Jan Augenstein faced a dilemma with her refrigerator. While it functioned perfectly its plain and outdated appearance left much to be desired. Determined to enhance its aesthetic without the expense of purchasing a new appliance she conceptualized a revolutionary solution called Fridge Fronts. These innovative magnetic skins were designed to effortlessly adhere to any fridge or appliance allowing users to transform their kitchen’s vibe in mere seconds.
With a clear vision in mind, Jan decided to present her idea to the Sharks on the popular television show Shark Tank. She sought an investment of $100,000 in exchange for 30% equity in her budding business. During her pitch, Jan showcased the versatility and ease of use of Fridge Fronts, demonstrating how a simple change in the fridge’s facade could rejuvenate its look and enhance her audience’s kitchen decor. Will the entrepreneur get a deal on Shark Tank? Check out the Fridge Fronts update to find out!
Fridge Fronts Net Worth Shark Tank Update 2025
Rachel Mann went on Shark Tank asking for $40,000 for 20% of her company. This meant she thought her business was worth $200,000. She made a deal with Kevin Harrington for $40,000 for 33%, which lowered the value to $121,212. The episode was aired on February 18, 2011. The company was sold in 2013 and later phased out by its new owners. Since it was acquired, its net worth is not calculated for 2025, but the sale likely valued it near $500,000.
After the episode aired Fridge Fronts got more attention. Jan’s product was popular. However, in 2013 Jan sold her business to Best Appliance Skins. Fridge Fronts as a name no longer exists. The company continued to offer similar products. Best Appliance Skins sold fridge skins at a lower price than buying a new appliance. The products could be used to cover old fridges or other appliances.
Customers loved the idea because it was cheaper and easier than buying new appliances. Fridge Fronts went through some challenges before selling. But after the sale Best Appliance Skins took over and continued to offer appliance skins. Today these products are still available online.
Yes Fridge Fronts got a deal on Shark Tank. Jan asked for $100,000 for 30% equity. The Sharks were curious about her product and asked many questions. In the end, Barbara Corcoran and Kevin Harrington offered Jan $100,000 for 50% of the business. Jan accepted their offer. She gave up more ownership than she planned but was happy to get the investment.
Barbara and Kevin wanted to help her focus on three best-selling designs. They saw potential in the product but wanted Jan to work with them to grow the business. After the deal, Jan was ready to make her product bigger and better.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Daymond John | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin Harrington | $100,000 for 50% equity | N/A | Yes |
| Barbara Corcoran | $100,000 for 50% equity | N/A | Yes |
| Kevin O’Leary | Out | N/A | N/A |
Fridge Fronts Shark Tank pitch
Jan Augenstein’s path began while she resided in military base accommodations. She owned a refrigerator that functioned properly but was not aesthetically pleasing. She desired to alter its look without spending much money. Jan had the notion to develop magnetic covers for appliances. These skins can effortlessly adhere to a fridge or other devices to refresh their appearance.
She chose to make her product user-friendly and budget-friendly. In 2005 Jan obtained the patent for Fridge Fronts. She envisioned a business that would assist individuals in improving the appearance of their kitchens. Nonetheless initiating the business proved to be challenging. Jan encountered numerous obstacles during the journey. She collaborated with Skymall but this resulted in merely $40,000 in sales.
Regrettably, she had to allocate $18,000 to marketing resulting in reduced funds. Jan encountered difficulties with a printing agreement. This caused a reduction in production and sales. Despite all these problems Jan persevered. She continued to put in effort and had faith in her product. She was resolute in her pursuit of success. Her determination brought her to Shark Tank where she presented her concept to the Sharks.
As Jan stepped into the Shark Tank she was prepared to showcase her concept. Her presentation was straightforward yet distinct. She presented the Sharks with a simple fridge and swiftly attached one of her magnetic covers. She described how the product could transform the appearance of any device. The Sharks were amazed at how simple the product was to operate. Jan informed the Sharks that she had been operating her business since 2005.
She had previously secured a patent for her product. She mentioned that she had sold Fridge Fronts via Skymall and generated $40,000 in sales. The Sharks were interested in learning additional details about the business. They inquired of Jan about the amount of money she had invested. Jan stated that she had invested $250,000 in the business. She also highlighted the difficulties she encountered including the printing contract problems.
Despite these challenges, Jan was resolute in her aim to succeed with her business. She sought $100,000 in return for 30% ownership of the company. The Sharks paid close attention yet they were doubtful regarding the company’s potential for growth.
The Sharks raised numerous inquiries regarding the product. Kevin O’Leary was the initial speaker. He inquired of Jan regarding the distinctiveness of the product. He indicated that the product didn’t have much uniqueness to it. He was worried that the market might quickly replicate the concept. Jan clarified that her product had patent protection. Nonetheless, Kevin believed the product lacked the uniqueness to build a sustainable business. He chose to venture outside.
Robert Herjavec inquired about the sales figures as well. He was curious about how much money Jan earned and whether the product was in great demand. Jan revealed her sales record and informed him about the $40,000 in sales via Skymall. Nevertheless, Robert remained uncertain regarding the company’s prospects. He appreciated Jan but couldn’t envision the company’s potential for growth. Robert went outside as well.
Daymond John was the following speaker. He was intrigued by the product but uncertain if he could add value to the business. He lacked confidence in the product’s future and exited behind Robert and Kevin.
At this moment only Barbara Corcoran and Kevin Harrington were left. Barbara requested Jan to concentrate on only three top-selling designs. She believed this would render the product easier to handle. She additionally proposed to invest $50,000 with Kevin agreeing to match her proposal. Barbara and Kevin wished to collaborate but needed greater ownership.
They proposed Jan $100,000 for half of the business. Jan accepted their proposal. She exited the tank with a deal thrilled to have backing from two seasoned investors.
The Sharks held varying views regarding Fridge Fronts. Kevin O’Leary was unimpressed by the product’s originality. He believed the market could readily replicate the concept. Robert Herjavec appreciated Jan but couldn’t envision how the company would expand. Daymond John was uncertain whether he could assist the business. All three Sharks chose to venture out. Nonetheless, Barbara Corcoran and Kevin Harrington recognized the product’s potential.
They appreciated the concept but wished for Jan to concentrate on three trendy designs. They thought that concentrating on fewer designs would aid the company’s growth. Barbara and Kevin proposed to Jan $100,000 in exchange for 50% ownership of the company. Jan agreed to the arrangement. She consented to relinquish half of her business in return for the investment. The agreement provided her with the assistance necessary to expand her business.
What Went Wrong With Fridge Fronts On Shark Tank?
Fridge Fronts faced some challenges on Shark Tank. Many of the Sharks were not convinced that the product was unique enough to succeed. Kevin O’Leary pointed out that there was nothing proprietary about the product. This made it hard for him to see how the business could stand out in the market. Robert Herjavec liked Jan but could not see a clear path for growth. Daymond John was interested but felt he could not add value to the business.
Despite these concerns, Barbara Corcoran and Kevin Harrington saw the potential. They offered Jan a deal but they wanted a higher stake in the business. Jan accepted their offer for 50% equity. While not all the Sharks were on board the deal with Barbara and Kevin helped Jan move forward.
Product Availability
Fridge Fronts was a product that allowed people to change the look of their appliances. The skins were easy to apply and could transform an old fridge into something new. Customers could choose from many designs from stainless steel to fun patterns. The skins were affordable and saved money compared to buying new appliances. After the deal on Shark Tank Jan’s business grew. In 2013 she sold Fridge Fronts to Best Appliance Skins.
The new company continued to sell similar products under a different name. Best Appliance Skins offers fridge skins and other appliance covers at affordable prices. Customers can find these products online. They can also buy them from various retailers. The price for a fridge skin is about $115. This is a cheaper option than buying a new appliance. The products are available on the Best Appliance Skins website and other online stores.
Conclusion
Fridge Fronts had a successful journey on Shark Tank. Jan Augenstein’s idea of magnetic skins for appliances caught the attention of the Sharks. While the product faced some challenges Barbara Corcoran and Kevin Harrington believed in its potential. They offered Jan $100,000 for 50% equity. After the deal, Jan continued to grow the business and eventually sold it to Best Appliance Skins.
Today similar products are still available for customers who want to improve the look of their appliances. Fridge Fronts may no longer exist under its original name but its legacy lives on through Best Appliance Skins.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
