Turbo Trusser Shark Tank Net Worth-What Happened To Turbo Trusser After Shark Tank?
What is Turbo Trusser Shark Tank Net Worth?
Turbo Trusser’s net worth is somewhere between $303,000 and $350,000 as of 2023. Turbo Trusser is a kitchen gadget that helps truss poultry for better results when roasting. It was introduced in November 2021 and had products in about 75 stores in the US and Canada before appearing on Shark Tank.
The founders, Brian Halasinski and Kirk Hyust, went on Shark Tank asking for an investment of $100,000 for 10% equity, valuing the business at $1 million
Kevin O’Leary invested $100,000 for 33% equity plus a royalty of $1 per unit sold in perpetuity.
As of 2023, Turbo Trusser has a net worth of around $350,000.
Turbo Trusser is a non-GMO plant-based puffed peanut snack founded by Brian Halasinski and Kirk Hyust. The company entered the Shark Tank seeking an investment of $100,000 for 10% equity.
Since its airing on Shark Tank, Turbo Trusser has sold its product in 74 locations and thousands of products. They continue to sell the product on Amazon and on their own website. Their momentary spike in sales after appearing on Shark Tank suggests that their net worth has increased since then.
What Is A Turbo Trusser? Who Is The Founder Of Turbo Trusser?
A Turbo Trusser is a rapid trussing device for use with whole chicken or turkey. It is a tool that allows you to easily truss your bird for even cooking and superior flavor.
The Turbo Trusser has two stainless steel hooks that firmly hold the bird in place, ensuring that it cooks evenly and all sides are exposed to heat. It is built with a durable stainless steel backplate and is dishwasher safe.
The Turbo Trusser was featured on Shark Tank and can be used in ovens, smokers, grills, air fryers, roasters, rotisseries, and deep fryers. It promises to revolutionize the way chicken or turkey is cooked by providing a healthier and more flavorful option for consumers. The tool can truss in less than 10 seconds and makes meat juicier.
In summary, the Turbo Trusser is a simple but effective tool that allows you to easily truss your chicken or turkey for even cooking and superior flavor. It can be used in various cooking methods such as ovens, smokers, grills, air fryers, roasters, rotisseries, and deep fryers.
Brian Halasinski is the founder and president of Turbo Trusser LLC. He is one of the inventors of the Turbo Trusser, a stainless steel contraption that makes trussing turkeys and chickens easier. The product eliminates the need for cooking twine and mastering chef skills in order to prep poultry.
To use the Turbo Trusser, two wire hooks are placed in the stainless steel trusser and then attached to the legs and wings. The legs are then placed into the specially designed slots on the trusser.
Halasinski has a background in product development and bringing innovative products to the retail market. He graduated from Kent State University with a business degree and an MBA from Malone University. Before founding Turbo Trusser LLC, he had a long medical sales career.
Turbo Trusser was introduced late last year by Halasinski and his partner Kirk Hyust. Since launching the product, they have sold about 10,000 units with about $100,000 in sales.
The product retails for $14.99 and can be purchased through their website or Amazon. It has been shipped to customers in Germany, Italy, Chile, Australia, Canada, England, Scotland, and other countries.
What Happen To Turbo Trusser At Shark Tank?
Turbo Trusser is a product for cooking chickens and turkeys more evenly and quickly. The owners of Turbo Trusser, Brian Halasinski, and Kirk Hyust, brought their invention to Shark Tank in the second episode of Season 14. They were seeking $100,000 for 10% equity.
To impress the Sharks, the entrepreneurs wore chicken and turkey suits. They provided a complete demonstration of their product to help the Sharks understand its necessity. The entrepreneurs even sought Kevin’s assistance in learning how to use the Turbo Trusser on a chicken.
The manufacturing cost of their product is $3.7, and they sell it for $14.99. In just eight and a half months, they sold the product for $90,000, with 60% of sales coming through their website. They have three distributors, who account for 20% of sales across 75 stores.
Robert, Mark, and Lori found the business uninvestable and declined to invest based on its sales. However, Kevin acknowledged its potential but suggested that there was still much work to be done.
He offered $100,000 for a 33% share in the company, along with a perpetual royalty of $1 per unit sold. The entrepreneur countered with a 25% share, but Kevin declined. Ultimately, Brian and Kirk accepted Kevin’s offer.
What Happen To Turbo Trusser After Shark Tank?
Turbo Trusser appeared on Shark Tank and did a brilliant job explaining their product. At the time of the pitch, Turbo Trusser had $90,000 in sales within 8 and half months. 60% of sales came from their website and 27% through three distributors.
After appearing on Shark Tank, Turbo Trusser is already doing well, and the product is now available on Amazon, TurboTrusser.com, and 80 retail locations in the US and Canada.
Turbo Trusser has a 4.3 average star rating from 73 reviews on Amazon. Currently, Turbo Trusser makes around $100,000 in annual revenue and is valued at $1 million.
If the deal with Kevin O’Leary closes, a royalty of $1 per unit will negatively impact their cash flow in the long run. However, it is unclear whether or not they made a deal with Kevin O’Leary as there is no information available about it.
Is Turbo Trusser still in business?
Yes, Turbo Trusser is still in business as of November 2022. After appearing on Shark Tank, the company became a #1 Best Seller on Amazon. The entrepreneurs behind Turbo Trusser, Brian Halasinski, and Kirk Hyust, started the company in 2021 with the aim of creating a device to truss chicken and turkey well.
They appeared on Shark Tank in Season 14 and received an investment of $100,000 for 33% equity plus $1 dollar royalty in perpetuity from Kevin O’Leary.
Turbo Trusser is a rapid trussing device for use with whole chicken. It can be used in ovens, smokers, grills, air fryers, roasters, rotisseries and deep fryers.
The device is made of stainless steel and is dishwasher safe. Most of the sales come from their official website and Amazon. According to bizzbucket.co, Turbo Trusser has sold its product in 74 locations so far and has been able to sell thousands of units.