For parents, potty training can be an extremely challenging task. Sitting on the toilet can be frightening for many kids and is frequently messy. One of the founders, Judy Abrahams, ran into this issue when attempting to potty train her daughter. Her goal was to make sure her youngster felt secure and at ease when using the loo. She made the decision to design something in order to address this issue.
Judy Co-created the Super Potty Trainer product with her company partner Chris Guerrera. This invention was designed to make potty training less frightening for kids and easier for parents. In Season 12, Judy and Chris sent their innovation to Shark Tank in the hopes of landing a partnership that would help them expand their business. Will the entrepreneur get a deal on Shark Tank? Check out our Super Potty Trainer update to find out!
super potty trainer net worth 2024
Judy Abrahams asked for a $300k investment in exchange for 10% equity in her company. This meant she valued her company at $3 million. She made a deal with Lori Greiner and Daymond John for $300k in exchange for 50% of her company, which valued her business at $600,000.
After the show aired, Super Potty Trainer 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 Super Potty Trainer in 2024 is about $1.11 million.
Super Potty Trainer Shark Tank Update
The Super Potty Trainer expanded further after making an appearance on Shark Tank. In 2024, the corporation is still operating. Although the product was offered for sale on Amazon for a while, it is no longer accessible there. Nonetheless, the company’s official website still sells it.
Customers have given the product a lot of favorable feedback, and pediatricians, who are medical professionals who treat children, have approved it. It makes kids feel secure as they learn how to use the loo. Even though the company won a deal on Shark Tank, the Sharks’ agreement was still unmet as of September 2023. Still, the company is operating profitably and is generating more revenue than it did previously.
In terms of a Super Potty Trainer update, Indeed, Super Potty Trainer was able to close a deal on Shark Tank. Lori Greiner and Daymond John, two sharks, made Judy and Chris an offer. $300,000 was exchanged for half of the business in the sale. This implies that in exchange for their investment, the sharks would receive half of the company.
Judy and Chris agreed to give up more of the business in exchange for Lori and Daymond’s investment, even though they had initially requested $300,000 for just 10% of the company. They accepted the contract without hesitation because they thought the sharks would help them build their business more quickly.
Shark Names | Demand & Offer | Counter Offer | Accepted? |
Lori Greiner | $300,000 for 50% equity | N/A | N/A |
Daymond John | $300,000 for 50% equity | N/A | Yes |
Kevin O’Leary | Out | N/A | N/A |
Mark Cuban | Out | N/A | N/A |
Robert Herjavec | Out | N/A | N/A |
Super Potty Trainer Shark Tank Pitch
Judy’s personal experience toilet training her daughter gave rise to the concept of the Super toilet Trainer. Potty training Judy’s daughter was challenging since she was terrified to sit on the toilet. Judy’s kid once remarked that if Judy sat on the toilet with her, she would use it too. Judy carried out this action while also carrying her young child.
Although Judy realized she wouldn’t always be able to sit with her kid, this method worked for a while. This inspired her to design a tool that would provide her daughter with a sense of security without requiring a companion to sit with her. When used on the toilet, the Super Potty Trainer functions similarly to back support, providing children with a sense of security as they learn.
Chris Guerrera and Judy Guerrera collaborated to make the product a reality. They had to overcome numerous obstacles, such as coming up with an effective design and figuring out how to make the product cheaply.
In our Super Potty Trainer update research, Judy and Chris demonstrated how their solution may address a typical parental issue when they appeared on Shark Tank. Judy talked about how challenging it was to potty train her daughter and the way the Super Potty Trainer made things go more smoothly. The product was a straightforward yet brilliant concept that immediately won the sharks over. Judy and Chris asked the sharks for a ten percent stake in their company in exchange for $300,000.
They clarified that major stores like Walmart and Menards have previously expressed interest in the product. Walmart had given them a $1.1 million buy order, which meant the product would soon be available for purchase at Walmart shops. But they had only made sixty thousand dollars in sales thus far, and they had a large amount of merchandise sitting in their warehouse. Though they were fascinated, the sharks were cautious of the vast quantity.
Many questions concerning the Super Potty Trainer were posed by the sharks. They were curious as to why, with such a large order from Walmart, the company had only made $60,000. Judy and Chris clarified that the reason for the poor sales was that they were just starting out and needed assistance to expand the company more quickly. The expense of producing the product was another question the sharks had.
Chris clarified that since each unit only costs $2.30 to produce, they could sell it for much more and turn a healthy profit. The fact that the product was created in the US also pleased the sharks. The product’s patent protection meant that no one else could lawfully replicate it, according to the founders.
Although the Super Potty Trainer concept was appealing to the sharks, they were apprehensive about the company’s estimated worth. The first shark to say no was none other than Mark Cuban. He found it unjust that the business was requesting so much money at a time when they had not yet generated many sales. Another shark, Robert Herjavec, declined for the same reason.
More bluntly, Kevin O’Leary informed Judy and Chris that they had approached the sharks too soon. He believed that their request for funds was excessive for a tiny company. Daymond John and Lori Greiner, however, thought the product had potential. If Lori agreed to accompany him, Daymond indicated he would be ready to invest.
When Lori accepted, they made Judy and Chris an offer of $300,000 for half of the business. Judy and Chris had wanted to give up less of the company, but they quickly accepted the proposal.
What Went Wrong With Super Potty Trainer On Shark Tank?
Despite the fact that Judy and Chris were able to close a sale, during the pitch various objections were raised. The company’s valuation was the main issue. The founders had barely made $60,000 in sales but demanded $300,000 in exchange for just 10% of their business. The sharks believed the corporation was asking for too much as a result of this.
Both Robert Herjavec and Mark Cuban stated that this problem prevented them from making investments. Kevin O’Leary added that the business had been on Shark Tank too soon and should have advanced further before requesting such a significant investment. Ultimately, only Lori and Daymond expressed interest in investing, and they demanded a 50% stake in the business in return.
Product Availability
It is still possible to buy the Super Potty Trainer today. Despite no longer being sold on Amazon, you may still purchase it straight from the business’ website. Several satisfied families who used the item and found it useful have left good reviews on the website. Since the product only costs about $25, most families can afford it. It is intended to make kids feel secure and at ease as they practice using the restroom.
Conclusion
Although the Super Potty Trainer’s Shark Tank journey was not without its difficulties, it also proved to be successful for the company. Judy and Chris were able to close a deal with two sharks, Lori Greiner and Daymond John, because of their invention that addressed a genuine issue for parents. Even if the deal to buy isn’t quite finished, the business is expanding and generating more revenue.
The product is still on the market and has garnered a lot of good feedback from users. The tale of Judy and Chris demonstrates that success is achievable even in the face of difficulties if one has perseverance and a sound plan. We’re interested to see what the Super Potty Trainer does next, and we’ll keep you informed if there are any developments.
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.