Storm Stoppers Shark Tank Net Worth 2023
Storm Stoppers Shark Tank Net Worth
Storm Stoppers is a company founded by John DeSmith in Orlando, Florida that produces corrugated plastic panels to cover windows during hurricanes and other extreme weather.
The company was valued at $1 million when it appeared on Shark Tank in 2014, and has sold over $6 million worth of Storm Stoppers since then, both directly and through select distributors.
Since appearing on Shark Tank, the company has changed its name to “The Plywood Alternative” and is still in business as of February 2023.
However, sales and interest in Storm Stoppers appears to be weak, likely due to the lack of investment from the Sharks. John Smith’s net worth as of 2022 is estimated to be $6 million USD.
What is Storm Stoppers? Who is the founder of Storm Stoppers?
Storm Stoppers is a product that can be used as an alternative to plywood, which is traditionally used to cover windows during hurricanes. If requested, the company may offer DIY corrugated plastic for window coverings.
The effectiveness of Storm Stoppers in protecting windows during storms and hurricanes has been demonstrated. It was able to withstand a cannon and wind test in two separate trials.
The inventor of Storm Stoppers is John D. Smith, who is a serial entrepreneur and innovator. Before creating Storm Stoppers, he founded a toilet cleaning company.
In addition to Storm Stoppers, he also designed Clever Covers and Clever Fan Wave. John now serves as the President of Storm Stoppers.
John was inspired to create Storm Stoppers after previous innovations, such as Clever Covers, failed to have the desired impact.
Storm Stoppers are corrugated plastic panels that use 3M Dual Locks to secure them over windows. For the past decade, residents on the east coast have used them to protect their homes from storms and Nor’easters.
Customers provide Storm Stoppers with their window dimensions, which John enters into his proprietary computer.
The computer then calculates the number of required panels, which are delivered to the customer, who can cut them to size at their home using an 811″ cutting diagram.
The advantages of Storm Stoppers over plywood are numerous. The material is much lighter, making it easy for one person to install.
It does not need to be replaced after each storm, provides superior protection against missile-like objects, allows for natural light, and is easy to cut and install without requiring many tools.
John has sold approximately $6 million in Storm Stoppers over the course of his 10 years in business, both directly and through select distributors. He currently only sells directly to customers.
Storm Stoppers Shark Tank Pitch
John Smith, the founder and developer of Storm Stoppers, a product that serves as an alternative to plywood for covering windows during severe weather like hurricanes, appeared on episode 610 of Shark Tank with hopes of weathering the storm.
While he made it clear that he was not interested in partnering with large home improvement stores, he was seeking assistance from a Shark to expand his distribution.
During the pitch, John requested a $100,000 investment in exchange for a 10% stake in his company, which had a valuation of $1 million.
He then invited Barbara to join him on stage to demonstrate how to install a Storm Stopper, playing a video of the product in action.
The Sharks were impressed, but John’s presentation became awkward when he pulled out a table from behind his display.
Despite the demonstration and the distribution of samples, Kevin expressed concerns about the cost and valuation, while John highlighted his sales figures of $5.5 million over the previous ten years.
However, when he mentioned that his business was weather-dependent, the Sharks became hesitant. Mr. Wonderful claimed that he could start and grow a similar business, while Robert concluded that there were too many obstacles and exited. Kevin also followed suit.
Barbara was impressed with the product but believed that John had an excessive amount of inventory, causing her to decline the investment.
Mark was unhappy with John’s sales abilities and chose not to invest. Lori liked the product but was dissatisfied with the sales figures, leading her to pass on the opportunity. In the end, John left the Shark Tank without a deal.
Since the episode aired, the company has rebranded as “The Plywood Alternative.” Despite the initial setback, the company is still operational as of February 2022 and generates $3 million in annual sales.
Net Worth of Storm Stoppers
The company valuation was $1 million during and after the pitch. Since then the company is still operating and hence the company net worth might have been higher than that of pitch.
Storm Stoppers FAQs
What is Storm Stoppers?
Storm Stoppers are Corrugated Plastic Panels that use 3M Dual Locks to secure them over windows.
Who is the founder?
Storm Stoppers is John D Smith, an entrepreneur who has designed and sold multiple products over the past decade.
How much was John seeking on Shark Tank?
John was seeking for $100,000 for a 10% stake in the company.
Did he have the deal?
No, John Smith did not have the deal with any of the Sharks.
Is Storm Stoppers still in business?
The company is still in business and generated $3 million in revenue.
Where is Storm Stoppers located?
The company is based in the United States
What are the products of Storm Stoppers?
Storm Stopper’s efficacy in protecting windows during storms and hurricanes has been demonstrated. The Storm Stopper was able to resist a cannon and a wind test in two different tests. The panels are then delivered to the buyer, who cuts them to size at their residence.
What is the selling price of Storm Stoppers?
The price of Storm Stoppers is $45 to $60 per panel which includes free shipping. All orders are shipped within 24 hours and there are no hidden charges for the product or delivery.
What is the return policy of Storm Stoppers?
All orders are shipped with free shipping and there are no hidden charges for the product or delivery. All customers can return or exchange any defect product in 60 days.
Does Storm Stopper come with warranty?
Yes, Storm Stoppers comes with a full 1-year limited warranty.
How much do I need to order to cover a window?
The minimum order is 2 Storm Stoppers while the maximum order is 6 Storm Stoppers.
What is the delivery time of Storm Stoppers?
The average lead time for Storm Stoppers is about 4 days. However, if it reaches them in less than 24 hours, then it’s an instant delivery.
How long does shipping take?
The average time for shipping is 2 to 3 days.
Is Storm Stoppers replacing the damage order?
No, Storm Stopper is not replacing the damage order. However, the company will give customers a refund equal to the damage.
How to install Storm Stoppers?
Installation instructions are provided with every Storm Stopper and it is very easy to install. One just need a drill and simple tools like hammer and screw driver.
What is the difference between Storm Stopper and plywood?
Storm Stoppers is an alternative product to paper or plastic sheets which are heavily used during storms, hurricanes, tornadoes or similar weather conditions.
Is Storm Stoppers safe to use?
Yes, Storm Stoppers are EPA-approved, non-toxic and non-abrasive. They contain no chemicals and they are 100% recyclable.
How do I pay for Storm Stoppers?
Storm Stoppers take payments from PayPal, VISA, MasterCard, American Express or Discover cards.
How do I contact Storm Stoppers?
Storm Stopper’s contact information is available on their website at www.plywoodalternative.com.
How do Storm Stoppers cover a storm door?
Using Storm Panels, Accordion Shutters, or Roll-Down Shutters. Storm panels and hurricane shutters are items especially intended to protect window glass, including sliding glass doors, against hurricanes and storm damage. One might think of storm panels as the commercial equivalent to plywood boards.
Is Storm Stoppers a replacement for plywood?
Storm Stopper is a Plywood Alternative that not only provides protection from storms, hurricanes, tornadoes or similar weather conditions, but also gives an impression of elegance to the house and makes it safer.
What is the net worth of John D. Smith?
The net worth of John D. Smith is $1.3 million.