BagBowl Shark Tank Update | BagBowl Net Worth
BagBowl, a product presented in Season 4 of Shark Tank, was designed to turn ordinary zipper-lock plastic bags into instant, portable, and disposable bowls.
BagBowl is a collapsible, reusable plastic structure that acts as a holder or frame for a plastic bag, providing it with the structure and support to act as a makeshift bowl.
This simple yet ingenious product, created by Kevin Fleming and his brother Brian, was designed to make serving snacks and meals or storing leftovers more convenient and less messy.
BagBowl is made of BPA-free plastic that can be easily collapsed for easy storage and, when needed, can be expanded to fit various plastic bag sizes, from snack-size to gallon-size bags.
The BagBowl has several practical and versatile uses. It can serve snacks at parties, carry picnic items, or store leftovers conveniently. It makes reaching into a bag of chips for potluck meals or picnics easier, reducing spill chances.
BagBowl converts a plastic bag into a makeshift Tupperware container, reducing the need for multiple containers and making cleanup easier. The plastic bags can be easily replaced, which ensures a clean serving vessel each time.
The BagBowl can also be useful when traditional bowls, such as camping or traveling, aren’t available or practical. It’s a good choice for those looking for a convenient, versatile, and portable solution to serving food and storing leftovers.
BagBowl provides a unique solution to the problems of carrying bulky containers, washing dishes, or dealing with spills from poorly supported plastic bags.
Despite its simplicity, it offers a unique blend of convenience and practicality, making it an innovative product that addresses common problems in everyday life.
| Company Name | BagBowl |
| Entrepreneur | Kevin Fleming and Brian Fleming |
| Product | Zipper bags for storage |
| Investment Asking For | $40,000 For 33% equity in BagBowl |
| Final Deal | $40,000 For 33% equity in BagBowl |
| Shark | Lori Greiner |
| BagBowl Episode | Season 4 Episode 4 |
| BagBowl Business Status | Out Of Business |
| BagBowl Website | Visit Website |
| BagBowl Net Worth | $0 |
What Is BagBowl?
BagBowl is a product that combines a bag’s convenience with a bowl’s functionality. It is designed to make it easy to eat snacks like chips or popcorn while on the go.
The BagBowl has a plastic frame that holds the bag open, allowing you to snack directly from the bag without making a mess. It is a popular choice for picnics, parties, and sporting events.
The BagBowl is a portable snacking solution that allows you to enjoy your favorite snacks without needing a separate bowl. Here are more details about the BagBowl:
- Design: The BagBowl consists of a plastic frame with a wide opening that holds the bag of snacks in place. The frame is designed to keep the bag open and upright, providing a stable and convenient snacking experience.
- Convenience: With the BagBowl, transferring your snacks into a separate bowl is unnecessary. Simply place the bag of chips, popcorn, or other snacks into the frame, and you’re ready to snack on the go. It eliminates the hassle of carrying a bulky bowl or worrying about spills.
- Portability: The compact and lightweight design of the BagBowl makes it easy to carry and transport. It is perfect for outdoor activities like picnics, camping, beach trips, or tailgating parties. You can enjoy your snacks anywhere without the need for additional serving utensils.
Easy to Clean: The BagBowl is a durable and easy-to-clean plastic material. After use, simply remove the bag from the frame and wash the plastic frame with soap and water. It is dishwasher safe, making cleanup a breeze. - Versatility: The BagBowl can accommodate various sizes of snack bags, from small single-serving bags to larger family-sized bags. It is compatible with different types of snacks, such as chips, pretzels, nuts, candy, and more.
- Reusable and Eco-friendly: Using the BagBowl can reduce the use of disposable bowls or plates, contributing to a more sustainable environment. The reusable nature of the BagBowl makes it an eco-friendly snacking option.
The BagBowl offers a convenient, mess-free, and portable way to enjoy your favorite snacks wherever you go. It combines practicality with simplicity, making it a popular choice for snack lovers on the move.
Who Is The Founder Of BagBowl?
BagBowl was founded by brothers Kevin and Brian Fleming. Before their adventure on Shark Tank, Kevin had been working as a real estate broker, while Brian was a freelance product designer.
Their diverse professional backgrounds played a significant role in the development and marketing of BagBowl. The idea for BagBowl was conceived during a family barbeque.
As the story goes, the Flemings hosted a barbeque and realized they had forgotten to bring bowls for the snacks. Instead of running back inside, Kevin suggested using the zip-lock bags the snacks were stored in as impromptu bowls.
They quickly realized that the bags collapsed under the snacks’ weight, which sparked the initial concept of BagBowl. From that point forward, the brothers devoted their time and resources to developing a product that could solve this problem.
With his product design experience, Brian focused on creating a functional design for the product. They aimed for a simple, collapsible design for easy storage and compatibility with various bag sizes.
On the other hand, Kevin used his business acumen to handle the business side of the venture, including manufacturing and marketing strategies.
Before appearing on Shark Tank, the Flemings managed to get BagBowl into production and started making sales, but the business struggled to gain traction.
They hoped that an appearance on Shark Tank would provide the exposure and potential investment needed to take BagBowl to the next level.
How Was The Shark Tank Pitch Of BagBowl?
When Kevin and Brian Fleming took to the Shark Tank stage in Season 4, they enthusiastically and confidently presented the BagBowl. They demonstrated the product, showing how it could turn a zipper-lock bag into a serving bowl.
The brothers asked for an investment of $40,000 in exchange for 33% equity in their company, a relatively modest ask compared to many other pitches on the show. This put the valuation of BagBowl at $120,000.
Initially intrigued by the product’s simplicity and usefulness, the Sharks asked various questions about sales, marketing strategy, and manufacturing costs.
Kevin and Brian revealed that they had sold around 2,000 units in the five months leading up to their appearance on Shark Tank, mostly through their website and at trade shows.
They also discussed their ambition to license the product to a larger company or to get it into major retailers.
However, the Sharks expressed some concerns about the product. One concern was whether consumers would see enough value in BagBowl to purchase it, given that it supported plastic bags.
Some Sharks also doubt whether the product could achieve widespread adoption, as it required a change in consumer behavior.
Despite these concerns, investor Lori Greiner saw potential in BagBowl. She liked the product’s simplicity and ability to solve a common problem. She also believed she could use her connections to get BagBowl into retail stores.
Therefore, Lori offered the Flemings $40,000 for a 33% stake in the company, exactly what they had requested. After some deliberation, Kevin and Brian accepted her offer, marking a successful end to their Shark Tank pitch.
Although a deal may be agreed to in the Shark Tank, it may not always go through afterward. The agreement is contingent upon further due diligence and negotiation; the deal sometimes falls through for various reasons.
Did BagBowl Get a Deal on Shark Tank?
Yes, BagBowl did get a deal on Shark Tank. During their appearance on Shark Tank, Kevin, and Brian Fleming pitched BagBowl to the panel of Sharks. They asked for a $40,000 investment in exchange for a 33% equity stake in their company.
After discussing the product and its potential, Lori Greiner made an offer to invest the requested amount.
The deal was accepted, and Lori became a partner in BagBowl. This means that Lori Greiner provided the funding and expertise to help the company grow and succeed.
What Happened To BagBowl After Shark Tank?
After appearing on Shark Tank, BagBowl initially faced manufacturing issues, which led to the unavailability of the product for over two months.
Despite this setback, they eventually resolved the issues and fulfilled their promise by appearing on QVC. In 2013, they also introduced themed BagBowls that were available on Amazon.
However, the business did not thrive as expected. On Amazon, the BagBowl received mixed customer reviews, with some praising its convenience while others found it flimsy and difficult to use. By the time they shut down in 2018, the product only had a 3-star rating out of global reviews.
Due to the lack of success and negative feedback, the business eventually closed down in early 2018. Their website went offline, products were pulled from Amazon, and their social media accounts were abandoned.
The brothers did attempt to introduce a new product called the Daddy Spill Stopper Training Cup, designed to prevent spills. However, this product also received poor reviews and was eventually pulled from Amazon.
Brian is still working as a real estate salesperson with the BF Real Estate Group and is a partner with Secure Transport.
On the other hand, Kevin worked as a Cloud Infrastructure Strategist at Foghorn Consulting until 2021 and is now the Senior Director of Communications at Evoque Data Centre Solutions.
We will unlikely see the brothers back on Shark Tank as their company no longer exists. They have moved on to other ventures, and several years have passed since their appearance on the show.
BagBowl Shark Tank Update
After appearing on Shark Tank, BagBowl, a product that turns any plastic bag into a bowl, faced some challenges in growing its business.
Despite gaining exposure from the show, BagBowl’s deal with Lori Greiner was not finalized. As a result, the company had to navigate the market independently.
Following its appearance on Shark Tank, BagBowl continued to sell its product online and through various retail channels. However, it faced stiff competition from similar products and struggled to gain significant market share.
The company also faced manufacturing and distribution challenges, which affected its ability to scale up production and reach a wider customer base.
Despite its efforts, BagBowl ultimately faced difficulties in sustaining its business. It gradually faded from the market, and limited information is available regarding its current status or net worth.
It serves as a reminder that not all products featured on Shark Tank achieve long-term success, as the show’s exposure does not guarantee sustained growth or profitability.
Is BagBowl Still In Business?
Our research shows that BagBowl is no longer in business. The BagBowl update states that after the deal on Shark Tank, BagBowl faced production difficulties and was out of stock for two months. Once it was back in stock, sales were tepid.
The company released an additional product called the Daddio Spill Stopper Training Cup to boost its business. However, despite their efforts, the company ultimately went out of business in 2018.
Since then, one of the founders, Brian Fleming, has pursued a career in real estate, while the other founder, Kevin Fleming, works in cloud computing.
What Is the Net Worth of BagBowl?
According to our research, the net worth of BagBowl is $0 since the company went out of business in 2018. The valuation of BagBowl was $120,000 after securing an investment from Lori Greiner on Shark Tank.
Also, read about other businesses that appeared on Season 4 of Shark Tank:
