Safe Grabs, a Multi-purpose BPA-free kitchen tool, was started by Cyndi Lee in 2014. As of September 2023, Safe Grabs’ net worth is $5 Million and they’re pulling in a whopping $1 Million in annual revenue.
On October 21, 2016, they appeared on Season 8 of Shark Tank USA and made a deal with a Lori Greiner, for $75,000 for 25% equity. The final valuation was $300,000, down from the founder’s initial estimate of $625,000.
Safe Grabs Net Worth
|Net worth||$5 Million (2023)|
|Annual Sales Revenue||$1 Million (2022)|
|Lifetime sales||$5 million|
|Employees||20 to 50|
Safe Grabs Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||$4.5 Million|
|Net Worth 2021||$4 Million|
|Net Worth 2020||$3.5 Million|
|Net worth valuation in 2016 after appearing on Shark Tank||$300,000|
|Net worth valuation in 2016 before appearing on Shark Tank||$625,000|
Safe Grabs Pitch on Shark Tank
|Company name||Safe Grabs|
|Product||Multi-purpose BPA-free kitchen tool|
|Episode||Season 8 Episode 05|
|Asked for||$75,000 for 12% equity|
|Final deal||$75,000 for 25% equity|
|Location||Los Angeles, California, 90292, United States|
Don’t miss these products from Season 8
Safe Grabs Founder
Safe Grabs was founded by Cyndi Lee in 2014. She made tools to stop burning her fingers when cooking. She is very smart with the way she handles the company. Safe Grabs’s founder, Cyndi Lee, has a net worth of USD 5 Million as of 2023.
|2018||Become one of the most successful product that made millions|
|2016||Appeared on Shark Tank|
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 Safe Grabs and its continued success.