It’s aggravating when you’re driving your takeout and can’t find a spot to put your sauce package. But, thanks to Saucemoto’s latest product, this issue has finally been resolved. The Saucemoto company has released a gadget that assists you in keeping your sauce in place. It’s known as the Dip Clip. It’s a rectangular hollow ring with a clip on one side that fits your car’s AC vent. This rectangular ring is also the precise size of your sauce packet.
So say goodbye to acting sauce-free tasteless dishes in your vehicle and avoiding making a mess in your automobile. The Saucemoto will be helpful for you. Our mission since our inception in 2017 by partners Michael Koury, Tony Lahood, and William Moujaes has always been to create and manufacture world-changing products. Our initial product, the Saucemoto Dip Clip, became a social media sensation, generating over 50 million views across many social media platforms.
Facts about Saucemoto :
|Birth Place||University of Akron|
|Nick Name||Not found|
|Father’s Name||Not found|
|Mother’s Name||Not found|
|Marital Status||Not found|
|Wife/Husband/Boyfriend/Girlfriend (Name)||Not found|
|Net Worth||80,000 dollars|
Saucemoto’s net worth:
Despite its relative youth in the industry, the company has established a strong reputation. However, the company has made a new place in the market due to its innovative product concepts developed from day-to-day observations and swift service. This has resulted in their rapid success. The lifetime sales of the company are estimated to be around 80,000 dollars. During its existence, the company has sold over 12,000 units for $77,000. Their product has a manufacturing cost of fewer than 0.8 dollars, but they offer it for 10.99 dollars in a double pack. This offers them a huge profit margin on their product. Because the company is new and in its early stages, its overall net value is anticipated to increase further.
Saucemoto Early Life
The Saucemoto Dip Clip was conceived and developed by the Milkmen Design LLC team. Michael Koury, Tony Lahood, and William Moujaes created this company in 2017. This company’s primary goal was to design and build a game-changing product. Their initial product, the Saucemoto Dip Clip, has gone viral, with over 50 million views on various social media platforms and other media outlets.
Their current teams of inventors, engineers, and designers have worked relentlessly and continue to work on the next big thing every day. The partners also stated in an interview that they were dreamers from an early age. They also indicated that they spent hours perfecting these items. They all took various ways but eventually came together, and their diverse interests and experiences kept them growing, producing, and learning. Three partners created the Saucemoto firm. Michael Koury, Tony Lahood, and William Moujaes are their names.
They established this business in 2017. Season 10 of the business reality show Shark Tank featured the company. This show features a panel of five sharks or investors, and several entrepreneurs will come on stage to sell their products. If the sharks enjoy their product, they will invest in it. The higher the investment, the better the outcome. Saucemoto received $45,000 from Kevin O Larry’s Shark Tank panel for a 25% stake. They had set a target of $45,000 for a 15% return.
Saucemoto in Shark Tank
But they could not do so; in any case, they got a fair deal. They first appeared on the show in Season 10, Episode 22. Attending the Shark Tank show improved the popularity of their product as well as their goodwill. They also had popular YouTubers Stokes Twins promote their product in one of their videos. Other well-known products from the company include the Extra Sause Cup and the Easy Gift Pack. The products can be purchased both retail and wholesale. If a person has questions about the product, they can contact them through their official website.
Their product is universal, fitting all fast-food sauce sizes and chains. It also fits effortlessly into all types of automotive AC vents. The product is also rigorously tested on various terrains to ensure that the cause does not spill even on the bumpiest ride. The creator created the model to handle any query the consumer could think of. They are also brainstorming innovative ways to expand their business.
What is Saucemoto’s net worth?
Saucemoto was founded in 2017 with a successful Kickstarter campaign that raised $63,308, bringing the company’s lifetime sales to $70,000.
What is the status of Saucemoto on Shark Tank?
Kevin’s transaction did not go through. The product is available on Amazon and the company website, and the guys are continuing their campaign to rid the world of ketchup-less fries! The company is still alive and well in February 2022, with sales ranging from $250,000 to $500,000.
Saucemoto is owned by who?
Our mission since our inception in 2017 by partners Michael Koury, Tony Lahood, and William Moujaes has always been to create and manufacture world-changing products. Our initial product, the Saucemoto Dip Clip, became a social media sensation, generating over 50 million views across many social media platforms.
Have any Shark Tank deals fallen through?
On the other hand, Shark Tank participants fail at a far lower rate. Only 6% of participants in the most recent seasons (5 to 9) have gone out of business, and only 20% of companies are losing money (but are still operating). So we may argue that Shark Tank has a success rate of roughly 94%.