Erin Whalen and Tim Stansbury loved biking. One day, Erin’s bike got a flat tire. She fixed it but her hands were covered in grease. She tried to clean them but nothing worked. This gave them an idea. They wanted to make wipes that could clean grease easily. So, they created Grease Monkey Wipes. These wipes help people clean grease off their hands quickly. They are small and easy to carry.
Erin and Tim thought many people would like them. They decided to share their idea on a TV show called Shark Tank. They hoped to get help to make their wipes known everywhere. Will the entrepreneur get a deal on Shark Tank? Check out the Grease Monkey Wipes update to find out!
Grease Monkey Wipes Net Worth 2026
Tim Stansbury and Erin Whalen went on Shark Tank asking for $40,000 for 40% of their company. This meant they thought their business was worth $100,000. They made a deal with Barbara Corcoran and Robert Herjavec for $40,000 in exchange for 40% of the company. That deal kept the value of the company at $100,000. Grease Monkey Wipes became more popular after the show and was later acquired by Beaumont Products in 2014. The product is still sold today. The episode was aired on January 15, 2010, so with about 10% growth over the years, the current net worth of Grease Monkey Wipes is estimated to be around $420,000 in 2026.
Grease Monkey Wipes After Shark Tank
After being on Shark Tank, Grease Monkey Wipes became more popular. Many people liked the wipes. They were sold in more stores. Later, a company called Beaumont Products bought Grease Monkey Wipes. This happened in 2014. Beaumont Products makes eco-friendly cleaning items.
They thought Grease Monkey Wipes would be a good fit. Today, Grease Monkey Wipes are still sold. People can buy them online and in stores. The wipes are still helping people clean grease off their hands easily.
Grease Monkey Wipes Shark Tank Deal
Erin and Tim asked for $40,000. They offered 40% of their company in return. Two Sharks, Robert Herjavec and Barbara Corcoran, liked the idea. They agreed to give the $40,000 for 40% of the company. Erin and Tim were happy. They believed this deal would help their wipes become more popular.
Shark Tank deal Table
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $40,000 for 40% equity | N/A | yes |
| Kevin Harrington | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Barbara Corcoran | $40,000 for 40% equity (split between Robert and Barbara) | N/A | yes |
Grease Monkey Wipes Shark Tank pitch
Erin and Tim loved riding bikes. They often rode long distances. One day, during a 100-mile ride, Erin’s bike tire went flat. She fixed it but her hands got very greasy. She tried wiping them on the grass. She also tried using her shorts. Nothing worked. Her hands stayed dirty. This made the rest of the ride uncomfortable. Erin and Tim talked about this problem. They thought other bikers might have the same issue.
They wanted a simple way to clean greasy hands while riding. So, they decided to create a special wipe. They wanted it to be strong enough to clean grease. But it also needed to be safe for the skin. They worked hard to find the right formula. They tested many versions. Finally, they made Grease Monkey Wipes. These wipes used natural citrus oils. They could clean the grease easily. Erin and Tim were excited. They believed their wipes would help many people.
Erin and Tim went on Shark Tank to share their idea. They stood before the Sharks. They told the story of the flat tire. They explained how the wipes worked. They showed how the wipes could clean grease quickly. The Sharks listened carefully. Erin and Tim said they had sold 7,600 wipes so far. Each wipe costs $1. They wanted $40,000 to grow their business. In return, they offered 40% of their company. The Sharks asked questions. They wanted to know more about the wipes and the business.
The Sharks had many questions. Kevin O’Leary asked if the wipes had a patent. Tim said no. They didn’t have the money to get one. Kevin was concerned. He thought others might copy the idea. Robert Herjavec liked the logo. He said it was the best he had seen. Kevin Harrington asked about the cleaning ingredient. Tim said they used citrus oils. These oils are natural and safe. The Sharks wanted to know about sales.
Tim said they had sold 7,600 wipes. They made $7,400 from these sales. Each wipe sold for $1. Kevin O’Leary thought the price was low. He wondered if they could make enough money. Erin and Tim believed they could sell many wipes. They thought this would make up for the low price. The Sharks also asked about stores selling the wipes.
Tim said they had a 75% success rate when talking to new stores. About 40% of these stores ordered more wipes later. But the company was new. It was hard to know the exact reorder rate.
Daymond John liked the branding. But he didn’t think it was the right business for him. He decided not to invest. Kevin O’Leary was worried about the lack of a patent. He thought others could easily copy the idea. So, he chose not to invest. Kevin Harrington didn’t think the product was unique enough. He also decided not to invest. Barbara Corcoran said she didn’t like getting her hands dirty.
She didn’t feel a connection to the product. So, she was out too. Robert Herjavec was the last Shark. He liked the presentation. But he was unsure about the numbers. Erin promised they wouldn’t let him down. After thinking about it, Robert offered $40,000 for 40% of the company. Barbara changed her mind. She wanted to join Robert in the deal. They agreed to split the $40,000 for 40% equity. Erin and Tim accepted the offer. They were happy to have two Sharks on board.
Why Some Sharks Said No
Some Sharks didn’t invest for specific reasons. Kevin O’Leary was worried because there was no patent. He thought others could copy the idea easily. Kevin Harrington didn’t think the product was unique. He felt there were already similar products. Barbara Corcoran didn’t feel a personal connection. She said she didn’t like getting her hands dirty. Daymond John liked the branding. But he didn’t think it was the right fit for him. These reasons made them decide not to invest.
Product Availability
Grease Monkey Wipes are special cleaning wipes. They use natural citrus oils. This makes them strong against grease but gentle on the skin. The wipes are small and packed individually. This makes them easy to carry. You can keep them in your pocket or bag. They are great for bikers, mechanics, and anyone dealing with grease. The wipes can clean grease, oil, and dirt quickly.
They are also eco-friendly. The wipes are biodegradable. This means they break down naturally and don’t harm the environment. You can buy Grease Monkey Wipes online. They are available on websites like Amazon. Some stores also sell them. The price may vary. It’s best to check online or in stores for the current price. The company has a website. You can visit it to learn more about the wipes. The website is greasemonkeywipes.com. There, you can find more details about where to buy them.
Conclusion
Erin and Tim saw a problem during a bike ride. They created Grease Monkey Wipes to solve it. They shared their idea on Shark Tank. They got a deal with two Sharks. After the show, their business grew. A bigger company bought it later. Today, wipes are still helping people clean grease easily. This shows how a simple idea can become a big success.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
