John Tabis created The Bouqs Company to solve a problem. He saw that online floral services were often overpriced. Customers would see a low price advertised but then face hidden fees. The flowers often came from farms that did not grow sustainably. John wanted to change all of that. He created a flower delivery service with a flat-rate price.
His business was designed to make ordering flowers online easy and fair. On Shark Tank, he pitched The Bouqs to the sharks. He asked for $285,000 for 3% of his business. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update!
The Bouqs Company Net Worth Shark Tank Update 2025
John Tabis and Juan Pablo Montúfar went on Shark Tank asking for $258,000 for 3% of their company. This meant they thought their business was worth $8,600,000. They did not make a deal with any Shark. The episode was aired on May 9, 2014. The flower delivery company later became a global success and supplies flowers internationally. Using the viral/heavy traction method, the current net worth of The Bouqs Company is estimated to be around $70–80 million in 2025.
After the show, The Bouqs Company did not get a deal. But John Tabis did not give up. The company kept growing. Even without a Shark’s investment, The Bouqs hit $640 million in lifetime sales. The company expanded into new cities and reached new customers. They now offer fresh flowers that are responsibly sourced and sustainably grown.
They became well-known in the floral industry. The Bouqs showed that you don’t need a deal on Shark Tank to be successful. Today, the company has shipped millions of flowers. It is still growing and doing well.
No, The Bouqs did not get a deal. John Tabis asked for $285,000 for 3% of the business. But none of the sharks agreed to invest. Mark Cuban said no because he didn’t like to be “one of many.” Lori Greiner worried that big competitors would copy the idea. Robert Herjavec didn’t like the low equity offer. Barbara Corcoran couldn’t remember the name of the company.
Kevin O’Leary wanted an exit strategy but still decided not to invest. Despite not getting a deal, John continued to grow his company. He found success without a Shark’s help.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
The Bouqs Company Shark Tank pitch
John Tabis launched The Bouqs Company based on a straightforward concept. He aimed to sell flowers on the Internet at a reasonable price. Numerous online flower shops set elevated prices and imposed additional charges. John thought this was incorrect. He aimed to provide customers with a more advantageous offer. He noticed that flowers available for purchase online were frequently not as fresh as claimed.
They originated from farms that employed detrimental methods. John understood that a better method must exist. He intended to provide flowers that were freshly picked from the farm. He collaborated with farms that cultivated flowers in an eco-friendly manner. He also aimed to provide flowers at a reasonable cost. John grew weary of encountering hidden fees when purchasing flowers.
He established The Bouqs to address these issues. In the beginning, John encountered numerous obstacles. He needed to understand how to manage a business. He diligently sought the appropriate farms to collaborate with. He also needed to determine how to promote his business. Marketing was costly and he didn’t have much money to allocate. John invested $70,000 in marketing The Bouqs.
He put in an extensive effort to create his brand. His major opportunity arose when his business was featured in well-known magazines. Appearing in Oprah Magazine contributed to the growth of his business. It provided The Bouqs with the visibility they required. However, despite this achievement, John still had much to grasp. He encountered numerous challenges yet he continued to progress.
When John initially showed up on Shark Tank he felt anxious yet self-assured. He entered the tank carrying stunning arrangements of flowers. He provided one to every shark. They adored the blossoms and were amazed by their vibrancy. John stated that his business set itself apart from other online flower shops. He provided fixed-rate pricing and complimentary shipping.
The bouquets were cultivated sustainably and the flowers were fresh. John mentioned that The Bouqs solved the bait-and-switch issue prevalent in the online flower market. He revealed that customers frequently believed they were receiving a great bargain yet they faced additional fees at the final payment stage. John desired to alter that. He had faith in his company and sought assistance to expand.
John informed the sharks that he had previously generated $700,000 in sales. He anticipated making $1.2 million by year’s end. He mentioned that The Bouqs had a profit margin of 40% to 50%. The business maintained a low cost of acquiring customers. He had additionally secured $1.1 million in a seed funding round. At that time, The Bouqs held a valuation of $5.2 million. He felt a sense of pride in the progress he had made. However, the sharks had worries.
Mark Cuban was not fond of the notion of being “just another” investor. Lori Greiner was concerned that large corporations might replicate the business model. Robert Herjavec was dissatisfied with the low equity proposal. The sharks all ultimately chose not to invest.
Throughout the presentation, the sharks inquired extensively about the product and the company. They were curious to learn more about the functioning of The Bouqs. The initial question was posed by Mark Cuban. He inquired about John’s strategy to differentiate his business. John stated that he was providing a fixed-rate price. He aimed to make the process of purchasing flowers easier.
Customers had the option to select from an array of bouquets and there were no concealed charges. He thought this would assist him in competing with other flower shops.
Lori Greiner was worried about the possibility of large companies replicating John’s concept. She inquired about how The Bouqs plans to maintain its edge over competitors. John stated that his flowers were freshly harvested and grown in an eco-friendly manner. He thought this provided his company with a competitive advantage. He further indicated that the simplicity and transparency of his company would distinguish it from others.
Robert Herjavec was interested in learning more about the company’s potential for growth. He inquired of John how long he believed The Bouqs could endure against established rivals. John mentioned that his company was expanding rapidly. He had previously secured $1.1 million in a seed funding round and was valued at $5.2 million. He mentioned that he had significant ambitions for the future and was seeking assistance to grow.
Barbara Corcoran inquired with John regarding his plans. She was curious about how he planned to grow his business. John stated that he aimed to expand into additional cities and connect with more clients. He had previously delivered flowers to clients nationwide. He was convinced that with proper backing, The Bouqs could evolve into a top floral service.
After hearing John’s pitch, the sharks gave their responses. Mark Cuban was the first to go out. He said he didn’t want to be one of many investors. He believed that The Bouqs would face stiff competition from other companies. Lori Greiner also decided not to invest. She worried that big companies would copy the business model. She didn’t think there was enough protection for John’s idea. Robert Herjavec didn’t like the low equity offer.
He also questioned whether the company would be able to compete with established florists. He said he was out. Barbara Corcoran was next to go out. She admitted that she wouldn’t remember the name of the company. She also didn’t think The Bouqs was a good fit for her. Finally, Kevin O’Leary decided not to invest. He said that John needed an exit strategy.
He didn’t think The Bouqs would be able to succeed without a clear plan. All the sharks decided not to invest and John walked away without a deal.
What Went Wrong With The Bouqs Company On Shark Tank?
The main reason the sharks didn’t invest in The Bouqs was the risk of competition. Lori Greiner was concerned that big companies would copy John’s idea. Mark Cuban didn’t like being “one of many” investors. He also didn’t think The Bouqs had a unique enough offering to compete with established florists. Robert Herjavec didn’t like the low equity offer. He also questioned whether the company would be able to survive in a crowded market.
Barbara Corcoran couldn’t remember the name of the company and Kevin O’Leary didn’t think John had a clear exit strategy. These reasons led all the sharks to decide not to invest. However, despite not getting a deal John’s business continued to grow and succeed.
Product Availability
The Bouqs Company sells fresh flowers that are responsibly sourced and sustainably grown. Customers can order flowers online through The Bouqs website. The company offers a variety of bouquets for different occasions. The flowers are shipped directly from the farm ensuring they are fresh and high quality. The Bouqs offers flat-rate pricing and free shipping.
There are no hidden fees and customers can trust that they are getting a fair deal. The company is available to customers in major cities across the United States. Customers can easily place orders online through the website.
Conclusion
The Bouqs Company started as a simple idea to make buying flowers online easier and more affordable. Even though John Tabis didn’t get a deal on Shark Tank his business grew into one of the most successful companies to appear on the show. The Bouqs continues to provide fresh sustainably grown flowers to customers across the United States.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
