Shefit is a customizable, adjustable zip-up sports bra. Sarah Moylan founded this in 2010. As of March 2024, Shefit’s net worth is $7.1 million. They’re pulling in a whopping $7 million in annual revenue.
In January 2016, they appeared on Season 07 of Shark Tank USA and made a deal with Daymond John, for $250,000 for 33.3% of equity. The final valuation was $750, 750 down from the founder’s initial estimate of $1.25 million.
After its appearance on the Shark Tank, Shefit witnessed significant growth in sales. The company received exposure through the show and expanded its products over time. Shefit is still active in business. You can purchase their products via the company website, Amazon, and selected stores.
Shefit Net Worth
Net worth | $7.1 million (2024) |
Annual Sales Revenue | $7 million (2023) |
Profits | – |
Lifetime sales | – |
Investor | Daymond John |
Founder | Sarah Moylan |
Employees | <25 |
Shefit Net Worth Timeline
Net Worth 2024 | $7.1 million |
Net Worth 2023 | $7 million |
Net Worth 2022 | $7 million |
Net worth valuation in 2016 after appearing on Shark Tank | $750,750 |
Net worth valuation in 2016 before appearing on Shark Tank | $1.25 million |
Shefit Pitch on Shark Tank
Company name | Shefit |
Product | A customizable, adjustable zip-up sports bra |
Episode | Season 07 Episode 15 |
Founder | Sarah Moylan |
Asked for | $250,000 for 20% equity |
Final deal | $250,000 for 33.3% equity |
Shark | Daymond John |
Location | Grand Rapids, Michigan |
Don’t miss these products from Season 7
Shefit Founder
Sarah Moylan founded Shefit in 2010. Crowned as Miss Michigan in 2008, Sarah is an outgoing, determined character. She is a fitness enthusiast, and her passion for fitness paved the way for the creation of Shefit. Shefit’s founder, Sarah Moylan, has a net worth of over 7 Million USD as of 2024.
Key accomplishments
Year | Accomplishment |
2016 | Shefit was featured on Shark Tank and secured a deal |
2018 | Shefit received the Healthy Fitness Award by SELF for the Best High Impact Sports Bra She fit got featured on the Entrepreneur 360 list |
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 Shefit and its continued success.