RinseKit is a portable shower system. This was started by Chris Crawford and Eric Fagan in 2014. As of October 2023, RinseKit’s net worth is around $2 million. They’re pulling in a whopping $1.8 in annual revenue.
In February 2017 they appeared on Season 8 of Shark Tank USA and made a deal with Daymond John, for $250,000 for 7.5% of equity plus sales commission. The final valuation was $3.3 million, down from the founder’s initial estimate of $5 million.
RinseKit gained much popularity after the Shark Tank pitch. It is a demanding product among people doing outdoor activities. As of October 2023, RinseKit is actively running its operations. You can head to their website to make purchases. RinseKit is also available on Amazon, Walmart as well as selected retailers.
RinseKit Net Worth
| Net worth | $2 million (2023) |
| Annual Sales Revenue | $1.8 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investor | Daymond John |
| Founders | Chris Crawford and Eric Fagan |
| Employees | 3 – 10 |
RinseKit Net Worth Timeline
| Net Worth 2023 | $2 million |
| Net Worth 2022 | $1.8 million |
| Net Worth 2021 | $1.5 million |
| Net Worth 2020 | $1.5 million |
| Net worth valuation in 2017 after appearing on Shark Tank | $3.3 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $5 million |
RinseKit Pitch on Shark Tank
| Company name | RinseKit |
| Product | A portable shower system |
| Episode | Season 08 Episode 15 |
| Founders | Chris Crawford and Eric Fagan |
| Asked for | $250,000 for 5% equity |
| Final deal | $250,000 for 7.5% equity plus sales commission |
| Shark | Daymond John |
| Location | Vista, California |
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RinseKit Founders
Chris Crawford and Eric Fagan founded RinseKit in 2014. Chris came up with the idea of making RinseKit to rinse off after surfing. Along with the help of his business partner Eric, they could turn this into a successful business. RinseKit’s founders Chris Crawford and Eric Fagan have a net worth of $9 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Conducting a successful Kickstarter Campaign raising over $800,000 of funding |
| 2017 | RinseKit appeared on Shark Tank season 8 and managed to win a deal |
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 RinseKit and its continued success.