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Sunscreen Mist Shark Tank Update

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Have you always worried about being in the sunlight for too long but always forget applying your favorite sunscreen?

Are you worried about the fact that even though you apply sunscreen on your face, other parts that are exposed to sunlight are in constant danger?

If yes, then Sunscreen Mist is here with an immensely helpful solution!

The company has come up with a sunscreen-applying booth that sprays your whole body with sunscreen so as to protect all your body parts from harmful sunlight radiations.

Sunscreen Mist at a Glance:

IdeaBulk Sunscreen Dispenser
FoundersTony Fayne and Josh Kaplan
Asked For$400,000 for 15%
Accepted DealNo offers
SharksNone
Business statusIn Business
Episode No.Season 6, Episode 28

Index:

What is Sunscreen Mist?

Sunscreen Mist is a company that manufactures sunscreen bulk misting booths that are its patented technology aimed at providing a whole-sole solution to all sunscreen needs with a push of a single button.

The sunscreen Mist product is engineered for various settings such as hotels, resorts, water parks, and other outdoor venues.

The mister ensures complete coverage for protection from the harmful UV radiation of the sun. They also provide compatible sunscreen products to go well with the machine.

Founder Story:

The pair of founders founded Sunscreen Mist in the year 2007 when they came across the statistics that only 30% of people apply sunscreen before spending time in the sun, unaware of the grave consequences of prolonged exposure to direct sunlight.

The pair knew that staying in the sun can cause sunburn and on the exposure being increased above a certain level it can also lead to skin irritation and eventually skin cancer.

Owing to the dangers of being in the sunlight for too long, the duo developed an easy and hassle-free way of applying sunscreen

Did Sunscreen Mist get a deal on Shark Tank?

Tony and Josh enter the Tank seeking an investment of $400,000 against the equity of 15% in the company.

They explain their product with a demonstration of their misting booth and tell about the pricing of the machine. They charge $6990 for wholesale,$17,000 in retail for the machine, and $31,000 for the booth.

They also proclaim that their technology is patented and their customer network consists of large companies like MGM Grand in Las Vegas.

The transportation of the booths to various events is managed by an owner in NY.

After the presentation, all the sharks felt that their product didn’t actually solve a real problem, it rather focused on creating a problem for their developed solution.

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They also couldn’t agree with the steep pricing point of the product and hence the founders had to return from Shark Tank without a deal.

What happened to Sunscreen Mist after Shark Tank?

Though the duo could not manage to fish out a deal from the Sharks yet they managed to grab lots of eyeballs through their appearance on the show. They started blowing up quite a lot after the episode went on air.

They upgraded their product by adding cooling aloe, bug repellent, and tan accelerators in it.

Currently, they have 18 machines deployed in North America,1 in South America,2 in Africa,1 in the Middle East,1 in Rome,1 in pain,1 in Germany,1 in Norway,2 in Asia, and 1 in Australia along with remote deploying in events.

As of 2023, the company is still in flourishing business and generates an annual revenue of about $2-$4 million.

Product Details:

  • The flagship product is a bulk sunscreen dispenser much like a water dispenser in amusement parks.
  • Each station comes with a sunscreen of your choice, you can choose either an SPF 15 or 30, bug repellent with SPF 30, a tan enhancer, or even Alovera gel.
  • The mister comes in three varieties: a fully automated mister, a duel user applied station, or a single-user applied station.
  • The mister also contains a separate applier which you can use o apply sunscreen to yourself or others.
  • Every application costs around $1-$5 and the booth costs around $31,000.

What is the Net Worth of Sunscreen Mist?

Before entering the tank and during their presentation the company had valued itself at $2.6 million, yet they couldn’t gain a probable investor in the sharks.

After their appearance on the show, the company capitalized on the fame quickly reaching an annual revenue of $2-$4 million and a net worth of around $2 million as of 2023.

The company still has a long way to go requiring a lot of focus on marketing and production.

Who are the main competitors of Sunscreen Mist?

The major competitors of Sunscreen Mist are:

  • Pittsburgh Laundry Systems Inc. (with a net worth of around $5 million)
  • Fluid Power Solutions (with a net worth of around $5 million)
  • Cleasby Manufacturing Inc. (with a net worth of around $9.9 million)
  • Locations (with a net worth of around $7 million)

Is Sunscreen Mist still in business?

Yes, Sunscreen Mist is still in business and has managed to stay afloat despite not getting any potential investors in the form of Sharks.

The company continues to research and develop its product making it even more beneficial than the prototype they had during Shark Tank.

It will be interesting to see how the company performs in the coming years but for now, it is highly profitable.

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FAQs:

What is Sunscreen Mist?

Sunscreen Mist is a company that manufactures sunscreen bulk misting booths that are its patented technology aimed at providing a whole-sole solution to all sunscreen needs with a push of a single button.

What's the net worth of Sunscreen Mist?

Before entering the tank and during their presentation the company had valued itself at $2.6 million, yet they couldn’t gain a probable investor in the sharks.

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