The Kooler Shark Tank Net Worth 2023

The Kooler Shark Tank Net Worth

The net worth of The Kooler is unknown as of February 20, 2023. The company was featured on Shark Tank USA in February 2017 and the valuation of The Kooler was $333,000 at that time.

Stan Efferding, the founder of The Kooler, secured an investment from Daymond John for $50,000 in exchange for a 33% stake in the company.

The Kooler became popular after its appearance on Shark Tank and gained some success. However, as of June 2021, the company is out of business.

What is The Kooler? Who is the Founder of The Kooler?

The Kooler is a one-gallon beverage container that is designed to keep pre-workout, during-workout, and post-workout drinks separated but chilled in a single device.

The container has an outer layer that is intended for drinking cold water throughout the day. This layer acts as a cooler for protein shakes and other healthy beverages in the inner layer, keeping them cold. Additionally, the inner layer has a compartment for protein powder or small snacks.

Stan “Rhino” Efferding, a well-known professional bodybuilder and trainer with a global following, developed the Kooler. With over 25 years of experience teaching bodybuilding, he has trained several prominent bodybuilders and strongmen, including Halfthor Bjornsson.

Stan is an active personality on social media and in the fitness industry, providing personal training and online coaching.

He developed the Kooler to address the issue of athletes carrying multiple water bottles, food containers, and beverage containers during a single session.

The Kooler is designed to hold all of the necessary water and nourishment for a gym session, making it a convenient option for athletes and casual gym-goers alike to pack their water, electrolytes, and protein shakes in a single package.

Kooler Shark Tank Pitch

Stan Efferding pitched his Kooler Company on Shark Tank season 8 episode 15, seeking a $50,000 investment for a 15% stake, valuing the company at $333,333.33.

He demonstrated his strength by lifting 200 pounds over his head, deadlifting 600 pounds, and flipping an 800-pound tire, highlighting the need for a post-workout protein shake that his Kooler can provide.

He showcased the product to the sharks and shared that it generated over $120,000 in revenue in just 16 months, distributed by a nationwide distributor with over 30,000 outlets.

However, the sharks had mixed opinions, with Kevin wanting to see more sales figures, Mark believing the product needed a “catalyst,” Lori wanting a product that appeals to all consumers, and Robert undecided.

Daymond offered $50,000 for 33.3% and landed a deal with Stan. After the show, they sold out their inventory on HSN and tested the product at Bed Bath & Beyond and Walgreens locations.

Unfortunately, the company had to cease operations in June 2021 due to manufacturing flaws and negative reviews.

The Kooler Net Worth

Stan Efferding appears before the Sharks in search of $50,000 for a 15% stake in his Kooler Company. This indicates a balance of $333,333.33.

He accepts an offer from Daymond of $50,000 for a 33.3% stake, which bring the valuation to $150,150.15.

Current net worth is unavailable since it has been closed.

The Kooler Competitors

There is no competitor identified for The Kooler.

The Kooler Shark Tank Update

Stan Efferding appeared on Season 8 Episode 15 of Shark Tank, seeking $50,000 for a 15% stake in his Kooler business. The Kooler is a double-wall personal cooler that includes room for water and two stacked drink shakers in the center.

After a presentation that involved some strength feats, Stan presented his product to the sharks. Daymond John ended up investing $50,000 for 33% of the company.

After his appearance on Shark Tank, Stan appeared on HSN with Daymond and sold out all his inventory. The Kooler was available in several retail stores and online, but the company was struggling to break even and needed marketing help.

Unfortunately, the company faced production problems, and the Kooler was leaking all over the customers.

In 2022, Stan released The Kooler 2.0, which is currently only available on his website. It’s unclear whether the new model is significantly better than the previous version, but the Kooler’s popularity rose after its appearance on Shark Tank and with Daymond John’s investment.

The Kooler Shark Tank Table Summary:

ASPECT	INFORMATION
Net worth	Unknown as of February 20, 2023
Valuation on Shark Tank	$333,000 for a 15% stake, valued at $333,333.33
Investment on Shark Tank	Daymond John invested $50,000 for a 33.3% stake in the company.
Founder	Stan “Rhino” Efferding is a well-known professional bodybuilder and trainer.
Product Description	The Kooler is a one-gallon beverage container that is designed to keep pre-workout, during-workout, and post-workout drinks separated but chilled in a single device.
Competitors	There are no identified competitors for The Kooler.
Updates	The Kooler 2.0 was released by Stan Efferding on his website, but it is unclear if it is significantly better than the previous version.
Success after Shark Tank	The Kooler gained popularity, sold out on HSN, and signed contracts with Walgreens to be sold in 7,000 stores.
Current status	The Kooler went out of business in June 2021 due to manufacturing flaws and negative reviews. The Kooler 2.0 was released in 2022 and is currently only available on Stan Efferding’s website.

What Happened To the Kooler after Appearing On Shark Tank

The Kooler experienced some success after its appearance on Shark Tank and even signed contracts with Walgreens to be sold in 7000 stores. However, it appears that as of 2022, The Kooler is no longer in business.

The product was available on Amazon through a few merchants, but there were reports of malfunctioning and poor quality. The Kooler 2.0 is only available through Stan Efferding’s store, and it is unclear if it is significantly better than the previous model.

The Kooler’s website redirects to Stanefferding.com, and there is no mention of The Kooler. As of February 2023, the net worth of The Kooler is unknown.

What Updates Have Been Made To The Kooler Since Appearing On Shark Tank?

The Kooler is a personal cooler that can hold water and two drink shakers inside. It was developed by Stan Efferding, a renowned bodybuilder, for pre, during, and post-workout drinks.

Stan appeared on Shark Tank in 2017 and later joined Daymond John on HSN, where he sold out all his inventory. The Kooler was tested in 100 Bed Bath and Beyond stores in Canada in July 2018, and the company planned to roll it out in 7,000 Walgreens stores in the spring of 2019.

However, recent search results suggest that The Kooler is no longer in business as of 2022. Although the product is available on Amazon through a few merchants, it is not widely available.

The Kooler 2.0, which is only available from Stan Efferding’s store, has unclear improvements over the previous model. Some customers have reported that The Kooler leaks and the poor quality of the product have turned away potential customers.

How To Purchase The Kooler?

The Kooler is a portable and durable cooler available in six different colors. It is designed to keep pre, during, and post-workout drinks separate and cool in one container.

With a one-gallon reservoir, it is perfect for maintaining hydration throughout the day, and a built-in spigot makes it easy to use. The Kooler is not just for athletes and can be used by anyone.

It is available for purchase on the brand’s website, Amazon, and other online retailers. The regular cooler is currently priced at $32.95 with a 15% discount, while the cooler with the keychain and pill pockets costs $39.95 and will be available in May 2017. The Kooler can also be found on other online retailers.

Where Can I Buy The Kooler?

The Kooler is a product that serves as both a cooler and shaker bottle, and it can be purchased on Amazon and the official product website. Customers can read reviews and ratings on Amazon, while the website provides information about the product and its features.

The Kooler can also be found at Target stores. However, it is important to distinguish it from another product called the KoolerTech TerpKooler, which is a lockable cooler designed to preserve sensitive items.

The Kooler Ice Locator App can be used to locate Kooler Ice vending machines, which can be downloaded from the App Store and Google Play for those interested in purchasing one.

Why Did The Kooler Go Out Of Business?

The Kooler, a product that was presented on Shark Tank in February 2017, ceased operations due to manufacturing problems and poor quality. The product had flaws during production that led to leaks and negative feedback.

The founder, Stan Efferding, decided to sell the business, and The Kooler website now redirects to StanEfferding.com, with no mention of The Kooler. Production for the product stopped in 2021, even though it had signed contracts with Walgreens.

However, Walgreens reported flaws in the product. Although The Kooler was valued at $150,000 during its Shark Tank appearance, there is no information available on the sales or net worth of the company as it went out of business.

It is essential to note that The Kooler is not the same as Coolest Cooler, another product widely recognized as one of the biggest Kickstarter failures. The company behind Coolest Cooler went out of business officially in 2019 due to tariffs.

What is The Kooler?

The Kooler is a one-gallon beverage cooler that is meant to keep pre-workout, during-workout, and post-workout beverages separate yet chilled in one container.

Who was the founder of The Kooler?

Stan Efferding founded The Kooler in 2014.

How much was he seeking in the Shark Tank?

Stan was seeking $50,000 for a 15% stake in his Kooler Company on the show.

How much did he receive in the Shark Tank?

He receives $50,000 for 33.3% of his company when he accepts Daymond John’s offer.

How much is The Kooler worth now?

The Kooler is no longer available to purchase.

Why was The Kooler created?

He wanted to create a product that would allow athletes to carry all of the water and nourishment they need for a trip to and from the gym.

This provides convenience without issues related to spillage or leaking.

What happened to The Kooler after shark tank?

Stan joined Daymond on HSN following his appearance on Shark Tank and quickly sold out all of his inventory.

They conducted tests in July 2018 at 100 Bed Bath & Beyond locations throughout Canada. According to the firm, the program will begin at 7000 Walgreens locations in the spring of 2019.

What happened to The Kooler?

Despite favourable reviews, Stan has chosen to cease The Kooler in order to focus exclusively on his fitness training and online coaching businesses.

Is the Kooler BPA free?

This BPA-free container is ideal for combining protein powders and other nutritional beverages securely.

Where can they find a Kooler/Kooler Sport?

Regrettably, they have ceased production of the Original Kooler, the Kooler 2.0, and the Kooler Sport. They are no longer available on our website or on Amazon. They express gratitude for their assistance.

Why don’t they ship to their country?

They are not offered in the company at the moment.

When was The Kooler on the Shark Tank?

The Kooler was featured on Shark Tank on February, 3rd 2017.

What were the strengths of The Kooler?

The Kooler is a one-gallon beverage cooler that is meant to keep pre-workout, during-workout, and post-workout beverages separate yet chilled in one container.

What were the weaknesses of The Kooler?

The product experienced some manufacturing flaws that resulted in leaks, and it has received some negative reviews.

What is the net worth of Stan Efferding?

Stan Efferding net worth is estimated to be $1 million.