Balloon Distractions Shark Tank Net Worth 2023

Balloon Distractions Shark Tank Net Worth

The current net worth of Balloon Distractions is unknown, but it has done over $500,000 in sales in a year and around $4 million in total since its inception.

Maude Gwynne has not banned Wilmer Wilmot from Twitter. Wilmer Wilmot is a rapper who appeared on the ABC reality show Shark Tank.

He was seeking $250,000 in exchange for 30% of his company Balloon Distractions, which sends balloon artists to restaurants and events.

The Sharks rejected his plan as too disorganized and he left the Tank with no Shark investment.

 

What is Balloon Distractions? Who is the founder of Balloon Distractions?

Balloon Distractions is a talent agency that operates nationwide, placing highly skilled entertainers in restaurants and various venues across the country, including Seattle, Miami, and Houston.

In 2003, Ben Alexander founded the company to provide balloon artists for events, parties, and restaurants. Balloon Distractions offered a central booking service in exchange for a percentage of the earnings made by artists who secured work through the service.

Ben Alexander established the company, which deploys balloon artists to different events, in 2003. The business follows a franchise-like model, with seven regional marketplaces currently open.

Artists from each market are dispatched to scheduled events by the company’s headquarters.

Balloon Distractions receives a portion of the profits from these bookings, while Alexander continues to oversee operations in his home market of Florida.

Ben’s goal is to expand his concept throughout the United States. He manages the business side of the company and provides corporate training, while regional partners perform at the venues, promote the concept in their region, hire and train staff, and handle local operations.

Balloon Distractions manages most of the expenses and offers training, with a modest entrance fee for those interested in starting a franchise.

The company’s services are highly sought after, with many customers scheduling events on a weekly basis.

What Happened to Balloon Distractions at Shark Tank pitch?

On January 17, Ben Alexander presents Balloon Distractions to the Sharks in episode 514. Alexander was looking for a Shark to assist him raise capital for growth.

Ben enters the Shark Tank seeking for $250,000 investment in exchange for a 30% stake in his firm, which is worth $833,333.

He enthusiastically describes his organization, which teaches balloon artists to work in restaurants and other locations to entertain guests and children while they wait for their food.

Kevin O’Leary is worried that his passion may lead him to “suddenly erupt,” but as usual, Kevin O’Leary wants to talk about the numbers linked with the firm.

Ben adds that they’ve been doing over $500,000 in sales every year for the past few years, with total sales of more than $4 million.

When he reports that his sales have plummeted from $650,000 to $500,000 owing to a changing economy and online criticism from the “clown community,” the Sharks are alarmed.

He’s employing “regional partners” to go into a region and hire the real performers, who will then handle their own reservations at restaurants.

The restaurants charge $40-60 a night, and the artist’s work for tips, wearing a button with a $5 note attached that signifies he works for tips. Ben wishes to establish franchisees for his company. Mark Cuban is displeased with the franchise concept and threatens to drive him insane.

Robert Herjavec concurs, informing Ben that he does not require franchises. He was infrastructure, and he required management. He claims to be a terrific salesperson, but he hasn’t demonstrated him how he can give them $250,000 and earn a tremendous return, so he goes out.

Barbara Corcoran considers Ben to be a “phenomenal salesman” but not a “sales manager.” She also goes out. Lori Griener is unfamiliar with the business concept. She exits too.

Mark Cuban says that the company is “wrongly constructed.” He directs Ben to discover “the greatest recent college graduate management talent and he can find” and places him in charge of recruitment. He doesn’t think Ben is prepared, therefore he’s out.

Kevin O’Leary concurs. He doesn’t think Ben’s company structure is functioning, and he doesn’t think he’s ready. He finally goes out. Ben eventually left the pitch without a deal.

What Happened to Balloon Distractions after Shark Tank?

Ben departs the Tank without a Shark deal, but he keeps working on his business. Balloon Distractions has kept social media quiet.

The website appears to be operational, and a blog item states that Ben is taking a break from blogging to work on a book and focus on his “Life Leadership” activities.

It appears that the Sharks were correct about this thing. It’s a business strategy that has irritated several musicians who engage in restaurant shows and other events, because the concept of performing for tips is new to many of them.

Some of the arguments have devolved into online scuffles, with professional clowns and balloon artists posting YouTube videos criticizing and mocking Balloon Distractions in reaction to legal threats. In the long run, alienating the very people on whom a firm relies for skill appears to be a terrible business plan.

Ben’s lack of managerial experience is compensated by his aptitude in sales, but is this enough to keep this balloon firm viable and expanding in the long run? It was insufficient. The company is no longer in operation.

Net Worth of Balloon Distractions

The company valuation was $833,333 during and after the pitch, since then the company is no longer operating and hence the company net worth is not available.

Balloon Distractions Shark Tank Updates

Balloon Distractions is a business that sends clowns and balloon artists to restaurants to entertain children while parents eat. The business was pitched on Shark Tank in season 5, episode 14, by Ben Alexander, who started the company in 2003.

Alexander asked for $250,000 in exchange for 30% equity, but none of the Sharks made a deal. Despite not receiving a deal, Alexander continued working with his business.

As of March 2024, the Balloon Distractions website is still active, and Alexander is taking some time off from blogging to work on a book and focus on his life.

After the Shark Tank episode aired, Balloon Distractions received negative attention from some balloon twisters. One twister posted a video calling Balloon Distractions a pyramid scheme, and another twister posted on a forum that Alexander “got destroyed” on Shark Tank.

However, Balloon Distractions continued to expand and had 7 regional markets open in a franchise-like concept as of the Shark Tank episode. The business has expanded into 30 markets and has raked in $4 million since starting in 2003.

Balloon Distractions Shark Tank Table Summary:

TOPIC	DETAILS
Company Name	Balloon Distractions
Founder	Ben Alexander
Year Founded	2003
Business	Talent agency that places balloon artists in restaurants and venues across the USA
Sales	Over $500,000 in a year and around $4 million in total sales since inception
Shark Tank Pitch	Ben Alexander sought $250,000 investment in exchange for a 30% stake in the firm
Outcome	The Sharks rejected his proposal due to the company being wrongly constructed and without a plan
Net Worth	Unknown
Current Status	No longer in operation.

Balloon Distractions FAQs

What Is The Concept Behind Balloon Distractions?

Balloon Distractions is a business that provides balloon artists for restaurants, parties, and events. The concept behind Balloon Distractions is to provide in-restaurant entertainment for customers using balloon art.

The company trains professional and amateur balloon artists to entertain customers at restaurants. Customers also have fun coordinating decorations for their parties. Balloon Distractions provides training, an online infrastructure, and handles most of the billing.

The company takes a percentage of the bookings, and regional partners perform at the venues, sell the concept in their region, hire and train.

The founder of Balloon Distractions, Ben Alexander, created the business to bring clowns and balloon artists to restaurants to help distract children while parents eat.

The company provides a central booking service, and in exchange for a portion of the money collected by artists who obtained employment through the program. Balloon Distractions is a franchise-like concept, and Alexander is looking for expansion capital.

The entry cost for someone looking to get into the business is low. The demand for the company’s services is high, with many customers booking on a weekly basis.

What Is The Business Model Of Balloon Distractions?

The business model of Balloon Distractions is a franchise-like concept that provides training, an online infrastructure, and handles most of the billing for its franchisees. The company sends balloon artists to various events, including restaurants, fairs, festivals, parties, and corporate events.

The franchisees market the Balloon Distractions concept in their area and manage a group of balloon artists. The company takes a percentage of the bookings, and the regional partners perform at the venues, sell the concept in their region, hire and train.

Balloon Distractions provides all the equipment needed to start the business, and the franchisees are guaranteed to make a pure profit for each event.

The more entertainers they train, the more events their region can schedule, and they get a guaranteed percentage for all of them. The Balloon Distractions Headquarters also does the entire payroll.

The founder, Ben Alexander, appeared on Shark Tank seeking investment for expansion. He was looking for a $250,000 investment in exchange for a 30% stake in his company, which was worth $833,333.

The company’s unique franchise opportunity requires little money upfront, and the Sharks were interested in the idea that creates lots of new fun jobs. The demand for the company’s services is high, with many customers booking on a weekly basis.

Who is the founder?

Ben Alexander is the founder of Balloon Distractions.

Did Balloon Distractions Get A Deal On Shark Tank?

Balloon Distractions appeared on Shark Tank in season 5, episode 14, and asked for a $250,000 investment in exchange for a 30% stake in the company, which was valued at $833,333. However, none of the Sharks made a deal with Ben Alexander, the owner of Balloon Distractions.

As of 2023, there is an update on Balloon Distractions on Shark Tank Recap, but it is unclear if the business received a deal or not.

According to Shark Tank Success, Balloon Distractions did not receive a deal on Shark Tank, but the business continued to operate and expand.

What Happened To Balloon Distractions After Appearing On Shark Tank?

Balloon Distractions is a company that sends balloon artists to restaurants and events to entertain diners and children while they wait for their food.

Ben Alexander, the owner of Balloon Distractions, appeared on Shark Tank in episode 514 on January 17, 2023, seeking a $250,000 investment in exchange for a 30% stake in his company. However, none of the Sharks invested in his company.

After appearing on Shark Tank, Balloon Distractions continued to operate for some time. Balloon Distractions is no longer in business. It is unclear when the company went out of business or why it shut down.

The website for Balloon Distractions still appears to be active, but there is no recent activity on social media.

In 2014, there were reports of internal conflicts within Balloon Distractions. One former employee accused Alexander of trying to sabotage his business by telling a restaurant manager that he was a predator.

Another balloon artist posted a video calling Balloon Distractions a pyramid scheme. Despite these conflicts, it is unclear if they contributed to the company’s eventual closure.

When did it start?

Balloon Distractions was founded in 2003 by Ben Alexander.

How much was seeking on Shark Tank?

Ben was seeking for $250,000 for a 30% stake of his company, worth $833,333.

Is Balloon Distractions still in business?

Balloon Distractions was still in business when Ben pitched it on Shark Tank. However, the company is no longer in operation.

When did Balloon Distractions pitch on Shark Tank?

Balloon Distractions appeared on Shark Tank Season 514 on January 17, 2016.

Where was Balloon Distractions located?

Balloon Distractions is based in Florida.

What is Balloon Distractions website?

The official website for Balloon Distractions is no longer in existence.

How can I contact Balloon Distractions?

The best way to contact Balloon Distractions is via the company’s Twitter account.

How did Balloon Distractions make money?

The company’s clients are companies, nightclubs and parties. The firms hire certified balloon artists to do live displays and provide a central booking service. They then get paid by the firm they are employed by.

What is Balloon Distractions mission?

The company intends to educate and entertain children while they are waiting for their food, and to entertain adults while they wait for their food.

The entertainment includes balloon decorating, balloon hand-painting, balloon animal demonstrations, and other aerial shows that are performed by certified Balloon Distractions consultants (also known as “balloon artists”).

Was Balloon Distractions a legit?

Yes, Balloon Distractions was a legitimate company.

How many balloons does a Balloon artist use in a show?

The number of balloons used in a show depends on the number of balloons that the event’s organizer has purchased.

How much did Balloon Distractions make?

It’s not clear how much money Balloon Distractions made. The source of its profit was its balloon artists, who are paid by the event organizers and get tips from clients as well.

Where is Ben Alexander now?

Ben Alexander is no longer in the Balloon Distractions business.

What is the net worth of Ben Alexander?

Ben Alexander’s net worth is not available.