Garage Door Lock is a deadbolt lock for garage doors. This was founded by Bryan White in 2002. As of November 2023, Garage Door Lock’s net worth is $3 million. Moreover, they’re pulling in a whopping $3 million in annual revenue.
In March 2014, they appeared on Season 05 of Shark Tank USA and made a deal with Daymond John for $275,000 for 35% of equity. The final valuation was $785,714, down from the founder’s initial estimate of $916,666.
Garage Door Lock had a notable success after the pitch, and the company kept growing. As of November 2023, Garage Door Lock is still up in business. Brayan rebranded the company website in 2022, as ELockSys. You can purchase their products via the website.
Garage Door Lock Net Worth
| Net worth | $3 million (2023) |
| Annual Sales Revenue | $3 million (2023) |
| Profits | $112,000 |
| Lifetime sales | – |
| Investor | Daymond John |
| Founder | Bryan White |
| Employees | – |
Garage Door Lock Net Worth Timeline
| Net Worth 2023 | $3 million |
| Net Worth 2022 | $3 million |
| Net Worth 2021 | $2 million |
| Net Worth 2020 | $1 million |
| Net worth valuation in 2014 after appearing on Shark Tank | $785,714 |
| Net worth valuation in 2014 before appearing on Shark Tank | $916,666 |
Garage Door Lock Pitch on Shark Tank
| Company name | Garage Door Lock |
| Product | A deadbolt lock designed for garage doors |
| Episode | Season 05, Episode 21 |
| Founder | Bryan White |
| Asked for | $275,000 for 30% equity |
| Final deal | $275,000 for 35% equity |
| Shark | Daymond John |
| Location | San Diego, California |
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Garage Door Lock Founder
Bryan White founded Garage Door Lock in 2002. Bryan holds a bachelor’s degree in Interpersonal Communications from the University of Central Florida. He is a performing artist as well as a skillful entrepreneur. Bryan got the inspiration to start Garage Door Lock based on a personal experience. Garage Door Lock’s founder, Bryan White, has a net worth of 2.4 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2014 | Garage Door Lock got featured on Shark Tank |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Garage Door Lock and its continued success.
