Cup Board Pro Net Worth 2022

Designed by Keith Young, a firefighter in New York City, the Cup Board Pro is a bamboo cutting board with a detachable container to collect food scraps. In addition, the cutting board has grooves for easy cleanup. The device is sold online for $40. This product was featured on the television show Shark Tank: Greatest of All Time. In just 18 hours after the episode aired, the product sold for $1 million.

The company is still owned by the family. After Keith Young died, his children took over the business and pushed for a third-party investment to help grow the brand. The siblings tapped into the USP of the product, which is its waste management capabilities. They also partnered with a manufacturer to upgrade the product. This has helped the Cup Board Pro to be one of the best-selling items in Williams Sonoma’s kitchenware line. As of the latest numbers, the company’s net worth is $15 million. The siblings plan on generating $3 million in annual sales by 2021.

The product is sold on Amazon and in Williams Sonoma stores. During its time on the show, Cup Board Pro received 100,000 emails from buyers. The company also had 26,000 units on backorder. After the episode aired, sales increased to more than 20,000 units and more than $1 million in total. The siblings launched a GoFundMe page to raise $41,119, almost twice the amount they had originally requested.

When the Cup Board Pro appeared on Shark Tank, it had been on the market for just three weeks. The siblings had only sold 300 of the boards. Their vision for the product, which had been based on their father’s experiences in the kitchen, was to expand the business to a global audience. They needed money for marketing and advertising and to help scale the business. The Sharks offered them $100,000 for a 20% stake in the company. The sharks also promised to donate profits to the family’s charitable foundation. They would provide the siblings with tools and inventory. The young siblings used the Sharks’ support to help make their father’s invention a brand.

In October of 2019, the Cup Board Pro appeared on Shark Tank USA. It was pitched by three of the Young siblings, Kaley, Christian, and Keira. They told the story of how their dad invented the product. The siblings grew up watching their parents pursue their professional passions. When they were teenagers, they envisioned running a business like their dad. They began working on a prototype of the product, and when the product was ready, they pitched it on the show. The Sharks agreed to invest in the product, and the siblings were awarded $100,000 for a 20% stake in the Firehouse Chef company. They then donated the profits from the sale of the product to the FDNY Foundation.

After the appearance, sales of Cut Pro Board skyrocketed. During the show, the siblings sold over 300 units, and they raised over $100,000. The company now has a wait list of customers.