Bouquet Bar is a company that lets customers make their gift boxes or choose from ones that have already been made.
Customers can choose things to put in the box, like roses, chocolates, candles, or succulent plants. The package is then sent to the recipient.
The boxes range from $52 to $160, and they can be customized for different occasions, such as expressing love, congratulations, encouragement, or condolences.
There are options for boxes with 2–6 items, including a premium bouquet, and the prices range from $52 to $160.
Who Is The Founder Of Bouquet Bar?
Early in 2017, Alex Amidi, David Yusuf, and Sal Aziz set up a platform for giving called Bouquet Bar.
Before this, the first two had started a Square Root Designs business that did flower designs.
The idea for Bouquet Bar came from noticing that many customers wanted to give their loved ones unique gifts.
By 2018, the company had partnerships with Google, Facebook, First Republic Bank, Oracle, and the Four Seasons Hotel.
Also, they had started making their chocolates, gummies, face creams, and nuts.
Bouquet Bar Shark Tank Appearance
On Shark Tank Season 9 Episode 19, David, Sal, and Alex pitch their company to the sharks. They want $150,000 in exchange for a 10% stake worth $1.5 million.
They show high-quality sample boxes and say they can be made to look however the customer wants.
When the Sharks ask for their numbers, they find out that the company has made $100,000 in four months but still needs to make more money to be profitable.
The three have put $600,000 of their own money into the business, with half of it going to product development.
They also talk about having a building with 3,200 square feet and $3,000 worth of goods that could bring in more than $1.2 million in sales.
But Lori, Sarah, and Daymond decide not to invest because there needs to be more differentiation, and the costs are too high. On the other hand, Mark makes an offer of $150,000 for a 20% stake, which is accepted.
Bouquet Bar After The Shark Tank Pitch
The company closed in December 2019, but Alex and David are still working at Square Root Designs. Sal’s job at his digital agency, Adaptive Media, is still going strong.
Bouquet Bar Net Worth
On the 19th episode of Shark Tank’s ninth season, David, Sal, and Alex asked for $150,000 for a 10% stake in their business worth $1.5 million.
In the end, they took Mark’s offer of $150,000 for a 20% stake, which brought the company’s value down to $750,000.The company closed in December 2019, but Alex and David are still working at Square Root Designs. Sal’s job at his digital agency, Adaptive Media, is still going strong.
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