Many irrigation systems have been developed to help farmers plant crops more effectively. T-Pee of Johnny Georges is one of them. Its structure has a containment device that can help save a lot of water in growing trees. The entrepreneur promoted to his company's Shark Tank and reached a transaction with the guest shark John Paul Dejoria. Recently, the value of Tree T-Peee is estimated to be $ 50 million.
Johnny Georges' background
Farmer Johnny Georges grew up in Winter Haven, Winter Haven, Florida. Although he is the current head of the company, Johnny is not the original founder. That will be his father Rick Georges.
As the creator of the micro -trainers in 1970, Rick is considered a pioneer of the crop watering industry. He mainly focuses on citrus cultivation and irrigation, and keeps looking for water citrus trees.
When Johnny was moderate age, Rick taught everything about his son. Johnny has worked for his father for more than 20 years, where he obtained the first -hand knowledge of irrigation engineering, well diamonds and pump installation.
Create T-Pee
Rick first produced the first T-Pee to protect young trees from frost. He launched a cone product under his company Georges Enterprise Inc. in 1984. While observing the invention, Johnny realized that it had water retention.
Johnny believes that if only one special irrigation system sprays water in the cone, it can save more resources. But the water was cheap at the time, so Rick found that this adjustment was not important.
When the times changed, Johnny did not waste the opportunity to upgrade his father's creation and turned it today. The official product was in a new company GSI SUPPLY in 2005, INC. For the launch, they sold about 127,000 units in 20 years.
The appearance of the shark tank
Johnny Georges took root, but it was still relatively small in 2013. He wanted to move to a business outside Florida, so he signed the Fifth Season of Shark Tank and sought $ 150,000 to obtain a 20 % equity.
This man is a humble farmer. When he entered the stage, he was a little clumsy, and even suffered his words in one minute. This is not a good help when Kevin O'Leary began to ask some daunting questions.
Johnny stood up and gave an honest answer. John Paul Dejoria (John Paul Dejoria) showed sympathy for Johnny and proposed to accurately give him what he wanted.
T-Pee after the shark tank
The T-Pee pitch is a very moving plot. In the end, things became very excited. As the company developed booming, tears were recovered. They sold thousands of units on the night of the show. Over the years, through the release, this episode has been watched by millions of people.
With the help of Billionaire, John Paul Dejoria, the product was provided in 80 countries/regions. TREET T-Pee is most common in Home DEPOT, but you can also buy it directly on Treetpee.com. On their website, the average score of tree irrigation equipment is 4.7, and the evaluation is 15 comments. The company has achieved huge success, worth $ 50 million.
Nevertheless, Johnny Georges did not share any recent sales data, but according to data from ZOOMINFO.COM, the business estimated that the annual income was $ 5 million. Some websites like MarketRealist.com believe that the company is worth $ 100 million, but the valuation is unrealistic.
Categories: Shark Tank
Source: svlsf.edu.vn