Stress Free Kids Shark Tank Net Worth 2023
At the time of the pitch, the company was evaluated by investors and given a value of $1.25 million, which is the estimated worth of the business at that particular point in time. However, in 2021, the estimated net worth of the company has decreased to $590,000.
This suggests that the company may have experienced a decline in value over time, which could be due to various factors such as changes in the market, competition, or financial performance.
What is Stress Free Kids? Who is the founder of Stress Free Kids?
Stress Free Kids offers a scientifically proven and patented method that can effectively reduce stress, anxiety, and fears in children.
The program utilizes a 3-step process that teaches kids how to eliminate negative thoughts and feelings that trigger stress through simple techniques like breath counting and visualization.
Adults are provided with instructions on how to teach these techniques to children so they can assist them in managing their emotions in a fun and stress-free manner.
The founder of Stress Free Kids, Lori Lite, is a passionate parent and businesswoman who developed the program to help her own children overcome nightmares that made bedtime a dreaded experience in their household.
Lori began studying and implementing stress management practices in her life to deal with her own anxiety, and she soon began practicing breathing exercises, visualization, positive affirmations, and progressive muscle relaxation with her children during bedtime stories.
After her spouse suggested she write down these stories, Lori developed a repertoire of stress management bedtime tales that eventually became the foundation for Stress Free Kids.
Today, Lori runs a successful financial consulting company and continues to help parents and children overcome stress and anxiety through her innovative program.
Stress Free Kids Shark Tank Pitch
In episode 21 of season 5 of Shark Tank, Lori Lite sought funding for her company, Stress Free Kids. Before entering the Shark Tank, she was seen calming herself backstage. She was looking for $250,000 for a 20% stake in her company, which was valued at $1.25 million.
The Sharks visited her house and listened to her backstory. Sarah read a story from Angry Octopus, and Lori Lite stated that she had sold 30,000 pieces of merchandise for $180,000 in revenue and $50,000 in profit.
Kevin O’Leary suggested that she pursue publishers, but Lori Lite preferred to self-publish, despite distributing her products through Amazon and other bookshops.
The Sharks were curious about why she hadn’t sold more books, and Robert Herjavec withdrew from the deal, while Kevin Harrington wanted to focus on a specific product and also withdrew.
Kevin O’Leary offered $250,000 for a 100% stake in the company, but Lori Lite rejected the offer. Daymond John offered $250,000 for a 51% stake, and Barbara Corcoran offered $250,000 for a 50% stake.
Lori Lite countered with $250,000 for a 40% stake, and Barbara Corcoran withdrew her offer. Daymond John refused to give up his 51% stake, and Lori Lite finally accepted Barbara Corcoran’s offer.
Despite the fact that the deal with Barbara was never completed, Stress Free Kids became an Amazon best-seller. Since her debut, Lori Lite has developed curriculum and lesson plans for teachers and parents, and her books continue to sell well.
The program is used by psychologists, physicians, professors, yoga instructors, military personnel, counselors, and parents worldwide. As of November 2021, the company is still in operation, with annual revenue of $5 million.
Net Worth of Stress Free Kids
The company was valued at $1.25 million during the pitch; in 2021 the company net worth is estimated at $590,000.
Stress Free Kids FAQs
What is Stress Free Kids?
Stress Free Kids is a patented and scientifically sound method for quickly and permanently reducing children’s stress, anxiety, and fears. Using an innovative 3-step process, we teach kids how to eliminate the negative thoughts and feelings that create stress through simple techniques like counting breaths and visualizing memories.
Who is the founder?
Lori Lite is a passionate parent and businesswoman, established Stress Free Kids. Lori’s ultimate goal was to assist her children in controlling their nightmares.
How much was asking on Shark Tank?
Lori Lite asks for $250,000 for a 20% stake in her Stress Free Kids which was valued at $1.25 million.
Did she get the deal?
Yes, Lori Lite gets the deal with Barbara Corcoran on Shark Tank.
How much was the deal?
Barbara Corcoran offered $250,000 for 50% ownership of the company.
Is Stress Free Kids still in business?
Yes, Stress Free Kids is still in business as of November 2021.
What is the revenue of Stress Free Kids?
The company generates annual revenue of $5 million as of November 2021.
Is Stress Free Kids good for investment?
Yes, Stress Free Kids is a sound investment. The firm is currently valued at $590,000
Is Stress Free Kids profitable?
Yes, Stress Free Kids is considered to be a sound investment. The company generates annual revenue of $5 million as of November 2021.
Is Stress Free Kids real or fake?
Stress Free Kids is completely real and available for purchase on Amazon.
Where do I buy Stress Free Kids?
Stress Free Kids is available on Amazon.
Where can I read more about Stress Free Kids?
Lori Lite shared details regarding her company on her website, Facebook and Twitter accounts.
How can kids be stress free?
To encourage stress release in children, try the following.
Communicate with their children. Reduce Unnecessary Stressors, Take Care of their Basic Necessities, Teach Their Children Stress-Reduction Techniques and Control Their Own Stress.
How much stress do kids have?
Teens reported an average stress level of 5.8 on a 10-point scale, compared to 5.1 for adults. “It’s concerning that adolescent stress is so similar to adult stress,” said Norman B. Anderson, the APA’s chief executive and senior vice president.
How is the business model of Stress Free Kids?
Stress Free Kids is a patented and scientifically sound method for quickly and permanently reducing children’s stress, anxiety, and fears.
How did Stress Free Kids started?
Lori Lite encountered stress in her kids. She presented the idea of Stress Free Kids to her husband who enthusiastically supported it.
She then decided to start this company which has been regarded as a startup company with high potential.
How do I pay Stress Free Kids?
There are various ways to pay Stress Free Kids, the most common methods are: credit card, PayPal, check and money order.
Is Stress Free Kids safe?
Stress Free Kids is considered safe as it contains no chemicals, toxic substances and known side-effects as mentioned on their website.
How much can I earn by selling Stress Free Kids?
There is no information regarding how much one may earn by selling Stress Free Kids.
Where is Stress Free Kids located?
Stress Free Kids is located in California.
Where can I visit Stress Free Kids?
The nearest Stress Free Kids places are listed on their website.
What is the net worth of Lori Lite?
The net worth of Lori Lite is estimated at $500,000.
