Potty Safe is an innovative approach for parents with toddlers. Managing children and looking after every move is a hard task. That’s where this spill-proof potty training chair, Potty Safe jumps in.
Colt and Stacy Hall appeared in Shark Tank Season 11, Episode 23 in the year 2020 with their potty train chair named Potty Safe. The products were specifically targeted to help parents with little babies to manage their bathroom habits.
The pitch was impressive but there were concerns raised about the scalability of the product. To find out what happened to Potty Safe after Shark Tank, their net worth, and every other Potty Safe Shark Tank Update, stick to this post till the end.
What Is Potty Safe?
Colt and Stacy Hall founded Potty Safe after facing the issues with toilet training of their own kids leading to mess and frustration. To make the potty training easy and avoid the mess created at the time of cleaning, Colt, and Stacy came up with Potty Safe.
It’s a potty chair with a unique and spill-proof locking mechanism that prevents the waste bowl from getting out even when children try to drag it out, ensuring that there are no spills.
Colt was a welder by profession, and Stacy was an accountant. They both had no experience in product development and hence faced many challenges initially while launching their product.
On 21st August 2018, they finally patented Potty Safe and started their business both online and selling via local stores. The response was positive and the products gained recognition, especially on Amazon.
Potty Safe Shark Tank Update – Did They Got The Deal?
As mentioned earlier, Colt and Stacy Hall appeared with their product line named Potty Safe in Shark Tank USA Season 11, Episode 23 in 2020. When asked about their making and selling costs, the couple revealed that each product production cost $6.50 which they sold for $28.95.
In 2019, Potty Safe did a total sales of $17,000, with a deal pending from Walmart. These figures were not good enough to impress the Sharks.
Potty Safe founders asked $50,000 for 15% equity in their company to which all the Sharks were not so sure whether or not to invest in their business.
When all the Sharks backed out of the deal, Lori Greiner made an offer of $50,000 for 20% equity in the company, to which the couple agreed happily and secured their deal at Shark Tank.
What Happened To Potty Safe After Shark Tank?
Soon after securing a deal from Shark Tank, Potty Safe saw a significant boost in its sales. Soon after the brand was all over the major retail stores like Bath and Beyond, Walmart, Bed, buybuy Baby, and more.
The major thing that worked for Potty Safe is the 100% made-in-USA quality and the affordable price retailing at $28.95. Parents were quite convinced with this reliable potty training solution for their kids.
As per the reports, Potty Safe had achieved over $5 million in sales as of May 2023, which is the highest till they started. Looking at the consistency with which the business is growing, it can be assumed that the current net worth of Potty Safe could be between $5- $7 million.
