Alice’s Table Shank Tank Net Worth | What Happened After Shark Tank Pitch?
What is Alice’s Table?
Alice’s Table is a company that specializes in providing online events aimed at teaching creative methods of entertaining. These events include flower arrangement and charcuterie board making, among others.
The company provides all the necessary materials for each session, and participants can watch them on their own or as part of larger events, such as bachelorette parties or bridal showers.
The company’s “Event Executives,” or flower-arranging hostesses, receive training and gain lifelong access to a unique event management platform for a fee of $699.
They also receive all the materials needed for a 20-person event and earn a commission of 70% on ticket sales, minus the cost of flowers and supplies, which usually averages around $22 per person.
Apart from private events, Alice’s Table also organizes public events in pubs, retail stores, and other locations. Tickets for these events can be purchased on their website at a cost of $65 per person.
Alice appears on Shark Tank season 9 episode 17 in search of $250,000 in exchange for 6.5 percent of her company. This equates to a $4 million valuation.
She accepted an offer from Mark and Sara of $250,000 for a 10% stake valued at $2.5 million.
Who is the Founder of Alice’s Table?
The founder and CEO of Alice’s Table is Alice Rossiter Lewis, who has a background in art, business, and innovation.
Prior to founding the company in 2015, she worked as an adviser for an architectural interior design business and later worked in client interactions, marketing, and media purchasing at an online interior design marketplace. She then went on to work as the Operations Manager at a company that provides mobile apps for museums, attractions, and NGOs.
Lewis had a dream about starting Alice’s Table while in college and combined her floral design skills and business knowledge to create the company.
While the company initially focused on teaching hostesses to hold “paint and sip” style parties, they have since shifted their focus to providing highly tailored online experiences that include all necessary project supplies.
Alice’s Table makes money by providing support services to its Event Executives, including training, payment processing, and marketing assistance. The company is based in Boston but has events in several other cities across the US.
Alice’s Table Shank Tank Summary
|Company Name||Alice’s Table|
|Founders||Alice Rossiter Lewis|
|Product||Lifestyle company offering online events teaching creative entertaining methods such as flower arranging and making charcuterie boards|
|Investment Sought/Asked||$250,000 for 6.5% stake (valuing the company at $4 million)|
|The Final Deal||$250,000 for 10% stake (valuing the company at $2.5 million.|
|The Shark Investor||Mark Cuban and Sara Blakely|
|Episode (Shark Tank USA)||Season 9 Episode 17|
|Date Featured||February 11, 2018|
|Current Business Status||Operating under the 1-800-Flowers brand with yearly revenues of $6 million (as of June 2021)|
|Estimated Lifetime Sales||Unknown|
|Alice’s Table Current Net Worth||Unknown|
What Happened to Alice’s Table At/After Shark Tank Pitch?
During season 9 episode 17 of Shark Tank, Alice pitched her company Alice’s Table to the Sharks and asked for $250,000 in exchange for a 6.5% stake, valuing the company at $4 million. The Sharks were skeptical about the high valuation, but Alice demonstrated her flower-arranging business by inviting them to participate in a class.
Lori was interested in the concept, and Kevin was curious about sales. Alice revealed that they had sold $600,000 worth of tickets and had made over $100,000 in profit in a year. Kevin was shocked by the valuation and offered $250,000 for 25% of the company, but Alice declined.
Mark offered $250,000 for a 10% stake with the opportunity to purchase more ownership in the future. Alice agreed to the offer, and the deal was made.
After the show, Alice signed up over 70 additional hosts, and her business continued to grow. However, during the Covid-19 pandemic, Alice’s business was hit hard, and she pivoted to online experiences.
She partnered with 1-800-Flowers.com to send flowers, and the company is still operating with yearly revenues of $6 million as of June 2021.
Alice’s Table Shank Tank Net Worth
Alice’s Table had a net worth of 2.5 million USD during their appearance on Shark Tank in Season 9 where they received an investment of $250,000 from Mark Cuban and Sarah Blakely for 10% of the business.
As of 2020, Alice’s Table was still operating under the 800-Flowers brand and had expanded its workshops to include classes on arranging gourmet food platters and making pasta.
It iss unclear what their current net worth is.
Additionally, reports that Alice’s Table had a net revenue of about $180,000 under their unique business model.
Alice’s Table Competitors
There is no competitor identified for Alice’s Table.
Alice’s Table FAQS
What is Alice’s Table?
Alice’s Table is a lifestyle company that provides live-streaming events to educate creative entertaining methods such as flower arrangement and creating delicious charcuterie boards.
Who is the founder of Alice’s Table?
Alice Rossiter Lewis is the CEO and owner of Alice’s Table.
How much was she seeking in the Shark Tank?
She was seeking $250,000 for 10% share of Alice’s Table business.
Did she get the deal from the Shark?
Alice’s Table secured an investment from Mark and guest Shark Sara.
How much was the deal?
Mark offered $250,000 for 10% stake plus the opportunity to purchase more ownership in her next round of investments.
Is Alice’s Table still in business?
Sidley advised 1-800-FLOWERS.COM on its purchase of Alice’s Table, a lifestyle company that offers totally digital and highly curated livestreaming floral, culinary, and other unique experiences.
Is Alice’s table acquired?
1-800-FLOWERS.COM acquired Alice’s Table on January 11th, 2022, a lifestyle company that offers totally digital and highly curated streaming floral, culinary and other unique experiences.
What episode was Alice’s Table featured on Shark Tank?
Alice’s Table appeared on episode 17 of season 9.
Where is Alice’s Table located?
Alice’s Table is a proud female-founded firm headquartered in Boston’s innovation district. We’ve been hosting one-of-a-kind events that spark creativity since 2015.
What does Alice’s table do?
Alice’s Table is a new online platform and community that gives women the tools and expertise they need to start their own flexible floral arrangement businesses.
Women may develop their clients by hosting their own flower events and courses through their executive program.
How do the events work?
They teach their pals how to arrange flowers—they bring all of the equipment to the location and teach the lesson.
Is there a minimum number of attendees for an event?
There is no minimum attendance requirement for public events, and they have hosted events for as little as 50 individuals. The typical event had 10 to 15 attendees.
How do they order flowers?
Each Event Exec orders flowers from a local wholesaler or from the wholesaler of their firm. If they are unsure about hiring a wholesaler, they should utilize theirs, which will deliver quality flowers to their door the day before their event.
What is net worth of Alice Rossiter Lewis?
Alice Rossiter Lewis’s net worth is unavailable.
When was Alice’s table founded?
Alice’s Table was founded in 2015.
What is Alice’s Table website?
Their website is www.alicestable.com.