An entrepreneurial duo, David and Dan, brought something unique to the sharks with their company, SORx. Their SORSOAP is an innovative product for post-workout recovery. It helps relieve muscle tension and discomfort when you use it during your shower routine.
The co-founders joined the show in Season 15, Episode 20, to present their advanced product. Let’s see if the product can impress the sharks. The sharks involved were Lori Greiner, Mark Cuban, Kevin O’Leary, Barbara Corcoran, and Robert Herjavec.
Did the company secure any deal? If you want to know more about the outcomes, just dive right into the article and enjoy the whole episode!
Sorx Sorsoap Net Worth
Sorx Sorsoap made around $0.75 million last year, and they are projected to make around $3.36 million this year. They also secured a deal on Shark Tank. Mark Cuban invested $100k with 20% equity in the company. So, based on the numbers, the Shark Tank deal, and projected growth, Sorx Sorsoap net worth is estimated at around $5 million as of today. Things are going great and getting a deal on Shark Tank is an amazing opportunity for entrepreneurs to further increase their success.
Sorx Sorsoap Shark Tank Update
What Happened To Sorx Sorsoap After Shark Tank?
Getting an investment in Shark Tank was a big deal for the company, and being on the show brought great exposure. With so many people watching, the SORSOAP attracted a lot of customers who wanted to try out an innovative solution for muscle recovery. This exposure is going to boost their sales and help them grow even more.
Did The Sorx Sorsoap Get A Deal On Shark Tank?
Yes, the company remained successful in closing a deal with Mark Cuban. He offered $100,000 for 20% equity in the business. The entrepreneurs initially wanted to counter with a 15% stake in their company, but the Shark was firm with his offer, and they had to accept it to make a deal. That’s how SORx managed to get a deal on the show.
| Shark(s) name | Offer | Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A | N/A |
| Lori Greiner | Out | N/A | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A | N/A |
| Mark Cuban | Yes | $100,000 for a 20% equity | $100,000 for a 15% equity | Yes ($100,000 for a 20% equity) |
Founders And Their Backstory
David Restiano and Dan Staats, an incredible team of entrepreneurs from New Jersey, are the co-founders of SORx. David had a passion for inspiring others. He wanted to combine his athletic and artistic talents to help people. Dan, with his expertise as a Doctor of Physical Therapy, brought a wealth of knowledge in orthopedic musculoskeletal dysfunction.
He not only runs his clinic but also teaches at universities. Together, they were dedicated to helping people improve their physical well-being and live their best lives. Such passion and expertise came together to establish SORx, and they founded their business in 2019.
It’s perfect for muscle recovery after a workout and is specially designed to help soothe your muscles. So, after a tough workout, using SORx Soap can be a great way to pamper yourself and support your body’s recovery process.
Initial Pitch
The co-founders, Dan and David walked into the show with their innovative business model. They were seeking $100,000 for a 10% stake in their company. They said, being athletes themselves, they have firsthand experience with the importance of muscle recovery. That’s why they came up with the idea for Sorx Sorsoap and shared their backstory with the sharks. It’s a do-it-yourself device with unique features that help you feel more relaxed after using it.
Queries About The Product
When the presentation was over, each shark was given SORSOAP so they could check it out. The sharks enjoyed using the sample products and had some great compliments. Lori compared it to a massage, and Robert thought it cool. It was great to see the positive feedback from them.
When Barbara asked about the therapy, Dan explained the scientific process involving fibroblast proliferation. When Kevin asked about the sample, Dan described it as a polycarbonate sore tool that can be carried in your pocket for soothing massages when you get cramps or soreness during physical activities.
It’s amazing how their friendship started with Dan being David’s doctor, and now they’re business partners. Lori joined in and asked about the cost and sales. They have 125,000 lifetime sales so far. They sold 70,000 units this quarter, which indicates a good acceleration in sales. They expected to sell over 250,000 units this year. They sell their products at physical therapy centers and some boutique gyms. It’s impressive that they’ve been working on this for two years and making sales.
Shark’s Responses And Final Deal
When it came to making offers for the company, the sharks had mixed opinions about investing in SORx. Lori thought it was too early for her, and Kevin had already invested in a similar company. Robert and Barbara weren’t interested either. But luckily, Mark saw the potential and made an offer.
He offered $100,000 for a 20% stake in the business. The entrepreneurs initially wanted to counter with a 15% stake, but Mark was firm with his offer, and they had to accept it to make a deal. That’s how SORx got a deal on the show.
Product Availability
SORx Soap is specially designed to help with muscle recovery after a workout. It’s made with natural ingredients like water, glycerin, chamomile flower oil, lavender flower oil, menthol, and more. The unique purple color is achieved using natural ingredients like mica, titanium dioxide, and others. Sorx Sorsoap is free from artificial fragrances, colors, and synthetic additives. They use natural essential oils and minerals for delightful scents and vibrant colors. The products of this company are vegan too.
As for the product retail availability, the prices of Sorx Sorsoap products vary depending on which one you choose. A single Sorx Sorsoap Bar is $12, while the SORSOAP 6 pack, original fresh scent, costs $56. And if you’re looking for a bundle deal, the Pro Bundle is originally $59, but it’s currently discounted to $56. You can buy these products on the official SORx website or through Amazon. Customers have given positive feedback and reviews about these products on Amazon.
Conclusion
SORx had an impactful and successful journey on the show, and their product impressed the Shark. The co-founders managed to secure a deal with Mark Cuban, one of the renowned Sharks. The entrepreneurs are hoping that this partnership is going to take their business to new heights and help them grow even further.
Hi, I’m Izza Habib, a Nutritionist and an avid writer. My focus? Crafting captivating blogs and articles on the exhilarating episodes of Shark Tank. I love unraveling the unique stories of aspiring individuals navigating the high-stakes world of Shark Tank— from groundbreaking products to pitch-perfect presentations. As a blogger, I’m committed to sharing the excitement behind each episode, highlighting the ingenuity, passion, and strategic negotiations that shape the entrepreneurial landscape. Join me on this thrilling journey into the dynamic world of Shark Tank! Read more About me.