✓ Got a deal Out of business Season 8, Ep. 16 💄 Fashion & Beauty

Fire Fighter Turn Out Bags on Shark Tank

Fire Fighter Turn Out Bags makes bags made from used gear worn by firefighters. The products repurpose retired turnout gear into durable accessories and carry a connection to the fire service.

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⏱ Fire Fighter Turn Out Bags in 30 seconds

The ask$250K for 33%Valued at $757.6K
In the tankDeal: $250K for 50%With Lori
After the showNot confirmedNo public record either way
TodayClosedFounder Niki announced on February 15, 2021 that she was closing the …

Fire Fighter Turn Out Bags Shark Tank deal

Asked for: $250,000 for 33%
Asking valuation: $757.6K
Result: Deal
Final deal: $250,000 for 50%
Deal valuation: $500K
Shark: Lori Greiner
Founders: Nicole and Matt Rasor
From: CA
Aired: Feb 10, 2017

Asked

$757.6K

Got

$500K

Would you have invested in Fire Fighter Turn Out Bags?

The pitch

Nicole and Matt Rasor from CA pitched Fire Fighter Turn Out Bags in Shark Tank Season 8, Episode 16 (aired Feb 10, 2017). They asked for $250,000 in exchange for 33% equity, valuing the business at $757.6K. The entrepreneurs walked away with a deal from Lori Greiner: $250,000 for 50%. That put the final valuation at $500K, 34% below what they originally asked for.

What happened to Fire Fighter Turn Out Bags after Shark Tank?

Out of business

Fire Fighter Turn Out Bags appears to be out of business (Founder Niki announced on February 15, 2021 that she was closing the business to spend more time with her family.).

Sources (1)

sharktankblog.com/business/firefighter-turnout-bags

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Frequently asked questions

Did Fire Fighter Turn Out Bags get a deal on Shark Tank?

Yes. Fire Fighter Turn Out Bags got a deal with Lori Greiner for $250,000 and 50% equity.

Which Shark invested in Fire Fighter Turn Out Bags?

Lori Greiner invested in Fire Fighter Turn Out Bags on Season 8 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Fire Fighter Turn Out Bags still in business?

Fire Fighter Turn Out Bags appears to be out of business (Founder Niki announced on February 15, 2021 that she was closing the business to spend more time with her family.).

What season and episode was Fire Fighter Turn Out Bags on Shark Tank?

Fire Fighter Turn Out Bags appeared in Season 8, Episode 16, which first aired on February 10, 2017.

Where can I buy Fire Fighter Turn Out Bags?

Search for Fire Fighter Turn Out Bags on Amazon or major retailers; availability varies.

What was Fire Fighter Turn Out Bags's valuation on Shark Tank?

The founders valued Fire Fighter Turn Out Bags at $757,576 when they entered the Tank, and the final deal valued it at $500,000.