Spretz Shark Tank Update | Spretz Net Worth

Spretz is a multi-functional, all-in-one breath and hand freshener featured on Season 7 of Shark Tank. The product was developed as a compact solution for quick freshening up, especially on the go.

Spretz combines the two most used personal hygiene items, breath freshener, and hand sanitizer, into a compact and convenient package. The dual action of Spretz is one of its key features.

It keeps breath fresh and sanitizes hands simultaneously, thus covering two fundamental personal hygiene needs with a single spray.

Its compact size is another defining feature, making it easy to carry in a purse, pocket, or car for an instant refreshing boost whenever and wherever required.

Spretz comes in various scents, including mint, cinnamon, and others, offering consumers a choice in their preferred fragrance. 

Spretz is a good choice for several reasons. Its dual functionality of breath freshening and hand sanitizing is innovative and incredibly convenient, helping to reduce the number of items one needs to carry.

The product is made with safe, high-quality ingredients, ensuring it effectively freshens breath and sanitizes hands without causing harm or discomfort. Its wide range of scents caters to diverse personal preferences, allowing users to choose a fragrance they enjoy.

Spretz’s compact size makes it perfect for use while on-the-go, a great advantage in our increasingly mobile and fast-paced world. Spretz’s ingenious design and practical features make it a standout product in the personal hygiene market.

What Is Spretz?

Spretz is a product that combines breath freshener and hand sanitizer into one. It is sugar-free, has 0 calories, and contains all-natural ingredients.

Spretz is made in the USA and comes in flavors such as Cinnamon and Peppermint. It can be used to freshen your breath and clean your hands.

Spretz is a unique product that aims to provide a convenient solution for freshening your breath and sanitizing your hands. It is designed to combine breath freshener and hand sanitizer, making it a versatile option for on-the-go use.

Here are some more details about Spretz:

1. Ingredients: Spretz is made with all-natural ingredients, including purified water, natural sweetener Stevia (no aspartame), and a flavored extract that contains a proprietary formula with trace amounts of alcohol.
2. Flavors: Spretz comes in different flavors, such as Cinnamon and Peppermint. When sprayed into your mouth, the flavors are designed to provide a refreshing and pleasant taste.
3. Breath Freshener: Spretz delivers a refreshing flavor when used as a breath freshener. The Peppermint flavor offers a minty sensation, while the Cinnamon flavor provides a strong cinnamon taste reminiscent of popular cinnamon-flavored gums.
4. Hand Sanitizer: Spretz can also be used as a hand sanitizer. It works similarly to traditional hand sanitizers in cleaning and disinfecting your hands by spraying and rubbing it in. However, it has a distinctive aroma due to the flavors, which may differ from regular hand sanitizers.
5. Convenience: Spretz offers convenience by combining breath freshener and hand sanitizer into one product. This means you can easily keep it in your car’s glove box or carry it wherever you go, allowing you to freshen your breath or clean your hands anytime.

Spretz aims to provide a practical solution for maintaining fresh breath and clean hands on the go.

Who Is The Founder Of Spretz?

Spretz was co-founded by Tony Gauthier, Scott Hoag, and Wesley Osaze. These three entrepreneurs came together with a shared vision of creating a product that could revolutionize personal hygiene by combining breath freshening and hand sanitizing in a single, compact product.

Tony Gauthier, with a strong background in finance, took on managing the business side of things. Scott Hoag, with a track record in sales and marketing, handled the marketing strategy for Spretz, ensuring the product reached its target market effectively.

Wesley Osaze, with experience in product development and design, was instrumental in the design and production process, ensuring that Spretz was aesthetically pleasing and functional.

The trio conceived the idea of Spretz after realizing the need for a product that could conveniently serve two essential personal hygiene needs.

They observed how people often found it cumbersome to carry separate products for freshening breath and sanitizing hands, especially on the go. This led them to develop Spretz, a product that served both these purposes and was convenient to carry around.

Before appearing on Shark Tank, the team worked diligently to develop and market the product. Despite facing challenges regarding large-scale distribution and visibility, they managed to create a positive response among users.

They went on Shark Tank seeking an investment and strategic partnership to help catapult their innovative product to new heights. Their combined expertise and shared vision set the foundation for Spretz and their venture into the Shark Tank.

How Was The Shark Tank Pitch Of Spretz?

The Spretz team, consisting of Tony Gauthier, Scott Hoag, and Wesley Osaze, entered the Shark Tank in a rather unusual fashion. Their pitch was woven around a carefully rehearsed hip-hop-styled presentation revolving around Tony’s inspiration for Spretz, leading up to the exclamation, ‘Welcome to the future of Fresh!’

This distinct approach garnered a positive reaction from the Sharks, including Mark Cuban, who noted the meticulous practice that must have gone into perfecting the pitch.

The founder of Spetz was seeking a $100,000 investment for a 20% stake in their company, valuing the company at $500,000. The product, with flavors like Peppermint and ‘Cinnamint,’ was handed out for the Sharks to try.

The Sharks found the product pleasant; however, Kevin O’Leary questioned the clarity of the packaging, asking how consumers would identify the product as a dual-purpose solution for breath and hand freshness.

Wesley Osaze reassured the panel that future packaging would communicate Spretz’s dual functionality.

The company sold approximately 1,000 units as a proof of concept and market test rather than a full launch, making about $3,500 in total sales over two months without spending on marketing or promotion. This and the relatively low retail price of $3.95 per unit raised some concerns among the Sharks.

Despite appreciating the founders’ passion and commitment, the Sharks were skeptical about the market need and potential success of Spretz.

They pointed out that consumers typically wash their hands or use traditional sanitizers when needed and that effectively introducing and marketing such a novel product would require substantial financial investment, possibly upwards of a million dollars.

Lori Greiner conducted a test by spreading garlic on Tony’s hands and then using Spretz to see if it could mask the smell. Though it worked, Lori agreed with her fellow Sharks that the product might not fill a significant need in the market.

Unfortunately, Spretz did not secure a deal with any of the Sharks. Each Shark acknowledged the team’s passion and commitment but ultimately could not see a promising future for the product.

However, they encouraged the team to work on new ideas and solutions. Despite not receiving an investment, the Spretz team left the Shark Tank with valuable insights and inspiration for their future journey.

Did Spretz Get a Deal on shark tank?

Spretz did not get a deal on Shark Tank Season 7. The entrepreneurs, Tony Gauthier, Scott Hoag, and Wesley Osaze, presented their dual hand-and-breath freshener spray to the sharks with an energetic pitch.

The sharks liked the product and its strong flavors, but there were concerns about sales and the early stage of production. Lori Greiner showed interest but wanted further testing, while Kevin O’Leary was not impressed with the sales numbers.

Mark Cuban pointed out a disconnect between breath and hands, leading him to opt out. Robert Herjavec and Kevin also decided not to invest.

Barbara Corcoran and Lori ultimately declined as well, with Barbara believing that the entrepreneurs were wasting time and energy on the product. As a result, Spretz left the tank without a deal.

What Happened To Spretz After Shark Tank?

After their Shark Tank appearance, Spretz continued with their business but faced several challenges and a seeming lack of substantial growth. The product is available on their company website, selling a three-pack for $9.99.

However, reviews on platforms like Amazon criticized the price, with a single spray listed at $7.98 plus $1.99 for shipping. Spretz’s online presence, particularly its website, lacked active engagement and a robust marketing strategy.

It presented a rather sparse and stark aesthetic, suggesting a stagnating or slowly declining business. There were periods when the website was taken down for months, and all products were listed as ‘sold out’ when the website was live.

Despite the seemingly lackluster momentum, Tony shared plans for expansion, including introducing Citrus and Vanilla Lavender flavors and a possible foray into natural home air fresheners.

There was also talk of a potential wholesale deal that could widen Spretz’s retail presence, but no concrete news about such a deal was mentioned. However, Spretz’s main issue was the lack of a strong demand for their product.

The company’s website disclaimed that Spretz was not a substitute for good hygiene, washing hands, or brushing teeth, indicating its complementary nature rather than a necessity.

While the founders presented a strong pitch and displayed considerable passion, their product might not have catered to a significant need in the market, hence the struggles to propel their business after the Shark Tank exposure.

Spretz Shark Tank Update

After appearing on Shark Tank, Spretz did not secure a deal with any of the sharks. The entrepreneurs, Tony Gauthier, Scott Hoag, and Wesley Osaze, pitched their dual hand-and-breath freshener spray to the sharks, highlighting its ability to eliminate odors on both hands and breath. The sharks liked the product and its strong flavors of cinnamon and mint.

However, concerns were raised during the pitch. Kevin O’Leary questioned the sales numbers, as Spretz had only generated $3,500 in sales while filming.

Lori Greiner inquired if it could also be used as a hand sanitizer, but Tony clarified that it was solely a freshener spray. Further testing was requested by Lori, who asked Tony to rub garlic on his hands and then use the spray.

Ultimately, Mark Cuban felt disconnected from the breath and hand freshening concept and decided not to invest. Robert Herjavec and Kevin O’Leary also opted out.

Barbara Corcoran and Lori Greiner were the remaining sharks, but both decided not to invest in Spretz. As a result, Spretz left the tank without a deal.

Spretz could not cope with the market trend and eventually went out of business in 2021.

Is Spretz Still In Business?

Our research shows that Spretz is no longer in business. The website for Spretz has experienced periods of being down and “sold out” products. In March 2023, the website was reported as expired.

The company did not take full advantage of the exposure gained from appearing on Shark Tank, and there is no mention of significant progress in distribution or availability in convenience stores or gas stations.

What Is the Net Worth Of Spretz?

According to our research, the net worth of Spretz is $0 since the company went out of business in 2021. The valuation of Spretz was $500,000 when it appeared on Shark Tank.

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