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, dead lifting 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 33.3% stake, which bring valuation to be $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 FAQS?
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.
