Shark-Tank-US-Net-worth-Update-s05e14-LockerBones

LockerBones, a locker organization system founded by Greg Cronin and Stephen Simms, gained attention after its appearance on Shark Tank in 2014. Although the company secured a deal with Lori Greiner and Robert Herjavec for $175,000 in exchange for 50% equity, the deal eventually fell through.

However, LockerBones benefited from the “Shark Tank effect,” leading to increased visibility and a partnership with Staples for a back-to-school program. As of 2024, LockerBones’ estimated net worth is $943,000, though the company has faced operational challenges and is no longer active, with its website and social media inactive since 2018​.

LockerBones Net Worth

Estimated Net worth$943,000 (2024)
Annual Sales RevenueNot available
Lifetime salesNot available
InvestorsLori Greiner, Robert Herjavec
FoundersGreg Cronin, Stephen Coaches
Employees25 to 50

LockerBones Pitch on Shark Tank

Company nameLockerBones
ProductLocker organizer
EpisodeSeason 05 Episode 14
Founders Greg Cronin, Stephen Coachys
Asked for$175,000 in exchange for 10% equity
Final deal$175,000 in exchange for 50%, divided equally among Lori and Robert
SharksLori Greiner, Robert Herjavec
LocationClinton, Mississippi

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LockerBones Founders

LockerBones was founded by Greg Cronin and Stephen Coachys. The company’s launch date is unknown. Greg Cronin is a serial entrepreneur. They are very smart investors and entrepreneurs.  LockerBones’s founders, Greg Cronin, and Stephen Coachys’ net worth is unknown as of 2024. However based on the deal it should be above $87,000.

Key accomplishments

YearAccomplishment
2023LockerBones expanded its product lines to organizers and accessories.
2014LockerBones was pitched 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 LockerBones and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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