Flasky Flowers is a truly unique and innovative product that combines the beauty of a floral bouquet with the practicality of a discreet beverage holder, seamlessly blending function with aesthetic appeal. Founded by husband and wife Ryan and Kelly Moynihan, Flasky Flowers captured public attention when it was featured on Season 13 of “Shark Tank,” a popular TV show known for bringing novel products to the forefront. The ingenious idea was born out of a practical observation by Kelly Moynihan, a former hairstylist and busy mother of seven. She noticed how often women at weddings faced the awkward situation of trying to manage their drinks and their bouquets simultaneously during photo sessions. This observation inspired the development of a bouquet holder that ingeniously conceals a flask and includes a flexible straw, allowing the user to sip discreetly without interrupting the festivities. But beyond the initial television spotlight, how has Flasky Flowers fared? Is the company still thriving? Let’s deep dive into their journey post-“Shark Tank” and explore the current status of Flasky Flowers.
Flasky Flowers Pitch and Deal at Shark Tank
Appearing on “Shark Tank” is a dream opportunity for many entrepreneurs, and the Moynihans made the most of it with their eye-catching product. On the show, they presented Flasky Flowers, requesting $50,000 in exchange for 10% equity, which valued their business at half a million dollars. The pitch was a memorable one, as the Moynihans confidently showcased their product to the formidable panel of investors.
Their pitch intrigued not just one but three sharks—Lori Greiner, Mark Cuban, and Kevin O’Leary—who banded together to offer a combined deal. The trio proposed $75,000 for a 30% equity stake, meaning each shark would invest $25,000 for a 10% share. The Moynihans accepted the deal, thinking it was a golden opportunity to bring additional expertise and exposure to their budding business. However, many fans of the show are curious about what happened next and whether the sharks’ support was a game-changer for Flasky Flowers.
Is Flasky Flowers Still in Business?
As fans of “Shark Tank” will know, not every deal sealed on TV always comes to fruition. While the appearance gave Flasky Flowers a much-needed push in visibility, the deal itself was not finalized. Despite the initial excitement and agreement on the show, it seems the partnership with the sharks didn’t materialize as anticipated. This lack of a deal closing can be common in the high-stakes world of investments where further due diligence is required.
Nonetheless, Flasky Flowers continues to operate and sell its unique bouquet holders online. They have maintained an active presence on their website and an Etsy shop where close to 500 sales have been registered. The positive reviews and customer satisfaction have kept them buoyant in the competitive market. The challenges they have faced highlight the reality for many small businesses—the journey from concept to market can be as intricate as it is rewarding. With dedication and an ever-growing customer base, Flasky Flowers remains open for business, showing the resilience and creativity necessary to maintain a niche product in the marketplace.
Flasky Flowers Net Worth
The financial journey for Flasky Flowers has been as unique as its product. The company initially valued itself at $500,000 during its “Shark Tank” appearance. Today, assuming continued moderate growth, its estimated net worth ranges between $385,000 and $450,000. This estimate considers various factors including sales through its online platforms and the increase in product pricing.
Since debuting on “Shark Tank,” the Moynihans have seen some success, though figures haven’t reached astronomical proportions. They’ve seen an increase in product popularity, allowing them to raise the price from $20 to $25 per bouquet, coupled with offers like free shipping for orders over $100, which potentially aids in boosting sales.
While post-show revenue figures aren’t publicly available, the noticeable yet moderate popularity on platforms like Etsy speaks to a dedicated yet niche audience. Staying profitable in an ever-changing business environment, especially after the turbulence caused by global events like the COVID-19 pandemic, is a testament to their dedication and adaptability.
What’s Happened Since Shark Tank?
Since their “Shark Tank” appearance, the Moynihans have faced both triumphs and trials. On the positive side, the exposure provided by the show helped boost their brand awareness, attracting a broader audience and new customers keen to explore this novel concept. However, there were significant hurdles to overcome too. Following their appearance, the couple faced personal challenges, such as their youngest child’s need for open-heart surgery and financial strains, which included selling their house and quitting their jobs to focus on Flasky Flowers.
These personal and professional challenges made their entrepreneurial journey more complicated. Yet, they stayed the course, maintaining their belief in the product and the niche it serves. Social media activity hints at a slowdown in growth or potential hurdles in the business’s current trajectory, with little online presence after mid-2023. Engagement on platforms is crucial for customer retention and attracting new clientele, so this could be an area for the Moynihans to revisit to ensure long-term viability.
Flasky Flowers Business Overview
Flasky Flowers stands out with its simple yet innovative product: a bouquet with a hidden flask. Constructed from BPA-free plastic, these bouquet holders come with a circular foam base that can accommodate both artificial and live flowers. The product ingenuity is evident as the top flips open to insert a beverage, with a flexible straw seamlessly integrated into the flowers. This feature allows users—typically brides or bridesmaids—to sip discreetly, adding an element of fun and convenience to their celebrations.
Moreover, Flasky Flowers products are reusable, providing practicality alongside novelty. Replacement foam inserts are also available, extending the lifespan of each bouquet. With its primary sales channels being its own website and Etsy, the product continues to enjoy moderate success across the two platforms. The key now for Flasky Flowers is potentially diversifying sales channels and boosting social media engagement to grow their customer base and sustain market presence.
How Shark Tank Helped Shape Flasky Flowers’s Future
While the deal with “Shark Tank” sharks did not come to pass, the impact of appearing on the show shouldn’t be underestimated. The national exposure was invaluable, raising awareness about Flasky Flowers and driving consumer interest towards their novel idea. This buzz supported by organic word-of-mouth and positive customer reviews, has helped sustain sales despite the absence of a finalized investment deal.
Such high-profile exposure offers more than just consumer attention; it often attracts potential partners and investors who might share a vision with the Moynihans. For Flasky Flowers, leveraging these opportunities remains crucial for expansion, innovation, and stability in the competitive market of wedding and event accessories.
Conclusion
Flasky Flowers’ journey captures the essence of entrepreneurship: starting with an idea inspired by personal experiences, facing challenges head-on, and seeking opportunities for growth at every turn. The Moynihans’ appearance on “Shark Tank” was a pivotal moment that set their brand on a national stage. Even without a shark deal materializing, they continue to grow, albeit at a steady pace.
Their innovative product has carved out a niche that blends practicality with elegance, offering brides and event-goers a novel accessory for their special occasions. For those eager to learn more about business paths like Flasky Flowers, a resourceful platform such as The Mint Business can provide comprehensive insights into turning entrepreneurial ideas into reality.
As Flasky Flowers progresses, the foundation laid by the Moynihans’ dedication and the learnings from their “Shark Tank” experience will be instrumental in shaping their future endeavors.
