The Turbobaster is an all-in-one cooking tool designed by Marian Cruz from California. It functions as a marinade injector, meat basting brush, and cleaning brush.
Marian appeared on Shark Tank Season 1, Episode 3, seeking $35,000 for 30% equity. At the time, the product was still a prototype with no sales. Kevin Harrington invested $35,000 for 100% ownership, with Marian receiving a 2% royalty on profits.
The battery-powered Turbobaster simplifies the basting process, saving time and effort for users.
Company Name | Turbobaster | |
Founder | Marian Cruz | |
Founded | 2007 | |
Product | All-in-one baster cooking tool | |
Asked For | $35k for 30% equity | |
Final Deal | $35,000 to take 100% equity + 2% royalty go to Marian | |
Shark | Kevin Harrington | |
Episode (Shark Tank USA) | S1 E3 | |
Air Date | Aug 23th, 2009 | |
Business Status | Out of Business | |
Website | Visit Website | |
Headquarters | Fremont, California, USA | |
Annual Worth (Sales) | $0M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Turbobaster?
The founder and inventor of the Turbobaster business is Marian Cruz. Currently, there is limited information available about Marian online.
How Was The Shark Tank Pitch Of Turbobaster?
On Shark Tank, Marian Cruz sought $35,000 for 30% equity at a $116,000 valuation. The product presentation featured only a prototype. Kevin O’Leary inquired about the estimated retail and manufacturing costs of the product.
Marian stated that the retail cost for the standard model was $19.99 and $29.99 for the stainless model but was unsure about the manufacturing cost.
Kevin O’Leary decided to withdraw, citing the lack of information about manufacturing costs, sales figures, market size, and competitors. Barbara Corcoran and Robert Herjavec also opted out for similar reasons.
Kevin Harrington expressed interest in the product and offered $35,000 for 100% equity plus a 2% royalty. Marian accepted this offer. Daymond John later offered $40,000 for 51% equity plus a 2% royalty, which he increased to $50,000. However, Marian chose to accept Kevin Harrington’s offer.
Sharks | Offers |
---|---|
Barbara Corcoran | No Offer |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Daymond John | $40k with a 2% royalty for a 51% equity (#1) $50k with a 2% royalty for a 51% equity (#2) |
Kevin Harrington | $35k with a 2% royalty for a 100% equity (#1) |
Founder’s (Countered) | No Counters |
Final Deals | $35k with a 2% royalty for a 100% equity |
Turbobaster Shark Tank Update
TurboBaster secured a deal on Shark Tank with Kevin Harrington, who took 100% ownership of the business in exchange for a $35,000 investment.
Since the episode aired, there has been no further information about the business. The official website and social media accounts for TurboBaster have been shut down, suggesting that the business may be closed.
No updates or evidence indicate that the TurboBaster brand is still active. Although Marian Cruz retained a 2% royalty after selling 100% ownership, there is no current information available to confirm the ongoing operation of the business.
What Is Turbobaster’s Net Worth?
TurboBaster’s net worth is estimated at $0 million. The kitchen and dining furniture industry is vast, with many brands investing billions annually. The global market size for this industry is projected to reach $89.47 billion by 2024.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $0M *estimated |
2022 | $0M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $35k | Kevin Harrington |
Currently, TurboBaster is out of business, and no new information is available online about the company.
No, Turbobaster has been out of business since 2008.
frequently asked questions
Who founded Turbobaster?
Turbobaster was founded by Marian Cruz.
Did Turbobaster get a deal on Shark Tank?
Yes, Turbobaster got a deal on Shark Tank.