FryAway, founded by Laura Lady, revolutionizes kitchen maintenance by transforming liquid cooking oil into a solid, jelly-like substance. This ingenious plant-based product aims to combat environmental issues caused by oil disposal, a problem Laura identified during the COVID-19 pandemic.
Origins of FryAway: A Solution to Environmental Challenges
Laura’s passion for fried foods and her deep concerns over cooking oil disposal led to the birth of FryAway in 2020. Faced with the growing issue of oil wastage and environmental impact, Laura’s proactive approach saw her crafting an eco-friendly solution to convert liquid oil into a solid form, ensuring a hassle-free and eco-conscious disposal method.
The Shark Tank Journey: A Success Story in the Making
FryAway’s appearance on Shark Tank sought a $250,000 investment for 10% equity. Laura’s pitch highlighted the severe drain-clogging issues caused by traditional oil disposal methods. With a focus on plant-based, non-toxic solutions, they presented a compelling answer to this dilemma.
FryAway Product Range: Eco-Conscious Transformation of Oil
Offering three variants – pan fry, deep fry, and super fry – FryAway provides a simple solution to convert liquid oil into a solid state. It necessitates using a specific quantity of the product according to the volume of the oil, ensuring effective solidification for convenient disposal.
Company Evolution and Success
Post-Shark Tank, their expansion journey began, gaining traction through effective word-of-mouth marketing strategies. The positive reception from consumers and media further propelled the brand’s growth.
Market Penetration and Retail Success
Their success story continues, with products available in over 1180 Walmart, Kroger, and more supermarket chain stores and online platforms. The brand’s cost-effective range, priced between $9.99 and $15.99, underscores its accessibility and environmental impact.
Founder’s Journey: Laura Lady’s Vision and Expertise
As the CEO of FryAway, Laura, a seasoned marketer with 15 years of experience, brings a wealth of expertise to the table. Her innovative approach and commitment to environmentally sustainable solutions have been instrumental in FryAway’s success.
What Is The Net Worth of FryAway?
Their ability to mitigate the negative impact of oil disposal by solidifying it ensures a more environmentally friendly approach. As the company’s net worth estimates at $1.1 million, the brand’s growth trajectory showcases its potential to address oil waste concerns and expand its presence in retail stores across the United States.
Conclusion: Pioneering Sustainable Disposal in Kitchens
FryAway’s journey signifies an innovative shift in addressing kitchen oil waste. Laura’s visionary solution tackles environmental threats, promising a cleaner and eco-conscious approach to oil disposal. With a strong presence in major retail stores and a robust market reception, it is well-positioned to pave the way for a more environmentally friendly cooking experience in households nationwide.
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Update on FryAway as of 2023:
Their successful appearance on Shark Tank marked a significant milestone, securing investment from Mark Cuban and Lori Greiner. As the brand continues to thrive, its presence in major retail stores and online platforms remains a testament to its commitment to addressing environmental concerns surrounding cooking oil disposal.
Is FryAway Still In Business?
Laura has led FryAway since 2020, experiencing notable growth in 2021. The plant-based product, available on Amazon, boasts a 4.3-star rating from numerous satisfied customers. Based in Concord, New Hampshire, the D2C company employs 2-10 individuals and remains operational as of August 2023.
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