Michael Elliot created Hammer & Nails in 2013 to give men a relaxing and stylish space for grooming. Although the business didn’t secure a deal on Shark Tank in 2014, it later raised $200,000 from angel investors.
By 2017, Hammer & Nails shifted to a franchise model and grew rapidly, achieving a $100 million valuation. As of 2024, the company has 51 locations across the U.S. and generates $25 million in annual revenue.
Known for its masculine atmosphere and high-end services, Hammer & Nails continues to expand, offering men a unique grooming experience that stands out in the market.
Hammer and Nails Net Worth
| Net worth | $100 million (Business valuation) |
| Annual Sales Revenue | $25 million |
| Investor | None |
| Founder | Michael Elliot |
| Employees | 88 employees |
Hammer and Nails Pitch on Shark Tank
| Company name | Hammer and Nails |
| Product | Nail salon for men |
| Episode | Season 06 Episode 01 |
| Founder | Michael Elliot |
| Asked for | $200,000 for 20% equity |
| Final deal | None |
| Shark | N/A |
| Location | California, USA |
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Hammer and Nails Founder
Hammer and Nails was founded by Michael Elliot in 2013. He founded Hammer & Nails, a men’s grooming franchise, and he’s also won awards for his screenwriting. Hammer and Nails’s founder, Michael Elliotin, has a net worth of 100 million USD as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2018 | In 2018, Michal brought in some prominent industry experts |
| 2021 | In 2021, they expanded with 12 new stores in the USA |
| 2022 | As of October 2022, there are a total of 41 franchises, including the original store |
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 Hammer and Nails and its continued success.