When it comes to successful pitches on Shark Tank, one product that stands out is the Safety Nailer. This innovative tool, designed to prevent injuries while working with nails and hammers, caught the attention of the sharks and secured a significant investment. Let’s take a closer look at the net worth of Safety Nailer before and after its appearance on Shark Tank.
Key Takeaways:
- Safety Nailer received a $100,000 investment for 33% equity from Lori Greiner, Rohan Oza, and Mark Cuban.
- The company valuation during the pitch was $714,286.
- Safety Nailer generates around $2 million in yearly sales.
- The product is available for purchase on Amazon and is sold nationwide at Ace Hardware Stores.
About Safety Nailer Framer
Safety Nailer Framer is a company founded by Drew Zirkle and Kristen Eifes that produces a revolutionary product called the Safety Nailer. This innovative finger guard is designed to prevent injuries while woodworking, performing home repairs, or using a nail and hammer. The Safety Nailer is made of impact-resistant plastic and features a magnetic mechanism that securely holds nails in place, ensuring accurate nail insertion.
With the Safety Nailer, users can work confidently and efficiently, knowing that their fingers are protected from accidental hammer strikes. The finger guard includes three guides of different sizes, allowing for precise nail placement and improved accuracy. Whether you’re a DIY enthusiast or a professional contractor, the Safety Nailer is a must-have tool for preventing painful and potentially dangerous accidents.
Key Features:
- Magnetic mechanism for secure nail holding
- Impact-resistant plastic construction
- Three guides for accurate nail insertion
- Helps prevent injuries during woodworking and home repairs
The Safety Nailer Framer team is dedicated to creating innovative solutions that make DIY projects safer and more enjoyable. Their commitment to quality and functionality is evident in the design and performance of the Safety Nailer. Don’t let a simple task like hammering a nail put your fingers at risk. Invest in the Safety Nailer and experience the peace of mind that comes with knowing you’re protected.
Safety Nailer Framer on Shark Tank
In his appearance on episode 1117 of Shark Tank, Drew Zirkle pitched his company, Safety Nailer Framer, seeking a $100,000 investment for 14% equity. At the time of the pitch, the company was valued at $714,286. The Sharks expressed concerns about the product and the viability of the business, but there was also interest from Mark Cuban, Lori Greiner, and Rohan Oza.
The final offer made to Drew was $100,000 for 33% equity in Safety Nailer Framer. Although a deal was initially agreed upon, it was not finalized in the end. Despite this, Safety Nailer products are still available for purchase on Amazon and can be found at Ace Hardware Stores nationwide.
Throughout the Shark Tank experience, Safety Nailer Framer gained valuable exposure and received interest from some of the most prominent Sharks. While the deal didn’t ultimately come to fruition, the company continues to thrive, serving customers with its innovative finger guard and magnetic nail holder.
Shark | Offer | Equity |
---|---|---|
Mark Cuban | $100,000 | 33% |
Lori Greiner | $100,000 | 33% |
Rohan Oza | $100,000 | 33% |
Although the deal didn’t go through, Safety Nailer Framer has since continued to grow and thrive in the market. Its products provide a valuable safety solution for woodworking enthusiasts, DIYers, and professionals alike. With their impact-resistant plastic construction and precise nail insertion guides, Safety Nailers offer a reliable way to prevent injuries and improve work accuracy.
Safety Nailery Update
Let me bring you the latest update on Safety Nailery, the company that has designed a revolutionary product to avoid those pesky pinches when using nail clippers. Founded by Sarah-Beth Kizer, Safety Nailery has made remarkable strides since its Shark Tank appearance.
Though Safety Nailery did not secure an investment on the show, the company is still thriving and making a significant impact. As of October 2023, Safety Nailery has achieved a remarkable net worth of $3 million, with an annual revenue of $3 million. These impressive numbers speak to the popularity and effectiveness of their pinch-prevention product.
What sets Safety Nailery apart is its commitment to addressing the needs of parents and individuals with disabilities. This innovative product has gained immense popularity among these groups, providing a simple yet powerful solution to an everyday problem. By focusing on the safety and convenience of their customers, Safety Nailery has captured a loyal following.
If you’re looking to avoid those painful pinches and ensure a safe and comfortable nail clipping experience, you can find Safety Nailery products available for purchase on their official website. Don’t miss out on the opportunity to try this game-changing product for yourself!
FAQ
What is the Safety Nailer?
The Safety Nailer is a finger guard with a magnetic mechanism that holds nails in place. It is designed to protect users from injuries while woodworking, performing home repairs, or using a nail and hammer. Made of impact-resistant plastic, it includes three guides of different sizes for accurate nail insertion.
Who founded Safety Nailer Framer?
Safety Nailer Framer was founded by Drew Zirkle and Kristen Eifes.
What happened when Safety Nailer Framer appeared on Shark Tank?
Drew Zirkle pitched Safety Nailer Framer on Shark Tank, seeking a $100,000 investment for 14% equity in the company. Despite concerns from the Sharks, Mark Cuban, Lori Greiner, and Rohan Oza offered $100,000 for 33% equity, which Drew accepted. Although the deal was not finalized, Safety Nailer products are still available for purchase on Amazon and are sold at Ace Hardware Stores.
How much is Safety Nailer Framer’s net worth?
The net worth of Safety Nailer Framer is not publicly disclosed.
Is Safety Nailery still in business?
Yes, Safety Nailery is still in business and its products are available for purchase on the company’s official website.