Scrub Daddy is a cleaning product manufacturing company that is popular for its smiley-shaped cleaning sponge. As of 2023, Scrub Daddy’s Net Worth is estimated at 250 million USD, and Its founder Aaron Krause’s net worth is 70 million USD.
Scrub Daddy appeared in Shark Tank Season 4, Episode 7. So, the founder, Aaron Krause, entered the Show with the hope of $100,000 for 10% of his company. However, it took a historical deal of $200,000 for 20% with Lori Greiner.
But how does Scrub Daddy reach this much net worth after Shark Tank? Let’s find out more.
- 1. How Much Is Scrub Daddy’s Net Worth In 2023?
- 2. How is the Scrub Daddy doing now?
- 3. What is Scrub Daddy?
- 4. Who owns Scrub Daddy?
- 5. What happened to Scrub Daddy in Shark Tank?
- 6. Scrub Daddy Shark Tank Update – What Happened After the Shark Tank?
- 7. Scrub Daddy | product review
- 8. Who are the competitors of Scrub Daddy?
- 9. FAQ
How Much Is Scrub Daddy’s Net Worth In 2023?
Scrub Daddy has a net worth of around $250 million in 2023. Also, its revenue is estimated to be over $209 million in 2023. And lifetime sales are estimated at around $225 million until now.
However, the company was worth about $1 million when it appeared on the Show. And reached $110 million in retail sales in just four years. But now, the company has sold more than 25 million sponges since appearing on Shark Tank in 2012.
|Scrub Daddy’s Net worth before appearing on Shark Tank
|1 Million USD (business valuation)
|Scrub Daddy’s Current Net worth (2023)
|250 Million USD
|Season 04 Episode 07
|$100,000 for 10% Equity
|$200,000 for 20% Equity
|Pennsauken, New Jersey
But knowing how the company is doing now is important.
How is the Scrub Daddy doing now?
Scrub Daddy is still in business in 2023. And the brand still has 4.5 to 5 stars on Amazon. Also, the company opened its new global headquarters in Pennsauken. Recently, it had a bilateral partnership agreement with Unilever’s household cleaning products brand Cif.
Also, the company introduced over 88 new cleaning tools. And the company is often updating its social media to interact with the customers. Followingly, the company recently shared its ten years of success with ABC Shark Tank Success Story Recap. Also, the brand now has more than sixty online and in-store retailers. However, Scrubdaddy shared recent activities with The CEO magazine with its plans recently.
So many curious about what is this fantastic cleaning product.
What is Scrub Daddy?
Scrub Daddy is a cleaning sponge manufacturing company. It’s well known for the smiley-faced cleaning sponge. It is made of polymer that can change the texture with cold and warm water.
This gives the product a unique ability to clean soft and rough rustic surfaces. The company owns the product and design patent too. With massive success after appearing on Shark Tank, it introduced new products like Scrub Mummy and Scrub Daisy.
So everyone wants to know more about the mind behind this amazing idea.
Who owns Scrub Daddy?
Aaron Krause is the founder and the owner of the company Scrub Daddy. He is a Bachelor of Psychology from Syracuse University. He was an entrepreneur since the beginning and started Dedication To Detail, Inc. and sold it to start a new company.
Followingly he started Scrub Daddy, Inc., now a multimillion-dollar company. He’s happily married with two daughters and working as a motivational speaker too.
What happened to Scrub Daddy in Shark Tank?
Aaron Krause pitched the Show with the hope of $100,000 for 10% of his company. He gave an amazing introduction to the product. And the Sharks were impressed to hear about his sales figures.
Followingly Daymond Jhon offered $50 000 for 15% of equity.
But then Lori offered $100,000 for 30% of shares. With that, Daymond and Kevin both tried to win the deal. However, Daymond finally decided to drop the deal as Lori raised the offer to $200,000 and 25%.
And at the end, after some negotiations, he accepted Lori’s offer of $200,000 for 20% of equity.
Scrub Daddy Shark Tank Update – What Happened After the Shark Tank?
Scrub Daddy left the shark tank with the deal with Lori Greiner and finalized the deal soon after the Show. It received a lot of customer attention after the Show premiered in 2012.
They moved to a bigger manufacturing space in Folcroft, Pennsylvania. And partnered with leading retailers like Bed Bath & Beyond, Wal-Mart, Home Depot, Target, and QVC. By 2015 it became the most successful Shark Tank brand in history.
Then it introduced many new products, including the Scrub Daisy Dishwashers system. And recently, it partnered with Unilever for more expansion around the world.
The company is worth around $250 million and still features as one of the most successful Shark Tank products ever.
Scrub Daddy | product review
Scrub Daddy received positive reviews since the beginning. It managed to maintain over 4.5 stars on Amazon. Customers appreciated its convenience and odor-free cleaning ability. Also, they compared the brand with other cleaning sponges in the market.
They share that Scrub Daddy makes cleaning easier and less messy than other sponges. And they love the different experiences with cold water and hot water. Also, they comment on how useful the eye and mouth part of the smiley face is to clean tools like knives.
Also, many appreciate it because it lasts longer than other sponges in the market. However, many are still curious Are there any alternatives for Scrub Daddy?
Who are the competitors of Scrub Daddy?
Scrub Daddy has a Net Worth of around $250 million in 2023. And with its gained popularity and new products, net worth gradually increases daily.
Scrub Daddy is still in business and known as one of the most successful Shark Tank products ever.
Aaron Krause is the founder, owner, and CEO of the Scrub Daddy cleaning product manufacturing company.
Lori Greiner won the deal with Scrub Daddy on Shark Tank. Even though other Sharks tried to secure a deal, Lori offered $200,000 for 20% of equity for the deal.
Scrub Daddy suggests that the product last around two weeks. However, it depends on how often you are using the product.
Scrub Daddy is still in business in 2023. And the company is currently worth around $250 million.