Safety Nailer Framer Shark Tank Net Worth 2023

Drew Zirkle pitched the Safety Nailer on Shark Tank to get the support needed to make it a viable business and product. Unfortunately, the Sharks did not seem to want to take the bait with the product.

They were concerned that the product and business model does not seem entirely viable. However, Lori Greiner, Rohan Oza, and Mark Cuban invested $100,000 for 33% equity in Drew’s company.

The company valuation was $714,286 during the pitch. Since then the company is still operating and hence the company net worth might be higher than that of pitch.

Drew Zirkle and his friend Daniel Eifes created the Safety Nailer, a finger guard with a magnetic mechanism that holds the nail perfectly, allowing you to drive it without hitting your fingers.

The product is essentially a holding device that you wear on your index finger and thumb. It holds the nail in place magnetically and prevents injuries from bad swings by protecting your fingers. The material is a kind of hard plastic that is impact resistant and retains its shape even with a hard strike.

The net worth of Safety Nailer Framer is unknown as there are no search results available for this information.

What is Safety Nailer Framer? Who is the founder of Safety Nailer Framer?

Safety Nailer is a company that produces a product of the same name, which is their flagship offering. The Safety Nailer is a device worn on the thumb and pointer finger to protect users from the typical impact injuries that occur while woodworking, performing home repairs, or using a nail and hammer.

The device includes three guides of different sizes for nail insertion to ensure that nails are hammered accurately and safely.

Drew Zirkle, a civil engineer who worked as a Water and Wastewater Project Manager for an HRD design firm for over fourteen years, and Kristen Eifes, an accountant who holds a Bachelor of Business Administration in Administration and Management from Old Dominion University and a Master of Education in Elementary Education and Teaching from the University of Phoenix, founded the company.

Daniel Eifes, Drew’s college friend and Kristen’s husband, designed and patented the product with Kristen’s collaboration after he was medically discharged from the Navy in 2012. Due to a medical condition, Daniel could not participate in the business, so Drew and Kristen worked together to bring the product to market.

The Safety Nailer is a small plastic barrier worn on the fingers and thumb that magnetically secures nails in place while minimizing damage from an off-target swing. It also works with screws and comes with a version intended for nails longer than half an inch, as well as a “tiny” version for use with smaller nails and screws.

The company received its initial funding through a Kickstarter campaign in July 2019, which raised $8663. Additionally, they received additional funding from their own pockets and a $5,000 award from the Start Peninsula entrepreneurial and innovator competition. Both versions of the product are available for purchase on Amazon for $8.99.

Safety Nailer Framer Shark Tank Pitch

Drew Zirkle appeared on episode 1117 of Shark Tank to pitch Safety Nailer, a device that uses magnets to secure nails in place and protect fingers.

The company aimed to get its product on the shelves of hardware and home center stores and hoped to secure distribution deals with the help of a Shark investor.

Drew was seeking a $100,000 investment for a 14% stake in the company, valuing it at $714,286. He explained to the Sharks how he started the business by purchasing his own injection molding equipment and had previously collaborated with another company that was not moving the product forward.

Despite working full-time, Drew desired the assistance of a Shark investor to drive the business forward.

However, the Sharks expressed concerns that the company had a product but not a viable business plan. Drew realized he was about to lose them, so he pulled out a toy he had made using the nailers’ magnets.

This caught the Sharks’ attention, and Mark expressed interest in forming a group to explore the possibility of licensing the product.

In the end, Mark, Lori, and Rohan offered $100,000 for a 33.3% equity stake in the company, which Drew accepted. However, the deal was never finalized. Safety Nailer products are still available on Amazon, and the product is now sold nationwide at Ace Hardware Stores.

After appearing on Shark Tank, Drew successfully financed Newton’s Spindle, the toy he showcased, on Kickstarter on May 2, 2020. The company’s website now offers pre-orders for three additional products, including the toy, a carpenter’s pencil sharpener, and a patent-pending sponge holder.

As of February 2022, the company is still in operation and generates around $2 million in yearly sales. It is worth noting that the Shark Tank episode aired on March 20, 2020, the day that most of the country shut down due to the COVID-19 pandemic.

Competitors of Safety Nailer Framer

A similar product to Safety Nailer Framer on the market includes a product called the nail magnet glove.

Net Worth of Safety Nailer Framer

The company valuation was $714,286 during the pitch. Since then the company is still operating and hence the company’s net worth might be higher than that of the pitch.

Safety Nailer Framer Shark Tank updates

Safety Nailer is a product that magnetically holds nails in place while protecting fingers from injury. The product was invented by Daniel and Kristen Eifes, who patented it in 2012. Drew Zirkle, an engineer, joined the Eifes to bring the Safety Nailer to the market.

The Safety Nailer is a small plastic shield that straps to the forefinger and thumb, and it has multiple grooves that can perfectly fit various types of nails in place.

Drew Zirkle appeared on Shark Tank in episode 1117 to pitch Safety Nailer. He sought $100,000 for 14% of the business.

Drew told the Sharks how he bought his own injection molding machine to get the business started, and they had partnered with another company that wasn’t taking the products in the right direction, so now they are looking to manufacture overseas.

Eventually, Mark Cuban, Lori Greiner, and Rohan Oza bid $100,000 for 33.3% of the business, and Drew accepted the offer.

Safety Nailer is doing around $2 million in sales annually. The product is available for purchase on Amazon for $8.995. The company has two versions of the product, one for larger framing nails and screws and a smaller one for finishing nails.

The Safety Nailer is $1.75 per unit in landed cost, and each unit sells for $9.99 on Amazon or direct to consumers.

Topic: Safety Nailer Framer Shark Tank Net Worth 2023

INFORMATION	SUMMARY
Company Product	The Safety Nailer is a device worn on the thumb and pointer finger to protect users from impact injuries while using a nail and hammer. It is a small plastic barrier worn on the fingers and thumb that magnetically secures nails in place while minimizing damage from an off-target swing.
Founder	Drew Zirkle and Kristen Eifes founded the company. Daniel Eifes, Drew’s college friend and Kristen’s husband, designed and patented the product with Kristen’s collaboration after he was medically discharged from the Navy in 2012.
Shark Tank Pitch	Drew Zirkle appeared on episode 1117 of Shark Tank to pitch Safety Nailer. The Sharks invested $100,000 for a 33.3% equity stake in the company.
Competitors	A similar product to Safety Nailer Framer on the market includes a product called the nail magnet glove.
Net Worth	The company valuation was $714,286 during the pitch. As of February 2022, the company is still operating and generates around $2 million in yearly sales.
Updates	Safety Nailer products are still available on Amazon, and the product is now sold nationwide at Ace Hardware Stores. The company website now offers pre-orders for three additional products.

Note: There is no information available about the net worth of Safety Nailer Framer.

Safety Nailer Framer FAQs

Safety Nailer Framer Shark Tank

Safety Nailer is a patented tool that protects hands while making hand nailing safer and easier. It is a small plastic shield that straps to the forefinger and thumb, holding the nail in place magnetically while preventing injury from bad swings.

The device is made of impact-resistant ABS plastic to take the hit should the nail be missed. There are multiple grooves to hold nails of various sizes and diameters, and an attached elastic strap fits around the index finger to keep the device handy and keep hands free.

The Safety Nailer makes nailing in tight spots easier, and the inclined face enables toenailing. The chamfered edges eliminate sharp edges that can affect safety or cause damage. There are two models available: the Framing Nailer and the Mini Finish Nailer.

Safety Nailer was invented by Daniel and Kristen Eifes, who patented the product in 2012. Drew Zirkle teamed up with the Eifes to bring the Safety Nailer to the market. Drew Zirkle recently presented the Safety Nailer on Shark Tank, seeking $100,000 for 14% of the business.

The Sharks were concerned that the product and the business model did not seem entirely viable, but eventually, Mark Cuban, Lori Greiner, and Rohan Oza bid $100,000 for 33.3% of the company, and Drew accepted the offer.

The Safety Nailer is a useful tool for anyone who has ever hit their fingers with a hammer while trying to drive a nail. It is a gadgety product that holds the nail in place magnetically, allowing the user to drive it without hitting their fingers.

The device is impact-resistant and retains its shape even with a hard strike. The Safety Nailer is a simple yet effective solution to a common problem, and it has the potential to be a successful product in the hardware and home center store shelves.

What is the current valuation of afety Nailer Framer Shark Tank?

The current valuation of Safety Nailer Framer, a product pitched on Shark Tank, is not entirely clear. During the pitch on Shark Tank, the company valuation was $714,286. However, the company is still operating, and its net worth might be higher than that of the pitch.

In 2021, reports stated that Safety Nailer was doing around $2 million in sales annually. Additionally, as of 2022, the founder of Safety Nailer Framer, Drew Zirkle, has a net worth of $3 million.

It is worth noting that the valuation of a company can change over time, depending on various factors such as sales, revenue, and investments. Therefore, the current valuation of Safety Nailer Framer might be different from what was reported during the pitch on Shark Tank.

Nonetheless, the product appears to be doing well, with millions of dollars in sales and a high net worth for its founder.

How does Safety Nailer Framer Shark Tank works?

The Safety Nailer is a product that magnetically holds nails in place while protecting fingers from injury. It is a small plastic shield that straps to the forefinger and thumb, and it can also hold screws. The original version is designed for nails longer than half an inch.

The Safety Nailer was invented by Daniel and Kristen Eifes, and Drew Zirkle is seeking an investment for the product on Shark Tank.

The Safety Nailer is made of a hard plastic material that is impact-resistant and retains its shape even with a hard strike. It has multiple grooves that can perfectly fit various types of nails in place.

The device has an attached elastic strap that fits around the index finger to keep the device handy and keep hands free, as the thumb is used to open and close the nailer. A hinge that rotates 180 degrees allows users to grab a nail out of a bag or off the ground right into the groove.

The inclined face enables toenailing (driving a nail in at an angle), and the chamfered edges eliminate sharp edges that can affect safety or cause damage.

The Safety Nailer was seeking $100,000 for 14% of the business on Shark Tank. Mark Cuban, Lori Greiner, and Rohan Oza made an offer of $100,000 for 33.3% of the business, which Drew Zirkle accepted. The Safety Nailer is available for purchase on Amazon for $8.995.

what happened to Safety Nailer Framer Shark Tank?

Safety Nailer is a product that magnetically holds nails in place while protecting fingers. Drew Zirkle appeared on episode 1117 of Shark Tank to pitch Safety Nailer. He sought $100,000 for 14% of the business.

Eventually, Mark Cuban, Lori Greiner, and Rohan Oza bid $100,000 for 33.3% and Drew accepted. Since then, Safety Nailer products are still available on Amazon and are now available at Ace Hardware Stores nationwide.

The company valuation was $714,286 during the pitch. Since being on Shark Tank, sales have skyrocketed. Safety Nailer has been featured on Grommet and sold on Amazon and Ace Hardware stores. The company has also started a Kickstarter to fund the clacker toy, and it met its production goals.

In conclusion, Safety Nailer is still operating and its products are available on Amazon and Ace Hardware Stores nationwide. The company has experienced increased sales since being on Shark Tank and has started a Kickstarter to fund the clacker toy.

What is Safety Nailer Framer?

Safety Nailer is a firm that manufactures the Safety Nailer, which is their most well-known and namesake product.

The device is worn across the thumb and pointer finger to protect users’ fingertips from typical impact injuries sustained when woodworking, performing home repairs, or just using a nail and hammer.

Who is the founder?

Drew Zirkle, an engineer, and Kristen Eifes, an accountant, founded Safety Nailer Framer.

How much were they seeking on Shark Tank?

They were seeking for $100,000 for a 14% stake in their firm. The valuation of the firm at pitch was $714,286.

Who are the investors?

Mark Cuban, Rohan Oza and Lori Greiner joined together to invest $100,000 for 33.3% equity of Safety Nailer Framer.

Is Safety Nailer Framer still in business?

Yes, it is still in business as of February 2022.

Where is Safety Nailer Framer located?

The company is located in Virginia Beach, Virginia.

What is Safety Nailer Framer website?

The company has a website at www.safetynailer.com

Where can I buy Safety Nailer Framer?

Safety Nailer Framer items are available for purchase their website and Amazon.com.

What is Safety Nailer Framer business model?

Safety Nailer Framer is a home improvement firm that manufactures the Safety Nailer.

Is Safety Nailer Framer shipping?

Yes, the firm is shipping their products worldwide.

What is the difference between Safety Nailer Framer and nail magnet gloves?

The Safety Nailer and the nail magnet glove work differently. The Safety Nailer secures the nails in place, eliminating the need to put the finger over the head of a hammer or drill to stabilize nails against their vibrations. The nail magnet glove is worn on one hand and holds a single nail in place for more accurate driving.

Who are Safety Nailer Framer customers?

Safety Nailer Framers’ primary customers are woodworkers, carpenters, and home improvement store owners in the United States who use a hammer and nail to perform home repairs on their homes.

What is the return policy of Safety Nailer Framer?

Safety Nailer Framer offers a 30 day return policy for items that are unopened and unused.

What is Safety Nailer Framer warranty?

Safety Nailer Framer offers a one year warranty on the Safety Nailer, which must be requested at time of purchase.

What is Safety Nailer Framer price?

Safety Nailer Framers’ pricing is $8.99 for the Safety Nailer and $12.99 for the magnet glove. Customers that wish to purchase multiple items can create a single order for less per item.

What is Safety Nailer Framer revenue source?

Safety Nailers’ primary customers are woodworkers, carpenters and home improvement store owners in the United States. These customers use a hammer and nail to perform repairs on their homes.

How do I pay for Safety Nailer Framer?

Customers can pay for Safety Nailer Framers via Visa, MasterCard and American Express credit cards.

How long will Safety Nailer Framer last?

Safety Nailer Framers are built to last. The firm uses high quality components, and tests the products for durability at least once a year, according to the Safety Nailer Framer website.

What is the net worth of Drew Zirkle?

The net worth of Drew Zirkle is unknown.