Hire Santa Shark Tank Update| What Happened to Hire Santa after Shark Tank?
What is Hire Santa?
Hire Santa is a firm that allows customers to easily shop for a professional and insured Santa. Before obtaining the services of any Santa, they are extensively verified to ensure that they are, in fact, experts.
Mitchell Allen came up with the idea for Hire Santa. Mitch was a Partner at Lead Rival and Chairman of the Debt Education and Certification Foundation prior to starting Hire Santa (a position he still holds).
Mitch is currently the CEO of Hire Santa (Head Elf) while also running other enterprises.
Their beard is also examined to guarantee its authenticity. The website also offers other similar services, such as arranging for Santa to appear in advertisements or malls to entice buyers owing to his nice personality.
Who is the founder of Hire Santa?
Mitchell Allen founded Hire Santa in 2012. Allen, a professional Santa for Hire, started the company around six years ago. Hire Santa is a directory of professional Santas that customers may utilize when they need a Santa for a special occasion.
Allen thoroughly vets his Santas. Every Santa has a background check and is insured. Clients pay a set-up charge to select the proper Santa, but there is no cost for Santas to join the Hire Santa squad.
Malls, Christmas Parades, Company or Home Parties, and advertising experts are examples of customers. Hire Santa Santas are all professionals with genuine beards.
It’s a profitable business to play Santa. Santas at malls are paid $30-$75 per hour, whereas private events are paid $150-$300 per hour. For appearances on Christmas Day, one Santa charged $500 per hour.
Professional Santas spend an average of $1000 on their outfits, and many attend Santa School. During the holiday season, a competent professional Santa earns roughly $7000, with others earning more than $15,000.
To utilize Hire Santa, you must first complete a form on their website. Then you’re paired with a Santa, who can accept or refuse the job.
Hire Santa and Santa are paid directly by the customer. Santas have been installed all around the world by the firm! In addition to delivering Santa for an event, the firm website sells everything you need to dress up as Santa.
Santa costumes, boots, beards, and accessories are available. Santa’s helpers, Mrs. Santa, reindeer, snowman, and bunny outfits are also available. Allen’s company generates roughly $100,000 in revenue every year.
What Happened to Hire Santa at Shark Tank pitch?
Mitch Allen brings some Christmas happiness to the Tank as he pitches Hire Santa, the 2018 Shark Tank Holiday Special, in episode 7 of Season 10 for Sharks to help him make more holiday money.
Mitch enters the pitch seeking $200,000 for a 10% stake in his company, which is valued at $42 million.
He brings around twenty of his Santas, and the atmosphere is joyous until it’s time to pitch. He informs the Sharks that on $1.2 million in sales, he’ll make around $550,000 this year.
A contract he struck with a “large outdoor shop” accounted for a sizable portion of his revenues. While the Sharks are in the holiday mood, they aren’t really interested in commerce. Lori dislikes the seasons and opts to go out.
Mark isn’t interested in what he perceives to be a staffing firm, therefore he’s out. Barbara claims that it only generates money for a limited time, so she also goes out.
Kevin chooses to make an offer of $200,000 for 50% equity shares, using his “something fantastic platform” database.
Mitch tries to reply, but Kevin seems unmoved. Daymond tries to intervene, but Barbara comes back in and offers $200,000 for 50% equity shares until she gets her money back, at which point she decreases to 10% equity shares.
Mitch agrees, and it appears that Santa will have a Merry Christmas! And ultimately, the pitch ended with a deal.
What Happened to Hire Santa after Shark Tank?
According to the company website, after the episode aired, “Hire Santa has signed numerous significant clients as a result of appearing on the show.” Barbara’s deal was finalized.
The business is also collaborating with other Shark Tank alumni to “help bring the Season to life in new and creative ways.” Santa returns to the Tank for Season 11’s Holiday Special, where we’ll receive an update on the situation.
In the latest episode, Mitch, Barbara, and a swarm of Santas visit Bloomingdale’s in New York. Santas will be provided by the corporation for the main New York location.
Barbara and Mitch meet with a shop executive to “seal the deal,” and then they supervise Santa auditions. Mitch reports $1.4 million in sales in 2018.
Mitch used Barbara’s funding to recruit marketing personnel, and he went out and struck partnerships with Great Wolf Lodge and others. He also compensated Barbara.
Demand for Santa surpassed supply in 2020, since pandemic-related lockdowns eliminated retail Santa displays in most locations. Hire Santa offered a Zoom visit with Santa for $49, which is far less than the standard hourly price Santa asks.
They also provide pre-recorded video messages. Their website indicates that they want to preserve that service, thus they have another cash source!
They are still in business in 2021, and Santas all around the United States are excited to return to work for Christmas 2021.
Competitors of Hire Santa
The company competes with many competitors in the market space. These are; 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 was valued at $2 million during the pitch, after the investment done by Barbara the company valued at $400,000. Since then the company have been selling their product and hece the company net worth might had increased.
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.