Brumachen net worth 2023: Brumachen is a company that sells biodegradable coffee pods and single-serve coffee makers that can be taken with you. Ross Smith and Kweku Larbi started the business.
On Season 12 Episode 11 of the Shark Tank show, the two investors were shown. They told the investors about their business idea in the hopes of getting a deal for $1,000,000 in exchange for 10% of the company.
Unfortunately, the sharks didn’t think they were good enough, so they didn’t offer them a deal. But what happened to the Brumachen company after they were on Shark Tank?
Table of Contents
Brumachen net worth 2023
|Brumachen Shark Tank Episode||Season 12 Episode 11|
|Business Type||Single Serve Portable Coffee Brewer And Biodegradable Coffee Pods|
|Owners||Kweku Larbi And Ross Smith|
|Asked For On Shark Tank||$1,000,000 For 10%|
|Offer Accepted On Shark Tank||No Deal|
|Net Worth||$400 K|
How does Brumachen work?
The Brumachen is a portable coffee brewer that Brumachen offers. Using a K-cup or refillable pod, this coffee maker can produce a hot cup of brew with an ideal temperature of 190 degrees Fahrenheit in just five minutes. This coffee maker is versatile, since it can be plugged into either a standard household outlet or a 12-volt outlet found in a car.
The convenience of being able to brew coffee wherever you go is a major selling factor for this device. Compared to buying a cup of coffee, this is not only more convenient, but also significantly cheaper.
Brumachen’s Owner & Co-Owner
The idea and design for Brumachen came from Kweku Larbi. He made the first model with a 3D printer that could make coffee and tea anywhere. He went to Cleveland State University and got a degree in Civil Engineering.
The idea for Brümachen came from the fact that there were no coffee shops near where Larbi worked. His home country is Ghana. Mashed says that he and his business partner, Ross Smith, first worked together on social media.
Co-owner of Brumachen and TikTok sensation with over 21.8 million followers is Ross Smith. To his YouTube channel, he often posts clips of himself and his grandma dressed up in ridiculous costumes.
Smith joined the business because he was so convinced of the merits of Kweku’s offering. They share a passion for coffee, so they hacked together a Brumachen to make their own portable brews.
Brumachen: Shark Tank Appearance
Even though their Kickstarter campaign did very well, the founders had trouble making and shipping the products. So, in 2021, they asked the Sharks for help. In season 12 of the show, they asked for $1 million in exchange for 10% of their business.
Ross and Kweku gave a confident pitch in which they explained why they wanted to make the product. They went on to say that Brumachen had a 60% profit margin. But things went bad when they told everyone how little money they made from sales.
A business that only made $41,000 in sales was worth $10 million, which was way too much. The Sharks liked the product, but Mark and Robert thought the design could be better. If Kweku had been by himself and had a good price, the pitch would have gone better.
What happened with Brumachen after shark tank appearance?
Although the entrepreneurs did not receive the funding they sought on Shark Tank, they were able to keep their company afloat because to the widespread publicity they received. Despite this, the company is still open for business.
You can only buy a Brumachen brewer and pods directly from Brumachen.com. However, many potential customers are wary because of the abundance of bad feedback posted on their Kickstarter page. There have been reports of broken goods and orders that never arrived from certain consumers.
If you read the information above, it will help you understand the “Brumachen net worth 2023” much better. Please share your thoughts and questions with us in the comment box provided. Don’t be shy about asking for assistance if you feel you need it.