Sheets Laundry Club Shark Tank Net Worth 2023
As of 2022, Sheets Laundry Club’s founder Chris Videau has a net worth of $6.25 million USD.
The company is growing rapidly and planning to launch new products . In June 2022, the product became available in more than 261 Harris Teeter stores across the United States.
Sheets Laundry Club appeared on Shark Tank in November 2021 and made a deal with Daniel Lubetzky for $500,000 in exchange for 8% equity and an extra 2% in advisory shares.
The final valuation was $6.25 million, which was lower than the founder’s original valuation of $10 million . After appearing on Shark Tank, the company saw an instant increase in sales revenue and capitalized on the sudden extra attention with an online coupon code that further drove sales.
The company is committed to helping save our planet by minimizing plastic waste and encouraging consumers to use their carefully manufactured pre-measured and dehydrated sheets as a plastic-free alternative to current cleaning and laundry options.
The brand has been reviewed positively among its consumers and has expanded beyond producing self-care products.
What is Sheets Laundry Club? Who is the Founder of Sheets Laundry Club?
Sheets Laundry Club offers eco-friendly and plastic-free options for laundry detergent, using gentle cleaning agents that are safe for both your skin and the environment.
These sheets eliminate the need for messy liquids or powders, as they contain pre-measured detergent that can be easily added to your laundry load. For smaller loads, use just one sheet, while for larger loads, use up to three.
They work equally well in hot or cold water and are biodegradable after use, with all packaging also being biodegradable. You can choose from two scents: fresh linen or unscented.
A pack of 50 sheets costs $19.99, or you can buy a variety of items in kits that combine washing and dryer sheets, aroma boosters, and stain fighters. Subscribers save even more money.
Sheets Laundry Club also offers other household cleaning items such as dryer sheets, floor cleaning sheets, dishwasher detergent, coconut scrubbers, deodorant, and soap.
The founders of Sheets Laundry Club are two Charlotte-based entrepreneurs, Chris Videau and Chris Campbell, who met through their children’s Tee-Ball game.
Videau, a military veteran, was inspired to start the company after seeing the negative impact of plastic waste during his travels. Campbell, CEO of Capital Management Investments, shared his vision of creating a sustainable solution to the plastic waste problem.
Sheets Laundry Club Shark Tank Pitch
On episode 7 of Shark Tank Season 13, Chris and Chris pitched their company in hopes of receiving $500,000 for a 5% stake, which would value their company at $10 million.
During their pitch, they explained their mission to reduce plastic waste by selling eco-friendly laundry sheets, which generated $1.2 million of their $2.04 million in sales in 2020.
They also discussed their exclusive agreement with Kimberly Clark, which allows them to use patented soluble laundry sheet technology in their products.
The Sharks were impressed with the product line, which includes 46 different SKUs, and tested the sheets themselves, which dissolved in water.
However, some Sharks had concerns about the royalty structure and the number of SKUs. Barbara, Mr. Wonderful, and Greiner all declined to invest, but Daniel made an offer of $500,000 for 10% of the business, which was negotiated down to 8% with 2% advisory shares. The Chris duo accepted the offer and were thrilled to work with Daniel.
After the show aired, Daniel shared footage on social media, expressing his enjoyment of working with Sheets, but admitting that the company name was a challenge for his Mexican accent.
What is Net Worth of Sheets Laundry Club?
Chris and Chris appeared on Shark Tank Season 13 Episode 7 in search of $500,000 for a 5% stake in their company. This implies a $10 million valuation.
They accepted an offer from Daniel of $500,000 for 8% and 2% advisory shares which bring valuation to be $6.25 million.
Who are the Competitors of Sheets Laundry Club?
Sheets Laundry Club competes with the following firms in its market: Tru Earth, Kind Laundry, Well Earth, Beyond Laundry Detergent Sheets, and Space White.
Sheets Laundry Club Shark Tank Updates
Sheets Laundry Club is a sustainable laundry detergent business that appeared on Shark Tank in episode 1310. The founders, Chris Videau and Chris Campbell, created dissolvable laundry-detergent sheets that are convenient and eco-friendly.
The laundry industry creates a lot of excess plastic, and most of it ends up being burned or in the ocean. Sheets Laundry Club aims to eliminate plastic waste that impacts the environment.
Since its appearance on Shark Tank, Sheets Laundry Club has experienced rapid growth and gained increased media attention. The company launched in January 2020 and has already generated $2.046 million in sales, operating at 24% profit.
In June 2022, Sheets Laundry Club announced that its products will now be featured in all Harris Tetter stores across the US. However, the company seems to be struggling to meet demand, with many of its products on Amazon currently sold out.
Sheets Laundry Club pays a royalty on a temporary patent share with mega-brand Kimberly-Clarke, and the agreement will expire in 2024. The company offers a variety of laundry sheets and cleaning supplies, which can be purchased on their website.
Sheets Laundry Club Shark Tank Table Summary:
| CATEGORY | DETAILS |
| Founder(s) | Chris Videau and Chris Campbell |
| Product/Service | Eco-friendly laundry detergent sheets and cleaning supplies |
| Net Worth | As of 2022, founder Chris Videau’s net worth is $6.25 million USD, and the company’s valuation is also $6.25 million USD after appearing on Shark Tank. |
| Shark Tank Appearance | Appeared on Season 13, Episode 7 of Shark Tank in 2021, received $500,000 from Daniel Lubetzky in exchange for 8% equity and an extra 2% in advisory shares. The original valuation was $10 million, which was negotiated down to $6.25 million. |
| Competitors | Tru Earth, Kind Laundry, Well Earth, Beyond Laundry Detergent Sheets, and Space White. |
| Updates | The product became available in more than 261 Harris Teeter stores across the United States in June 2022. Sheets Laundry Club is struggling to meet demand as many of its products on Amazon are currently sold out. |
| Sustainability | Committed to helping save the planet by minimizing plastic waste and encouraging consumers to use their carefully manufactured pre-measured and dehydrated sheets as a plastic-free alternative to current cleaning and laundry options. |
| Other products | Dryer sheets, floor cleaning sheets, dishwasher detergent, coconut scrubbers, deodorant, and soap. |
| Company sales revenue | Generated $1.2 million of their $2.04 million in sales in 2020, and operating at 24% profit. |
| Price | A pack of 50 sheets costs $19.99, or you can buy a variety of items in kits that combine washing and dryer sheets, aroma boosters, and stain fighters. Subscribers save even more money. |
Sheets Laundry Club FAQS
What Is Sheets Laundry Club?
Sheets Laundry Club is a company that offers eco-friendly laundry detergent sheets and cleaning supplies. The laundry sheets are designed to be a more sustainable and eco-friendly way of doing laundry, reducing the use of single-use plastic.
The company was founded by military veterans Chris Videdau and his wife Laurian.
The laundry sheets are hypoallergenic, safe for sensitive skin, and free of harsh chemicals. They are shipped in minimal packaging and are biodegradable and septic-safe.
The laundry sheets are available for purchase on the company’s website or on Amazon. The cost of a box of 50 sheets is $19.99, which is middle of the range in cost when compared to other laundry sheet/strip options.
Sheets Laundry Club is based in several states in the US, including Wisconsin, Kentucky, Georgia, and North Carolina. The company manufactures its products in the US, but supplements a bit from China to keep up with the demand for laundry sheets.
What Is The Current Valuation Of Sheets Laundry Club?
Sheets Laundry Club is a laundry business that produces sustainable laundry detergent sheets, kitchen, and self-care products. The company appeared on Shark Tank in November 2021 and asked for a $10 million valuation.
Daniel Lubetzky offered the investors $500,000 in exchange for 8% equity and an extra 2% in advisory shares, which the team accepted. This brought the valuation to $6.25 million.
After appearing on Shark Tank, the company saw an instant increase in sales revenue and capitalized on the sudden extra attention with an online coupon code that further drove sales.
As of May 2022, Sheets Laundry Club has a net worth of $1.6 million. However, in late 2021, the company was nearing $7,000,000 in lifetime sales. The founder of Sheets Laundry Club, Chris Videau, has a net worth of $6.25 million as of 2022.
The company has been growing successfully and has been reviewed positively among its consumers. They estimate $7 million in sales for 2021. The company is committed and motivated to continue growing and help achieve its goal of reducing plastic waste and encouraging consumers to use eco-friendly products.
What Happened To Sheets Laundry Club After Shark Tank?
Sheets Laundry Club is a business that creates eco-friendly laundry detergent sheets. The founders, Chris Videau and Chris Campbell, appeared on Shark Tank in Season 13, Episode 7, asking for an investment of $500,000 for 5% equity, valuing the business at $10 million.
The sharks were impressed with the idea behind the sheets, but Barbara Corcoran was concerned about the expiring patent and the number of products in their line. Daniel Lubetzky made an offer of $500,000 for 8% equity and 2% advisory shares, which the founders accepted.
Since appearing on Shark Tank, Sheets Laundry Club has seen an increase in customers and impressive sales. As of April 2023, the company has $7 million in lifetime sales and operates at a 24% profit.
The company is still in business and is manufacturing its products in the USA under the patent of Kimberly Clark. However, the company is struggling to meet demand, with many of its products on Amazon currently sold out.
Sheets Laundry Club’s mission is to help save the planet by minimizing plastic waste and encouraging consumers to use their carefully manufactured pre-measured and dehydrated sheets as a plastic-free alternative to current cleaning and laundry options.
The founders were inspired to create the business after seeing the plastic pollution in the ocean and after Chris Videau’s lungs were severely impacted by the burning trash in landfills. The company’s success shows that there is a growing demand for eco-friendly and sustainable products.
Is Sheets Laundry Club Still In Business?
Yes, Sheets Laundry Club is still in business as of April 2023. Sheets Laundry Club is a company that creates eco-friendly laundry detergent sheets.
The founders, Chris Videau and Chris Campbell, went on Shark Tank in 2019 asking for an investment of $500,000 for 5% equity, valuing the business at $10 million. The company has experienced rapid growth since appearing on Shark Tank and has gained increased media attention.
Sheets Laundry Club has been featured in Fortune, WCNC, and other prominent publications since the show and appears to be going strong today.
In July 2022, Sheets Laundry Club announced that its products will now be featured in all Harris Tetter stores across the US, a big step forward for the company. The company operates at 24% profit and has a temporary patent share with mega-brand Kimberly-Clarke. They pay a royalty on the patent, and it will expire in 2024.
In conclusion, Sheets Laundry Club is still in business and has experienced significant growth since appearing on Shark Tank in 2019. The company creates eco-friendly laundry detergent sheets and has gained increased media attention.
They have a temporary patent share with Kimberly-Clarke and pay a royalty on the patent, which will expire in 2024.
What is Sheets Laundry Club?
Sheets Laundry Club is a Company that creates eco-friendly and plastic-free alternatives to traditional laundry detergents.
Who founded Sheets Laundry Club?
Sheets Laundry Club is the brainchild of two Charlotte, North Carolina entrepreneurs, Chris Videau and Chris Campbell.
What is Sheets Laundry Club’s mission?
Sheets Laundry Club’s mission is to reduce plastic waste. The company makes eco-friendly and plastic-free alternatives to traditional laundry detergents, helping people take control of their lives by making smarter purchases and choices.
How much were they seeking in the Shark Tanks?
Chris and Chris were seeking a $500,000 investment in exchange for 5% equity of their company.
Did they get the deal from the Sharks?
Daniel offered them $500,000 in exchange for 8% and 2% advisory shares which bring valuation to be $6.25 million.
How much money do they make?
Sheets Laundry Club makes $2.04 million in sales in 2020 with $1.2 million coming from the main product, detergent laundry sheets.
When was Sheets Laundry Club aired on Shark Tank?
Sheets Laundry Club was aired on Shark Tank Season 13 Episode 7 on November 19th, 2021.
Where are Sheets Laundry Club’s products sold?
The main source of selling for Sheets Laundry Club comes from online retail on Amazon.
Do they deliver to Canada?
They do, in fact, ship to Canada. Orders sent outside of the United States are charged a fixed cost of $3.99.
Are they natural?
They are composed entirely of natural substances.
Are they safe for sensitive skin?
Sheets Laundry Club has been tested for all skin types. They are safe for skin.
Are they eco-friendly?
Yes, the ingredients are biodegradable and recycled.
How much does Sheets Laundry Club cost to buy?
Cost & Products: $19.99 for 50 sheets – for 50 loads.
Is sheets laundry club successful?
According to the firm, they made around $2 million in sales in 2020, the year they went public. They estimate $7 million in sales this year, with a profit margin of 24 percent.
Sheets manufactures biodegradable detergent sheets that disintegrate in the washing machine while they clean their garments.
Where are sheets laundry club products manufactured?
Sheets Laundry Club goods are all manufactured in the United States. The components are suitable for those with sensitive skin.
Is sheets laundry club cruelty free?
Certainly not! They are suitable for vegans. They never utilize animal by-products or test their components or goods on animals. Their creators are passionate about animals.
Where is Sheets Laundry Club headquartered?
Sheets Laundry Club is headquartered in Mooresville, North Carolina.
When did Sheets Laundry Club start?
Sheets Laundry Club started in 2019.
How can they contact sheets laundry club?
For support or general questions, please email them at support@sheetslaundryclub.com
