Shower Toga Shark Tank Update| Shower Toga after Shark Tank
What is Shower Toga?
Shower Toga is a device that allows individuals to change and shower in public while being completely private, making it ideal for runners, beachgoers, hikers, cyclists, and others.
It’s also useful as a bag for dirty clothing or a wet suit. Simply wrap the toga around the waist or armpits, tighten the drawstring, and change or shower as needed.
Kressa Peterson founded Shower Toga. In the 1980s, before launching Shower Toga, she worked in direct mail advertising with her husband.
She subsequently utilized her knowledge to operate Kressa Peterson International Sport Horses from 2010 to 2017, and she was a passionate rider herself.
She is still the CEO of Shower Yoga and is in charge of its day-to-day activities.
Who is the founder of Shower Toga?
Kressa Peterson founded Shower Toga. In the 1980s, before launching Shower Toga, she worked in direct mail advertising with her husband.
She subsequently utilized her knowledge to operate Kressa Peterson International Sport Horses from 2010 to 2017, and she was a passionate rider herself.
She is still the CEO of Shower Toga and is in charge of its day-to-day operations. Peterson came up with the idea for Shower Toga after being diagnosed with cancer and participating in Spartan races to distract her.
Because the races frequently included her becoming really muddy, she discovered there was no good way to clean her afterwards. She created her first prototype out of diaper cover material and started wearing it after her races.
The Shower Toga, which she designed, is constructed of water-wicking nylon fabric. It wraps around the body and fastens with locking cords. It’s long enough to wrap around a woman’s or man’s body.
There are compartments for soap and shampoo, as well as side access pockets for removing the shower head.
She launched the company with a successful Kickstarter campaign that garnered $14,735. In July 2017, Peterson delivered the first batch of items to her backers.
People who appreciate these hobbies reacted well, and the product is now widely accessible on Amazon. The Shower Toga will set you back $35 if you want to stay clean after your outdoor activities.
What Happened to Shower Toga at Shark Tank pitch?
Peterson ramped up her game after a successful Kickstarter campaign, partnering with The Shark Bite Half Marathon, Savage Race, The Mud Titan Run, and others. She also presented her cleaning up Shower Toga to Shark Tank investors for partnership.
Peterson enters asking for $80,000 for a 33% stake in her company, valued at $242,424. Peterson explains that she made $80,000 in her first year of company and that the Sharks are impressed with her profit margins. She sells them for $35 at retail, $16 at wholesale, and $2.85 at home.
Kevin claims that a garbage bag might accomplish the same job, but Peterson is unconvinced. She becomes upset as she describes her battle with cancer and tells the Sharks that she wants FEMA to utilize them in the aftermath of natural catastrophes.
Both Robert and Lori like Peterson, but they don’t think they are a better match. Mark and Alli liked the presentation so much that they teamed up and offered $80,000 for 40% equity shares in the firm at a valuation of $200,000, which Peterson accepted and they closed the deal.
What Happened to Shower Toga after Shark Tank?
Following Peterson’s outstanding presentation during the pitch, they were able to close a successful transaction with Mark.
The firm is mentioned on the internet, and they sell on Amazon as well as the company website.
During the 2020 Covid-19 pandemic, the firm offered half-priced items to front-line employees and first responders so they may shower before returning home, reducing the risk of the deadly virus to their families.
In 2021, the firm is still in operation and has not rebranded in addition to growing revenue.
Competitors of Shower Toga
Shower Toga’s competitor is; The Swim Outlet Company (a division of Herschel Supply Co.)
Net Worth of Shower Toga
During the pitch the company was valued at $242,424 and after the transaction with Mark and Alli the company valuation was $200,000 and they have vigorous sales since then.
Shower Toga FAQs
What is Shower Toga?
Shower Toga is a device that allows individuals to change and shower in public while being completely private, making it ideal for runners, beachgoers, hikers, cyclists, and others.
It’s also useful as a bag for dirty clothing or a wet suit. Simply wrap the toga around the waist or armpits, tighten the drawstring, and change or shower as needed.
Who is the founder?
Kressa Peterson founded Shower Toga.
What is her offer on Shark Tank?
Peterson was seeking for $80,000 for a 33% stake in her company, valued at $242,424.
Did she get an offer?
Yes, she got an offer from Mark and Alli.
What is the price offered?
Mark and Alli offered $80,000 for 40% stake in her company at a valuation of $200,000. They closed the deal.
Is still in business?
Yes, she is still in business.
Are the Sharks interested in their product or service?
Yes, Mark and Alli were interested in their product.
Where can I buy Shower Toga?
Shower Toga is sold at Amazon as well as their online store.
How does it work?
To use the device, they simply wrap the toga around the waist or armpits, tighten the drawstring, and change or shower as needed. There are compartments for soap and shampoo, as well as side access pockets for removing the shower head (with a Snap-On liner).
What are the features of Shower Toga?
The Shower Toga is constructed of water-wicking nylon fabric.
It wraps around the body and fastens with locking cords. It’s long enough to wrap around a woman’s or man’s body.
What is the price range?
It’s priced at $35 on Amazon.
How is business model?
The company operates on an e-commerce model with sales to all 50 states in the U.S.
How are they planning to grow?
The firm has grown by partnering with other races and events that hold to the same philosophies.
Is safe to buy online?
Yes, it’s safe to buy online.
How are they planning to scale?
The founders are looking to expand their operations through partnerships with other races and events. They are currently selling Shower Toga at Amazon, where they have sold over 10,000 items in the past year.
What is their MVP (Minimum Viable Product)?
The company released its first product in May of 2016, and they sell it through Amazon at $35.
What are the strengths?
The founders are credited with being the first to enhance public sanitation by offering the Shower Toga.
What are their weaknesses?
The lack of a physical retail location is their greatest weakness. The firm is looking to partner with festival organizers and outdoor athletes, who would not have access to brick-and-mortar locations.
What are their future plans?
The founders plan on working with other races and events to promote safety in bathing areas through Shower Toga.
Is it legit?
Yes, 100% legit.
Where can I find out more?
Shower Toga’s official website is http://www.showertoga.com/.One can also find them on Facebook, Twitter, and Instagram where one can also see pictures of the creator of Shower Toga.
How did she become so successful?
She created Shower Toga after battling cancer.
Where does she live now?
Kressa is currently living in Tucson, Arizona with her husband and son. They are enjoying their new home in the mountains of Tucson.
What is the net worth of Kressa Peterson?
Kressa Peterson’s net worth is estimated at $500,000.
