Shark Tank Boona Tandem Showerhead, a dual shower head system founded by Jeff Feiereisen and Brett Skaloud, entered Shark Tank USA in 2024 on Season 15. The founders were seeking $400,000 for 10% equity. But unfortunately they couldn’t secure a deal with the Sharks. In this article, we will explore Boona Tandem Showerhead Net Worth in 2024, its Shark Tank pitch summary and more.
Boona Tandem Showerhead Net Worth
As of March 2024, Boona Tandem Showerhead’s estimated net worth is $3 million and by the end of this year, the company anticipates projected annual revenue will be $1.7 million.
| Net worth | $3 million *estimated |
| Annual Sales Revenue | $1.7 million *projected (End of the current year) |
| Profits | Over $850,000 *projected (End of current year) |
| Lifetime sales | Not Available |
| Employees | 2-10 employees |
Boona Tandem Showerhead Net Worth Timeline
| Net Worth 2024 | $3 million *estimated |
Shark Tank Boona Tandem Showerhead Update from Season 15
They entered the Shark Tank seeking $400,000 for 10% equity, valuing at $4 million. In there, Jeff and Brett disclosed having amassed over 5,000 satisfied customers and boasted an impressive average rating of 4.7 stars. Their sales journey began with pre-orders in April 2022.
Their Kickstarter campaign generated $774,113 in sales, selling over 3,430 units. They projected $1.7 million in revenue and an $850K profit by year-end. Additionally, they forecasted $5 million in annual revenue the following year.
Mark Cuban asked about their goals. They explained they aimed to become a recognized brand, starting with expanding their shower accessories and potentially branching out further. Kevin O’Leary advised that successful Shark Tank deals often focus on one product. He saw Boona as a product rather than a brand at this stage.
Mark Cuban agreed with Kevin and advised the entrepreneurs to focus on one product first. He emphasized that executing well on that product will naturally build the brand, cautioning against rushing to build the brand too early.
Barbara Corcoran voiced her lack of resonance with the product, citing numerous concerns. Consequently, she opted not to invest. Similarly, Robert Herjavec shared an idea and mentioned he already owns multiple showerheads but typically uses only one. Due to this, he also decided not to invest.
Mark again mentioned that the product has a profit potential. So, he recommended focusing on one product. However, he decided not to invest because it didn’t align with his investment strategy.
Lori asked about the price and availability. They said it usually sells for $249 but is currently selling for $199. For those wanting extra shower power, the Tandem Shower is $299, now $249 on sale. Both models have a manufacturing cost of just $69. Lori Greiner decided it was not the right fit for her and opted out.
However, Kevin O’Leary presented two offers. Firstly, offering $400,000 for 10% equity with a $40 royalty per unit. This would go away after he makes $1.2 million. Secondly, $400,000 for 33.3% equity.
Brett countered with $600,000 for 20% equity. Mark questioned why they would give up 20% for $600,000. After some negotiation, Kevin got frustrated and withdrew his offers. Unfortunately, Jeff and Brett left the show without a deal.
| Company Name | Boona |
| Founder | Jeff Feiereisen and Brett Skaloud |
| Business | A dual heads shower system with offering an immersive and connected experience for couples showering together |
| Episode | Season 15, Episode 17 |
| Asked Deal | $400,000 for 10% equity |
| Final Deal | No Deal |
| Sharks | No Sharks |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Seattle, Washington, USA |
What Happened to Boona Tandem Showerhead after Shark Tank?
As of March 2024, Boona Tandem Showerhead is still in business. Following their recent episode, Brett and Jeff predict a surge in orders. They’re confident in their website’s capacity to manage traffic. Currently in the pre-order phase, they expect to sell out their inventory quickly.
With the showerhead market valued at $7 billion in 2022, there’s significant growth potential for Boona. To sustain success, they’ll need to continue innovating and offering unique products. The Tandem Shower solves the problem of one partner using all the hot water without breaking the bank. It’s the only affordable option on the market for adding two showerheads.
Despite not securing a deal on Shark Tank, Boona Tandem Showerhead thrives with 1,000+ 5-star reviews, showing strong customer satisfaction. Through TikTok and Instagram, they reached 100 million views, gaining over 50,000 followers on both platforms and a mailing list of over 40,000 subscribers. The product is available on both the Boona website and Amazon.
Boona Tandem Showerhead Founders
Jeff Feiereisen and Brett Skaloud are the founders of Boona Tandem Showerhead. Brett Skaloud and Jeff Feiereisen, former Amazon engineers, co-founded Boona. Brett worked on Amazon’s Scout delivery robot and Go cashier-less stores. Jeff worked at Microsoft, then joined Amazon, collaborating on the Go project. They became close friends.
They realized showering with a partner was uncomfortable and lacked an easy solution, so they decided to create one. After developing a prototype, they found it was feasible to mass-produce. They launched the Tandem Shower under their parent company, Boona. To raise funds, they invested in marketing, filmed a demo, and hired a crowdfunding consultant.
Boona Tandem Showerhead is one of Boona’s company products, and it was started in 2002. However, the Boona Tandem Showerhead product found date is not disclosed.
Boona Tandem Showerhead Achievements and Awards
| Year | Achievements and Awards |
| 2024 | The company was featured on Shark Tank Season 15 |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Boona Tandem Showerhead was one of the ventures featured on the show. Despite the loss of the deal, the company showed that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 17.
