Double Chuck Drill, A drill that uses an electronic switch to disengage one chuck and flick, was started by John Whitehead & Bill Allardyce in 1990. Double Chuck Drill’s net worth was $360,000 at the time of their pitch in 2018 based on the $90,000 for 25% equity of the company.
They appeared on Season 4 of Shark Tank Australia in 2018. However, the Sharks were not interested in investing in Double Chuck Drill. Sharks were not interested but stated that they would help to find a power tool dealer to rescue them from this situation that the founders are in.
We are not 100% sure that the Double Chuck Drill is still in business. But their official website is not active. And the founder’s official website also not working. There are no social media updates about the product. For that reason, it’s up to you to come up with a conclusion about whether the company is in business or not.
Double Chuck Drill Net Worth
| Net worth | $360,000 (Business Valuation) |
| Lifetime sales | – |
| Investor | – |
| Founders | John Whitehead & Bill Allardyce |
Double Chuck Drill Net Worth Timeline
| Net Worth 2024 | Out Of Business |
| Net worth valuation in 2018 before appearing on Shark Tank | $360,000 |
Double Chuck Drill Pitch on Shark Tank
| Product | A drill that uses an electronic switch to disengage one chuck and flick |
| Episode | Season 04 Episode 05 |
| Founders | John Whitehead & Bill Allardyce |
| Asked for | $90,000 for 25% equity |
| Company name | Double Chuck Drill |
| Final deal | No Deal |
| Sharks | None |
| Location | Australia |
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Double Chuck Drill Founders
Double Chuck Drill was founded by John Whitehead & Bill Allardyce in 1990. They are farmers. They have spent a large amount of money to grow and research this product. Double Chuck Drill’s founders, John Whitehead & Bill Allardyce networth unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2018 | Double Chuck Drill appeared on Shark Tank. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Double Chuck Drill was one of them. Sometimes businesses don’t succeed for 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, Double Chuck Drill went out of business. And the product is no longer available in the market.
