Suds2go Net Worth 2024 Update [Before & After Shark Tank]

In December 2018, Cindy and Gabe Trevizo founded Suds2Go, a portable handwashing device that allows users to wash their hands anywhere.

Suds2go Net Worth

The Suds2go Net Worth as of September 2023 is $1.5 Million, and they are generating an impressive $200,000 in revenue annually.

A deal with Robert Herjavec was made on April 16, 2021, when they appeared on season 12 of Shark Tank USA and made a deal for $200,000 for 15% ownership of the company. Based on the evaluation, the company was valued at $1.3 million, which was a decrease from the founder’s initial estimate of $2 million.

What Is Suds2Go?

As the name suggests, Suds2Go is a hygienic company that manufactures a portable hand wash that contains both water and foam soap at the same time as well as a portable hand wash container. As part of the 2018 Pandemic Beginning Stage, a new company was formed in Gilbert, Arizona as a response to the pandemic.

No matter what kind of harmful bacteria etc. is in your hand or your pocket, it will be cleaned in a matter of seconds without wasting much water in the process.

There is a need for persons to be able to wash their hands after handwashing with soap or sanitiser since the water has to be carried.

There is a solution for this type of problem that Suds2Go has come up with, it comes in two forms, the Hero Pack and caps.

In this stainless steel bottle, you will be able to use 2-3 pumps of foam to wash your hands thoroughly. There is no place where this product cannot be used in everyday life. As the container contains 30 pump soaps, this product is disposable, as it contains 30 pumps of soap.

Suds2go Net Worth

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Who Is The Founder Of Suds2Go?

As a husband and wife team, Cindy Trevizo owns Sudash2go, while Gabe Trevizo is the creator. Both are self-employed and own their own business.

There were both of them blinded to the fact that their families were going through financial issues when they started their startup. In the last few years, his startup has grown rapidly due to his dedication to work.

There was a loss of employment for Gabe in August 2021. Besides her job as a teacher, Cindy also worked as a waitress on weekends to earn an extra income.

Because Gabe had lost his job, he had to start doing whatever he could get for a living, such as valeting cars, landscaping, and portering, which is a job that involves picking up trash.

It was such an emotional moment for Gabe that he wept on Shark Tank as he talked about this experience. As a result of his commitment to his work, he has been able to launch a successful business.

In his current position, Gabe is a principal manager at Firebird Appliances & Consulting. He is also the creator of Suds2Go LLC.

Suds2Go Before Shark Tank

Several small jobs were undertaken by the founder husband and wife before the Suds2Go company was established to keep their household’s finances in order.

As soon as he got the chance, he would spend some time working on improving the finances of his family when he had some free time.

The reason he came up with the idea for this startup was due to the difficulty he faced daily due to the type of work he did daily.

It is estimated that he has collected all of his capital amount which is approximately $80,000, after which he started a Kickstarter campaign in which he raised about $12,000.

In the case of the bank account money, he used the money to manufacture, market, and store the products that he sold.

To continue to grow the business, he has taken out a personal loan of $150,000 to expand further in the future. In total, he invested $242,500, which comes to a total amount of $242,000.

According to Gabe’s statement on the Shark Tank show, he has a bank account balance of $90,000 and inventory on hand that is worth $120,000.

He began selling this product on the 1st of February 2021, and by December 19 of the same year, he had sold his entire stock of 4000 bottles, which was done in only six weeks.

To meet this requirement, the total amount of the sales of this product on April 16, 2021, was $392,000, which is a very large amount and it was achieved within 4 months.

Did Suds2Go Get a Deal on Shark Tank?

To raise $200,000 in investment for Suds2Go, Cindy & Gabe, the founders of the company, approached Shark with an offer of 10% equity in return for a $200,000 investment.

In addition, the founder’s pitch was a motivational one, which must have inspired many people that hard work is the answer to every problem, even the most difficult of ones.

Kevin O’Leary told the founder that he had been investigating this type of company before, Blueland, so this company is his direct competitor and he has been investigating it for many years. Due to this reason, Kevin refused to invest in the business because it was not acceptable to him.

Currently, many startups are working in this space, and Mark Cuban says that they don’t see the scope of the feature that will be built into it, so they don’t see it as a big need. Mark was able to get out of the deal because of this reason.

In addition, Robert Herjavec turned down the opportunity to invest in this deal, but when Daymond John showed interest in the business to help with distribution, Herjavec agreed to invest.

A counter-offer was made by Diamond, who offered to pay $200,000 in exchange for 22.5% equity in the company. In the aftermath, Robert made his offer of $200,000 in exchange for a 15% stake in the company just a few days later.

Eventually, Cindy and Gabe agreed to the offer of $200,000 for 15% of the business, and the deal was closed.

Suds2go Net Worth

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What Happened To Suds2Go After Shark Tank?

It was a very good experience for Cindy and Gabe to watch Shark Tank. I can tell you that Gabe was very emotional when she told about her struggles on Shark Tank.

There is no doubt that Robert invested heavily in this venture and gave Suds2Go all the support he could give in the areas of marketing, manufacturing, and technology that he deemed necessary.

This company was benefitting greatly from Shark Tank, as it gave them good engagement on social media platforms such as Facebook, YouTube, Instagram, etc, as a result of their appearance on Shark Tank.

It was only after raising $200,000 that the founder began to invest in manufacturing, marketing, and taking the product global.

Before the show, they had a total sales of $392,000. The sales signature of their company got boosted after the show, which led to a boost in their sales.

It has been featured in several media publications, including GMA, Better Homes & Gardens, Gearhungry, and several other media publications.

The brand, Suds2Go, is currently known for its foaming hand soap, suds2Go Foaming Hand Soap, and suds2go replacement pump, which are currently available for sale.


FAQ:

How is Suds2Go doing after Shark Tank?

It has been noted that Suds2Go’s popularity and sales have increased significantly as a result of appearing on Shark Tank. It is estimated that the company is now worth $1 million, which is a significant increase. Having launched their website a few months ago, Cindy and Gabe have been able to generate sales of $392,000 within just a short period.

Is Suds2Go successful?

There is no doubt that Suds2Go is a successful product. It has been reported that since the company appeared on Shark Tank, its valuation has increased considerably, with sales also reported to have increased. As a result of its innovative design and the growing demand for portable hygiene solutions, the product has gained traction on the market due to its innovative features.

How does Suds2Go work?

It is a product that combines the functions of a water bottle and a foaming soap dispenser into one product. In the lid of the water bottle, there is a soap dispenser that has been integrated into it. The dispenser works by simply filling it with foaming soap and pumping it to produce soap foam, which can then be used to wash your hands.

Is hand sanitiser as effective as hand washing?

Although hand sanitisers may be effective at killing bacteria and most viruses, it is generally considered safer to wash your hands with soap and water. Whenever soap and water are not available, hand sanitisers can serve as an excellent alternative, but they are not a complete replacement for hand washing. It is very important to wash your hands regularly to remove all types of germs and chemicals from them.

How do you make a hand washing station for camping?

With a few simple supplies, you can make a hand-washing station that can be used when camping:

  • Water should be placed in a container with a spigot so that it can be accessed easily;

  • Ideally, you should use liquid soap (as opposed to bar soap);

  • To catch the wastewater, you will need a bucket;

  • For drying your hands, you will need towels or paper towels;

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