What Happened to Safety Nailer Framer After Shark Tank?
What is Safety Nailer Framer?
Safety Nailer is a company that makes the Safety Nailer, their most well-known and named product. The device is worn across the thumb and pointer finger to protect the user’s fingers from common impact injuries incurred when carpentry, conducting home repairs, or just using a nail and hammer.
Furthermore, the component features three different sized nail insertion guides to ensure that nails are hammered in precisely and safely.
The business was founded by Drew Zirkle, an engineer, and Kristen Eifes, an accountant. Drew earned a Bachelor of Science in Civil Engineering from Old Dominion University and subsequently worked for the design firm HRD for over fourteen years as Water and Wastewater Project Manager.
Kristen graduated from Old Dominion University with a Bachelor of Business Administration in Administration and Management and from the University of Phoenix with a Master of Education in Elementary Education and Teaching.
Who is the founder of Safety Nailer Framer?
The firm was founded by Drew Zirkle, an engineer, and Kristen Eifes, an accountant. Drew’s college mate and wife, Daniel and Kristen Eifes, created the patented invention.
The Eifes designed and patented the invention after Daniel was medically discharged from the Navy in 2012. Due to a medical problem, Daniel is unable to participate in the business; therefore his wife cooperated with Drew to bring the product to market.
Daniel enlisted Drew’s help in getting the product to market. The Safety Nailer is a little plastic barrier that is worn between the fingers and thumb.
It aids in magnetically anchoring the nail in place while limiting the risk of injury from a “bad swing.” It also keeps screws in place. The original version is designed for nails longer than a half-inch. They’re also producing a “mini” Nailer for use with smaller nails and screws.
The company acquired its initial investment through a Kickstarter campaign in July 2019 that raised $8663.
Additional funds came from their own pockets, as well as a $5,000 reward from the Start Peninsula entrepreneurial and innovation program. Both items are available on Amazon for $8.99.
What Happened to Safety Nailer Framer at Shark Tank pitch?
Drew Zirkle seeks finance for Safety Nailer, a device that magnetically keeps nails in place while protecting your fingers, in Shark Tank episode 1117. The company wants to see its products on the shelves of hardware and home improvement retailers and is hopeful that a Shark can help them get distribution arrangements.
Drew appeared on Shark Tank in seeking of $100,000 in return for a 14 percent stake in their company, which was valued at $714,286.
Drew tells the Sharks about how he started his company by buying his own injection molding equipment. They had worked with another company that was not pushing things ahead, and they are now searching for a new location to produce.
Given Drew’s full-time job, he wants to enlist the help of a Shark to propel the company ahead.
Drew has “a product, not a company,” according to the Sharks. Drew digs into his pocket and takes out a toy he made out of the nailers’ magnets when he senses he’s going to lose them.
The Sharks respect his all-out effort. Mark loves the toy and would want to join a group to investigate the potential of licensing the things.
Mark, Lori, and Rohan ultimately offer $100,000 for 33.3 percent of the firm’s shares, Drew accepts, and the presentation concludes with a deal.
What Happened to Safety Nailer Framer After Shark Tank?
This episode aired for the first time on March 20, 2020, the day the bulk of the country was shut down due to Pandemic Covid-19.
The deal with the three Sharks was never completed. Safety Nailer goods are still available on Amazon. Ace Hardware Stores now sell the product statewide.
On May 2, 2020, Drew successfully funded Newton’s Spindle (the toy he featured via Shark Tank) on Kickstarter.
Additionally, pre-orders for three other goods are now available on the company’s website: the aforementioned toy, a carpenter’s pencil sharpener, and a patent-pending sponge holder.
The company is still in business as of February 2022, with annual revenues of roughly $2 million.
Competitors of Safety Nailer Framer
On the market, there is a device called the nail magnet glove that is identical to the Safety Nailer Framer.
Net Worth of Safety Nailer Framer
During the pitch, the firm was valued at $714,286.
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Safety Nailer Framer FAQs
What is Safety Nailer Framer?
Safety Nailer is a company that makes the Safety Nailer, their most well-known and named product. The device is worn across the thumb and pointer finger to protect the user’s fingers from common impact injuries incurred when carpentry, conducting home repairs, or just using a nail and hammer.
Who is the founder?
Safety Nailer Framer was established by Drew Zirkle, an engineer, and Kristen Eifes, an accountant.
How much were they seeking on Shark Tank?
They were seeking for $100,000 in exchange for a 14 percent interest in their company. At pitch, the business was valued at $714,286.
Who are the investors?
Mark Cuban, Rohan Oza, and Lori Greiner pooled their resources to invest $100,000 in Safety Nailer Framer for a 33.3 percent stake.
Is Safety Nailer Framer still in operation?
Yes, it is still in operation as of February 20, 2022.
Where can I get Safety Nailer Framer?
The company’s headquarters are in Virginia Beach, Virginia.
What exactly is the Safety Nailer Framer website?
www.safetynailer.com is the company’s website.
Where can I get a Safety Nailer Framer?
Safety Nailer Framer goods may be purchased through their website as well as Amazon.com.
What is the business model of Safety Nailer Framer?
The Safety Nailer Framer is a home improvement company that produces the Safety Nailer.
Is Safety Nailer Framer available for shipping?
Yes, the company ships their items all over the world.
What is the distinction between nail magnet gloves and safety Nailer framer gloves?
The nail magnet glove and the Safety Nailer function in distinct ways. The Safety Nailer holds the nails in place, removing the need to lay one’s finger over the head of a hammer or drill to support the nails against vibrations. The nail magnet glove is worn on one hand and keeps a single nail in position for better driving accuracy.
Who are the clients of Safety Nailer Framer?
The principal clients of Safety Nailer Framers are woodworkers, carpenters, and home improvement store owners in the United States who utilize a hammer and nail to make house repairs.
What is Safety Nailer Framer’s return policy?
Safety Nailer Framer has a 30-day return policy for unopened and unused merchandise.
What is the guarantee on Safety Nailer Framer?
The Safety Nailer Framer comes with a one-year guarantee that must be requested at the time of purchase.
What is the cost of a Safety Nailer Framer?
Pricing for the Safety Nailer Framers is $8.99 for the Safety Nailer and $12.99 for the magnet glove. Customers who want to buy many things can place a single order for a lower price per item.
What is the source of revenue for Safety Nailer Framer?
Safety Nailers’ key consumers in the United States include woodworkers, carpenters, and home improvement store owners. These consumers fix their homes using a hammer and nail.
How can I make a payment for Safety Nailer Framer?
Credit cards such as Visa, MasterCard, and American Express can be used to pay for Safety Nailer Framers.
How long Safety Nailer Framer may be used?
Safety Nailer Framers are long-lasting. According to the Safety Nailer Framer website, the company employs high-quality components and tests the products for durability at least once a year.
