TurboPup Shark Tank Net Worth 2023
The valuation of the company during the pitch in 2021 was nearly $1 million, however due to an increase in sales and profits, coupled with a strong performance on the market, the company’s valuation has significantly increased.
This has been reflected by an uplift in share prices and financial metrics such as earnings per share and return on equity. As a result, investors have shown more confidence in the company’s operations and are willing to pay more for its shares.
The new valuation is testament to the successful efforts of management to drive growth within the organisation.
What is TurboPup?
TurboPup is a portable and nutritious food option for dogs that is both safe and healthy to consume. These energy bars are individually wrapped, compact, and grain-free, providing essential nutrients and energy for optimal sustenance while also being convenient for pet owners.
These bars can be used as a comprehensive meal replacement for pets and have no negative side effects. The founder of TurboPup is Kristina Guerrero, a former United States Air Force pilot who served in Afghanistan and Iraq. She received support from the Women Veteran Entrepreneur Corps, a program that helps veterans grow their small businesses.
Kristina and her husband and co-founder, Brandon Sylvester, used their own funds and the funding from the Women Veteran Entrepreneur Corps to create TurboPup. The food bars are made from a proprietary recipe that includes fresh meats, fruits and vegetables, proteins, grains, and superfoods.
They do not contain any fillers, grains, additives, or preservatives and are lab-tested for quality assurance by a third party.
TurboPup ships nationwide, except for Hawaii, and accepts international orders with an additional shipping charge.
What Happened to TurboPup at Shark Tank pitch?
Kristina and Brandon, along with their dogs, sought the help of business experts for Kristina’s idea. In the Shark Tank presentation, Kristina requested $100,000 for 20% of her company, which valued it at $500,000. She presented her product and previous sales of $11,000 and plans to expand to areas without competitors.
Mark Cuban and Robert Herjavec were not interested, whereas Lori Greiner and Kevin O’Leary believed that the sales and growth were too small. Daymond John offered $100,000 for 40% ownership, but they ultimately agreed on a deal for $100,000 for 35% of the company’s equity after negotiations.
After finalizing the agreement, Daymond and Kristina completed the transaction, resulting in $200,000 in sales. They anticipate earning over $1 million with the addition of more than 700 sites and a new branding strategy from PetSmart. TurboPup continues to operate, and their annual revenue in 2021 was $2 million.
Net Worth of TurboPup
During the pitch the valuation of the company was nearly $1 million. As of 2021 the valuation of the company has increase due to increase in sales.
What is TurboPup?
TurboPup is a dog food bar that is made from fresh and quality ingredients. The bars are designed to be compact and convenient for owners.
Who is the founder?
Kristina Guerrero is the founder of TurboPup, a canine food bar company.
What is their offer on the pitch?
Kristina was seeking for $100,000 for 20% of her firm, bringing the valuation to $500,000 during the pitch.
Did they get an offer?
Yes, Kristina was offered $100,000 for 30% equity of her firm during the pitch.
Is still in business?
Yes, she has made over $200,000 since collaborating with Daymond John.
How much money does TurboPup make?
They have made over $1 million in sales since collaborating with Daymond John.
Is there a Shark Tank update?
The company is still running along with $2 million in yearly revenue.
Does TurboPup have any complaints at Shark Tank?
No complaints have been recorded after Kristina’s Shark Tank pitch.
What happened after the pitch?
Daymond and Kristina finished the transaction when the agreement was completed.
They have made $200,000 in sales since collaborating, and they expect to make more than $1 million in sales as a result of more than 700 additional sites and new brand packaging designed by PetSmart.
How much sales they made during the pitch?
They have made $11,000 in sales since starting their business.
What is the average revenue growth rate of TurboPup since inception?
The company is still running along with $2 million in yearly revenue in 2021.
Where can I buy?
Customers can buy at some PetSmart locations as well as on their website.
What is the official website for TurboPup?
The official website is https://turbopup.com/
Can my pet eat it?
Yes, it is made for dogs and cats of all ages.
What is the strategy?
The product line includes both food and treats for dogs and cats. They want to expand to other locations such as Petco and Whole Foods.
How many stores does TurboPup have?
They have more than 700 locations across the United States.
Is safe to buy online?
Yes, you can buy it online.
What is the niche?
The niche is pet food bar for dogs and cat.
What is the market size of TurboPup?
The market size of TurboPup is $2 million.
Is this a privately owned business?
Yes, TurboPup is a privately owned business.
Do they do sales and marketing strategy?
They have partnered with PetSmart for marketing their product in various locations across the United States.
What are the growth indicators of the company?
They have made over $200,000 in sales since collaborating with Daymond John.
Is there any opportunity?
Yes, they can sell their product worldwide to get more profits.
What is the revenue model of the company?
The revenue model of the company is recurring. They sell monthly subscription and offer discounts to get more profits.
What is the stage of the company?
The stage of the company is startup. They have an idea and need funding for start their business.
What are the growth strategies of the company?
They want to find more companies where there is no competition for pet food, and they had started negotiations with other stores.
What do you like about TurboPup?
I like the fact that it is an innovative product for pets. The pet food bars are made from quality ingredients, and it looks like a good business opportunity.
Who is the target market?
The target market for TurboPup is pet owners and cat and dog lovers/owners.
How can I contact them?
One can contact them directly on their official website.
How long does it take for orders to be delivered?
It depends on their location, but orders ship within one business day.