Tree T Pee Net Worth is $50 million. Tree-T-Pee, a brilliant innovation in irrigation systems, has been making waves in helping farmers grow crops more efficiently. Let’s dive into what happened to Tree T-PEE after it appeared on Shark Tank!
Tree T Pee Net Worth
Meet the Founder
Our hero, Johnny Georges, grew up in Winter Haven, Florida, inheriting his father Rick Georges’ passion for farming. Rick, a pioneer in crop watering, created the micro-sprinkler in 1970 and focused on citrus farming. Johnny soaked up more than 20 years of hands-on experience working with his dad, learning everything about irrigation engineering, well drilling, and pump installation.
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The Birth of Tree T-PEE
The original Tree T-PEE, created by Rick in 1984, aimed to protect young trees from frost. Fast forward to 2005, Johnny saw the water-conservation potential and revamped his dad’s creation under a new company, GSI Supply, Inc. They sold an impressive 127,000 units in two decades.
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Shark Tank Journey
In 2013, Johnny, seeking to expand operations beyond Florida, took Tree T-PEE to Shark Tank, asking for $150,000 for 20% equity. The humble farmer faced tough questions, but with genuine answers and the compassion of guest Shark John Paul DeJoria, he secured the deal he was looking for.
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Post Shark Tank Success
The emotional Tree T-PEE pitch struck a chord with viewers, resulting in a surge in sales. Thanks to John Paul DeJoria’s support, the product is now available in 80 countries, primarily at Home Depot and TreeTPee.com. With an impressive average rating of 4.7 out of 5 from 15 reviews, the company is thriving and is currently valued at $50 million.Though recent sales figures are not disclosed, estimates suggest an annual revenue of $5 million. Despite some optimistic valuations reaching $100 million, it’s safe to say Tree T-PEE’s success is firmly rooted in the market.Feel free to share your thoughts below and stay tuned for more success stories!
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Chris Morgan is the author of The Comic Galaxy of Mystery Science Theater 3000 and The Ash Heap of History. He’s written about sports and pop culture for various publications.
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