Rent A Goat Net Worth Shark Tank Update 2025

Mike Canaday and Matt Richmond established an exceptional company. They named it Rent-A Goat. It was different from other landscaping services. Traditional landscaping employs toxic chemicals. Mike and Matt sought a secure and eco-friendly alternative. They chose to hire goats for lawn maintenance. The goats graze on grass and vegetation. They don’t utilize gas or chemicals.

This concept benefits the planet and reduces expenses. Mike and Matt presented this concept on Shark Tank. They aimed to expand their business. They sought funds in return for a share of their business. They demonstrated how goats can rapidly clear extensive areas. They discussed their profits and expansion strategies. Will the entrepreneur get a deal on Shark Tank? Check out the Rent-A-Goat update to find out!  

Rent A Goat Net Worth Shark Tank Update 2025

Brian and Ashley Rhea went on Shark Tank asking for $150,000 for 25 % of their company. This meant they thought their business was worth $600,000. They did not make a deal with any Shark. The episode was aired on October 18, 2013. The eco-friendly land-clearing business using goats remains active and continues to serve farms and properties in the U.S. Using the default 10 % yearly growth method, the current net worth of Rent A Goat is estimated to be around $1–1.5 million in 2025.

Rent A Goat did not get a deal on Shark Tank. But the business kept growing. Today Rent A Goat is still in action. They have two large service areas. These are in Northern and Southern California. Mike is the Director of Operations. Matt is the CEO. Their website is active. They keep serving municipalities and homeowners. Their idea of eco-friendly lawn care still works. Customers can rent goats for land clearing. They continue to help the environment with their service.

No Rent A Goat did not get a deal. Mike and Matt asked for $150,000. They offered 25% of their business. The Sharks liked the idea. But they saw problems. Mark said others could copy the idea. Barbara said not all goat wranglers could be trusted like Mike. Lori said the business was too new. Robert admired their idea but did not believe in the plan. Kevin also passed. All the Sharks went out. Mike and Matt left without a deal.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Lori Greiner	Out	N/A	N/A
Barbara Corcoran	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Rent A Goat Shark Tank pitch

Mike Canaday was raised in an environment with animals. He had extensive knowledge about goats. Matt Richmond excelled in website creation. United they formed an effective team. They aimed to address an issue. Lawn maintenance employs toxic substances. It contaminates the planet. It is also quite expensive. Mike and Matt believed that goats might be beneficial. Goats consume vegetation quickly.

They abandon organic fertilizer. They are not harmful to the environment. This concept has the potential to transform lawn maintenance. Launching the business was challenging. They required numerous goats. Providing food and shelter for goats requires funds. It was difficult to train the goats as well. They had to show them where to dine. They created a website to attract clients.

They put in a lot of effort to inform others about their concept. Initially, individuals were skeptical about the service. They believed that goats were incapable of completing the task. Mike and Matt continued onward. They had faith in their concept. Before long municipalities and property owners began utilizing Rent A Goat.       

Mike and Matt entered Shark Tank accompanied by a goat. They described their enterprise. They hire goats to clear land. This is more beneficial for the planet. It is also cheaper than machines. They displayed the amount of money they earned. They claimed to have made $600,000 in a single year. They likewise disclosed their significant project. A buyer spent $70,000 for 130 acres. 

The creators requested $150,000. They proposed 25% ownership of the company. They stated that the funds would aid in their growth. They desired additional goats. They also aimed to broaden their reach to additional locations. Mike and Matt felt assured. They demonstrated that goats can clear an acre in just one day. They likewise stated that goats are carbon-neutral. This grabbed the Sharks’ interest. However, the Sharks had inquiries.       

The Sharks posed numerous inquiries. Mark Cuban was curious about what set this business apart. He mentioned that others might replicate the concept. Barbara Corcoran inquired whether the goat handlers could be trusted. She was concerned about dependability. Lori Greiner inquired about their plans for business growth. She mentioned that the business was too minor for her. Robert Herjavec found the concept appealing but did not grasp the strategy. Kevin O’Leary inquired about expenses and earnings. He was curious about how much they spent on goats. 

The founders responded to every question. They claimed the service was one of a kind. They clarified that locating trained goats was difficult. They demonstrated their collaboration with local governments. They mentioned that goats cost less than machines. They additionally described their website. It simplified the booking process. They thought their service represented the future of lawn maintenance.          

The Sharks found the concept appealing. However, they all exited. Mark Cuban stated that the business was not distinctive. Anyone can rent goats. He mentioned that this was a significant issue. Barbara Corcoran stated that Mike was excellent. However, she lacked trust in other goat handlers. She believed they might damage the business. Lori Greiner stated that the venture was too recent.

She mentioned it required additional time to develop. Robert Herjavec expressed that he was enthusiastic about the concept. However, he couldn’t comprehend how it could expand. Kevin O’Leary was the final Shark. He stated that the expenses were excessively high. He didn’t observe sufficient profit. The Sharks failed to finalize a deal. Everyone wished the founders the best of luck. Mike and Matt exited the tank empty-handed. However, they remained undaunted. They continued to labor diligently.          

What Went Wrong With Rent A Goat On Shark Tank?

The Sharks liked the idea. But they had doubts. Mark said the business was not protected. Others could copy it. Barbara worried about trust. Not everyone could handle goats like Mike. Lori thought the business was too small. She said it needed more time. Robert said he could not follow the plan. Kevin said the costs were too high. He wanted more profit. These reasons stopped the Sharks from investing. Mike and Matt could not convince them. The Sharks said no to the deal.  

Product Availability

Rent A Goat is still active today. They have two main service areas. These are in Northern and Southern California. They help cities and homeowners. Customers can rent goats for land clearing. The goats eat plants and leave natural fertilizer. This is better for the earth. It also saves money. The company has a website. Customers can book services online. The website shows the service areas.

It also has contact details. Prices depend on the size of the land. Big projects cost more. Small projects cost less. Rent A Goat works with many customers. They include cities and homeowners. They also help parks and farms. The service is growing every year.

Conclusion

Rent A Goat did not get a deal on Shark Tank. But the business kept growing. Mike and Matt still run the company. Their idea helps the earth. It also saves money. Goats are better than machines for lawn care. The company has grown since Shark Tank. They serve many areas in California. They keep helping cities and homeowners.