Did you ever think that a poop tool could turn out to be one of the most successful products on Shark Tank? Wait, what? Yes! We are talking about Squatty Potty. Do you know what Squatty Potty’s Net Worth is? Well, with the title itself, you must have understood how it’s the appearance of Shark Tank has increased its sales. Before getting into a further discussion regarding the company’s monetary earnings and profits made so far, let’s have a look at what Squatty Potty is. We are sure many of you are newbies to this!
What is Squatty Potty? Even though the name of this poop stool is funny, it does make sense. The product helps one to be in a comfortable position while doing business. In other words, with the name itself, it’s more like the squat posture. Do you know about the origin of the Squatty Potty? Well, it was founded by the mother and son duo, Judy Edwards and Bobby Edwards. But, the head of their family, Bill Edwards also helped them in running this poop stool business in St.George, Utah.
What about the process of this start-up? Well, it was the mother, Judy who has constipation issues. So, being in th washroom for long hours was not an easy task for her. When she visited the doctors, they suggested she try out squatting. And guess what, she gave it a thought and took it as a challenge. Bobby served as the contractor and designer of the same. He made sure that their tool helped people to elevate their legs while pooping. It also gives relief, especially to those who have arthritis.
Things were not easy in the beginning. Like every other start-up, Squatty Potty also faced issues and fewer sales. But it still got good reviews from the users. That worked more like a booster to the Edwards family.
The time Squatty Potty made its appearance in Shark Tank, the post period was very fruitful. To be more precise, it was made back in 2014. What was the deal? How were things with the stool company before that? Briefly, if you are looking for the details of Squatty Potty’s Net Worth, here is what we know.
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Squatty Potty Net Worth: Earnings Before & After Shark Tank Appearance Revealed
Talking about the poop stool company’s monetary earnings, Squatty Potty’s Net Worth is estimated to be a whopping $50 million. In the initial days, the Edwards family used their garage as the base of the company’s operations. As mentioned earlier, it was not easy. Created in 2011, Squatty Potty’s Net Worth was $1 million, $2.2 million, and $2.7 million in the first year, second year, and the first half of 2014, respectively.
Right then, Judy and Bobby, the mother and son duo, took their poop stool company to Shark Tank. They asked for $350,000 for a 5% stake in their company. The best part was Squatty Potty also got approved as a medical device. After its appearance on Shark Tank, more than 158,000 people checked Squatty Potty’s official website. But who won the deal? It was Lori Greiner who finalized it with $350,000 for a 10% stake.
Two days later, the pitch was made, and Squatty Potty made it to $1 million. That was how the sales increased. Later, the company also increased its variety and created constipation pills and odor removers too.
In May 2021, Squatty Potty was acquired by Aterian. For how much? It was for $31.1 million. However, not the entire money was paid to Judy, Bobby, and Bill Edwards in cash. An amount of $16 million was paid in cash. The remaining portion was made in the form of stock services.
However, in 2020, Squatty Potty made sales worth $16.8 million. On the other hand, its operating income was $4.7 million. At present, Squatty Potty reported making annual sales ranging from $10 million to $15 million. Isn’t that great? Well, if you want to get one, you may get it from Amazon! It’s highly recommendable.
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