SplashZen  Splash Guard Shark Tank Episode Update & Net Worth

SplashZen  Splash Guard Shark Tank Episode Update & Net Worth

SplashZen, co-founded by Rodney and Tanya Rasmussen, appeared on Shark Tank in Season 15, Episode 12 seeking $100,000 for 10% equity, valuing the company at $1 million. SplashZen is a bathtub splash guard designed to keep water inside the tub during bath time, addressing the common problem of messy splashes, especially with children and pets.

SplashZen was featured in Season 15, Episode 12 of Shark Tank. In their pitch, Rodney and Tanya sought $100,000 for 10% equity, valuing the company at $1 million. They highlighted the following key features of their product:

• Innovative Design: The splash guard acts like a flexible barrier that raises the height of the tub walls, preventing water from spilling out during bath time.
• Easy to Use: The product can be easily rolled up and stored when not in use, similar to a sideways window shade.
• Dual Functionality: It can also be used while bathing pets, making it versatile for families with both children and animals.

• Save

During the pitch, the sharks were impressed with the product’s concept and potential. Ultimately, Barbara Corcoran made an offer of $100,000 for 14% equity plus a $100,000 line of credit, which Rodney and Tanya accepted.

Following their appearance on Shark Tank, SplashZen has seen considerable success. The product has gained traction through social media marketing, particularly via TikTok, and has experienced a boost in sales. The couple continues to promote their product and expand their reach in the market.

As of now, SplashZen is estimated to have a net worth of approximately $80,000, reflecting its growth since the Shark Tank appearance and the investment from Barbara Corcoran.

SplashZen is still in business and actively selling its splash guard. The company continues to focus on providing practical solutions for parents, ensuring that bath time remains fun without the mess. They aim to expand their distribution and reach more customers through retail partnerships and online sales.

What is SplashZen Bath Splash Guard? How Does it Work?

SplashZen Bath Splash Guard is a practical and innovative solution for parents and pet owners who want to keep water inside the bathtub during bath-time. The product is essentially a sturdy, foldable splash guard that can be easily installed on the edges of a bathtub.

Once in place, it prevents water from splashing out, reducing the mess and making bath-time more enjoyable for both children and pets.

The SplashZen is designed with busy parents in mind, offering a way to extend bath-time play without the usual cleanup. It’s also versatile enough to be used when bathing pets, providing a dual function that adds value to the product.

The splash guard is made from durable materials, ensuring it can withstand the wear and tear of regular use while remaining easy to clean and store.

In terms of pricing, SplashZen costs about $40 to manufacture and retails for $99, providing a solid profit margin for the company.

The product has been well-received by consumers, especially those who have discovered it through the couple’s viral TikTok videos and social media campaigns.

Rodney and Tanya Rasmussen, the entrepreneurial duo behind SplashZen, brought their innovative bath-time accessory to Shark Tank Season 15. Their product, the SplashZen Bath Splash Guard, is designed to keep water inside the tub while children or pets enjoy their bath, making bath-time less stressful for parents. The couple successfully secured a deal with Barbara Corcoran for $100,000 in exchange for 14% equity in their company, along with a $100,000 line of credit.

Since their appearance on Shark Tank, SplashZen has experienced a notable increase in sales, thanks to the exposure from the show. As of 2024, SplashZen’s net worth has likely grown due to the influx of orders and the strategic partnership with Barbara Corcoran. The company continues to build on its initial success, working to expand its product reach and distribution.

• Save

SplashZen Bath Splash Guard Shark Tank Full Episode; What Happened at Shark Tank Pitch

During their Shark Tank pitch, Rodney and Tanya Rasmussen showcased the SplashZen Bath Splash Guard and explained how it makes bath-time easier and less messy.

 They emphasized that the product was born out of necessity, as they struggled to keep water inside the tub while bathing their three young sons. The SplashZen not only keeps water from splashing out but also makes cleanup faster and easier.

The couple entered the tank seeking $100,000 for 10% equity, valuing their company at $1 million. They demonstrated the product’s durability and ease of use, impressing the sharks with its sturdy construction.

 Lori Greiner was quick to notice the product’s quality and potential, while Kevin O’Leary expressed concerns about the challenge of explaining the product to consumers in a retail setting.

Despite Kevin’s reservations, the other sharks recognized the product’s potential, particularly for direct-to-consumer sales. The couple revealed that they had generated $80,000 in sales, with $10,000 coming in the last three months of the previous year, largely through viral social media efforts.

Robert Herjavec and Mark Cuban were the first to drop out, citing concerns about the product’s necessity and market potential. Kevin O’Leary followed, sticking with his earlier opinion that the product would be difficult to sell in retail without extensive explanation.

However, Lori Greiner saw potential in both the product and the entrepreneurs, offering $100,000 for 20% equity. Barbara Corcoran quickly countered with an offer of $100,000 for 15% equity, plus a $100,000 line of credit.

This led to a bit of back-and-forth, with Rodney asking if the two sharks would consider partnering. When they declined, Rodney asked Lori to match Barbara’s offer. Lori agreed to $100,000 for 17.5% equity with the line of credit.

As the negotiations heated up, Barbara reduced her equity ask to 14.5%. Rodney then asked if she would settle for 14%, and Barbara agreed. The couple ultimately accepted Barbara’s offer, securing the investment and mentorship they were seeking.

What Happened to SplashZen Bath Splash Guard After Shark Tank?

After their Shark Tank appearance, SplashZen saw an increase in sales, driven by the exposure from the show and the strategic partnership with Barbara Corcoran. While it is still too early to report exact revenue figures, it is common for companies to experience a significant sales boost following their appearance on Shark Tank.

The partnership with Barbara is expected to help SplashZen navigate the challenges of scaling the business and expanding into new markets. With Barbara’s experience in branding and retail, the company is well-positioned to refine its marketing strategy and potentially enter retail stores in addition to its strong direct-to-consumer sales channel.

How Much Is SplashZen Bath Splash Guard Worth?

As of 2024, SplashZen Bath Splash Guard is estimated to be worth around $1.5 million, reflecting the increase in sales and the value added by the partnership with Barbara Corcoran. The company’s valuation has grown since its appearance on Shark Tank, driven by the product’s appeal and the successful direct-to-consumer sales model.

The company’s focus on solving a common problem for parents and pet owners, combined with the solid profit margins, suggests that SplashZen is well-positioned for continued growth. With plans to expand its product reach and possibly enter retail markets, SplashZen’s net worth is expected to continue rising.

Is SplashZen Bath Splash Guard Still in Business?

Yes, SplashZen Bath Splash Guard is still in business and thriving. The company has successfully leveraged the exposure from Shark Tank to increase its sales and expand its market presence. Rodney and Tanya Rasmussen remain committed to growing their business and making bath-time easier for parents and pet owners everywhere.

With the support of Barbara Corcoran, SplashZen is focused on scaling its operations, improving its product offerings, and exploring new distribution channels.

The company is actively working to meet the growing demand for its innovative bath-time solution and to establish itself as a must-have accessory for families with young children and pets.

Which Episode Number was SplashZen on Shark Tank?

SplashZen Bath Splash Guard was featured in Episode 12 of Shark Tank Season 15. In this episode, Rodney and Tanya Rasmussen pitched their product to the sharks, sharing their story as parents of three boys and how they came up with the idea to solve the messiness of bath-time.

The episode highlighted the product’s practicality and its potential appeal to a wide audience of parents and pet owners.

FAQs

Which Shark Tank season featured SplashZen Bath Splash Guard?
SplashZen Bath Splash Guard was featured in Season 15 of Shark Tank.

Did SplashZen Bath Splash Guard get a deal on Shark Tank?
Yes, SplashZen Bath Splash Guard secured a deal with Barbara Corcoran for $100,000 in exchange for 14% equity, plus a $100,000 line of credit.

How much was SplashZen Bath Splash Guard asking for on Shark Tank?
SplashZen Bath Splash Guard was asking for $100,000 in exchange for 10% equity.

What is the retail price of SplashZen Bath Splash Guard?
SplashZen Bath Splash Guard retails for $99.

Where can I buy SplashZen Bath Splash Guard?
SplashZen Bath Splash Guard is available through the company’s website and may soon be available in retail stores.

Is SplashZen Bath Splash Guard expanding its product line?
Yes, with the support of Barbara Corcoran, SplashZen is exploring opportunities to expand its product line and distribution channels.