The Bear Bowl, a foldable cook pot, has become the best-selling product of a creative camping cookware business. The product is made of food grade coated fiberglass and it has a flame-resistant PTFE coating. It is light, compact, and easy to carry.
Bear Bowl Net Worth
Heidi and Cory Santiago, the owners of Bear Minimum, had been looking for a financial investment to help them expand their company. They appeared on the television show Shark Tank and pitched their cookware, requesting a $100,000 investment for twenty percent of the business. Despite their request, they were rejected. However, they continue to sell their products on Amazon. In fact, the couple’s net worth is estimated to be over $800,000 USD.
Since appearing on Shark Tank, Bear Minimum has received an increase in its sales and is now averaging around $100,000 a year in net revenue. Although the couple has not closed a deal with Jamie Siminoff, they have established a relationship with an investor, Daymond John. He wants to invest in Bear Minimum because he believes that the firm will benefit from the “Prepper” community and he also wanted to work with the industry. Currently, the couple is working on a variety of projects in order to launch their brand, and they plan to manufacture the cook pot in the U.S.
Before appearing on Shark Tank, the couple had raised $48,000 through a Kickstarter campaign. As a result, they are able to sell their products in thirty countries. This is a testament to the unique design of the cook pot. A number of consumers have reviewed the product on the company’s website and YouTube channel.
The Bear Bowl is a portable cooking pot that is easy to clean and can handle temperatures of 550 degrees. It is made of food grade coated fiberglass and features a base plate that ensures better heat conductance. Other features of the Bear Bowl include a PTFE coating that will ensure that the fiberglass remains in the same condition as when it was first manufactured. Ultimately, the couple plans to sell the cook pot through e-commerce channels and camping distribution stores.
Before appearing on Shark Tank, the Santiagos had established a supply chain to help them build their product. Recently, the couple ordered a large shipment from China. During their time on the show, they handed out samples to the Sharks. While they were initially interested in partnering with Jamie Siminoff, they decided to go with the offer from a shark who offered a higher percentage.
According to the Bear Minimum website, the two founders are planning to manufacture their products in the U.S. Eventually, they would like to make their entire supply chain based in the U.S. Until now, they have sold their products through eBay and Amazon.
Bear Minimum has since developed two more cook pots. One is called Mama Bear and the other is called Papa Bear. Both are designed for outdoor enthusiasts and campers. All of the products are easy to clean and can withstand high temperatures.