic help.
The service took the advice of the Sharks and did not go for the franchise model, instead developing a website from where the service can be rendered. As of July 2021, over 300 grandmas from across the country are offering their services on the platform.
The sales for the business are great and steady, with total sales last year around $25,000 and each grandma being rented out for $14 to $20 per hour depending on the service provided.
In 2020, Todd Pliss added tutoring to the list of services the business offers. Rent a Grandma is now available to users worldwide and continues to grow, providing older ladies with jobs and fulfilling a much-needed service for families seeking reliable domestic help.
The net worth of Rent a Grandma is estimated to be $750,000 based on the valuation Pliss sought during his Shark Tank pitch.
A Summary Table For Rent A Grandma:
|Company Name||Rent a Grandma|
|Shark Tank Appearance||Season 3, Episode 8|
|Amount Requested on Shark Tank||$150,000|
|Equity Offered on Shark Tank||20%|
|Valuation on Shark Tank||$750,000|
|Shark Tank Result||No deal|
|Services Provided||Domestic staffing, home-cooked meals, and childcare|
|Number of Grandmas on Platform (July 2021)||300+|
|Revenue (2021)||Not available|
|Hourly Rate for Grandma||$14-$20|
|Net Worth (2023)||$750,000|
Rent a Grandma FAQS
What Is Rent A Grandma, Founders, And How Does It Work?
Rent-A-Grandma is an employment agency that recruits women over 50 for domestic staffing needs, including child care, elder care, housekeeping, cooking, estate management, pet sitting, and other domestic staffing jobs.
The company’s founder, Todd Pliss, was working as a tutor in Los Angeles when he started hearing complaints from parents about the quality of their child care. He decided to recruit women over 50 for a child-care service he called Rent-A-Grandma, which soon expanded to all domestic services.
The grandmas are carefully screened mature women who are professional, experienced, and meet the standards demanded of one’s, own grandma. They are English-speaking and most have decades of experience in childcare and providing household services.
Rent-A-Grandma sets a standard unequaled in the industry, and the agency carefully screens and background checks each applicant. The grandmas are loyal and committed, and they don’t text or tweet while they are watching your kids.
The advantage that older women bring is their extensive age/life experience. Unlike younger employees, grandmas are not looking for the next career-building job, and most are not interested in working full-time.
Rent-A-Grandma is now offering franchises in three dozen states. The service provides carefully screened women age 50 and over for domestic staffing jobs.
After Rent-A-Grandma was profiled on Fox News in March 2011, Pliss received more than 300 calls asking if he was franchising the concept. He decided to give it a shot and offered franchise territories in 36 states. So far, he has sold units in Dallas and Houston.
How Much Was Rent A Grandma Seeking In The Shark Tank?
Todd Pliss, the founder of Rent a Grandma, appeared on Shark Tank in Season 3 Episode 8 seeking an investment of $150,000 in exchange for 20% of his business, which valued the company at $750,000.
Did Rent A Grandma Get The Deal From The Sharks?
No, Rent a Grandma did not get a deal from the Sharks on Shark Tank. During Season 3, Episode 8 of Shark Tank, Todd Pliss appeared seeking a $150,000 investment in exchange for a 20% stake in his company, Rent a Grandma, which would value the company at $750,000. However, the Sharks did not invest in the company.
Despite not getting a deal, Rent a Grandma is still in business and is expanding, filling a void in the domestic assistance market and employing older women who might otherwise have aged out of the industry.
What Happened To Rent A Grandma After Shark Tank?
Rent a Grandma is a unique staffing agency that connects families with experienced seniors for domestic help, childcare services, and home-cooked meals.
The founder of Rent a Grandma, Todd Pliss, appeared on Shark Tank in season 3, episode 8, seeking a $150,000 investment in exchange for 20% of his business. Although Pliss was shot down in the Tank, he continued offering his senior employment service.
After the Shark Tank pitch, Pliss abandoned the idea of franchising because it was too complex. Instead, he launched a website similar to Angie’s List, where families can browse available matches in their area.
The website lists grandmas who have undergone a background check and pay a small, one-time fee for their listing. Rent a Grandma is available to users worldwide and has been experiencing steady growth.
Rent a Grandma had only made around $25,000 in sales. However, the service has been receiving a lot of phone calls and emails from people across the country who want to rent a grandma.
Despite the low sales figure, the Rent a Grandma brand has been experiencing success and continues to grow.
Is Rent A Grandma Still In Business?
Yes, Rent a Grandma is still in business. Rent a Grandma is a comprehensive solution for all premium domestic staffing needs.
Their team comprises fully vetted, competent, and experienced adult women who meet the high standards that one would expect from their own grandmother.
The founder of Rent a Grandma is Todd Pliss, who came up with the idea while working as a tutor to young entertainers, including the Jonas Brothers.
He heard parents complaining about the difficulties of finding reliable babysitters among college students and teenagers who often got distracted.
Rent a Grandma provides a wide range of services, including babysitters, nannies, baby care, after-school care, special needs care, housekeepers, senior care/companions, personal assistants, pet care/sitting, cooks, and tutors.
The business is expanding, filling a void in the domestic help market.
Rent-a-Grandma is now available to people all around the world. The brand continues to grow, providing older ladies with an opportunity to work and fill a niche in the market for domestic help.
Despite leaving Shark Tank without a deal, Pliss persisted with his Rent-a-Grandma business. He abandoned the idea of franchising because it was too complex but instead launched a website similar to it. He now has over 340 Grandmas signed up and ready to be rented out.
What The Current Valuation Is Of Rent-A-Grandma?
Rent a Grandma is a company that provides professional, experienced, and reliable babysitting and eldercare services. The company was founded by Todd Colby Pliss, who came up with the idea while working as a tutor to young entertainers, including the Jonas Brothers.
Rent a Grandma helps customers find a person nearest to them who will take care of their kids, pets, and home chores without question. The grandmas employed by Rent a Grandma are fully vetted, competent, and experienced adult women who meet high standards.
They are fluent in English, auditioned and interviewed, have many years of experience in domestic services provided in households, are loyal and committed to their work, and do not indulge in social media or use their phones while watching their kids.
Rent a Grandma appeared on Shark Tank in March 2012, where Pliss requested an investment of $150,000 in exchange for 20% of his business. At the time, the net worth of Rent a Grandma was $750,000, and sales of the company were $25,000.
As of 2023, Rent a Grandma’s net worth is estimated to be around $25,000 USD, and Todd Colby Pliss, the founder, has a net worth of $25,000. Since appearing on Shark Tank, Rent a Grandma has experienced tremendous growth and success, securing additional funding and partnerships.
As of July 2021, over 300 grandmas from across the country are offering their services on the platform.
Competitors of Rent A Grandma?
Rent a Grandma is a company that provides domestic staffing services, including nannies, babysitters, and in-home care providers, among others. Rent a Grandma’s competitors include Medical Solutions, PAM Group, Newcross Healthcare Solutions, and Qualivis.
However, it is unclear how these companies compare to Rent a Grandma in terms of services offered and market share.
Interestingly, Rent a Grandma’s website does not mention any competitors. Additionally, a search for “Rent Grandma competitors” on ZoomInfo only yields results for a company called Rent a Grandpa, which is a car and truck rental service.
It is possible that Rent a Grandma has a unique business model that sets it apart from other domestic staffing companies, making it difficult to identify direct competitors.
In summary, while there are some companies that offer similar services to Rent a Grandma, it is unclear how they compare in terms of market share and services offered. Rent a Grandma’s unique business model may make it difficult to identify direct competitors.
Where is Rent-a-Grandma located?
Rent a Grandma is located in Los Angeles, California.
How many members does Rent-a-Grandma have to date?
As of July 2021, there are over 300 grandmas from throughout the country giving services on the platform.
When was Rent-a-Grandma aired on Shark Tank?
Rent a Grandma appeared on Shark Tank season 3 episode 8 on March 9th, 2012.
How does Rent-a-Grandma make money?
Pliss notes that the families pay for the service in advance, so once the Grandma is engaged, the firm has no more work to perform.
Who will contact them about a job?
They will be contacted directly by the clients (the families).
How will people know what kind of employment or the hours are they interested in working?
They will directly discuss work specifics, hours, and scheduling with their family (employer).
Is Employment Guaranteed?
There is no assurance that they will find work. Rent A Grandma, on the other hand, has received national media attention and is expected to continue to do so.
Is there a fee?
Grandmas at non-franchised sites pay a nominal charge of $25 to support the costs of processing their background check and membership.
Many folks spend that much money on gas traveling to job interviews in a week.
A single day of work may easily compensate for that price several times over.
What is the net worth of Todd Colby Pliss?
Todd Colby Pliss’s net worth is unavailable.
How much does renting a grandma cost?
Depending on their demands, each Grandma is hired out for $14 to $20 per hour.