Addison’s Wonderland Shark Tank Net Worth 2023
The valuation of Addison’s Wonderland company was $450,000 when they presented their business plan, and this valuation remained the same after the pitch. Since then, the company has been operating and generating annual revenue of $1 million as of January 2022. This
increase in revenue justifies the fact that the company’s net worth has risen.
What is Addison’s Wonderland?Who is the founder of Addison’s Wonderland?
Addison’s Wonderland is a company that specializes in personalized bedspreads for children. Founded in 2011 by Brittany Addison-Prescott, who is the owner and designer, the company is known for its high-quality and luxurious bedding.
In addition to running the company, Brittany also provides yoga, meditation, and spiritual guidance.
Describing herself as an “inner-strength trainer,” Brittany aims to empower her students and community to take control of their lives and reach their full potential.
Addison’s Wonderland is based just outside of Atlanta, Georgia and offers full-service interior design services to help customers create their dream home.
Anderson, a former teacher and close friend of McWhorter, joined the company in 2011 to handle branding and marketing.
Addison’s Wonderland offers a range of products, including window coverings, headboards, baby goods, and accessories, in addition to their signature personalized bedspreads.
Customers can purchase individual pieces to complement their existing decor or a full set for a complete design.
The bedspreads are available in a variety of themes, including Wonderland, Sweet Pea, Mariposa, and Boho Chic, and can be customized with a name or personalized quote. The patterns are colorful and playful, with a touch of whimsy and charm that is sure to delight young girls.
Addison’s Wonderland Shark Tank Pitch
Addison’s Wonderland is a company that produces high-end bedding and decor for young girls’ bedrooms.
During their appearance on Shark Tank in Episode 416, Brittany McWhorter Hayes, the company’s founder, and Brooke Anderson Bryant, the Vice President, pitched their business to the Sharks, hoping to secure an investment of $90,000 in exchange for a 20% stake in the company valued at $450,000.
The Sharks raised concerns about the company’s high price point, with Lori Greiner advising the founders to lower the cost to appeal to a wider audience.
However, the women were confident in their brand and understood the challenges they faced. In the end, only Mark Cuban saw potential in the company, but ultimately decided not to invest due to the low return on his investment.
Despite not securing an investment from the Sharks, Addison’s Wonderland benefited from the “Shark Tank effect,” which resulted in increased website traffic and national recognition, leading to even greater sales.
Although the company closed in 2014, Hayes continued to blog on the Addison’s website while on leave and completed the interior design for HGTV’s Dream Home Giveaway in 2019.
The website has evolved into a lifestyle and fashion platform, offering women’s and children’s clothing, cushions, carpets, lights, kitchen accessories, and other items.
In February 2019, Hayes launched a physical store in Monroe, Georgia, and the company is still in business with an annual income of $1 million as of January 2022.
Net Worth of Addison’s Wonderland
The company valuation was $450,000 during and after the pitch. Since then the company have been operating with annual revenue of $1 million as of January 2022. This justify that the company net worth has elevate.
Addison’s Wonderland FAQs
What is Addison’s Wonderland?
Addison’s Wonderland is a brand of bedding and décor that is dedicated to girls between 0-8 years.
Who is the founder?
Addison’s Wonderland was founded by Brittany Addison-Prescott and Brooke Anderson.
How much were they asking on Shark Tank?
They were asking for $90,000 investment in exchange for 20 percent of their business, which was worth $450,000.
Did they have the deal?
No, they did not.
Is Addison’s Wonderland still in business?
Yes, they are still in business, with annual income of $1 million as of January 2022.
Where is the location of Addison’s Wonderland?
Addison’s Wonderland is a business located in Monroe, Georgia.
What are Addison’s Wonderland products?
Addison’s Wonderland has bedding for young girls, bedroom décor, cushions, decorative pillows, wall art and kitchen accessories.
How much was the revenue Addison’s Wonderland?
The revenue was $1 million as of January 2022.
Is there Addison’s Wonderland store?
Addison’s Wonderland sells its products through their website and a physical store in Monroe, Georgia. The products can be shipped anywhere in the world.
When was Addison’s Wonderland established?
Addison’s Wonderland was established in 2011.
What are the Addison’s Wonderland contact details?
Customers can contact Addison’s Wonderland on email at [email protected]
Is Addison’s Wonderland shipping?
YES! Addison’s Wonderland ships worldwide. Their products are available on their website.
What is Addison’s Wonderland shipping cost?
Shipping is free and orders are delivered within the next 2 to 5 business days.
What is return policy of Addison’s Wonderland?
Customers can return items within 14 days of purchase.
How do I pay for Addison’s Wonderland?
Customers can pay using MasterCard, Visa or American Express.
Are Addison’s Wonderland prices fixed?
Yes, prices are fixed and not negotiable.
What is Addison’s Wonderland business model?
Addison’s Wonderland is a high-end online retailer of bedding products for girls between 0 – 8 years. Addison’s Wonderland was founded by Brittany Addison-Prescott and Brooke Anderson in 2011 to fill the need for high-quality bedding at affordable price points for young girls’ ages 0 – 8.
What is the net worth of Brittany Addison?
Brittany Addison has an estimate net worth of $2 million.
