Step N Pull is an L- shape, an extruded aluminum item that screws into any commercial or swinging bathroom door. Step N Pull helps you to open the door with the use of your foot. Instead of using the handle to open the door, just use your foot and avoid spreading viruses and germs. Step N Pull is attached to the downside of the door and you just have to step on and pull it to open the door.
Step N Pull can be mounted on any wooden or metal door. Step N Pull has many benefits as it is cost-effective easy to use reduces wastage of toilet paper and gives a touch-free experience also when you hand full. Step N Pull is an ADA – compliant foot-operated device. Step N Pull is manufactured in various colors to match the decor.
StepNPull at a Glance:-
| Idea | door extension tool that opens doors when stepped on, to help prevent the spread of germs |
| Founders | Mike Sewell |
| Asked For | $300,000 for 3% equity |
| Accepted Deal | $300,000 for 6% equity |
| Sharks | Kevin O’Leary |
| Business status | In Business |
| Episode No. | Season 12, Episode 19 |
| Website | StepNPull |
| Buy on Amazon | Buy Now! |
Index:
Who are the founders of StepNPull?
Mike Sewell is the founder of Step N Pull. Ryan and Kelly Coddington, friends and partners of Mike, were together with Mike during the initial stage. In 2007, Ryan noticed at the workplace that people used toilet tissue to open the door or their hands directly, which was one of the major factors for germs.
So, they discussed this and came up with a solution called ‘Step NPull ‘ to avoid all these germs spreading. After that, they enlisted and finally made the prototype of Step N Pull and began manufacturing and shipping it to the market through the garage.
Did StepNPull get a deal on the Shark Tank?
Mike came on the show seeking an investment of $300,000 in exchange for 3% equity. He had brought an actor along with him who played a small role on the stage. He got on the show and acted to pee in the restroom area and then used the handle to open the door. After that, Mike explained his product and handed samples to the sharks. When asked about his sales figures, Mike shared that during the initial year they made $350,000 in sales, but Covid- 19 has worked as a booster for Step N Pull and they made sales of $1.7 million in March 2020.
All the sharks were very impressed with the number and figures. Kevin O’Leary was the first to roll out an offer of $300,000 in exchange for a 10% equity in exchange. Daymond John jumped onto the pitch with an offer of $300,000 in exchange for 12% equity. Daymond said Kevin will bring nothing to the table in comparison if he can bring down the production costs and will also seek a partnership with the International Door Association.
Lori Greiner said she would help him to sell it directly to the customer and gave an offer of $300,000 in exchange for a 5% equity in addition to a 50-cent royalty per unit till she recovers $500,000 and 20 cents per unit in perpetuity. Daymond John dropped his offer to $300,000 in exchange for 8% equity. Mike asked Daymond if he’d do the deal for 7% equity. Kevin said he’d do it and made another offer of $300,000 in exchange for 6% equity. Mike accepted the offer and a deal was made.
What happened to StepNPull after the Shark Tank?
After the show, Step N Pull opened the real door to its success. Unfortunately, the deal made on the show was not closed between Mike and Kevin. After the show, the company had to expand when big companies like Google, Coca-Cola, Walmart, and Facebook showed interest in the Step N Pull
Step N Pull gradually made its expansion with many international companies; Australia, the United Kingdom, South Africa, Slovenia, and Hong Kong. Several large organizations also approached to buy the products. During the pitch, they asked for a valuation of $10,000,000 and in the end, they got a valuation of $5,000,000. Step N Pull sells for $29.95 per unit and the manufacturing cost is around $ 8 to $9 per piece.
In July 2021, Snapchat officially announced it’ll add Step N Pull soon. Step N Pull is available on their websites along with various offline stores and Amazon.
Competitors of StepNPull
There are no competitors for Step N Pull but there are various other alternatives to deliver a similar output for killing the germs. Hand sanitation is the best for killing germs on sensor doors and others.
What is the net worth of StepNPull?
At the time of the show, they were valued at around $5 million. The estimated net worth of Step N Pull is around $15- $20 million. Step N Pull is making more than $1 million in sales.
Is StepNPull still in business?
Step N Pull is still in operation and has made its journey on the path of achievement and success. Step N Pull has covered the various international markets and the biggest appraisal of Step N Pull is that they did their best to cut down the chain of Covid – 19 and still follow that.
StepNPull social links:
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FAQs:
What is StepNPull?
Step N Pull is an L- shape, an extruded aluminum item that screws into any commercial or swinging bathroom door. Step N Pull helps you to open the door with the use of your foot. Instead of using the handle to open the door, just use your foot and avoid spreading viruses and germs.
Who founded StepNPull?
Mike Sewell is the founder of Step N Pull. Ryan and Kelly Coddington, friends and partners of Mike, were together with Mike during the initial stage. In 2007, Ryan noticed at the workplace that people used toilet tissue to open the door or their hands directly, which was one of the major factors for germs.