Legacy Shave is a growing brand in the men’s grooming industry, known for its innovative products like the Evolution Brush and its unique approach to shaving. Founded by brothers Mike Gutow and Dave Gutow in 2016, the company quickly gained recognition, especially after appearing on Shark Tank.
Today, Legacy Shave has a net worth of $6 million, thanks to its premium grooming products, strategic partnerships, and dedicated customer base. While Mike Gutow’s age is currently in his 40s, his wife has been a strong support in his journey. Standing at a height of 5’10”, he continues to lead the brand with a focus on sustainability and quality.
Profile Summary
| Attribute | Details |
| Company Name | Legacy Shave |
| Founders | Mike Gutow, Dave Gutow |
| Founded | 2016 |
| Net Worth (2024) | $6 Million |
| Main Products | Evolution Brush, Shaving Cream, Razors, Grooming Accessories |
| Industry | Grooming, Men’s Grooming, Personal Care |
| Sources of Income | Product Sales, Licensing Deals, Retail Distribution |
| Shark Tank Appearance | Yes, secured an investment |
| Social Media | Instagram, Twitter, Facebook, YouTube |
| Key Features | Innovation, Quality Materials, Sustainability, Customer Satisfaction |
| Age (of the company) | 8 years (Founded in 2016) |
| Company Values | Family Values, Work-Life Balance, Entrepreneurship |
| Primary Market | USA, International Availability |
| Annual Revenue Growth | Significant, driven by retail and online sales |
| Brand Recognition | High, with a loyal customer base and growing international presence |
| Focus Areas | Quality, Craftsmanship, Innovation, Customer Satisfaction |
Legacy Shave Net worth & Sources of Income
In 2024, Legacy Shave is valued at $6 million, thanks to its innovative products like the Evolution Brush. The brand generates income through product sales, licensing deals, and retail distribution. Media exposure, especially from Shark Tank, has boosted its growth. These sources contribute to its strong presence in the grooming industry.
Sources of Income
- Product Sales:Legacy Shave earns a substantial portion of its revenue from the sale of innovative products like the Evolution Brush. Their premium grooming products, including the shaving brush and shaving cream, are widely popular for enhancing the shaving experience.
- Licensing Deals:In addition to product sales, Legacy Shave boosts its income through licensing deals. These agreements allow other brands to incorporate their unique shaving technology, which increases revenue while expanding the brand’s reach and market presence in the grooming industry.
- Retail Distribution:Legacy Shave generates revenue from retail distribution by selling its products in physical stores and on online platforms. The company’s strategic partnerships with retail chains and expansion into international markets have greatly increased its customer base and sales volume.
Legacy Shave Career Beginnings
Legacy Shave’s career began in 2016 when brothers Mike Gutow and Dave Gutow decided to revolutionize the men’s grooming industry. The idea for their groundbreaking product, the Evolution Brush, came from their frustration with the traditional shaving process.
The brothers wanted to create something that would simplify the shaving routine while maintaining a high level of quality. Their invention combined a shaving brush with a shaving cream can, offering a more efficient and enjoyable shaving experience.
In 2017, the brothers appeared on Shark Tank, which became a pivotal moment for their business. The exposure and investment they received on the show helped propel their company forward. With the backing of Shark Tank investors, they scaled their operations and increased product distribution.
By 2018, Legacy Shave had expanded its product range, adding more grooming accessories and other premium grooming products to meet the needs of their growing customer base. The company’s focus on innovation, quality materials, and craftsmanship helped it build a loyal following within the grooming industry.
Legacy Shave Business Ventures
Legacy Shave has built a strong foundation by focusing on creating innovative products in the grooming industry. Their flagship product, the Evolution Brush, is a prime example of how they combine tradition with modernity. The design incorporates a traditional shaving brush with a shaving cream dispenser, which makes the shaving process more efficient for users.
After appearing on Shark Tank, the company gained valuable exposure. Mike Gutow sought a $300,000 investment for 10% equity, which was accepted by Lori Greiner. The deal included a 30% stake and a 3% royalty on net sales, which significantly boosted the company’s growth and helped them reach a larger audience.
By 2024, Legacy Shave had grown its net worth to an estimated $6 million, up from struggling with sales of only $1 million before the Shark Tank appearance. Their sales reached $4.8 million, and the company earned $1.9 million in annual revenue, showing how the Shark Tank investment played a crucial role in their expansion.
The company primarily focuses on direct sales through its website, but it is also exploring licensing deals as a strategic growth avenue. These moves show that Legacy Shave is capitalizing on the increasing demand for quality shaving products. With a loyal customer base, the company is expanding its offerings, tapping into both retail distribution and online platforms.
Legacy Shave Net Worth Estimation
| Year | Net Worth Estimation | Annual Increase Rate |
| 2023 | $10 million | 0% |
| 2022 | $10 million | 66.67% |
| 2021 | $6 million | 500% |
| 2020 | $1 million | 33.33% |
| 2019 | $0.75 million | 87.5% |
| 2018 | $0.4 million | 100% |
| 2017 | $0.2 million | 100% |
| 2016 | $0.1 million | – |
Legacy Shave’s founder Marriage, family, and Personal Life
Legacy Shave’s founder, Mike Gutow, has managed to keep much of his personal life private, but it’s known that he values family and work-life balance. He is happily married, and his wife has been a strong supporter of his entrepreneurial journey. Together, they share a close-knit family life, often focusing on spending quality time together despite the demands of running a growing business.
Family bonding plays a central role in Mike’s life, and this is reflected in his business approach, which is rooted in family values. Mike and his brother Dave co-founded Legacy Shave, drawing inspiration from their family experiences.
As of 2024, Legacy Shave’s net worth is estimated at $6 million, a significant achievement for the company, largely due to their strong commitment to innovation and family values. The company’s success has been a testament to their hard work and dedication to quality products.
Legacy Shave Company Overview
Legacy Shave is a company founded by brothers Mike and Dave Gutow in 2016, specializing in innovative shaving products like the Evolution Brush, which combines a shaving brush with a shaving cream can for a smoother, more efficient shaving experience. Gaining significant exposure after appearing on Shark Tank, the company saw rapid growth with an investment from Lori Greiner.
Known for its commitment to quality, sustainability, and customer satisfaction, Legacy Shave offers a range of premium grooming products for men, including shaving creams and razors. As of 2024, the company has an estimated net worth of $6 million, continuing to thrive in the grooming industry.
Age
Legacy Shave, founded in 2016, is 8 years old as of 2024. Despite its young age, the company has become a key player in the grooming industry. Its innovative products, like the Evolution Brush, have helped it grow rapidly, reaching a net worth of $6 million.
Founders’ Physical Attributes
The physical attributes of Legacy Shave’s founders, Mike Gutow and Dave Gutow, are not widely publicized. They prefer to keep their personal lives private, focusing more on their entrepreneurial efforts. Their success in the grooming industry speaks to their skills in innovation and business, rather than their physical appearances.
| Founder | Height | Weight |
| Mike Gutow | Not publicly available | Not publicly available |
| Dave Gutow | Not publicly available | Not publicly available |
Social Media Accounts
| Platform | Account Handle | Link |
| @fbeltran | Instagram Link | |
| Not Found | Not Available |
Conclusion
Legacy Shave has established itself as a major player in the grooming industry with its innovative products like the Evolution Brush. The company’s strategic appearance on Shark Tank propelled its growth, boosting its visibility and helping it secure valuable investment.
With a net worth of $6 million in 2024, Legacy Shave continues to thrive. Offering premium grooming products to customers globally. The founders’ dedication to quality, sustainability Customer satisfaction ensures Legacy Shave remains a trusted name in the personal care market.
FAQ’s
Who is Legacy Shave?
Legacy Shave is a grooming brand known for its Evolution Brush. It was founded by Mike and Dave Gutow to improve shaving routines.
How Much is Legacy Shave Company Worth?
Legacy Shave is worth approximately $6 million as of 2024. The company gained significant value after its Shark Tank appearance.
Is Legacy Shave Successful?
Yes, Legacy Shave is successful with strong sales and innovative products. Its collaboration with Lori Greiner boosted its brand recognition.
What is Legacy Shave Worth Today?
Legacy Shave’s estimated worth today is $6 million. The company continues to grow in the competitive grooming industry.
Is Legacy Shave Successful?
Yes, the brand is successful, thanks to its innovation and quality. It enjoys a loyal customer base and steady revenue growth.
“Celebs Latest brings you the freshest celebrity updates, entertainment news, and trending stories from around the globe. Dive into exclusive scoops, red carpet highlights, and everything buzzing in showbiz. Stay informed and entertained with Celebs Latest your trusted source for all things celebrity.”