Weddings are frequently seen as one of the most beautiful, joyful, and memorable days of a person’s life. But with all the excitement, it might be difficult to have quietly available drinks, especially for brides who are interested in a drink without having to leave the festivities.
Flaky Flowers was invented by Rayan and Kelly Moynihan as a solution. Flasky Flowers is a product by Ryan and Kelly Moynihan that combines two seemingly unconnected items: a drinking flask and a bouquet of flowers.
The purpose of the invention is to make it possible for brides and bridesmaids to have a drink without worrying about where to store their drinks or having to leave their bouquets behind. Ryan and Kelly saw brides struggle to keep their beverages near, so they came up with this clever solution.
The entrepreneurs presented this product on Shark Tank. They asked for $50,000 for 10% equity. Let’s find out if they got the deal or not.
Flasky Flowers net worth 2024
Ryan and Kelly Moynihan asked for a $50k investment in exchange for 10% equity in their company, Flasky Flowers. This meant they valued their company at $500,000. They made a deal with Mark Cuban, Lori Greiner, and Kevin O’Leary for $75k in exchange for 30% equity, which valued the company at $250,000. After the show aired, Flasky Flowers saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Flasky Flowers in 2024 is about $385,000.
Flasky Flowers Shark Tank Update
After their Shark Tank appearance, Flasky Flowers signed an agreement with Mark Cuban, Lori Greiner, and Kevin O’Leary. This group made an offer of $75,000 for a 30% share in the company. As of today, Flasky Flowers is still in operation and continues to go on since the show.
The company mostly uses its own website and Etsy to sell its signature products online. Although the exact post-show income figures are not made public, the company has experienced some success, as evidenced by its almost 500 Etsy sales and multiple five-star ratings.
The business continues to assist brides and bridesmaids searching for an enjoyable and useful way to keep their drinks close during wedding festivities, having successfully built out a niche for itself in the bridal industry.
Yes, Flasky Flowers got a deal in Shark Tank with Mark Cuban, Lori Greiner, and Kevin O’Leary. Ryan and Kelly Moynihan presented on Shark Tank asking for $50,000 in exchange for 10% equity in their company. The 4 sharks teamed up and offered $75,000 for 30% equity, which Ryan and Kelly accepted.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $75,000 for 30% equity | N/A | Yes |
| Lori Greiner | Partnership | N/A | N/A |
| Kevin O’Leary | Partnership | N/A | N/A |
| Barbara Corcocan | Out | N/A | N/A |
| Daniel Lubetzky | Out | N/A | N/A |
Flasky Flowers Shark Tank Pitch
The husband and wife team of Ryan and Kelly Moynihan founded Flasky Flowers in response to an issue they noticed frequently occurring at weddings. Kelly, a former hair stylist, observed that brides and bridesmaids frequently found it difficult to maintain a tight eye on their beverages without drawing attention to themselves or interrupting the celebration.
This gave rise to the concept of Flasky Flowers, a floral bouquet featuring a covert flask that enables brides to secretly sip water or wine throughout the day. During the initial phases of their business, the Moynihans encountered significant challenges.
They made significant financial investments in their firm, including selling their house to raise money. Their dedication to Flasky Flowers’ success is demonstrated by Ryan’s decision to resign from his job and dedicate all of his attention to the company and their family.
Ryan and Kelly introduced Flasky Flowers as a light-hearted and useful option for brides who wish to get involved in a drink without attracting unwanted attention or interrupting the festivities during their Shark Tank pitch.
They described how the product is a useful wedding item since it incorporates a drinking flask into a floral bouquet. They gave the Sharks an overview of the product, stressing its $20 retail price and low $1.77 per unit production cost. Additionally, they disclosed that their lifetime sales had already reached $21,000, proving the product’s potential in the bridal market.
Mark Cuban enquired about the cost and selling price. They replied that they sell it for $20 and the cost is just $1.77. about the market size and growth strategy for a product in that area. According to Ryan and Kelly, there are a lot of weddings in the bridal industry every year, and their product offers a unique element that might appeal to a significant amount of this market.
Kevin asked about the sales. The founders replied that they made $21,000 in sales. Kevin O’Leary was interested in learning about their long-term business goals and profit margins. They outlined their favorable profit margins and low manufacturing costs, as well as their desire to expand into other festive occasions like birthdays and bachelorette celebrations.
Barbara asked how they do the sales. They replied that they do sales online and all the manufacturing is done in the USA. They also revealed that they have invested $60,000 initially.
Lori Greiner thought the idea could find a market and appreciated that it was a fun and innovative idea. She gave an offer of $50,000 for 20% stock.
Together, Kevin O’Leary and Mark Cuban expressed interest in goods with unusual but profitable potential by suggesting that Lori be included in a combined offer. $75,000 was their offer for 30% ownership which they accepted. Lori also joined them.
Barbara Corcoran did not make a serious offer, but she did joke that she wanted two of their children.
Daniel Lubetzky declined to make an offer as well, believing the product to be too specialized.
Product Availability
Flasky Flowers is still selling the product on their official website Flasky Flowers and Etsy. The product has been described as a creative and entertaining alternative for weddings and other festive events, and it costs $25, not including the flowers. Flasky Flowers, which focuses on direct-to-consumer sales, continues to be present in the market thanks to strong online sales and favorable client feedback.
Conclusion
Flasky Flowers is an illustration of how originality and a little bit of fun can draw in investors and customers. After transforming an innovative idea into a product that impressed three Sharks on Shark Tank, Ryan, and Kelly Moynihan were able to close a contract that would enable them to expand their company.
They have continued to concentrate on the bridal market since their presence on the show, providing a unique but useful solution that has established a niche. With the wedding market back up and running, Flasky Flowers should do well in the years to come.
As the business increases its presence in the event and celebration markets, future reports might show even greater expansion and possibly even new product lines.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
