LavaBox is a portable campfire that helps organize a fire while outdoor activities and camping. This protable campfire has been given the design of an ammo box however this box is not the original ammo box.
Statewide wildfires were banned in 2020, due to which Josh Thurmond came up with the idea of making a portable campfire. After a lot of research and development, Josh has come up with this LavaBox product.
He organizes outdoor adventure programs for people with disabilities at the National Sports Center for the Disabled. Now Josh is the founder and Chief Eruption Officer of this company.
His wife Sylvia Thurmond also helps in this business. Every day there are many people who go to the forest or go to some hill area to do outdoor adventure. At the time of adventure, people make campfires with some wood that they find in the forest.
Sometimes campfires cause forest fires, which pose a threat to plants and animals. A lot of wildfire cases are reported every year and this is not good for the environment.
Campfire is done in the ground, using wood, there is a danger of fire in the forest. But this portable campfire reduces that danger to some extent.
LavaBox can prove to be a better option for making campfire. Josh Thurmond, the inventor of this product, appeared on Shark Tank Season 14 Episode 18 and asked the sharks for $200,000 for 10% equity at $2 Million Valuation.
What Is LavaBox?
LavaBox is a patent pending ammo box design portable Campfire. Mainly 3 things are used to make this product Can Box, Burt Tank, Hose & Regulator. Hades stones can also be used as additional if any kind of cooking is to be done.
Many things can be grilled with this campfire. 10lb burt tank lug bhag can last an estimated 12-16 horses. It is not recommended to burn wood in this box as it may destroy the paint of the box.
This LavaBox is available in different models. The Tabletop Vol-CAN-no costs $199, The Tacana Twosome costs $299, Krakatoa FireBreather costs $349 and Hekla costs $329.
This product is available in 21 retail stores in the United States and on the company website.
|Asked For||$200k for 10% equity|
|Final Deal||$200K for 12.5% equity + a royalty of $0.75 per unit until $200K is paid|
|Episode (Shark Tank USA)||S14 E18|
|Air Date||Mar 31, 2023|
|Business Status||In Business|
|Headquarters||Denver, Colorado, United States|
|Lifetime Worth (Sales)||$1.8M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of LavaBox?
Josh Thurmond is the founder and CEO of this company, he started this company on August 2020. Sylvia Thurmond is the Chief Fire Officer in this company.
After Josh earned his Master of Public Administration from the University of Colorado Denver, He was the Metro Program Director for 4 years at the National Sports Center for the Disabled.
He also worked as the Director of Client Services at Handbid for a few years.
Sylvia is a Forensic DNA Analyst of the City and County of Denver. She started working as a DNA analyst after studying MFS, Forensic Molecular Biology from George Washington University.
She has worked at many places such as The Bode Technology Group, Denver Police Department Crime Laboratory and more.
LavaBox Before Shark Tank
To make campfires more sustainable, Josh invented the Lava Box portable campfire product. Campfire can be organized anywhere from this box and there is no need of wood in it, only Burt tank is required.
Josh started working on this product in 2020 when wildfire was banned in the most wild area of Colorado. He built the product by putting gas inside the ammo box. Josh used different techniques to improve the product.
The company says that $1 will be donated for the sale of every portable Campfire product to protect the river. As of March 2023, this product is only being shipped in the United States, with plans to ship to Europe, Asia, etc. soon.
The product sold over 4,000 units in just 18 months after its launch. This was a huge success of this new brand. After this founder Josh started working full time in this business.
How Was The Shark Tank Pitch Of LavaBox?
After Josh entered Shark Tank, he asked the sharks for $200k for 10% equity. He told Shark about the product, how this product is better and more sustainable than Original Campfire.
This product is available in 3 different models Small, Medium and Large. The retail cost of the Tacana Twosome is $195 and the Landed is $29.
Josh initially made 7 prototypes and started selling the best one out of them in the market. He started selling 40 products every week.
This business has been in operation for 18 months around January 2022 and has completed $610,000 in sales so far. In these sales their profit so far is $290,000.
Josh estimates they can complete $1.2 million in sales by the end of 2022. Kevin O’Leary started with a first offer of $200k for 20% equity. Daymond John made an offer of $200k for 20% equity which is similar to Kevin’s offer.
Lori Greiner offered $200k for 15% equity + royalty of $0.75 per unit until $200k is paid. Josh counters Lori for 12% equity but the royalties will remain the same.
Lori countered 12.5% equity, meanwhile Daymond countered 15% equity. Kevin O’Leary countered $200k for 10% equity. Lori tries to convince Josh Josh asks Lori to reduce the royalties to $0.50.
Finalize: Lori Greiner invests $200K for 12.5% equity + a royalty of $0.75 per unit until $200K is paid.
LavaBox Shark Tank Update
Josh talked about many things after entering Shark Tank. He told how he got the idea of making this product and what is the making cost and selling cost of the product. Many things were talked about in it.
We’re following Josh Thurmond along with his company for further updates.
What Is The Net Worth of LavaBox?
LavaBox has an estimated net worth of $1.6 million. This company was started in 2020 and in today’s time this company has completed 4,000 product sales. One report found that 85% of wildfires in the United States are caused by humans.
There can be many things in it like campfire in the forest etc. We believe that the risk of wildfire caused by Campfire can be reduced with this LavaBox Protable product.
Is LavaBox Still In Business?
According to the LinkedIn profile of the company, this company was started in August 2020. In the initial year, this company had done very good sales and people had a lot of recommendations regarding this product.
By using this product in snow area one can easily make a campfire. In this, we will not have the problem of extinguishing the fire with snow.
The company is headquartered in Denver, Colorado, United States and employs 2-10 employees, according to LinkedIn.
Yes, LavaBox is still in business as of April 2023.