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

RinseKit-Shark-Tank-US-Net-worth-Update

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
InvestorDaymond John
FoundersChris Crawford and Eric Fagan
Employees3 – 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 nameRinseKit
ProductA portable shower system
EpisodeSeason 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 
SharkDaymond John
LocationVista, California 

Don’t miss these products from Season 8

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

YearAccomplishment
2016Conducting a successful Kickstarter Campaign raising over $800,000 of funding 
2017RinseKit 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.

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