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Quickstop – Brief Overview
Quickstop is the revolutionary fire sprinkler shutoff tool founded by firefighter and entrepreneur Matt Scarpuzzi. This cutting-edge tool is the first and only multi-use fire sprinkler shutoff tool on the market.
It provides firefighters with 7 different tools they need to combat commercial and high-rise fires, covering more fire sprinkler types and sizes than any other tool.
When accidents happen with fire sprinklers, Quickstop is the tool of choice for quickly deactivating the sprinklers and preventing unintended water damage.
With Quickstop, seconds matter, and it is trusted by firefighters across the world to reduce water damage and protect buildings.
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Company Profile
| Company Name | Quickstop |
| Founder | Matt Scarpuzzi |
| Product | Multi-use Fire Sprinkler Shutoff Tool |
| Unique Selling Points | – First and only tool of its kind on the market – Provides 7 tools for firefighting needs – Covers various fire sprinkler types and sizes |
| Purpose | Quickly deactivates sprinklers, preventing unintended water damage in emergencies |
| Net Worth | (November 2023) $2.3 million |
| Monthly Sales Revenue | $100,000 |
| Availability | Amazon Official Website: https://quickstoptool.com/ |
Quickstop Net Worth
As of November 2023, Quickstop’s net worth is $2.3 million, with an monthly sales revenue of $100,000. Featured on Season 05 of Shark Tank in 2014, the company declined a $150,000 offer for 50% equity.
Despite this, Quickstop has thrived, offering a practical solution to a critical safety issue. The tool is available for purchase on the company website and Amazon, showcasing its continued success in the market.
Recognizing the need for a more effective solution, Matt took action. After months of designing, testing, and engineering, he developed the Quickstop Fire Sprinkler Tool.
This tool was designed to rapidly and easily deactivate individual sprinkler heads without the need to shut down the entire system.
This straightforward and efficient tool became a game-changer in firefighting, thanks to Matt’s commitment to addressing a real-world problem.
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Founder Story
Quickstop originated when firefighter Matt Scarpuzzi of San Diego, CA, identified a significant problem.
He and his team frequently responded to situations where fire sprinklers were activated, but there was no actual fire.
Turning off these sprinklers proved challenging – they had to shut down the entire system for the whole building, creating an unsafe environment for occupants. Locating and shutting down the system sometimes took up to an hour, resulting in substantial water damage to the property.
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Shark Tank Appearance
| Shark Tank Appearance | Season 05, Episode 24 (2014) |
| Asked Deal | $150,000 for 10% equity |
| Shark Tank Offer | $150,000 for 50% equity (Declined) |
| Sales Revenue & Growth | – Monthly: $100,000 – Annual: $1.2 million – Focus on meeting current demand and exploring opportunities for growth |
During season 4 episode 24 of Shark Tank, entrepreneur Matt Scarpuzzi, the founder of Quickstop, entered the tank with the objective of securing a $150,000 investment in exchange for a 10% ownership stake in his groundbreaking firefighting solution.
The outcome of this encounter carried immense significance as Matt, a firefighter himself, presented the impressive sales figures of approximately $18,000 generated within a mere six-week span.
However, the Sharks remained slightly unconvinced, expressing concerns about Quickstop’s profit margins. Matt revealed that the manufacturing cost of the product was $25, while its selling price was $89.95.
Despite the skepticism, Quickstop’s potential captured the attention of the Sharks, leading to a negotiation that would determine the trajectory of the company.
Beyond its primary application for firefighters, Quickstop demonstrated its versatility by showcasing a home leak stopper and extendable handles designed for hard-to-reach sprinkler heads.
This adaptability added an extra layer of appeal to the product, positioning it as a comprehensive solution for diverse firefighting needs.
As the negotiations started, business mogul Lori Greiner made an initial offer of $75,000 for an 18 percent ownership stake. However, she sought a fellow Shark to collaborate on this investment.
Enter Kevin O’Leary, also known as Mr. Wonderful, who expressed his interest by offering to contribute the remaining $75,000. In return, he proposed a combined equity share of 50% for both him and Lori.
The negotiations continued as Lori adjusted her offer to a reduced equity share of 40% after Matt displayed hesitancy.
The tension escalated, and the stakes were crystal clear-Quickstop’s future hung in the balance. Matt ultimately decided to turn down Lori and Kevin’s offer after having to make the difficult choice to give up a deal at Shark Tank.
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Sales Revenue
As per various trusted reports, Quickstop has been consistently achieving impressive sales milestones, solidifying its position as a leading player in the market.
With a monthly revenue reaching an impressive $100,000, the company has demonstrated its ability to generate substantial income on a regular basis.
Moreover, Quickstop’s annual sales figure exceeds a remarkable $1.2 million, showcasing its sustained success and robust growth in the industry.
Future Growth
Quickstop, an innovative firefighting tool, is experiencing significant growth with monthly sales revenue of $100,000 and annual sales surpassing $1.2 million. The product’s versatility and the founder’s firefighting background contribute to its appeal.
Quickstop’s focus on meeting current demand and exploring expansions or product enhancements positions it for sustained growth.
The company’s resilience, as demonstrated on Shark Tank, bodes well for its future. With a solid sales foundation and a critical safety product, Quickstop is poised for further expansion and success in the firefighting and safety technology market.
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Where to buy Quickstop Sprinkler Tool?
You can purchase the Quickstop Sprinkler Tool conveniently through two main channels. Firstly, it is available on Amazon, providing a widely accessible platform for online shoppers.
Additionally, Quickstop offers its product directly through its official website: https://quickstoptool.com/. This dual availability ensures that customers have flexible options to acquire the Quickstop Sprinkler Tool either through the popular online marketplace or directly from the company’s official online platform.
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Frequently Asked Questions
As of November 2023, Quickstop had a net worth of $2.3 million and a monthly sales revenue of $100,000. Despite declining a $150,000 offer for 50% equity on Season 05 of Shark Tank in 2014, Quickstop has thrived, offering a practical solution to critical safety issues.
Quickstop is an innovative tool created by firefighter and entrepreneur Matt Scarpuzzi. It serves as a multi-use fire sprinkler shutoff tool, offering seven essential functions to assist firefighters in combating commercial and high-rise fires. This groundbreaking tool is the first of its kind in the market.
Quickstop is specifically designed to swiftly deactivate fire sprinklers, preventing unintended water damage that may occur when sprinklers are activated without an actual fire. By providing a rapid and efficient solution to address this common problem, Quickstop minimizes potential damage.
Absolutely. Quickstop is a versatile tool that caters to a wide range of fire sprinkler types and sizes. This comprehensive solution caters to different firefighting needs, ensuring its effectiveness in various situations.
Quickstop stands out as the first and only multi-use fire sprinkler shutoff tool available. Unlike other tools, it covers a broader spectrum of fire sprinkler types and sizes, providing firefighters with a comprehensive solution for diverse scenarios.
Quickstop can be purchased through two main channels. It is conveniently available on Amazon, catering to online shoppers. Additionally, Quickstop offers its product directly through its official website at [https://quickstoptool.com/].
