Mighty Carver is an electric knife manufacturing company based in DeBary, Florida. This company was started by the founder Kim in 2016 after her grandpa passed away.
This Mighty Carver is a type of food-cutting knife that looks like a chainsaw and also sounds like it. There is an electric wire in it, which can be connected to the electricity to cut turkey, pineapple, or any food.
Along with cutting food, it is also fun to use a chainsaw. It looks like a Toy Chainsaw, when viewed properly it is 19 inches (ca. 48 cm) long, 5.8 inches (ca. 15 cm) wide, and 8.7 inches (ca. 22 cm) high.
This knife comes with surgical-grade (dishwasher-safe) stainless steel blades with machine-cut, razor-sharp serrated edges. To start the knife, a button is given to it, and after pressing it the knife starts running.
Its handle is quite comfortable and can control the knife very well. It can be taken as entertainment, If a guest comes to your house, then if you cut the food with this knife, the guest will be surprised. It will have a fun atmosphere.
The Mighty Carver, as of now, has a turkey carver with slices and thick cuts of meat, accurately, efficiently, and more, it should be done by him.
| Company Name | Mighty Carver |
| Founder | Lance Burney and Kim Burney |
| Product | electric food carving knife that sounds like a chainsaw |
| Asked For | $100,000 for 20% Equity |
| Final Deal | $100,000 for 25% Equity |
| Shark | Daymond John |
| Episode (Shark Tank USA) | Season 12 Episode 4 |
| Air Date | November 6, 2020 |
| Business Status | In Business |
| Net Worth | $400K *estimated |
Who Is The Founder Of Mighty Carver?
Kim is the CEO and Inventor of this company LLC DBA Mighty Carver, she officially launched this company in 2016.
She came up with the idea of this Carver concept, made it, and started selling direct-to-consumer.
Lance, who is the co-owner of LanKim LLC, is a successful entrepreneur and for his 30 years, he has been running multiple companies.
Presently he is the President of Sigalarm which has been running since 1999 this company manufactures Proximity Alarm products. Through this, workers are protected from dangerous overhead power lines.
Mighty Carver Before Shark Tank
The Mighty Carver is not a new electric knife. Even before this product came on the market, many products like it had come. It was introduced in the 1960s and was earlier a luxury item but later it became standard kitchen gear.
Slowly it took a lot of changes, so after 50 years Kim brought this product to the market by giving a new design.
The Wall Street Journal has identified this product as the “Most Fun to Use” turkey carver.
Kim went on to make a lot of changes to this product to give it a good look. In 2019, 5000 units of this product were sold.
At the time of launch, they did not patent this product, but later they patented it. He has partnerships with a lot of warehouses such as Sharper Image, Ace Hardware, The Grommet, and Hammacher Schlemmer.
With this, she also started selling this product on Amazon by setting a price of $79.99.
Did Mighty Carver Get a Deal on Shark Tank?
Mighty Carver founders Lance Burney and Kim Burney presented their product at Shark Tank and asked Shark for $100,000 for 20% equity.
Lance said, “So, we went to the International Houseware Show Last March 2022 and we picked some big resellers right off the bat “.
Primarily their products are sold at physical stores. By November 2020, this company had sold 8,500 units in the last 12 months. In 2019, this company generated a sale of $163,000 and then sold $41,000 a year to date.
The manufacture of this product is $20 in the United States and they sell for $69 and $89 in retail. They holds the Design Patent and the Chinese Patent.
So out of the amount they have sold, 10% is the cost of their digital ads.
Just now Kevin made his first offer, his offer was $100k for a 33.3% Stake.
Daymond John’s offer was $100k for a 27.5% Stake.
Daymond said that if you close the deal now, I will agree to $100k for a 25% stake.
Lance & Kim agreed to this Daymond offer for $100k for a 25% Stake.
Mighty Carver Shark Tank Update
A few weeks after this episode was telecast, the sales of Mighty Carver Knife got boosted, in a few weeks it made a million sales.
Lance has already been a successful businessman, he has been running more than 4 of his business for 30 years.
To grow a company, along with the product, brand building has to be taken care of. Their market team did a lot of campaigns and brought the product to retail stores in the United States.
A report was published in July 2021, according to the source, it generated $8 million in sales.
What Is Mighty Carver’s Net Worth?
Mighty Carver’s Net Worth is estimated a $400k.
They ship this product from Florida, it takes very little time for them. Currently manufacturing the product in the United States, and for this, Kim has hired many employees.
Many features are available in this product like Dual stainless steel blades, Simple blade release (button activated), Lightweight but powerful, easy cleaning, a Blade guard for consistent carving, and Many More.
