Grease Monkey Wipes have managed to accumulate huge net worth in 2021. Where are they now?
Grease Monkey Wipes are wipes that can be used for heavy-duty cleaning. They took the concept from regular cleaning wipes and altered it to be more solid and effective. You can use these wipes when there is no access to soap and water.
Likewise, they are used to clean lubricant, grease, oil, and dirt from the skin and other surfaces. Just like normal wet wipes, Grease Monkey Wipes are also disposable.
In addition, Green Monkey wipes do not consist of harsh chemicals but instead are filled with citrus oil.
Grease Monkey Wipes Net Worth: 2021?
The owners of the Grease Monkey wipes have not been public about their net worth. However, when they had just started their business and appeared in Shark Tank, they had sold seven thousand six hundred wipes and had revenue of seven thousand four hundred dollars.
Unfortunately, their sales, revenue, and Net Worth in 2021 have not been made public.
Grease Monkey Wipes Shark Tank Deal
Founders of Grease Monkey Wipes, Tim Stansbury, and Erin Whalen appeared on the 12th season of Shark Tank.
The recreational cyclists decided on the idea of Grease Monkey Wipes because getting rid of grease without soap and water was hard, and they wanted to help people on the go.
Tim and Ellen asked for an investment of $40,000 for 40% of the stakes in the company. However, not all Sharks were interested in the deal as the profit margin was very low and they had not patented the product.
Later, Robert Herjavec and Barbara Cocoran agreed for the same deal of $40,000 for 40% stakes in the company.
Where Are Grease Monkey Wipes Now?
After the Shark Tank deal, Grease Monkey Wipes’ business started booming.
Tim Stansbury and Erin Whalen paid off the Sharks for their investment. Tim also bought the company from Erin.
In 2014, Beaumont products acquired the company at an undisclosed financial amount, and they have been currently operating through Beaumont.