GarmaGuard Net Worth
As of 2024, GarmaGuard net worth is around $80,000 founded by Bianca and Peter Badaway. The company focuses on creating non-toxic cleaning products that eliminate viruses and germs. Although they didn’t secure a deal on Shark Tank, GarmaGuard has continued to expand. With a 15% annual growth rate, their projected revenue is approximately $575,000.
Biography
| Attribute | Details |
| Company Name | GarmaGuard |
| Founders | Bianca Badawy and Peter Badawy |
| Founded | 2020 |
| Industry | Health and Hygiene Products |
| Core Product | Non-toxic antibacterial spray designed for clothing |
| Inspiration | Developed to prevent the transfer of germs from work clothes to home environments |
| Investment Sought | $100,000 |
| Equity Offered | 10% |
| Valuation at Pitch | $1 million |
| Sales Figures | Approximately $476,000 in sales over the first 18 months |
| Manufacturing Cost | $1.85 per unit |
| Retail Price Point | $12.99 |
| Projected Revenue (2024) | Estimated at $575,000 with an anticipated annual growth rate of 15% |
| Shark Tank Appearance | Season 12, Episode 1 |
| Sharks Present | Lori Greiner, Mark Cuban, Kevin O’Leary, Daymond John, Blake Mycoskie |
| Outcome on Shark Tank | Did not secure an investment |
| Target Market | Primarily aimed at first responders and essential workers |
Introduction to Garmaguard
GarmaGuard is a natural disinfectant for clothing. GarmaGuard creates a non-toxic antibacterial spray specifically designed for clothing. The company focuses on making a product that kills germs. It offers an effective way to keep clothes clean without harmful chemicals. Its design became especially relevant during the COVID-19 pandemic. The product helps users maintain cleanliness and safety in their everyday routine. By 2024, GarmaGuard reached a net worth of $800,000. They generate $500,000 in annual revenue, showing their growth and success.
Founders of Garmaguard
Bianca and Peter Badawy, from Milltown co-founded GarmaGuard. Their careers in healthcare and law enforcement sparked the idea. They aimed to create a product that would serve individuals working in a high-contact environment. Bianca’s work in the medical field raised her awareness of germ transfer from work clothes to home. This concern led her to seek a solution. She aimed to disinfect clothing without harsh chemicals.
Peter shared the same concerns about his uniforms after long shifts. Both realized a gap in the market for a quick, safe fabric cleanser. They wanted to create a safe, non-toxic cleaner that could quickly remove odors and bacteria from clothes.
Functions of GarmaGuard
Active Ingredient:
The main ingredient in GarmaGuard is citric acid, which is a natural compound. It has antibacterial properties, making the product safe for regular use.
Convenience:
The product comes in an aerosol can that offers over 200 applications. This makes it a convenient solution for maintaining hygiene on the go.
Versatility:
GarmaGuard works on many surfaces, including uniforms, shoes, towels, bedding, and upholstery. This versatility makes it useful for personal and professional settings.
Eco-Friendly:
GarmaGuard is free from bleach and harsh chemicals. This design appeals to consumers who care about sustainability.
Challenges Faced
Funding and Investment:
GarmaGuard asked for $100,000 for 10% of their company on Shark Tank. They did not get a deal. This left them to use their own resources to grow. They focused on finding ways to expand without outside help.
Product Testing:
During their Shark Tank pitch, the founders could not make specific claims about their product’s effectiveness against COVID-19. They needed EPA registration to do so. This limitation made it harder for them to market their product at first.
Market Competition:
The cleaning product market is very crowded. Big brands hold most of the power and resources. GarmaGuard must find ways to stand out. They need to emphasize their unique qualities to attract customers.
Social Media
GarmaGuard has an active presence on Instagram, where it engages with its audience and promotes its natural, non-toxic antibacterial spray. As of now, the account has nearly 20,000 followers.
GarmaGuard’s Facebook page highlights their non-toxic antibacterial spray designed to eliminate bacteria from fabrics. The page shares product details and promotions.
Conclusion
GarmaGuard’s net worth reflects its status as a natural, non-toxic antibacterial spray. It is designed to remove odor-causing bacteria from clothing and fabrics. Created by a nurse and a police officer, the product focuses on hygiene for people in high-contact jobs.
It aims to provide a safe and effective cleaning solution.The company focuses on innovation and listens to customer feedback. By expanding its product line, it is likely to strengthen its presence in the market.
Frequently Asked Questions
How much does GarmaGuard make?
The company made sales between $500,000 and $800,000, with a profit of $100,000, showing a 20% profit margin.
What is GarmaGuard?
GarmaGuard is a non-toxic antibacterial spray. It targets odor-causing bacteria on fabrics, shoes, and clothing.
How do you use GarmaGuard?
To use GarmaGuard, simply spray it onto the desired fabric or surface. You can apply it to clothing, shoes, bedding, car interiors, and more.
Did GarmaGuard secure a deal on Shark Tank?
GarmaGuard did not secure a deal on Shark Tank. Despite this, the brand has continued to grow and expand since their appearance.
How much does GarmaGuard cost?
Each 6 oz. bottle of GarmaGuard costs around $12.99.
Can GarmaGuard be used on pet items?
Yes, GarmaGuard works well on pet bedding and accessories. It effectively removes odors and bacteria while being safe for pets.