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Their website is no longer active and their social media presence has been inactive since 2019.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) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Andrew Scherer |
| Employees | Not 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 name | Peanut Butter Pump |
| Product | Pump for peanut butter jars |
| Episode | Season 11 Episode 07 |
| Founder | Andrew Scherer |
| Asked for | $200,000 for 15% equity |
| Final deal | None |
| Shark | None |
| Location | USA |
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
| Year | Accomplishment |
| 2019 | Appeared on Shark Tank season 11 |
| 2020 | Expanded distribution and introduced new product variations. |
| 2021 | Received 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.
