What Happened to Quickstop Fire Sprinkler After the Shark Tank Pitch?

What is Quickstop Fire Sprinkler Tool?

Quickstop Fire Sprinkler Tool is a system that, once engaged, disables sprinkler heads. Sprinklers are wonderful at extinguishing fires, but when they are activated accidentally, they may result in significant and costly water damage.

This tool is used by homeowners, fire departments, and landlords. It has prevented millions of dollars in property damage caused by sprinklers that fail and turn off.

It operates in a manner similar to a pair of vice grips. Squeeze the tool until it is aligned with the sprinkler’s head.

The stopper on the tool obstructs the sprinkler, bringing the water flow to a halt.

The Quickstop Fire Sprinkler Tool, which has been proven to withstand pressures of up to 350psi, will stop any half-inch or three-fourth-inch commercial or residential fire sprinkler, regardless of whether the heads are intact, damaged, or sheared.

This is an indispensable tool for any firefighter, contractor, building manager, or homeowner who owns or works with fire sprinklers.

Who is the founder of the Quickstop Fire Sprinkler Tool?

Matt Scarpuzzi, a firefighter, devised and developed the Quickstop Fire Sprinkler.

Matt seen first-hand the harm that may occur when sprinkler systems are accidentally activated during his tenure as a firefighter.

This motivated him to create a tool that firefighters, homeowners, and building owners may use to protect their property in the event of a sprinkler activation.

When a single sprinkler is triggered unnecessarily, water damage occurs fast.

To make matters worse, the whole sprinkler system of the building must be turned down in order to isolate the malfunctioning unit.

This process might take up to an hour. As a result of watching so much property devastation as a firefighter, Matt wanted to build a system that residents might employ to obstruct the flow of water to other people.

His ambition culminated in the invention of the Quickstop Fire Sprinkler.

What Happened to Quickstop Fire Sprinkler Tools at the Shark Tank Pitch?

Matt made an appearance on Shark Tank Season 5 Episode 24 in search of a Shark ready to invest $150,000 in Quickstop in exchange for a 10% ownership. This translates to a valuation of $1.5 million.

He educates the Sharks about his product, does a demonstration, and distributes samples.

Mark inquires about sales and statistics, to which Matt says that in the previous six weeks, he has sold $18,000 worth of merchandise that cost around $25 to make.

Matt claims to have sold them to building owners, Homeowners Associations (HoAs), construction workers and foremen, hospitals, and a number of other groups for $89.95.

In addition to the “firefighter version,” Matt carries a home leak stopper and longer grips for hard-to-reach sprinkler heads.

Matt acknowledges that he must invest in order to fulfill current orders.

According to Daymond John, the challenge with the Quickstop Fire Sprinkler Tools is education. Daymond is unable to aid him with this and hence is escorted away.

Lori offers $75,000 for 18%, but she desires the company of another Shark.

Robert Herjavec says it is an excellent design, but he does not believe it will find a mainstream market. He intends to sell one to each fire station, but he believes there is little demand, and therefore he is out.

Mr. Wonderful agrees to donate the remaining $75,000 on the condition that Lori and he both own 50% of the shares.

Mark has also come out, arguing that there is too much operator error and that teaching customers to purchase the product would require a significant increase in employees.

Lori counters with 40% as Matt appears hesitant, but Matt is unable to give up that much stock and rejects Lori and Kevin’s offer, walking away without a contract.

What Happened to Quickstop Fire Sprinkler following its Shark Tank appearance?

Matt’s company has seen enormous growth in popularity since its inception. His Quickstop Fire Sprinkler is available internationally and in the United States.

Apart from business development, Matt maintains a career as a firefighter while simultaneously looking for new and imaginative ways to simplify specific tasks.

Until Matt gets a deal with a big retailer, his items will be available exclusively through his company website. This is their principal source of money for the time being.

Matt proceeded to convert profits into sales throughout the years. He is still in business as of August 2021, with annual revenue of $1 million.

How much is Quickstop Fire Sprinkler Tools Worth?

Matt made an appearance on Shark Tank Season 5 Episode 24 in search of a Shark ready to invest $150,000 in Quickstop in exchange for a 10% ownership. This translates to a valuation of $1.5 million.

The Company’s current valuation is clearly greater as a result of its growth.

Who are Quickstop Fire Sprinkler Tools’ Competitors?

Quickstop Fire Sprinkler Tools is a direct rival of Shutgun

Fire Sprinkler Tool FAQS

1. What is Quickstop Fire Sprinkler Tool?

The Quickstop Fire Sprinkler Tools are stoppers used to obstruct fire sprinkler flow in the event of an accidental activation.

2. Where can they purchase Quickstop Fire Sprinkler Tool?

They can purchase Quickstop Fire Sprinkler Tool directly from the official website, which offers free standard shipping on qualified orders.

3. How much does Quickstop Fire Sprinkler Tool cost?

The standard-sized Quickstop Fire Sprinkler Tool sells for $89.95 and offers free shipping. For heavy orders, a shipping surcharge is applicable.

4. What is Quickstop Fire Sprinkler Tool made of?

The tools are made of high-quality anodized aluminium and built to last. They are durable and can withstand excessive pressure up to 350psi.

5. Who founded Quickstop Fire Sprinkler Tool?

Quickstop Fire Sprinkler Tools were invented, designed, and developed by Matt Scarpuzzi, a firefighter.

6. What is Quickstop Fire Sprinkler Tool made for?

Quickstop Fire Sprinkler Tool is made to stop the flow of water to other areas in the event of an accidentally activated fire sprinkler. It may also be used to isolate malfunctioning units (sprinklers) when needed.

7. How much was he seeking in the Tank?

Matt was seeking $150,000 for 10% of his company.

8. Did they get the deal?

No, Matt Scarpuzzi left the Tank without a deal.

9. Is there a warranty on Quickstop Tools?

Their Commercial Tool and Multi-Tool are covered by a 5-year warranty and are entirely reusable with no shelf life.

10. Where is Quickstop Fire Sprinkler Tools located?

They are located in Carlsbad, San Diego, in California.

11. Is Quickstop Fire Sprinkler Tool still in business?

Quickstop Fire Sprinkler Tools is still in business as of August 2021, with an annual revenue of $1 million.

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