in ,

Stormbag Net Worth 2024 Update (Before & After Shark Tank)

Stormbag’s net worth is $1 million as of January 2024. The company was doing $90,000 in sales by the end of the last financial year. Stormbag, an alternative reusable sandbag, was founded by Miles Huffman and Maurice Huffman in 2007.

In October 2023, they appeared on season 15 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner for $200,000 for 30% equity. The final valuation was $666,666, down from the founder’s initial estimate of $2 million.

The Huffmans started this business as a part of their military surplus business. They have been running it for over a decade. Their appearance on the show and winning a deal gave them more exposure to their alternative sand bag product. It helped the company to boost sales, and as of January 2024, they are actively running the business. You can purchase their products through the company website as well as Amazon.

Stormbag Net Worth

Net worth$1 million (2024)
Annual Sales Revenue$90,000 (2023)
ProfitsNot available 
Lifetime sales$800,000 (2024)
InvestorsMark Cuban and Lori Greiner
investment$200,000 for 30% equity 
FoundersMiles Huffman and Maurice Huffman
Employees<10

Stormbag Net Worth Timeline

Net Worth 2024$1 million
Net worth valuation in 2023 after appearing on Shark Tank  $666,666
Net worth valuation in 2023 before appearing on Shark Tank  $2 million

Stormbag Pitch on Shark Tank

ProductAn alternative reusable sandbag
EpisodeSeason 15 Episode 02
Founders Miles Huffman and Maurice Huffman
Asked for$200,000 for 10% equity 
Company nameStormbag
Final deal$200,000 for 30% equity 
SharksMark Cuban and Lori Greiner
LocationChico, California 

Don’t miss these products from Season 15

Stormbag Founders

Miles Huffman and Maurice Huffman founded Stormbag in 2007. Maurice is a dedicated entrepreneur as well as a passionate musician. He started Swiss-Link, Inc. in 1995, a company purchasing Military Surplus from around the world and wholesale the goods around the U.S. Maurice’s son Miles is the co-founder of Stormbag and the Chief Financial Officer of Swiss-Link, Inc. Stormbag’s founders, Miles Huffman, and Maurice Huffman’s net worths are unknown as of 2024.

Key accomplishments

YearAccomplishment
2023The company got featured on Shark Tank and secured 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 Stormbag and its continued success.

What do you think?

Written by GAG Team

converter

THE ROLE OF OCR IN JPG TO PDF CONVERSION: MAKING TEXT SEARCHABLE

Return Home Net Worth 2024 Update (Before & After Shark Tank)