Everyone wants their wedding to be perfect. Laughing, enjoying, and sipping the red wine at your wedding while not spilling your drink on anyone is such a blessing in itself. To make your dream wedding possible, Flasky Flowers came up with a unique All-in-one Flask and Handheld Bouquet.
Now those who have seen the Flasky Flowers on Shark Tank must be aware of their products and what it does. Let’s recall the wonderful pitch by Ryan and Kelly Moynihan for their business Flasky Flowers.
Their product not only amazed the Sharks but it also managed to secure a deal with three Sharks. Here’s every Flasky Flowers Shark Tank update you need to know along with the current status of the company and their sales.
About the Founders of Flasky Flowers
Ryan and Kelly Moynihan walked down the aisle in 2012 and started staying together in Delray Beach. Where Ryan was a full-time worker, Kelly also contributed to the finances by working as a hairstylist.
The story behind starting Flasky Flowers is quite interesting. One fine day in 2013, when Kelly was hired for a birthday party, she noticed that the bride and her bridesmaid were frequently juggling between holding flowers to click pictures and their drinks in between. This incident struck a great business idea for the couple.
That’s when the idea to start Flasky Flowers, a combination of flower bouquets and a flask to store drinks kicked in. In 2019, the couple finally managed to gather $60000 in capital for their business startup by selling their house and launching their products.
At that time Ryan and Kelly were expecting their 7th baby, so Ryan quit his job to support his partner. Things were not that smooth in the beginning for the couple as soon after the birth of their youngest child, she had to undergo urgent heart surgery.
While Ryan and Kelly were still trying to cope with their baby’s health and manage their business sidewise, the pandemic happened and we the wedding businesses were affected.
Still, Flasky Flowers managed to make $21,000 in sales. To further expand their business the couple appeared on Shark Tank.
Flasky Flowers Shark Tank Appearance
| Founder: | Ryan and Kelly Moyniha |
| Requested capital: | $500,000 for 10% equity |
| Invested capital: | $75,000 for 30% equity |
| Investor / Shark: | Kevin, Mark, and Lori |
| Net worth in 2024: | Ryan and Kelly Moynihan |
Ryan and Kelly Moynihan appeared on Shark Tank in season 13 with their business model, Flasky Flowers. The impressive part was the couple came dressed up in wedding outfits, creating an impact for their brand.
The couple was short of finances and hence wanted to get an investment to boost their business. Flasky Flowers ask was $50,000 for 10% equity in their company.
Looking at their family finances and seven kids, Sharks were worried about management and growth. To help Ryan and Kelly, three Sharks Kevin, Mark, and Lori offered to split $75,000 for 30% equity in their company, to which Ryan and Kelly agreed, and the deal was completed.
What Happened To Flasky Flowers After Shark Tank?
After Shark Tank, Flasky Flower experienced a slow but steady growth in the market. The prices of their products were increased by $5 to increase revenue.
Kelly also opened an ETSY store and Shopify.com to reach a wider audience. The sales are slowly generating and the company is valued at $400,000.
According to BuzzFile.com, the annual revenue closed by Flasky Flowers is somewhere around $90,000 which is not bad from the previous numbers.
The appearance of Shark has surely given exposure to the brand as many of the customer reviews reveal that they are Shark Tank fans and hence tried their product.
You may also be interested in reading: Phoozy Shark Tank Update: A Journey of Innovation and Success
