Turbobaster Shark Tank Net Worth 2023
Marian Cruz pitched her firm on Shark Tank, asking for $35,000 in exchange for 25% ownership of the company. This meant that the valuation of the company was estimated to be $140,000.
Unfortunately, despite Marian’s pitch, her company never gained any real business traction and folded shortly afterwards.
Her product remained only a prototype and never made it to mass production in retail locations; an unfortunate end to what could have been a promising start.
What is Turbobaster?
The Turbobaster is a piece of cooking equipment that has been designed to replace various other tools such as bulb basters, basting brushes, and marinade injectors.
In addition to this, Turbobaster also offers a personalized smoothie machine that can mix an individual’s favorite ingredients into a 1-liter drink within two minutes.
Before entering the fast-paced world of business, the founder and owner of Turbobaster, Marian Cruz, was a skilled and imaginative home cook. Cruz’s goal was to simplify the process of cooking whole turkeys, hens, and game birds, which was often a challenge when using a traditional bulb baster.
Cruz approaches her business with the same level of care and attention that she uses when cooking in the kitchen, and she takes great pleasure in the meals that she creates with her products.
She is continually looking for innovative solutions to culinary problems and actively promotes her existing product line by collaborating with TV products and national retail stores.
Who is the Founder of Turbobaster?
Marian Cruz started cooking when she was only ten years old and gained a lot of experience in the kitchen. Despite not receiving any formal instruction from her parents, she would observe them cook and replicate their techniques.
One area of difficulty for Cruz was basting whole turkeys, which was her specialty. In response, she invented the Turbobaster device.
Cruz, who was not originally a business tycoon, gained recognition for her Turbobaster prototype, which was praised by some as a long-awaited breakthrough.
Like any true innovator, Cruz found inspiration in the tension between routine and potential disaster. She applies the same skill and magic she brings to cooking to running her business.
Cruz is constantly exploring creative solutions to culinary problems and actively promoting her product line through a partnership with the large commercial retailer TV Goods.
What Happened to Turbobaster at Shark Tank pitch?
Marian Cruz, after conducting a thorough inventory, decided to seek a partnership with other investors to expand the market of her product. To achieve this, she chose to pitch her idea on Shark Tank.
During her pitch, she offered a 25% ownership of her company for $35,000, indicating that the company’s valuation was estimated at $140,000.
After demonstrating the functionality of her product, Turbobaster, she revealed that the company had no functional models, sales, or any knowledge of the manufacturing costs. As a result, Kevin O’ Leary, Barbara, and Robert opted out of the deal due to the lack of sales history and business model.
Kevin Harrington made an offer of $35,000 for complete ownership of the company and an additional 2% of sales. Daymond then offered $40,000 for 51% ownership of the company with a 2% royalty.
In the end, Marian Cruz chose Kevin Harrington’s offer because of his experience in cooking, and they closed the deal.
What Happened to Turbobaster after the Shark Tank?
The two partners successfully concluded their transaction. Gradually, the business declared its acquisition of the Turbobaster’s exclusive global marketing rights.
However, the firm’s website and Facebook page are now inactive, and the company did not produce or sell any products. Even after the deal was done, the investors were never informed of any sales or profits resulting from their shares in the company.
The company’s executives did not release any official statements, and the investors who had invested in the business are now out of the business as the sharks declined to comment on the investment.
Net Worth of Turbobaster
During the Shark Tank pitch Marian Cruz was asking for $35,000 in exchange for 25% ownership of her firm, this means that the valuation of the company during the pitch was estimated to $140,000.
What is Turbobaster?
The system for cooking food is a very important part in the preparation and cooking of food. It enables people to cook and prepare their favorite dishes in an easy way.
The first step of the cooking process starts with the basting.
Who is the Founder?
The founder of the company is Marian Cruz. She is a highly experienced and talented cook and she has been cooking for more than ten years.
She started her own business when she was young age, because she wanted to make cooking easier for herself and others.
What is their offer on Shark Tank?
She was asking for $35,000 for 25% equity of her business.
Did they get the deal?
Yes, she got the deal because she has a long track history in cooking and she worked hard to get this deal.
How Much Money Did they get on Shark Tank?
Turbobaster got $35,000 in exchange for 100% equity of her business with 2% of the sales.
Would you invest in Turbobaster?
Kevin Harrington invested and he wanted to be the owner of the business as well as 2% of sales as a percentage.
Is still in business?
No, Turbobaster did not work out after the deal was completed.
What Happened to Turbobaster after Shark Tank?
After Shark Tank episode, the firm was dissolved due to no sales and profit.
Do I have to pay to use it?
No, it is free to use the Turbobaster.
I work alone and need something that small and easy?
Yes, it is very easy and small.
What do you mean by simple and fun?
User doesn’t need any prior experience or skill level to use the Turbobaster because it works without hassle.
How does the Turbobaster work?
The Turbobaster uses a system of pressurized air which forces the mixture to flow down the tube.
Is good or bad?
It is a good thing because it helps to cook food faster.
Is safe to buy online?
It is safe to buy online because one can order it online and the company will deliver you right away.
What are the advantages of purchasing Turbobaster?
It is cheap, quick, safe to use.
Where can I purchase Turbobaster?
The Turbobaster is available for purchase on Amazon.com and eBay.
Why would I buy Turbobaster?
It is good to cook food faster and the customer will be pleased with the performance of this device.
Do you have to use it in the oven?
No, one doesn’t have to use it in the oven because it can be used outside too. One can use it in their kitchen or in their car.
What is the opportunity?
One can get opportunity to be a part of this new technology that helps them to cook faster and more delicious.
Does it cost me extra money?
No, it does not cost them extra money because they send the product immediately after ordering.
How do I get my money back?
They have a 100% guarantee of their product.
How do I pay?
The device can be purchased with the help of PayPal.
Are there any shipping charges?
One can order it for free because there are no shipping charges.
What is the guarantee?
The customer will get a one year warranty on their purchase.