Flasky Flowers, the unique floral bouquet-flask hybrid that captivated the sharks on Shark Tank, has continued since landing a deal on the show. With its innovative product and the backing of investors Mark Cuban, Lori Greiner, and Kevin O’Leary, Flasky Flowers has steadily grown over the past few years. But what is the current net worth of this budding business? Let’s take a deep dive into Flasky Flowers’ story and uncover the details behind its valuation.
Who is Flasky Flowers?
Flasky Flowers is a wedding-focused company that creates bouquet stands with hidden flasks, allowing brides to sip their drink of choice on their special day discreetly. The idea was born when co-founder Kelly Moynihan, a former hairdresser, noticed her bridal clients struggling to hold their drinks while posing for photos. Kelly shared the concept with her husband Ryan, and together, they set out to bring Flasky Flowers to life.
Who Is The Founder Of Flasky Flowers?
The Flasky Flowers business was founded by Ryan and Kelly Moynihan, a husband-and-wife duo who were raised just a mile apart in Delray Beach, Florida. The couple married in 2012 and went on to have seven children together. While Kelly worked as a hairstylist, the family sold their house to invest $60,000 into launching Flasky Flowers in 2019.
| Founders | Ryan and Kelly Moynihan |
|---|---|
| Background | Kelly, the former hairstylist, inspired by weddings |
| Ryan supported the business after quitting his job | |
| Family | Parents to 7 children |
| Launch Year | Founded in 2019 |
How Was The Shark Tank Pitch Flasky Flowers?
In 2021, Ryan and Kelly Moynihan appeared on Shark Tank Season 13, seeking $50,000 in exchange for 10% equity in their company. Their unique and eye-catching product impressed the sharks, who were initially skeptical but ultimately saw the potential in Flasky Flowers. After a bidding war, the entrepreneurs accepted a $75,000 offer from Mark Cuban, Lori Greiner, and Kevin O’Leary in exchange for a 30% stake in the business.
| Entrepreneurs | Ryan Moynihan and Kelly Moynihan |
|---|---|
| Business | Flower bouquets with hidden flasks (Flasky Flowers) |
| Ask | $50,000 for 10% equity |
| Result | $75,000 for 30% equity (Mark Cuban, Lori Greiner, Kevin O’Leary) |
| Sharks | Barbara Corcoran (No Offer) |
| Daniel Lubetzky (No Offer) |
Flasky Flowers Shark Tank Update:
Since their successful Shark Tank appearance, Flasky Flowers has continued to grow and evolve. The company now sells its signature product, retailing for $25, primarily through its website and an Etsy store. The Etsy shop has accumulated close to 500 sales in just over a year and maintains an impressive 4.7-star average rating from customer reviews.
What Happened To Flasky Flowers After Shark Tank?
After securing the deal with Mark Cuban, Lori Greiner, and Kevin O’Leary, Flasky Flowers has made steady progress, though the growth hasn’t been as explosive as some might have expected. The company continues to sell directly to consumers, capitalizing on the unique nature of its product and the continued popularity of weddings. While the pandemic initially impacted the wedding industry, Flasky Flowers has managed to maintain a consistent presence and customer base.
Flasky Flowers Net Worth:
Based on the available information, Flasky Flowers is estimated to be worth around $400,000. This valuation considers the company’s sales figures, growth trajectory, and the investment made by the Shark Tank investors. While the business hasn’t seen exponential growth, it has maintained a solid footing in the market and continues to generate revenue through its direct-to-consumer sales model.
Flasky Flowers Growth and Operations:
Flasky Flowers operates primarily from the founders’ home address, keeping overhead costs low. The company has focused on building its online presence with a Shopify-powered website and an active Etsy storefront. By raising the price of its signature product to $25, Flasky Flowers has increased its revenue per sale, helping to offset the slower-than-expected growth in the wedding industry.
Flasky Flowers Marketing and Sales:
Flasky Flowers has relied heavily on direct-to-consumer sales, leveraging its unique appeal and the growing popularity of wedding-focused products. The company has also benefited from its Shark Tank appearance, as some customers have discovered the brand through the show. With a strong focus on social media and online marketing, Flasky Flowers continues to reach new customers and build its brand awareness.
| Metric | Details |
|---|---|
| Lifetime Sales | $21,000 |
| Etsy Sales | Close to 500 sales with positive reviews |
| Website Pricing | Flasky Flowers priced at $25 |
| Average Rating | 4.7 stars (55 reviews) |
| Estimated Valuation | $400,000 |
| Annual Revenue | Estimated $90,000 |
Flasky Flowers Social Media Presence:
The Flasky Flowers brand has a relatively active social media presence, with accounts on platforms like Instagram, Facebook, and Twitter. The company uses these channels to showcase its products, share wedding inspiration, and engage with its growing customer base. By maintaining a consistent social media strategy, Flasky Flowers can stay top-of-mind with its target audience and showcase the versatility and appeal of its unique floral-flask hybrid.
Flasky Flowers Interesting Facts:
- Founders Ryan and Kelly Moynihan were raised just a mile apart in their Delray Beach, Florida hometown.
- The couple has a family of seven children, demonstrating their commitment to both family and entrepreneurship.
- To fund the launch of Flasky Flowers, Ryan and Kelly Moynihan sold their homes and invested $60,000 of their personal savings in the business.
- The idea for Flasky Flowers was sparked when Kelly, a former hairstylist, noticed her bridal clients struggling to hold their drinks while posing for photos on their wedding day.
- Flasky Flowers has succeeded in connecting with Shark Tank fans, with many of their positive online reviews mentioning the founders’ appearance on the popular TV show.
What’s Next For Flasky Flowers?
As Flasky Flowers continues to navigate the evolving wedding industry, the company will likely explore new avenues for growth and expansion. This could include partnerships with wedding vendors, developing additional product lines, or exploring new sales channels. With the support of its Shark Tank investors and a loyal customer base, Flasky Flowers is well-positioned to continue its journey and explore new opportunities in the years to come.
Final Words:
Flasky Flowers has carved out a unique niche in the wedding market, offering brides and their bridal parties a creative and practical solution to the age-old problem of discreetly enjoying a drink during the big day. While the company’s growth hasn’t been meteoric, it has maintained a steady presence and continues to build a loyal customer base. With an estimated net worth of $400,000, Flasky Flowers stands as a testament to the power of innovation and the determination of its passionate founders, Ryan and Kelly Moynihan.
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