What happened to Little Burros after their appearance on Shark Tank Season 11? Despite not securing a deal on Shark Tank, Little Burros experienced a surge in sales following their appearance on the show. They successfully partnered with major retailers like Lowe’s and Walmart, significantly expanding their market reach and boosting their revenue. This success allowed them to continue innovating and expanding their product line.
Summary
- Little Burros, a company specializing in wheelbarrow attachments for tool organization, appeared on Shark Tank Season 11.
- They did not secure a deal with the Sharks but gained valuable exposure.
- Following their appearance, Little Burros saw a significant increase in sales.
- They partnered with major retailers like Lowe’s and Walmart, further increasing their reach.
- The company continues to grow and innovate, demonstrating the power of publicity even without a Shark Tank deal.
Little Burros Shark Tank Update | Shark Tank Season 11
What is Little Burros?
Little Burros makes handy attachments for wheelbarrows. These attachments, called “Burro Buddy” and “Little Burro”, help you keep your tools organized while you work in the garden or on a landscaping project.
They have compartments for different tools, a cup holder, and even a safe spot for your phone.
The Story Behind Little Burros
Bob Thorsen, a lifelong inventor and entrepreneur, came up with the idea for Little Burros after getting frustrated with his own messy wheelbarrow.
He wanted a way to keep his tools organized and within reach while he worked. He teamed up with his daughter, Mollie, to bring his idea to life. Together, they designed and manufactured the first Burro Buddy in their garage.
Little Burros on Shark Tank Season 11
In May 2020, Bob and Mollie appeared on Season 11 of Shark Tank to pitch their product to the investors (the “Sharks”).
They were hoping to secure an investment to help them grow their business and reach more customers.
The Shark Tank Pitch
1. The Pitch
| Entrepreneurs | Bob and Mollie Thorsen |
|---|---|
| Business | Little Burros |
| Ask | $250,000 for 10% equity |
| Deal | No deal |
| Sharks | Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Greiner, Daymond John |
| Season | Season 11 |
| Original Air Date | May 1, 2020 |
| Website | Little Burros |
| Key Points of Pitch |
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| Why Sharks Declined |
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2. The Original Ask
Bob and Mollie asked the Sharks for $250,000 in exchange for a 10% stake in their company. This meant they valued Little Burros at $2.5 million.
3. The Sharks’ Offers
Two Sharks, Lori Greiner and Kevin O’Leary, were impressed with the product and made offers. Both offers involved royalties on future sales, rather than equity in the company.
4. Why No Deal Was Made
Ultimately, Bob and Mollie decided to decline the offers. They felt that giving up royalties would limit their future profits and potentially hinder their ability to grow the business independently. They were also confident in their ability to succeed without a Shark’s investment.
Little Burros After Shark Tank
1. The “Shark Tank Effect” Boost in Sales
Even though they didn’t make a deal on Shark Tank, appearing on the show gave Little Burros a lot of attention.
Many people saw their product for the first time and were interested in buying it. This led to a big jump in sales, which helped the company grow. This is often called the “Shark Tank Effect”.
2. Partnerships with Lowe’s and Walmart
After their Shark Tank appearance, Little Burros caught the eye of some major retailers. They partnered with Lowe’s and Walmart, two of the biggest stores in the US.
This meant that Little Burros products were now available in hundreds of stores across the country. This helped them reach many more customers and boosted their sales even further.
3. Product Line Expansion
With increased sales and new partnerships, Little Burros had the resources to expand their product line.
They introduced new versions of their wheelbarrow attachments, like the “Burro Buddy Jr.” which is smaller and lighter.
They also started selling other gardening tools and accessories. This gave customers more choices and helped Little Burros become a one-stop shop for gardening needs.
The Little Burros Success Story
1. Revenue and Net Worth
While exact figures are not publicly available, it’s clear that Little Burros has achieved significant success.
Their appearance on Shark Tank, combined with their strong retail partnerships, has likely driven substantial revenue growth.
The company’s net worth has undoubtedly increased as well, reflecting its strong market position and potential for future growth.
2. Continued Innovation
Little Burros hasn’t stopped innovating. They continue to develop new products and improve their existing ones based on customer feedback.
This commitment to innovation is crucial for staying competitive and meeting the evolving needs of gardeners and landscapers.
They recently introduced a new line of tool organizers designed specifically for women, with features like lighter weight and more comfortable grips.
3. Future Plans
Little Burros is focused on expanding its product line and reaching new customers. They are exploring opportunities to partner with more retailers and expand their online presence.
They are also committed to sustainability, using recycled materials in their products and packaging whenever possible.
With a strong foundation and a dedication to innovation, Little Burros is well-positioned for continued success in the years to come.
FAQs
Where can I buy Little Burros products?
Little Burros products are available on their website, littleburros.com, and at major retailers like Lowe’s and Walmart.
What products does Little Burros offer?
They offer a variety of wheelbarrow attachments for tool organization, including the original Burro Buddy and the smaller Burro Buddy Jr. They also sell other gardening tools and accessories.
What is the price range of Little Burros products?
Prices vary depending on the product. The Burro Buddy typically retails for around $30-40, while other accessories and tools range in price.
Are Little Burros products made in the USA?
Yes, Little Burros products are proudly made in the USA.
The Bottom Line
Little Burros is a great example of how a small business can find success, even without securing a deal on Shark Tank. By creating a useful product, building strong relationships with retailers, and focusing on innovation, they have achieved impressive growth. Their story is an inspiration to entrepreneurs everywhere, showing that with hard work and determination, it’s possible to achieve your dreams.
