“5 Minute Furniture” got featured on Shark Tank America in February 2012. The current net worth of 5 Minute Furniture is unknown, as the business is not in operation since 2022. And the product is no longer available in the market. According to our online research, 5 Minute Furniture went out of business in 2022.
| 5 Minute Furniture’s Net worth before appearing on Shark Tank | 1 Million USD (business valuation) |
| 5 Minute Furniture’s Current Net worth (2023) | Out of Business |
| Episode | Season 03 Episode 06 |
| Company name | 5 Minute Furniture |
| Product | Furniture that can be assembled quickly without the use of screws, nails or tools |
| Founder | Jared Joyce |
| Asked for | $250,000 for 25% Equity |
| Final deal | Declined Offer |
| Shark | No Shark |
| Business status | Out of Business |
| Location | USA |
5 Minute Furniture’s founder, Jared Joyce’s net worth is unknown as of 2023.
Conclusion:
Some companies that appear on the show have not achieved great success, and 5 Minute Furniture was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, 5 Minute Furniture went out of business in 2022. And the product is no longer available in the market.