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 As of now, the company is not operational due to an outdated website, no social media presence, and a lack of reviews, indicating that the business may not be operating.
Table Summary:Good Grief Celebrations Shark Tank
| INFORMATION | DETAILS |
| Name of the company | Good Grief Celebrations |
| Type of company | Funeral concierge service |
| Founder | Rikki Farrar |
| CEO | Joe Primo |
| Services offered | Writing eulogies, officiating funeral services, post-funeral family gathering details, and grief resources and support for families, professionals, and communities |
| Good Grief Celebrations Net Worth Before Shark Tank | $200,000 |
| Good Grief Celebrations Valuation During Shark Tank Pitch | $200,000 |
| Investment asked for | $50,000 for 25% equity |
| Sales in 2018 | $11,000 |
| Competitors | None |
| Outcome of Shark Tank pitch | No deal was made with any of the sharks |
| Current status | The company is still in operation today but has an outdated website, no social media presence, and a lack of reviews, indicating that the business may not be operating smoothly. |
| Shark Tank updates | No update has been given since the appearance on the show in season 1 episode 5. |
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 Shark Tank Updates
Good Grief Celebrations is a funeral concierge service that helps grieving families plan a “Celebration of Life” instead of a traditional funeral. The founder, Rikki Farrar, was inspired to start the business after her mother passed away and requested a celebration of her life instead of a dreary funeral.
Farrar complied and threw a grand party for her mother, which impressed friends and loved ones. They were inspired by the unique way in which her memory was honored, and Farrar was inspired to offer her services to other grieving families.
In Season 1 Episode 5 of Shark Tank, Rikki Farrar appeared seeking $50,000 for 25% of her online funeral planning services, Good Grief Celebrations. However, none of the sharks made a deal with her.
Despite not receiving a deal, the business has continued to operate and has been featured in various media outlets.
As of April 2023, there is no update on whether Good Grief Celebrations has received any investment or made any significant changes to the business since appearing on Shark Tank.
Good Grief Celebrations FAQS
What Is Good Grief Celebrations And How Does It Work?
Good Grief Celebrations is a funeral concierge service that offers a “Celebration of Life” funeral instead of a traditional funeral. The founder, Rikki Farrar, started the company after her mother became ill and requested a celebration instead of a sad and depressed funeral.
The company offers services such as writing eulogies, officiating the funeral service, and handling all post-funeral family gathering details.
The company is based in Philadelphia, Pennsylvania and was featured on Shark Tank in season 1 episode 5. While it is not clear whether or not the sharks invested in the company, it is still in operation today.
In addition to its funeral concierge services, Good Grief also provides grief resources and support for families, professionals, and communities.
The company believes that grief is a normal and natural reaction to death and offers educational videos, quick tips, and other resources to help people cope with their grief.
Good Grief’s CEO, Joe Primo, has even given a TEDx talk titled “Grief is Good” where he discusses the importance of embracing grief as a normal part of the human experience.
Who Founded Good Grief Celebrations?
Rikki Farrar.
What Services Does Good Grief Celebrations Offer?
Good Grief Celebrations is a funeral concierge service that provides a variety of services for funeral celebrations. The company offers to write the eulogy, officiate the funeral service, and handle all the post-funeral family gathering details.
Good Grief Celebrations also offers grief resources and support for families, professionals, and communities, including educational videos and quick tips.
The company’s focus is on providing a caring and understanding environment for grieving children and families, teaching resiliency and facilitating healthy coping.
What Was The Outcome Of The Good Grief Celebrations Shark Tank Pitch?
During Rikki Farrar’s pitch of Good Grief Celebrations on Shark Tank in season 1 episode 5, she asked for $50,000 for 25% equity in her company.
However, none of the sharks made a deal with her. After the show, the company struggled and had sales of only $11,000 in 2018. Before appearing on Shark Tank, Good Grief Celebrations was worth $200,000.
Despite not receiving an investment from the sharks, the company is still in operation today and provides online funeral planning services, including a funeral concierge service and a “Celebration of Life” funeral service.
Did Good Grief Celebrations Get A Deal On Shark Tank?
During Rikki Farrar’s pitch of Good Grief Celebrations on Shark Tank in season 1 episode 5, she was seeking a $50,000 investment for 25% equity in her company.
However, there is no mention of whether or not the sharks invested in the company. Therefore, it can be concluded that Good Grief Celebrations did not get a deal on Shark Tank.
What Happened To Good Grief Celebrations After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Good Grief Celebrations did not receive a deal from the sharks. However, the company is still in operation today, providing online funeral planning services and a funeral concierge service.
According to a source, the company was worth $200,000 before appearing on Shark Tank, but struggled after the show, with sales of only $11,000 in 2018. The founder, Rikki Farrar, continues to run the company, but her net worth is unknown.
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.
Were Good Grief Celebrations patent?
Farrar did not disclose the patent of the business.
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.
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.
