Well, you see, this Legacy Shave thing, it ain’t that old but it sure made some noise. Back in 2022, these fellas took it to that TV show, uh, Shark Tank, and they got a deal with that Lori Grenier lady. Oh boy, once they did that, sales just flew off the shelves, sold out on that QVC place, you know? People like that shave brush thingy they made. It’s a brush you can stick right onto a can of shaving cream, no mess, no fuss. That’s what folks like, keeps things simple.
Now, if we talk about 2023, things look even better for Legacy Shave. Folks are saying their net worth has gone up to around $1.2 million by October. That’s a good jump from where they were before. I heard last year, they were somewhere around $730,000. So, they’ve been doing alright, I’d say. Seems like folks really like that brush idea.
They’ve sold quite a bit too. People say they’ve made about $4.8 million in total sales by now. But, if we talk about how much they pull in each year, it’s around $1.9 million. Not bad for a little shaving gadget, huh? Now, that deal with Lori from Shark Tank? Well, as of August 2023, that deal ain’t fully closed yet, but things are still looking pretty good. No one’s too worried about it.
What helped Legacy Shave grow so fast?
Let me tell ya, being on that Shark Tank show really helped them grow. They say sales went up by 500% after that! That’s quite a boost if you ask me. They also faced some challenges, sure, but they’ve been pushing through. One thing for sure, getting your product in front of folks on TV sure makes a big difference. Ain’t like the old days where you’d have to go door to door selling things.
Now, some folks think they’ll keep growing at about 5% each year, which sounds alright considering how tough things can get for businesses sometimes. But if they keep finding ways to make shaving easier, I reckon they’ll do just fine.
Legacy Shave’s worth and future
So, if we look at things right now, their net worth is sitting at $1.2 million as of October 2023. And like I said before, they’ve sold $4.8 million worth of them brushes, and their yearly revenue is around $1.9 million. That’s a lot of folks using them fancy brushes to shave with. They say the owners, Mike and Dave Gutow, are from Michigan. These two boys really came up with something clever. Who would’ve thought a little brush would make shaving easier for so many folks?
There’s more to come from them, I’m sure of it. Folks are still watching to see how things go with that deal from Shark Tank. But as it stands now, Legacy Shave is doing pretty good, and people like their products. Guess we’ll see what the future holds for them, but I don’t think they’re going anywhere soon.
Tags：[Legacy Shave, Shark Tank, Shaving Brush, Net Worth 2023]
