A Storm Bag is a reusable sandbag that works to prevent floods. Father and son team Miles Huffman and Maurice Huffman started this storm bag business. This unique product was invented by Maurice and he used to sell this bag at his military surplus store.
He used to sell 200 bags every week, but when Hurricane Storm came in August 2011, he sold approximately +10,000 bags in one week. In 2011, Maurice did a perfect business and made almost a thousand dollars worth of revenue in just one week.
To take their product nationwide, Miles Huffman and Maurice Huffman appeared on Shark Tank for funding. Sharks will help in growing this business by marketing the product.
What Is Storm Bag?
The Storm Bag is a reusable and non-toxic bag made from biodegradable burlap and linen. Crosslinked polyethylene powder has been filled inside this bag, which turns into jelly format as soon as it comes in contact with water.
It takes a few minutes to fill the bag and its special thing is that by keeping the bag hot for two weeks, it starts to dry out and the bag is ready for re-usable. The jelly in this bag is considered beneficial for the tree.
|Company Name||Storm Bag|
|Founder||Miles Huffman and Maurice Huffman|
|Product||Re-usable Sand Bags|
|Asked For||$200k for 10% equity|
|Final Deal||$200k for 30% equity|
|Shark||Mark Cuban||Lori Greiner|
|Episode (Shark Tank USA)||S15 E2|
|Air Date||Oct 6, 2023|
|Business Status||In Business|
|Headquarters||Chico, California, USA|
|Lifetime Worth (Sales)||$0.8M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Storm Bag?
The founder of the Storm Bag business is Maurice Huffman and his son Miles Huffman is the partner. Maurice is a musician and also the owner of a military surplus store.
How Was The Shark Tank Pitch Of Storm Bag?
Son and father Miles and Maurice asked the sharks for $200k for 10% equity at $2 Million Valuation after appearing on Shark Tank. Maurice explained the Reusable sandbag to the shark and the shark was quite impressed by the features of the product.
They made $90,000 in the financial year 2022 without marketing. The selling cost of the product is $5.50 and the making cost of each is $2.
Kevin O’Leary went out of business Because the product it is competing against is free. Daniel Lubetzky and Daymond John together offered $200k for 40% equity. Mark Cuban and Lori Greiner jointly offered $200k for 30% equity.
Daniel and Daymond matched the offers from other Sharks. Maurice accepted Lori and Mark’s offer.
What Happened To Storm Bag After Shark Tank?
Storm Bag got a deal on Shark Tank, and Mark Cuban and Lori Greiner invested in this business. Mark Cuban talked about focusing on product design and making commercial products. It is expected that after this the sales of the company will increase a lot.
What’s new on Storm Bag
Last Update: November, 2023
After the Shark Tank episode of Storm Bag aired, there were many people who may have purchased this product to use. This bag is reusable as well as eco-friendly.
Storm Bag Shark Tank Update
The Storm Bag Company was founded by Mark and Lori. Changes in product design and market may be seen in the coming times. Currently, not much information related to this brand is available.
What Is Storm Bag’s Net Worth?
Storm Bag’s net worth is estimated at $0.5 million. This reusable bag is good for the environment and can also prevent floods. Maurice is making good revenue from this business. Hopefully, the growth of this business will increase after Shark Tank.
Is Storm Bag Still In Business?
Storm Bag is an innovative product that not only solves a real problem but is also good for the environment. The way floods are increasing, this type of product is going to be very useful in the coming times.
The headquarters of this business is in Chico, California, United States, and 2-10 people are working in it.
Yes, Storm Bag is still in business as of November 2023.
frequently asked questions
Who founded Storm Bag?
Storm Bag was founded by Maurice Huffman.
Did Storm Bag get a deal on Shark Tank?
Storm Bag gets a deal on Shark Tank, and Mark Cuban, or Lori Greiner invest in this business.