RinseKit Net Worth Shark Tank Update 2025

Chris Crawford sought a fast method to wash off after surfing. This inspired him to create RinseKit. It is a mobile shower system. The item can contain two gallons of water. It releases water at the same pressure as a garden hose. Individuals can remove sand, grime or perspiration anywhere. It is ideal for enthusiasts of the outdoors. Chris stepped into Shark Tank alongside Eric Fagan.

They sought $250,000 in exchange for 5% ownership of their company. Will the entrepreneur get a deal on Shark Tank? Check out the RinseKit update to find out!  

RinseKit Net Worth Shark Tank Update 2025

Chris Crawford and Eric Fagan asked for a $250,000 investment in exchange for 5% equity in their company. This meant they valued their company at $5 million. They made a deal with Daymond John for $250,000 in exchange for 7.5% of their company, plus a sales commission. This new deal valued their company at $3.33 million. After the show aired, RinseKit saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of RinseKit is about $5.37 million.

RinseKit expanded following Shark Tank. It launched new items such as heated showers and battery-operated versions. These enhancements increased its utility for customers. Sales grew consistently. By 2022 yearly income totaled $1.8 million. RinseKit can be found at major stores such as REI, Target and Home Depot. It is available for purchase on Amazon as well. The business emphasized contributing to the community as well.

They collaborated with DigDeep. This nonprofit assists communities in obtaining clean water. Shoppers have the option to contribute to the cause during checkout. Currently RinseKit remains operational and successful. 

Yes RinseKit got a deal on Shark Tank. Chris and Eric asked for $250,000 for 5% equity. Daymond John made an offer. He gave $250,000 for 7.5% equity plus sales commission. Chris and Eric agreed to this deal. The partnership helped RinseKit grow. They expanded their product line and increased sales.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Lori Greiner	$250,000 for 20% equity	N/A	N/A
Daymond John	$250,000 for 7.5% equity	N/A	Yes
Kevin O’Leary	$250,000 as a loan for 5% equity	N/A	N/A
Mark Cuban	Out	N/A	N/A
Robert Herjavec	$250,000 for 20% equity	N/A	N/A

RinseKit Shark Tank pitch

Chris Crawford had a passion for surfing. However he found the chaos it caused unsettling. Mud and dust caused his car to be filthy. He desired an answer. This motivated him to develop RinseKit. Chris possessed experience in hydraulics. He was employed in the swimming pool sector. Employing his abilities he created a mobile shower system. It was capable of storing and spraying water at high pressure.

Chris sold his pool company to finance RinseKit. He generated $75,000 by selling 10% of the business. Chris encountered numerous obstacles. Financial support was a major concern. He had a debt of $550,000 when he joined Shark Tank. Creating the product was challenging as well. He aimed for it to be simple to use and cost-effective. Chris remained resolute despite facing challenges.

He collaborated with Eric Fagan to expand the business. They united to present RinseKit on Shark Tank. Their creation addressed a frequent issue for outdoor enthusiasts.     

Chris and Eric showcased RinseKit they requested $250,000 in exchange for 5% equity. Chris clarified the concept of RinseKit. He sought a method to tidy up after surfing. He demonstrated how the product functioned. Clients refuel the tank and increase its pressure. They are able to spray water to remove dirt. The item is adaptable and mobile.

It is excellent for campers, beach lovers and pet enthusiasts. The sharks showed curiosity. They inquired about the business model. Chris mentioned that the production cost for each unit is $45. It is priced at $89.99. They earn a profit of $20 for each unit. RinseKit generated $800,000 in revenue. They estimated $2.3 million for the year. The sharks enjoyed the figures.

However they were concerned about the firm’s $550,000 liability. Despite worries Daymond John recognized opportunity. He proposed $250,000 for a 7.5% stake along with a sales commission. Chris and Eric agreed.     

The sharks posed numerous inquiries regarding RinseKit. Robert Herjavec inquired about the reasons people would purchase it. Chris mentioned that it addressed a typical issue. It began as an instrument for surfers. However parents and nature enthusiasts utilize it as well. Lori Greiner was curious about sales. Chris mentioned they sold units worth $800,000.

They anticipated $2.3 million in revenue for the year. Mark Cuban inquired about the organizational framework. Chris stated he possessed 60% of the business. Eric possessed 10%. The remainder was divided among investors. The sharks were worried about debt. RinseKit was in debt for $550,000. Kevin O’Leary inquired about their strategy for handling it.

Chris mentioned that they required Shark Tank’s assistance to expand. They aimed to increase production and distribution. Robert Herjavec appreciated the product but raised concerns about the profit margins. The production cost for each unit was $45. It was sold for $89.99. Chris mentioned that they earned a profit of $20 for each unit.    

Mark Cuban appreciated the product but chose not to extend an offer. He stated that it wasn’t suitable for him. Kevin O’Leary proposed a loan of $250,000 in exchange for 5% equity. Lori Greiner proposed a comparable deal but included royalties. Robert Herjavec proposed $250,000 in exchange for a 20% stake. Daymond John presented an alternative proposal.

He suggested $250,000 for a 7.5% stake along with a sales commission. The sharks talked about the proposals. Chris and Eric evaluated their choices. They were pleased with Daymond’s offer. It provided them with the financing they required without sacrificing excessive equity. They agreed to his proposal.      

What Went Wrong With RinseKit On Shark Tank?

Not every shark showed interest in RinseKit. Mark Cuban did not extend an offer. He mentioned that it wasn’t the kind of business he preferred. Kevin and Lori’s proposals featured loans and royalties. Chris and Eric did not like these terms. Robert’s proposal involved relinquishing 20% equity. This became overwhelming for the founders. The sharks were also concerned about the company’s liabilities.

They wondered whether RinseKit could handle its finances. In spite of these worries Daymond John recognized potential. He had faith in the product and its marketplace. His proposal enabled RinseKit to progress.    

Product Availability

RinseKit is a mobile shower system. It is simple to operate. Clients fill the tank and apply pressure to it. The spray exerts pressure comparable to that of a garden hose. It is ideal for campers, beach visitors and pet caregivers. RinseKit is notable for its convenience and adaptability. It can be found online and in retail locations. Shoppers can purchase it from Amazon, Home Depot and Target. It is available for purchase at REI as well. 

The product features various models. The fundamental model contains two gallons of water. There are also more advanced versions. Some are equipped with a hand pump or battery power source. Some people can warm water with a car’s lighter. Prices vary from $89.99 to more for premium models. RinseKit’s site provides additional information.

Customers can discover the features and purchase directly. The organization emphasizes quality and ease of use. It is popular among nature enthusiasts.   

Conclusion

RinseKit’s experience on Shark Tank was motivational. Chris Crawford transformed a personal issue into a company. He amazed the sharks with his creation. The product addressed a genuine requirement. Daymond John’s agreement contributed to the expansion of RinseKit. The firm launched new models and increased sales. It also contributed to the community. RinseKit collaborated with DigDeep to enhance access to clean water.