The Handy Pan is a specially introduced pan that can perform all the duties a typical pan does more effectively. “Handy Pan” got featured on Shark Tank USA in May 2022, in Season 13 Episode 21. It was founded by Josh Conway and Adam Chaudry. Josh and Chaudry appeared at Shark Tank seeking $10,000 for 20% Equity in their company. As of 2023, Handy Pan has a net worth of $250,000.
So the problem is what happened to Handy Pan after Shark Tank? Let’s dive into the article and find out what happened and how Hyndy Pan doing now.
Handy Pan Net Worth 2023
Since appearing on Shark Tank, Handy Pan has experienced tremendous growth and success. According to online sources, Handy Pan has an estimated net worth of $250,000.
After releasing their product in 2019, they made only $7900 in revenue. But after the Shark Tank episode airing, they sold all of their inventory. Even though owners make good money from the product, they still don’t publish any revenue details.
|Handy Pan’s Net worth before appearing on Shark Tank
|50,000 USD (business valuation)
|Handy Pan’s Current Net Worth (2023)
Handy Pan’s founders Josh Conway and Adam Chaudry have a net worth of 10,000 USD as of 2022.
Who is the owner of Handy Pan?
Josh Conway and Adam Chaudhry are the founders of Handy Pan. Josh is a realtor and the GM of a company based on strategic technology inventions.
When it comes to Adam is a graduate of Business administration and a doctorate holder in Law. Currently, he owns the Chaudry Law, LLC Firm while finding the path for their ultimate tool for kitchen messes. The guys had been friends since childhood and had tried several inventions.
Handy Pan SHARK TANK UPDATE
They had asked for just $10,000 for 20% of the business. The pair had gotten less than $10,000 from the sales then and wanted to extend their business into a retail status.
While other sharks were inspecting the equipment, Robert wanted to know why Josh and Adam wanted a small amount.
Barbara was curious about why the product made just a small revenue, as small as $7900. Josh said that they had sold a small number of products.
Also, Josh mentioned that they had gone after online selling, which did not work. In the end, Lori Greiner agreed to give what the pair had asked, $20,000 for 20% of equity.
What happened to Handy Pan After the Shark Tank
Josh and Adam got the start of what they sought. They could expand their business and surpass the margins they wished to break. The $10,000 profit is one of them. The price has been set per Handy Pan at $39.99 on their website.
But the customers can purchase it at $29.99 with a discount. Also, the company had issued coupons for Handy Pan products which were 15% off the actual price.
When looking at the approach Josh and Adam took after the Shark tank, it is clear they have found the path. The company is creating the products in large quantities and sending them to all parts of the country.
Competitors of Handy Pan
The company’s competitors are Zwilling Madura Plus Nonstick Skillet, All-Clad D3 Stainless-Steel Fry Pan, and Cuisinart Chef’s Classic Nonstick Skillet are crucial.
But they all offer higher prices for the buyers. Along with the features and the best price, the Handy Pan has been a frequent choice for buyers.
Yes, With a net worth of around $250,000, Handy Pan is very much alive and still in business.
As of 2023, Hany Pan has an estimated net worth of $250,000