What is Scrub Daddy?
Aaron Krause presented his one-of-a-kind scrubbing pad to the investors on Shark Tank, back in episode 407. Scrub Daddy was established in 2012 by professional detailer Aaron Krause. Scrub Daddy is versatile enough to clean everything from dishes to outdoor furniture. It responds to the temperature of the water around it by changing how stiff it is. Scrub Daddy is well-known for its smiley-face sponges. A revelation dawned upon him one day: Scrub Daddy was particularly useful in the kitchen. Originally intended as a novelty item, Aaron eventually found success with Scrub Daddy and took it to QVC.
The polymer used to make sponges is textured in a variety of ways. When submerged in hot water, it softens, while cold water causes it to stiffen. Aaron is the mastermind of Scrub Daddy, a pad used to clean the hands of auto technicians, and runs a thriving automotive aftermarket company.
Scrub Daddy, an American maker of cleaning goods, was founded in 2008 by Aaron Krause. Not to mention the success of Smiley Sponge, which made way for Krause. After all that time and energy, in 2019, Scrub Daddy made the most money of any product featured on the ABC reality program Shark Tank, which is awesome, right? In 2022, Scrub Daddy once again reached a $250,000,000 in total value.
Since 2012, when Greiner invested $200,000 for a 20% investment, Scrub Daddy has reportedly made over $200 million in revenue. Greiner facilitated the sale of 42,000 sponges in less than seven minutes on QVC. Ten of the twenty most lucrative items provided were bought by her.
Who Created Scrub Daddy?
Scrub Daddy was created by Aaron Krause, an entrepreneur and inventor. Aaron received his bachelor of science in psychology from Syracuse University in 1992. Next year he started his own company, Dedication to Detail, Inc. After almost sixteen years there, he decided to start his own company, Ion Tech Wear. His third and most successful venture was called Scrub Daddy. Since May of 2012, he has acted as both CEO and President.
Shark Tank success
It was announced in January 2017 that Scrub Daddy had achieved over $100 million in sales, making it the most successful product ever shown on Shark Tank. Over $50,000,000 was made since the pitch in December 2021. Sales of over 10,000,000 units were achieved. The firm has a value of $209 million as of October 2019 because to its profitable operations. Investor Lori Greiner claims that Scrub Daddy has generated $75 million in sales in the previous three years. The company has future intentions to expand into the production and sale of additional products including screen cleansers, sponge Caddies, and limited-edition seasonal hues. In addition, they want distribution across the United States and in certain international markets.