Glove Wrap Net Worth 2025: Glove Wrap is a baseball equipment company founded by 8-year-old entrepreneur Gavin Batarse in 2022, with a current estimated net worth of $275,000 in 2025, following a successful $50,000 investment for 22% equity from Mark Cuban and Michael Rubin on Shark Tank Season 15, while generating revenue through their $19.99 baseball glove breaking-in tool that has achieved official MLB partnership status.
Key Facts
- Glove Wrap is a baseball equipment company founded by 8-year-old Gavin Batarse.
- The company secured a $50,000 investment on Shark Tank Season 15.
- Glove Wrap’s manufacturing cost is $3 per unit with retail price of $19.99.
- The company achieved $19,000 in lifetime sales before Shark Tank.
- Glove Wrap is the Official Glove Wrap of Major League Baseball.
Glove Wrap Overview
| Detail | Information |
|---|---|
| Company Name | Glove Wrap |
| Founder | Gavin Batarse (Age 8) |
| Founded | 2022 |
| Product | Baseball glove breaking-in tool |
| Shark Tank Deal | $50,000 for 22% equity |
| Investors | Mark Cuban and Michael Rubin |
| Current Net Worth | $275,000 (2024) |
| Retail Price | $19.99 |
What Makes Glove Wrap Different From Other Baseball Products?
Glove Wrap is a specialized elastic band designed to break in baseball gloves efficiently. The product features specific dimensions in width, length, and thickness engineered for optimal glove breaking. This innovative solution addresses a common problem faced by baseball players who previously relied on makeshift methods like rubber bands or mechanical force to soften their gloves.
How Did Glove Wrap Start Its Journey?
The inception of Glove Wrap occurred when young Gavin Batarse encountered difficulty breaking in his new baseball glove. Working with his father Jon, Gavin developed the idea using an elastic band from his father’s medical supplies. The family business, based in Orange County, California, began operations in 2022.
What Happened During The Shark Tank Pitch?
Gavin, accompanied by his father Jon and sister Morgan, presented Glove Wrap on Shark Tank Season 15, Episode 3. The family sought $50,000 for 20% equity. Their presentation impressed the Sharks, particularly Mark Cuban and Michael Rubin, who offered $50,000 for 22% equity. The deal valued the company at approximately $227,273.
How Is The Business Performing Now?
Post-Shark Tank, Glove Wrap experienced significant growth in website traffic and sales. The company maintains its retail price point of $19.99 and continues to sell through their website and Amazon. The partnership with Mark Cuban and Michael Rubin provides access to valuable sports industry connections and retail opportunities.
What Are The Current Revenue Streams?
Glove Wrap generates revenue through multiple channels:
- Direct-to-consumer sales via their website
- Amazon marketplace presence
- Wholesale distribution ($10 per unit)
- Select retail store partnerships
Who Are The Key People Behind Glove Wrap?
The company operates as a family business with:
- Gavin Batarse (CEO and Inventor)
- Jon Batarse (Father and Business Manager)
- Morgan Batarse (Sister and Operations Manager)
What Is The Future Outlook?
Glove Wrap’s association with Major League Baseball and strategic partnerships with prominent investors positions the company for potential expansion. The business focuses on maintaining product quality while exploring new retail partnerships and distribution channels.
What Are The Latest Developments?
Recent developments include enhanced online presence, increased market visibility following the Shark Tank appearance, and continued product optimization. The company maintains active engagement with its customer base through social media and direct marketing channels.
This innovative product, created by a young entrepreneur, demonstrates the potential for simple solutions to address common sports equipment challenges. The combination of practical utility, strategic partnerships, and effective marketing continues to drive Glove Wrap’s growth in the sports accessories market.
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