Toor’s net worth in 2023 and discover what happened to Toor Lockbox, Junior Desinor’s Shark Tank pitch for a digital service that eliminates the need for real estate agents.
The real estate market, according to the new generation, doesn’t want to move forward with new technologies. It is evident that whenever a market refuses to transition and adopt advancements in technology, it seldom survives.
Real estate isn’t going anywhere, but how we buy new homes is bound to change. Junior Desinor saw an opportunity to change the way we visit new homes and invented Toor – a digital service that lets you visit new homes without waiting for real estate agents to come to show you.
In this article, we will briefly explain how Toor was represented at Shark Tank, Did he get a deal at Shark Tank, and If Toor is still in business or not. At the end of the article, we will reveal Toor’s net worth in 2023, so stay tuned!
Toor Lockbox: The Solution for House Hunting Wait Times
Toor Lockbox is a smart lockbox that allows access to a property via a mobile app, eliminating the need for a real estate agent.
With the house key inside, it opens only when the owner (or the real-estate agent) approves it via the app. Let’s say you are driving and see a property for sale, and you want to have a quick tour. Well, you can’t because you’d have to call the real estate agent, wait for him to arrive, and then show you the property.
Image Source: Toor (Facebook)
With Toor, this problem would be solved as the little lockbox is connected to the app, and when you want to visit the property, just use the Toor app on your phone to request the Toor lock to be open. There will then appear a key, which you can use to unlock the house, “Toor” it, and go by your business.
How Toor Lockbox Works
Toor Lockbox works by securely holding the key to a property inside a lockbox, which is connected to a mobile app. When someone wants to access the property, they can request to open the lockbox through the app, and the owner or real estate agent can approve or deny the request remotely.
If the request is approved, Toor will open and you’ll find a key inside which you can use to unlock the door and visit the property.
Toor is smart and keeps track of everyone that accessed the property and when which means security and accountability.
About the Founder Garcia Desinor Jr
Garcia Desinor Jr. is a top salesman and the genius mind behind Toor. Desinor has years of experience in real estate, investment, marketing, and sales. On Shark Tank, he was called the best salesman to ever appear on the show.
Image Source: Instagram
As of 2023, Garcia Desinor Jr. has 3 US patents and he is the inventor of 3 unique products including Toor.
Toor’s Shark Tank Appearance, Explained
On Season 8 Episode 8 of Shark Tank in 2016, Garcia Desinor Jr. appeared on Shark Tank to show off his exceptional communication and marketing skills and pitched Toor, a solution to the traditional waiting problem in real estate hunting.
Asking for $500,000 for a 10% stake in his business, Desinor valued his business at $5 million, and the sharks disagreed. The reason why is that when asked, Desinor revealed that he had sold ZERO Toor products.
Here’s the full breakdown of Toor’s Shark Tank pitch:
| Product Name | Toor |
| Founder | Garcia Desinor Jr. |
| Season/Episode | Season 8 Episode 8 |
| Year | 2016 |
| Seeked Investment | $500,000 |
| Stake Offered | 10% |
| Shark? | Kevin O’Leary & Barbara Corcoran |
| Deal | Yes (but founder backed out) |
| Company Valuation (in 2016) | $5 Million |
| Net Worth (2023) | None (Out of Business) |
Chris Sacca, a guest shark, was not impressed with Toor. He argued that Toor’s design wasn’t anything new, but Kevin O’Leary and Barabara Corcoran were impressed not only by Toor but also by Desinor’s excellent sales and communication skills.
Kevin’s first Offer – $100,000 for 10% Equity + $400,000 Loan with 18% Interest
Barbara Corcoran was also interested in investing in that fine gentleman and his product, so she teamed up with Kevin and offered him a joint deal. After some negotiations and a counteroffer, both sharks agreed upon paying $200,000 for 10% each, and $300,000 for a loan each.
Kevin and Barbara – $200,000 for 10% Each, $300,000 Load Each
But Wait, there’s a catch!
What Happened to Toor After Shark Tank?
After Shark Tank, even though Desinor and two sharks (Kevin and Barbara) agreed upon a deal, it was found that the founder backed out from the deal for reasons unknown.
Desinor then once revealed on social media that he was always in contact with Barbara as they both had agreed to work on some other projects. Coming to Toor, the company is now out of business as there are no new posts on social media from Toor’s social accounts.
Other than that, the founder Garcia Desinor Jr. also doesn’t post about Toor on his social media accounts.
Is Toor Still in Business?
Considering that Toor is currently absent from social media, Desinor is occupied with other projects, and Toor’s products are unavailable for purchase, it appears that Toor has gone out of business in 2023.
Toor Lockbox Net Worth in 2023
As we mentioned above, Toor Lockbox seems to be out of business as of 2023 and for that reason, Toor has a net worth of $0.
At the time of the Shark Tank’s valuation, Desinor argued that Toor was worth $5 million, but the deal, even though it didn’t close, valued Toor at $2 million. The fact that the deal with the sharks didn’t go through, and Toor is nowhere to be found on social media and e-commerce stores, Toor seems to be out of business.
Final Words
Toor, a solution for traditional waiting problems in real estate hunting, appeared on Shark Tank in 2016, seeking $500,000 for a 10% stake in the business. Founder Garcia Desinor Jr. valued the business at $5 million, but the sharks disagreed as Desinor had sold zero Toor products.
Even though Kevin O’Leary and Barbara Corcoran agreed to invest in Desinor, the founder backed out of the deal. As of 2023, Toor is out of business, with zero net worth.
Even though Toor didn’t work out, Desinor is putting his exceptional marketing skills to good use as he now mentors businesses and gives business and financial advice, and charges a good amount. It is a lesson that if you’re persistent enough, a small failure won’t stop you from succeeding.
Frequently Asked Questions – FAQs
Is Toor Lockbox still in business?
As of 2023, Toor Lockbox is out of business as the founder Garcia Desinor Jr. has been busy with other projects. It appears that Toor’s social accounts as well as the website have gone silent, and you can’t buy Toor anymore.
Does Toor still exist?
Toor Lockbox appears to have gone extinct as the founder has left the business. The social accounts and their website seems not to be working, meaning that Toor is out of business.
Who is the CEO of Toor?
Garcia Desinor Jr. is the founder and inventor of the Toor Lockbox product. The CEO was also Desinor but the business itself appears to have gone.
Who invested in Toor?
Both Kevin O’Leary and Barbara Corcoran offered a deal, but it was later found that Desinor backed out of the agreement for unknown reasons. So, no shark invested in Toor.
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