Bag bowl is a collapsible bag that can be converted or turned down into a bowl that is completely unique, innovative, crazy, and useful idea of using one product in two different ways within a few seconds of handwork.
It is easily convertible so any individual can perform it. No need to carry a bowl if you have already carried something to eat in the Bag of Bag bowl as you can use the same for it. It can be recycled and used again, which means it is an eco-friendly product.
Bag bowl at a glance:
| BUSINESS | Zippered Storage Bags |
| ENTREPRENEUR | Brian Fleming And Kevin Fleming |
| ASKED FOR | $40,000 For 33% |
| ACCEPTED OFFER | $40,000 For 33% |
| SHARK | Lori Greiner |
| BUSINESS STATUS | Out Of Business |
| Website | Bag Bowl Website |
Index:
Who is the founder of Bag bowl?
It was founded by the Fleming brothers, Kevin and Brian.
Kevin built it with the idea of taking a dog with you and carrying an extra bowl for him to poo. To avoid the headache of mess, he turned his idea into reality- a Bag into a bowl. It also helps to consume less space as one came and the other disappeared.
Kevin used to manufacture different kinds of products in his work whereas Brian is a real estate man. Both came to Bag bowl as they thought the product has the potential to go and maintain its position in the market.
How was the Bag bowl Shark Tank pitch?
In season 4 episode 4, the Fleming brothers came with a pitch of $40,000 for 33% for their business. They explained about its use and showed some live samples to turn a Bag into a bowl. Sharks were impressed by seeing something new on the platform.
After a few questions, Mark called Kevin and Brian ‘Wanterpreneures’ and the next moment, Brian called Mark “Cubes”, Mark went out for the same reason.
Daymond and Kevin followed up with Mark and went out. Robert offered $40,000 for 45%, Lori encountered the same deal that they wanted as she thought it will sell on QVC and Fleming brothers accepted the deal.
What happened to Bag bowl after Shark Tank?
After the Shark Tank show, the Bag bowl was not available for 2 months period due to difficulties in productions in 2012. They ‘Themed’ its availability will be soon available in 2013.
According to their demand on Shark Tank, Bag Bowl is valued at around $120,000. They came into the market with additional products such as the daddio spill stopper training cup and Bag bowl’s updated versions. They also ran the business till around 2018.
In 2018, the brothers closed down both the business and went again to their individual paths, Brian returned to his real estate and Kevin joined the cloud computing industry.
What’s the net worth of Bag bowl?
As per the 2021 report, the business was closed down in late 2018, till that time they used to earn money or Revenue through an online platform as they made it available on Amazon.
They have started a new product in the 2013 Stopper Training Cup which also filled their pockets with money. After closing the business, both are working in different sectors for their living their life.
At the time of the shark tank appearance, the Bag bowl was valued at around $120,000.
Investors details and Funding:
Lori Greiner is an American television personality, investor, entrepreneur, speaker, author, Businesswoman and she invests in start-up and small businesses through the Shark Tank platform and other modes.
Competitor Analysis:
Few of its competitors who didn’t allow Bag bowl to run long in the market are or maybe:-
- Senso home as its lunch box can turn into a bag pack
- Rachael Ray products
These are not the same as Bag Bowl but are somewhat other resourceful alternatives to it.
Is Bag bowl still in business?
The company’s deal with Barbara came into effect after two months of airing their episode on Shark Tank because they had to face some production difficulties.
The products became available on Amazon before Christmas 2012 but in February 2018, they went out of business and Brian went on to continue his real estate business and Kevin is indulged in cloud computing.
Interesting Facts:
Few interesting facts about it:-
- It can be turned into Bowl
- Bag Bowl can be useful as Bag
- It can be recycled and reused
- Bag Bowl reduces the burden of carrying bowl sets and washing them after use.
It is two in one combination set, so it consumes less space as one appears and the other turns down.
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What is Bag bowl?
Bag bowl is a collapsible bag that can be converted or turned down into a bowl that is completely unique, innovative, crazy, and useful idea of using one product in two different ways within a few seconds of handwork.
What happened after Shark tank?
In 2018, the brothers closed down both the business and went again to their individual paths, Brian returned to his real estate and Kevin joined the cloud computing industry.