Turbo Trusser Shark Tank Update

Turbo Trusser Shark Tank Pitch

Kirk Hyust and Brian Halasinski appeared on Shark Tank Season 14, Episode 2, which aired on September 30, 2022, with A kitchen gadget that makes trussing a chicken easier. It makes cooking twine obsolete. It's a stamped metal plate with openings for legs that attaches to two metal hooks to secure the wings..

Turbo Trusser is listed in the Accessories Gadgets category. In plain terms, the business is described as A kitchen gadget that makes trussing a chicken easier. It makes cooking twine obsolete. It's a stamped metal plate with openings for legs that attaches to two metal hooks to secure the wings..

Turbo Trusser asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Turbo Trusser made a listed deal with Kevin O'Leary for $100,000 for 33% with a $1 royalty in perpetuity.

If treated as straight equity, the listed deal works out to about $303,030.303 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Turbo Trusser After Shark Tank

Turbo Trusser accepted an on-air Shark Tank deal for $100,000 for 33% with a $1 royalty in perpetuity; later updates kept the business active but did not clearly confirm a closed deal. (Turbo Trusser Shark Tank Update

By 2022, Turbo Trusser had reached about $290,000 in lifetime sales. (Turbo Trusser Shark Tank Update

Those sales came at a cost: knockoffs flooded Amazon and before Turbo Trusser could shut Turbo Trusser down, Kirk estimated it cost Turbo Trusser $300,000 in sales. (Turbo Trusser Shark Tank Update

The company is also developing a trusser for cornish hens and a portable grill and Turbo Trusser recently introduced Turbo Trusser's own poultry rub. (Turbo Trusser Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches