Hire Santa Shark Tank Update| What Happened to Hire Santa after Shark Tank?

What is Hire Santa?

Hire Santa is a company that provides customers with the ability to easily hire professional and insured Santa Claus for various events.

They thoroughly verify the qualifications of each Santa before offering their services, and even examine the authenticity of their beard.

The company, founded by Mitchell Allen, who also holds the position of CEO (Head Elf), offers additional services such as arranging for Santa appearances in advertisements and malls.

Mitchell Allen is also a Partner at Lead Rival and Chairman of the Debt Education and Certification Foundation.

Who is the founder of Hire Santa?

Hire Santa, a directory of professional Santas for hire, was founded by Mitchell Allen in 2012.

Allen, himself a professional Santa, thoroughly vets each Santa on the directory and ensures they have undergone a background check and are insured.

Customers, such as malls, Christmas parades, and private parties, pay a set-up fee to use the service, and there is no cost for Santas to join.

On average, professional Santas earn around $7,000 during the holiday season, with some earning more than $15,000.

The company also sells Santa costumes, accessories, and other holiday-related outfits on its website, generating about $100,000 in revenue annually.

What Happened to Hire Santa at Shark Tank pitch?

Mitch Allen pitches his company Hire Santa, which hires out Santa Claus performers for events, on the Shark Tank Holiday Special in Season 10.

He is seeking $200,000 for a 10% stake in the company, which is valued at $42 million. He brings a group of his Santa performers to the pitch and explains that he made $550,000 in revenue last year.

However, the Sharks are not very interested in the business and Lori and Mark opt out.

Barbara offers $200,000 for 50% equity shares with the option to decrease to 10% once she recoups her investment, which Mitch accepts. The pitch ends with a deal being made.

What Happened to Hire Santa after Shark Tank?

The company “Hire Santa” has gained success after appearing on the show “Shark Tank”.

They have signed many clients and are working with other Shark Tank alumni to bring the season to life in new and creative ways.

In the latest episode, the company’s leaders, Mitch and Barbara, meet with a Bloomingdale’s executive to finalize a deal and oversee Santa auditions.

Thanks to Barbara’s funding, they have recruited marketing personnel and partnered with Great Wolf Lodge and others.

In 2020, they adapted to the pandemic by offering Zoom visits and pre-recorded messages as a way to preserve their service.

The company is still in operation in 2021, and the Santas are looking forward to working for Christmas 2021.

Competitors of Hire Santa

The company faces competition from several other firms in the market, including Santa Speaking, rokokomedia.com, R.T. Clown, Santa Claus, Warble Entertainment Agency, Perfect Parties USA, and Actors Access.

Net Worth of Hire Santa

The company’s value was $2 million during the pitch, but after Barbara’s investment, it dropped to $400,000.

However, since then, the company has been successfully selling its product, which may have led to an increase in its net worth.

Hire Santa FAQs

What is Hire Santa?

Hire Santa is a company that enables clients to simply find a professional and insured Santa. Before hiring any Santa, they are thoroughly vetted to guarantee that they are, in fact, professionals.

Who is the founder?

Mitch Allen is the founder of Hire Santa.

How much was asking on Shark Tank?

Mitch was asking for $200,000 for 10% stake of his company at valuation of $2 million.

Did he have the deal?

Yes, Mitch and Barbara had a deal.

How much was the deal?

Barbara invested $200,000 for 50% equity shares until she gets her money back, at which point she decreases to 10% equity shares.

Is Hire Santas still in business?

Yes, Hire Santas is still very much in business!

Is Hire Santas safe?

Yes, Hire Santas are extremely safe!

Is Hire Santas successful?

Yes, Hire Santa is definitely successful!

What does Hire Santa do?

Hire Santa allows clients to get a professional and insured Santa for their event or party. This can essentially mean any type of event that involves children.

Is Hire Santa good or bad for kids?

No, it is perfectly safe for kids.

What are the hours?

The average hours allocated to a Santa at one event is between 4 to 8 hours depending on the event which is being held.

How does he make money in his business?

Hire Santa generates revenue by charging their clients to hire their Santas. The company gets paid by their clients and the CEO insists on charging a fee for the service. They always make sure that they deliver a professional Santa that is able to work with children if required.

What is the product?

They sell professional Santa Claus costumes, accessories and many more products to clients before hiring a professional Santa.

How does Hire Santa work?

Hire Santa works by clients contacting Hire Santa to inquire about their availability. The customers choose the appropriate Santas according to their specific event needs or requirements.

For detailed inquiries, clients contact Hire Santa at 855-799-5225!

What is the net worth of Mitch Allen?

Mitch Allen’s net worth has been estimated at $1.5 million.