What Happened to Potty safe After the Shark Tank pitch?
What is Potty Safe?
The Toilet Safe is a kid potty with a childproof clasp and a detachable waste bowl that can only be removed by adults, not children.
It also boasts a simple-to-clean design.
Who founded Potty Safe?
Potty safe was founded by Colt and Stacy Hall.
According to the company website, the Toilet Safe is the first childproof toilet training chair, and the Halls got the idea for it while potty training their first daughter.
“Our kid liked emptying out the garbage bowl just like she had seen mommy and daddy do a hundred times,” according to the website.
She’d end up spilling it all over the place, adding to the chaos of toilet training!
They looked on the internet for a locked toilet chair but couldn’t find one, so they designed Potty Safe themselves.
Stacy is an accountant, and Colt is a welder. It took them some time to get to market because they didn’t have much experience releasing products.
They performed full-time jobs throughout the day and spent their evenings developing Potty Safe.
Their invention was eventually patented. The waste-bowl is attached to the base, making it difficult – if not impossible – for a child to remove it and spill its contents.
On August 21, 2018, the couple officially established their business and began selling their products online. Initially, they also sold items in a local mom-and-pop shop.
Potty Safes are now readily available on Amazon as well as at Bed, Bath & Beyond, buybuy Baby, and Walmart.
They cost $28.95 and come in grey, yellow, and hot pink.
Every Potty Safe available is likewise made exclusively in the United States.
The duo is very certainly seeking for a Shark to help with more distribution and financing buy orders. Will a Shark think this is a good investment?
What Happened to Potty Safe at the Shark Tank pitch?
Colt and Stacy travel to Shark Tank in search of $50,000 in return for 15% of their firm. The pair is completely devoted to their endeavour.
They remortgaged their house and depleted their savings account to start the business.
The manufacturing cost is $6.50 per unit, with a selling price of $28.95.
The Sharks are anxious because they have only made $17,000 in sales this year (2019).
Despite the fact that a potential agreement with WalMart is in the works, the Sharks all feel that it is too early to invest.
Daymond was the first Shark to leave, followed by Robert, Mark, and Kevin.
Lori pauses for a moment before walking away.
Lori calls them back as they leave, adding, “The Squatty Potty Company has a $160 million sales volume.”
We can have them look at this and see if there’s anything we can do together because we have a lot of brand extensions.”
She makes a $50,000 offer in return for 20% of the company, which the Halls accept.
What Happened to Potty safe After the Shark Tank pitch?
Lori’s contract never got finished.
The two shot their scene in September of this year. At the time, they had only recently begun selling on Amazon. From that point until the debut air date, sales surged tenfold.
After the program aired, sales increased by 500%.
As of July 2021, they will be available on Amazon, Bed, Bath and Beyond, buybuy Baby, and Walmart – retailers they visited between filming and transmission.
According to Stacy, who spoke with the website, the company won the 2019 Creative Child Product of the Year award, as well as the 2019 Baby Maternity Top Choice Award and the Family Choice Award.
These are wonderful honours, and we are thrilled to have received them. Our Potty Safe also has a utility patent.
They’ve been nominated for the same prizes in 2020, but the decision won’t be made until after COVID-19.
With the 2020 Baby and Children’s Product Number 1 Reader’s Favourite Potty award and a mention in Inventors Digest, the company has already gained recognition in 2020.
What is the Net Worth of Potty Safe?
The deal let to $250,000 valuation of the company.
Who are the Competitors of Potty Safe?
When it comes to childproofing chairs, parents have a plethora of alternatives.
The Baby Lock, which is likewise of American origin, is perhaps the closest rival.
Kiddit Guard, Little Tikes, and Graco are some more well-known brands of child-proof toilets.
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Potty Safe FAQS
Who owns potty safe?
Entrepreneurs Colt and Stacy Hall own it.
How did potty safe do after shark tank?
Lori Greiner’s $50,000 investment for a 20% stake in the company never materialized.
How much does Potty Safe costs?
The device costs $28.95 and is available through a variety of online retailers.
How does potty safe work?
It secures the bowl to the base using a proprietary latching device.
A youngster cannot remove the bowl from the base, which is a good thing since they will not be able to pour it around if they do.
How much does it cost to make Potty Safe?
The price per piece might be $6.50.
Why did potty safe take long to be launched since its invention?
They had little expertise with the production process, so it took some time to get started. They also didn’t have a large market for their product at first.
Where is Potty Safe located?
Spring Hill, Tennessee is the location of the company.
How much money does Potty Safe make?
In 2019, the company generated $17,000 in sales.
When was Potty Safe Launched?
Colt and Stacy Hall founded the company on August 21, 2018.
