Kit Lender Net Worth 2022 – What happened after Shark Tank?
Forrest Shinners is the founder of Kit Lender, an outdoors gear rental company. Forrest founded the company while working in finance in New York City.
He appeared on the 9th episode of season 11 of the popular show Shark Tank. All he needed was an investment deal of at least $200,000. Forrest was hoping for a deal of $200,000 for at least 7% of the company.
Unfortunately, he walked away without a deal, so, what happened to Kit Lender? Read on to find out where the company is today!
Quick Facts About Kit Lender Shark Tank Company
Kit Lender Shark Tank Episode |
Season 11 Episode 9 |
Business Type |
Ski And Snowboard Rental Clothes – Jacket, Pants, Goggles, And Gloves |
Owners |
Forrest Shinners |
Asked For On Shark Tank |
$200,000 For 7% |
Offer Accepted On Shark Tank |
No Deal |
Shark |
No Shark |
Status |
In Business |
Net Worth |
Annual revenue is $1 million |
What Does The Kit Lender Company Do?
Kit Lender is an outdoors gear rental company for people looking to rent outdoor gear and clothes for one-time use. It is a company created for people who would like adventurous experiences but does not want to buy new gear and clothes.
At Kit Lender you can rent everything men, women and children need to go skiing and do other outdoor activities. Anything from gloves, goggles, boots, jackets, ski pants, and more.
You can learn more about the company by following them on Instagram.
How Was The Kit Lender Idea Born?
The idea for Kit Lender came to Forrest Shinners when he was working in finance in New York City. This is where he noticed a gap in the market.
Many of the people he worked with enjoyed outdoor activities on occasion, particularly skiing and snowboarding, but did not want to purchase their own gear.
He decided to start the company and bring the gear to the people that want to enjoy the outdoors from time to time. Since Forrest is an entrepreneur by heart, he decided to give it his all ad make it work.
What Offer Did They Walk Away With After Their Shark Tank Episode?
Forrest Shinners appeared on the Shark Tank show seeking an investment deal of at least $200,000 for 7% equity in the business.
The Sharks liked the business model but they were concerned about how the business would work. Forrest Shinners, unfortunately, left the shark tank show without a deal.
Where Is Kit Lender Today?
After the Shark Tank episode, Kit Lender kept ongoing. Forrest Shinners quit his day job at a New York investment firm to concentrate full-time on Kit Lender. Business booming for Kit Lender.
They now ship to all 50 states in the USA and have seen 100% growth year to year. As of July, 2021, Kit Lender added camping and hiking gear to their rental items. They have annual revenue of about $1 million. If you are in the USA, you can rent their items from their website.
