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Fur Zapper Shark Tank Update

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A device that could separate dog hair from clothes. Sounds helpful right? That’s what Fur Zapper is. Fur Zapper is a silicon-based foam that comes in the size of a hockey puck and has paw print openings. Fur Zapper is put in the washer and dryer with clothes filled with dog hair and all the hair is easily removed from the individual’s favorite clothing items.

Fur Zapper was created in 2016 as a patent-pending product and is available online and in all Walmart stores. Fur Zapper is loved by people, especially animal lovers and pet owners.

Fur Zapper at a Glance:-

IdeaA laundry device used to remove fur from the clothes
FoundersHarry Levin and Michael Sweigart
Asked For$600,000 for 10%
Accepted Deal$600,000 for 15%
SharksLori Greiner
Business statusIn Business
Episode No.Season 12, Episode 20
WebsiteFur Zapper
Buy on AmazonBuy Now!

Index:

Who are the founders of Fur zapper?

Michael Sweigart and Harry ‘Hairy’ Levin are the founders of Fur Zapper. Michael has experience in SEO and web marketing for car dealerships. He has a habit to note down his ideas in his note down because he is a confessed inventor. Fur Zapper was one such idea. While working Fright Fest part-time, he had a Zombie mask that he dropped on the floor and it got covered in dog hair.

When Michael washed the mask, all the hair came off easily and when he put it in the washer and dryer, not a single dog hair got stuck on his clothes. He studied the materials of the mask and decided to create Fur Zapper. When Harry suggested the Made in America program of Walmart, they went to Bentonville, Arkansas, and talked to pet and laundry buyers. Walmart accepted the product and placed it in all of its stores.

Michael went to a patent attorney and got his patent pending confirmation and also created a website. He went to Amazon for the widespread demand after contacting a manufacturer in Wisconsin for manufacturing the product. They just wanted to tap the online market and wanted a shark’s help for the same.

Did Furzapper get a deal on the Shark Tank?

Michael and Harry came to the shark tank looking for an investment of $600,000 for 10% equity in exchange for sharks’ expertise to build their business floors. The duo presented themselves very well and created a heated moment by disclosing their sales of $5 million. Once the sharks heard about the sales they just started giving offers to them. Sharks asked them why they are here if they are doing so well in terms of sales and profits.

See also  Butter Cloth Shark Tank Update

Michael shared that they wanted their manufacturing platforms to be set up. Mr. Wonderful came up with two offers one is for $600,000 as a loan at a 9.5% interest rate for 10% equity in the business and another one is for $600,000 for 20% equity in the business. Barbara Corcoran gave an offer of $600,000 for 50% equity in business exchange.

Lori Greiner gave an offer of $600,000 for 19% equity in the business. Mark Cuban gave an offer of $600,000 for 15% equity in the business. Lori Greiner reframed her offer to Mark’s offer. Duo took the deal from Lori Greiner at an extended line of credit.

What happened to Furzapper after the Shark Tank Show?

On the show, Furzapper get a deal closed with Lori Greiner but, Unfortunately when the show aired the deal wasn’t closed to date. It’s hardly been 1.5 months maybe there might be some technical and professional reasons behind it.

During the pitch, they came up with a valuation of $6 million which was later updated to $4 million by Lori Greiner. After the shark tank show,  they gradually got their position in Walmart, Ace Hardware, Chewy, Bed Bath and Beyond, Petland and Amazon. As per the current update of 2022, the deal hasn’t closed yet.

They had lifetime sales of $5 million when they started, and the sales updated to $3 million in 2021. As of 2022, they are doing a total sales of $4 million annually.

Furzapper has a double pack of Furzapper pet hair removal devices ($14.99), a Single pack of Furzapper for hair removal ($10.99), a pet grooming glove ($12.99), a Furzapper T-shirt  $25, Furzapper Hat ($20) and portable lint sheet for ($8.97). Fur zapper’s journey completely changed after the show aired. As of 2022, they are planning to expand more along with the addition of a few more products.

Competitors of Furzapper are:-

  • Expedia Pets
  • Enrych
  • Pet Boutique
  • Tail Waggers
  • Lucky Paws Pet

What is the net worth of Furzapper?

The valuation they asked for during the show was $6 million as per the founders. But finally, the net worth of Furzapper is $4 million as per the Sharks.

Is Furzapper still in business?

Furzapper is still in business. They had recently got placed in Walmart, Ace stores, and other mega major stores. Furzapper sells other accessories products too in their product line. Bizz Bucket wishes them good luck and prosperity.

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FAQs:

What is Fur Zapper?

Fur Zapper is a silicon-based foam that comes in the size of a hockey puck and has paw print openings. Fur Zapper is put in the washer and dryer with clothes filled with dog hair and all the hair is easily removed from the individual’s favorite clothing items.

What's the net worth of Fur Zapper?

The valuation they asked for during the show was $6 million as per the founders. But finally, the net worth of Furzapper is $4 million as per the Sharks.

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