in , ,

Peanut Butter Pump Net Worth 2023 Update (Before & After Shark Tank)

Peanut Butter Pump, a pump for peanut butter jars, was started by Andrew Scherer in 2017. As of November 2023, Peanut Butter Pump net worth is $1 million and they’re pulling in a whopping $1.3 million in annual revenue. 

In 2019 they appeared on season 11 of Shark Tank USA seeking $200,000 for 15% of equity valuing the company at $1.33 million. But the Sharks were not interested in investing in Peanut Butter Pump due to their higher valuation. 

Their website is no longer active and their social media presence has been inactive since 2019. However, there is no official announcement of their closure and there are still some online retailers selling their product. Therefore, the status of the company is uncertain.

Peanut Butter Pump Net Worth

Net worth$1 million (2023)
Annual Sales Revenue$1.3 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorNone
FounderAndrew Scherer
EmployeesNot publicly available

Peanut Butter Pump Net Worth Timeline

Net Worth 2023$1 million
Net Worth 2022$1 million
Net worth valuation 2019 after appearing on Shark Tank  $360,000
Net worth valuation 2019 before appearing on Shark Tank  $1.3 million

Peanut Butter Pump Pitch on Shark Tank

Company namePeanut Butter Pump
ProductPump for peanut butter jars
EpisodeSeason 11 Episode 07
Founder Andrew Scherer
Asked for$200,000 for 15% equity
Final dealNone
SharkNone
LocationUSA

Don’t miss these product from Season 11

Peanut Butter Pump Founder

Andrew Scherer found Peanut Butter Pump in 2017. He is a serial entrepreneur with a passion for innovative kitchen tools. Scherer developed the concept for the Peanut Butter Pump out of his own frustration with the messiness and inconvenience of traditional peanut butter jars. Peanut Butter Pump’s founder, Andrew Scherer,has a net worth of $1 million as of 2023.

Key accomplishments

YearAccomplishment
2019Appeared on Shark Tank season 11
2020Expanded distribution and introduced new product variations.
2021Received positive media coverage and recognition for its innovative design.

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 Peanut Butter Pump and its continued success.

What do you think?

Written by GAG Team

Baubles-Soles-Shark-Tank-US-Net-worth-Update

Baubles + Soles Net Worth 2023 Update (Before & After Shark Tank)

Outer-Shark-Tank-US-Net-worth-Update

Outer Net Worth 2023 Update (Before & After Shark Tank)