Bouquet Bar Shark Tank Update |What happened to Bouquet Bar after the Shark Tank Pitch?

What was Bouquet Bar?

Bouquet Bar is a company that offers customers the ability to create custom gift boxes or choose from pre-designed options.

Customers can select items such as roses, chocolates, candles, or succulent plants to be included in the box, which is then sent to the recipient.

The boxes range in price from $52 to $160 and can be tailored for various occasions such as expressing affection, congratulations, encouragement, or condolences, with options for boxes containing 2-6 items, including a premium bouquet of flowers.

Who is the Founder of Bouquet Bar?

In early 2017, Alex Amidi, David Yusuf, and Sal Aziz established Bouquet Bar, a giving platform.

Prior to this, the first two had launched a floral design business called Square Root Designs.

The idea for Bouquet Bar came from observing many of their clients desire unique gifts for their loved ones.

By 2018, the company had formed partnerships with major corporations such as Google, Facebook, First Republic Bank, Oracle, and the Four Seasons Hotel.

Additionally, they had also introduced their own line of chocolates, dummies, face creams, and nuts.

What happened to Bouquet Bar at the Shark Tank Pitch?

On Shark Tank season 9 episode 19, David, Sal, and Alex pitch their company to the Sharks, seeking $150,000 in exchange for a 10% stake, which values the company at $1.5 million.

They present high-quality sample boxes and reveal that they can personalize them.

The Sharks inquire about their figures and learn that the company has made $100,000 in four months but is not yet profitable.

The three have invested $600,000 of their own money in the business, with half of it going towards product development.

They also mention having a 3,200 square foot facility and $3,000 worth of merchandise that could generate over $1.2 million in sales.

However, Lori, Sarah, and Daymond decide not to invest due to lack of differentiation and high costs, but Mark offers $150,000 for 20% stake and the offer is accepted.

Bouquet Bar after the Shark Tank Pitch

The company shut down in December 2019, however Alex and David are still working at Square Root Designs. Sal is still employed at his digital agency, Adaptive Media.

Bouquet Bar Net worth

On Shark Tank season 9 episode 19, David, Sal, and Alex sought $150,000 for a 10% stake in their company, valuing it at $1.5 million.

They ultimately accepted an offer from Mark of $150,000 for a 20% stake, reducing the valuation of the company to $750,000.

Bouquet Bar Competitors

Alternatives and rivals to Bouquet Bar include GiftStarter, Giftworthy, and Snappy Gifts.

Bouquet Bar FAQS

What was Bouquet Bar?

Bouquet Bar is a firm that allows consumers to create their own gift boxes or choose from one of their pre-designed boxes.

They select what they want to include online (roses, chocolates, candles, or succulent plants), and Bouquet Bar sends the gift box to the recipient.

The Bouquet Bar allows its customers to personalize their present box and its contents.

Who was the founder of Bouquet Bar?

Alex Amidi, David Yusuf, and Sal Aziz created Bouquet Bar in early 2017. The first two previously launched a floral design business called Square Root Designs.

What happened to Bouquet Bar Shark Tank?

Bouquet Bar was unable to reach an agreement with Mark Cuban. The firm, which formerly had a large social media following, has been inactive since May 2019, and the Bouquet Bar website has been deactivated.

How much was they seeking in the Sharks?

The Bouquet Bar wanted $150,000 for 10% equity.

Did they get the deal from the Shark?

Mark Cuban offered $150,000 for a 20% stake in the company.

Is Bouquet Bar still in business?

No. Bouquet Bar closed down in December of 2019.

Where was Bouquet Bar located?

Bouquet Bar was based in Irvine, California, United States.

When was Bouquet Bar founded?

It was founded in the year 2016.

How much was Bouquet Bar to purchase?

A little package was selling for $50. The medium package was selling for $75. A big package was selling for $155 dollars.

What episode of Shark Tank was Bouquet Bar featured?

The episode was season 9 episode 19.

Where are the owners of Bouquet Bar now?

Alex and David’s work at Square Root Designs continues. Sal is still working at his internet agency, Adaptive Media.

What is the website for Bouquet Bar?

No website exists for this company anymore.

How can they contact Bouquet Bar?

They are no longer in business.

When was Bouquet Bar featured on Shark Tank?

The Bouquet Bar was featured on Shark Tank on January 21st, 2018.

Was Bouquet Bar profitable?

No. The company closed down in December of 2019.

What is net worth of David Yusuf?

David Yusuf’s net worth is unavailable.

What is net worth of Alex Amidi?

Alex Amidi’s net worth is unavailable.