Good Grief Celebrations Net Worth
Good Grief Celebrations was worth $200,000 before appearing on Shark Tank. The company provides online funeral planning services. After the show, the business struggled and had sales of only $11,000 in 2018.
What is Good Grief Celebration and Who Founded Good Grief Celebrations?
Good Grief Celebrations is a company that offers funeral concierge services to help grieving families during the loss of a loved one.
The company provides services such as a DJ booth and open bar, composes eulogies, performs the service, and coordinates family gatherings after the burial ceremony to ease the stress associated with planning and transform the mourning into a celebration.
Rikki Farrar founded Good Grief Celebrations in memory of her mother, who wished to have her life commemorated after her passing. Farrar is the Director of Marketing for The Cake Doctor and also serves as the General Manager of Good Grief Celebrations.
Good Grief Celebrations Shark Tank Pitch
During the pitch, Farrar offered 25% of her company in exchange for a $50,000 investment, valuing her business at $200,000.
She shared her business concept, which highlighted the option of “celebration of life” over a traditional burial, referencing famous personalities such as Michael Jackson, Bernie Mac, and Richard Prior.
However, when Robert Herjavec asked about sales, Farrar disclosed that the company only made $11,000 in sales over the past year, which disappointed the Sharks.
Kevin O’Leary expressed interest in the business but received criticism for his insensitivity towards the topic. He raised concerns about how the company would compete with established funeral homes, which currently provide similar services.
Farrar described her sales approach, which included visiting hospices and elderly homes with a therapy dog, but Robert Herjavec was taken aback by her methods.
Ultimately, none of the Sharks made a deal with Good Grief Celebrations. As of now, the company is not operational due to an outdated website, no social media presence, and a lack of reviews, indicating that the business may not be operating.
Good Grief Celebrations Net Worth
Farrar approaches the Shark Tank with a business idea. She is providing 25% of her firm in exchange for a small $50,000 investment. This indicates a value of $200,000.
Good Grief Celebrations Competitors
There is no Competitors
Good Grief Celebrations FAQS
What exactly is Good Grief Celebrations?
Good Grief Celebrations provides funeral concierge services. When families are grieving the loss of a loved one, it provides a DJ booth and an open bar.
Additionally, they compose the eulogy, perform the service, and coordinate family gatherings following the burial ceremony, assisting grieving families in alleviating stress associated with the loss of a loved one and event planning issues.
How were they making money?
According to Farrar, make money by offering their merchandise services to the grief family.
What is their expansion plans?
Out of business.
Is Good Grief Celebrations a good business?
The firm is unprofitable.
Who Founded Good Grief Celebrations?
Were Good Grief Celebrations patent?
Farrar did not disclose the patent of the business.
What happen to Good Grief Celebrations at the Shark Tank Pitch?
Rikki Farrar enters Shark Tank in season 1 episode 5, looking for investment in her company of $50,000 for 25% ownership but she ended not secure an investment from the Sharks.
Why Farrar don’t secure investment in Shark Tank?
There are reasons that she didn’t secure an investment from the Sharks;
The product is not well known. Roberts Herjavec, Daymond John and Kevin O’Leary reject because of unprofitable festive firm since. She has no prove to show the profit margin.
What were the weaknesses of Good Grief Celebrations?
Her product is not well known. It’s unprofitable. She doesn’t have any proof to show the profit margin
What were the strengths of Good Grief Celebrations?
The strength of the firm is that it gives funeral services to the people who have a low budget.
Is Good Grief Celebrations still in business?
No, it is out of business.
What services were they offering?
They compose the eulogy, perform the service, and coordinate family gatherings following the burial ceremony, assisting grieving families in alleviating stress associated with the loss of a loved one and event planning issues, therefore transforming their mourning into a celebration.
Where was the business located?
Farrar runs her business out of Philadelphia, Pennsylvania
What was the revenue of Good Grief Celebrations?
Rikki Farrar did not reveal how much money she made from her business but she did say that it is an $11,000 sales in the last year.
What was the net worth of Good Grief Celebrations?
The net worth of Good Grief Celebrations was at the Shark Tank $200,000.