Bridal Babes Shark Tank Net Worth-What Happened After Shark Tank?
What Is Bridal Babes Shark Tank And Who Founded Bridal Babes Shark Tank?
Bridal Babes is a bridal tech company that creates bold, beautiful, curve-hugging designs for bridesmaids.
The company was founded by Charles and Ashley Young after Ashley had a difficult time finding bridesmaid dresses for her bridesmaids of all shades, shapes, and sizes.
Bridal Babes provides wedding attire for women in bold colors and curvy women of all colors. The company’s objective is to create an inclusive brand that makes everyone in the bridal party feel beautiful.
Charles and Ashley Young appeared on Shark Tank Episode 1405 seeking $250,000 for 10% equity in their company. They pitched their ideas to Sharks Lori Greiner, Mark Cuban, Robert Herjavec, Kevin O’Leary, and guest Shark Emma Grede.
The couple explained how important their business is for weddings and how they are changing the game with their curve-hugging bridesmaids’ dresses. As of December 2022, the company has over $1.4 million in sales for the year.
Bridal Babes was aired on ABC’s Shark Tank on Friday, October 21st, 2022 at 8 PM EST. Charles and Ashley joined their business in Shark Tank with Bridal Babes asking the sharks for $250,000 for a 10% equity at a $2.5 million valuation.
The competition in this category is high but Bridal Babes offers dresses under $200 which is less expensive than other bridal dresses.
What Happened To Bridal Babes At Shark Tank?
Bridal Babes is a company that was founded by Charles and Ashley Young in October 2018. They specialize in creating lines of wedding and bridesmaids dresses for women.
In an episode of Shark Tank USA that aired on October 21, 2022, they requested $250,000 for a 10% equity stake in their company.
Ultimately, they struck a deal with Shark Emma Grede for the same amount of money in exchange for a 20% equity stake.
Bridal Babes appeared on Shark Tank in Season 14 and made a deal with Emma Grede. The company is an online bridal and bridesmaid boutique founded by husband and wife Charles and Ashley Young.
In 2021, Ashley received a $15,000 grant from Capital One for coming in second in their Black Girl Magic Pitch Competition.
As of October 2022, Bridal Babes dresses can be purchased from their official website, with most products falling between the $200 to $300 price range.
What Happened To Bridal Babes After Shark Tank?
According to recent updates, Bridal Babes has been doing well since appearing on Shark Tank. As of December 2022, the company had over $1.4 million in sales for the year.
The company has generated $2 million in lifetime revenue since it launched. Bridal Babes dresses can be purchased from their official website.
Bridal Babes Shark Tank Net Worth
Bridal Babes, founded by Charles and Ashley Young, was featured on Shark Tank America in October 2022.
As of 2023, Charles and Ashley Young have a net worth of $1 Million. They used the funds from the Shark Tank deal to purchase more inventory and plan a move to a fulfillment center in 2023.
The couple asked the sharks for $250,000 for 10% equity in their company, which is the first bridal dress company for multicultural women and women with curves. Emma Grede offered $250,000 for 20% equity and the deal closed.
Since appearing on Shark Tank, Bridal Babes has generated $2 million in lifetime revenue and has an Instagram community of more than 90,000 users. The company averages $14 to manufacture a dress from its classic collection and sells it at a price point of just over $40.
Its luxury collection sells for about $200 but costs about four times less to produce in terms of landed cost.
Are Bridal Babes Still In Business?
Yes, Bridal Babes is still in business as of November 2022. The company designs wedding dresses for brides and bridesmaids, with unique and exclusive designs that match the wedding theme.
Bridal Babes is a bridal tech company that provides wedding attire for women in bold colors and curve-hugging designs. The dresses are not expensive, with most under $300.
Bridal Babes experienced a downturn during the COVID-19 pandemic in 2020 but bounced back. In 2021, the founder received a $15,000 grant from Capital One for coming in second in their Black Girl Magic Pitch Competition.
As of December 2022, the company has over $1.4 million in sales and is expanding its operations from its Calverton, Maryland home with warehousing operations run by Charles Young, a former college football player.