BeerMKR Shark Tank Pitch/ BeerMKR after Shark Tank Pitch
What is BeerMKR?
The BeerMKR is a beer brewing machine that produces high-quality beer in just 12 days.
This firm also provides a subscription service that distributes the freshest ingredients straight to the customer’s home for beer aficionados who wish to taste different sorts of brews.
Following that, an instruction booklet takes the BeerMKR user through the process of mixing and inserting the ingredients into the brewer.
The BeerMKR was created by Aaron Walls and Brett Vegas. This one-of-a-kind home-brewing system allows its user to make wonderful beer from high-quality, natural ingredients.
Aaron began home brewing in college, when he met his future business partner, Brett.
They collaborated to develop the recipes and added two engineering students to their team: Matt Goff and Evgeniy Tkachenko.
The software that automatically warms and cools the beer during the fermentation process is the fundamental component of BeerMKR.
All of the ingredients are pre-measured and packed, and the machine does the rest.
The BeerMKR is roughly the size of a microwave and costs $579, which includes a tap for holding your beer.
Extra taps cost $119, while MKRkits (the actual brewing components) are $59 for a four-pack and $89 for a six-pack. Each kit yields the equivalent of 12 beer bottles or cans.
Who Founded BeerMKR?
Aaron Walls and Brett Vegas are founders of BeerMKR.
What happen to BeerMKR at the Shark Tank Pitch?
Back in October of 2018, they launched a successful Kickstarter campaign that raised $398,276.
They encountered several shipping and production challenges, but they were able to send their final items in December 2020.
The global Covid-19 outbreak compounded their production and shipping issues, as it did for many other enterprises.
Aaron and Brett join the Tank wanting $500,000 for a 2% stake in their company. This implies a valuation of $25 million.
They make their case, and the Sharks try some of the beer. They like it, but not the $25 million price, especially since the BeerMKR people have only sold 24 units.
To be fair to the Beer MKR team, the Covid-19 epidemic delayed manufacturing by 9 months.
Barbara Corcoran was the first to withdraw her support. She observed that the arrangement was like to asking the sharks to “believe in the fairy godmother.”
Lori Greiner like the beer’s flavour but was disappointed that it hadn’t yet reached consumers’ hands.
Mark Cuban stated that Aaron and Brett were on the correct track, but that the firm would struggle to produce enough money to provide a significant return on his investment.
Alex Rodriguez, who objected to the amount of money the two were requesting.
Kevin makes a proposal. He offers a $500,000 loan at 9% interest in exchange for 4% of the firm. The boys come back with 2%. Kevin falls somewhere in the middle, at 3%.
Mr. Wonderful offer is rejected by Aaron and Brett, and in the end, Vegas and Walls are unsatisfied with the debt aspect of the transaction and opt to walk away.
BeerMKR after Shark Tank Pitch
On the day their Shark Tank episode aired, the lads launched a crowdfunding campaign for Start Engine. They’ve raised $335,883 as of July 2021. The revenue for the year is $3 million.
BeerMKR Net Worth
Aaron and Brett join the Tank seeking $500,000 for a 2% stake in their company. This implies a valuation of $25 million
BeerMKR Competitors
BeerMKR and competitors includes;
Noble Brewer, PintPass and Eliqs.
BeerMKR FAQS
How much is BeerMKR worth?
Despite the fact that they left without an agreement, Vegas and Walls remain confident in their $25 million valuation of BeerMKR.
BeerMKR produces how much beer?
It yields a dozen 12-ounce bottles.
What became of BeerMKR?
BeerMKR is currently based in Boulder, Colorado, where it can thrive in the craft-startup environment.
Following their debut at the Great American Beer Festival in Denver, the BeerMKR team started a Kickstarter campaign in September 2018 to raise much-needed cash.
How does BeerMKR function?
BeerMKR offers a closed, insulated environment that allows for perfect temperature control throughout the brewing process.
BEERMKR activates all of the enzymes found in grains during brewing to break down carbohydrate and protein while also achieving system-wide pasteurization.
How much does a BeerMKR cost?
The asking price for a BeerMKR is about $499. It includes a tap for holding your beer.
Extra taps cost $119, while the MKRkits (the actual brewing components) are $59 for a four-pack and $89 for a six-pack. Each kit yields the equivalent of 12 beer bottles or cans.
How much does it cost to ship BeerMKR?
BeerMKR offers free shipping to all 50 United States and Puerto Rico.
How BeerMKR does makes money?
BeerMKR makes money by selling BeerMKR and MKRkits
What is BeerMKR revenue?
BeerMKR revenue is $3 million for the year.
How much did BeerMKR make at Shark Tank?
They didn’t get a deal on the show, but that doesn’t mean they’re out of options.
They still want to ship their product and get it into stores. Their Kickstarter campaign had 912 backers who pledged $398,276.
How much does a BeerMKR weigh?
BeerMKR weighs roughly 110 pounds.
How did they make their BeerMKR?
They developed the recipes and added two engineering students to their team.
The software that automatically warms and cools the beer during the fermentation process is the fundamental component of BeerMKR.
All of the ingredients are pre-measured and packed, and then machine does the rest.
Why beer?
Beer is known as the staff of life. It provides sustenance for humans to fulfil their daily needs.
It is also a fuel source for humans to survive, especially in harsh winter conditions.
Much like their ancestors before us, beer was also used as a form of currency back in ancient times and in primitive societies today in order to facilitate trade and barter transactions.
Who founded BeerMKR?
BeerMKR was founded by 2 friends who wanted to challenge the way they thought about home-brew. Aaron Walls and Brett Vegas are the co-founders of BeerMKR.
Where is BeerMKR based?
BeerMKR is currently based in Boulder, Colorado.
What is BeerMKR Shark Tank update?
BeerMKR has burst into the scene since we filmed our Shark Tank episode. They’ve sold and shipped thousands of BeerMKR units in less than a year.
Many MKRKITs have been sold. And as of this week, BeerMKR has made over 100,000 beers.
What is Aaron Walls net worth?
Aaron Walls net worth is $30 Million.
What is Brett Vegas net worth?
Brett Vegas net worth is $20 Million.
Currently there is no update on his net worth.
