Nearly Newlywed Shark Tank Net Worth 2023
Nearly Newlywed is a designer wedding dress rental platform that appeared on Shark Tank in December 2012. The founder, Jacqueline Courtney, asked for $35,000 for 10% of the company but declined an offer from Kevin O’Leary because the percentage was too high.
Despite leaving the show without a deal, Nearly Newlywed has experienced tremendous growth and success. The company has secured additional funding and partnerships, leading to an estimated net worth of $5 million USD as of 2023.
Nearly Newlywed’s annual revenue is $5 million USD. The company has managed to find a partner in Kleinfeld’s Bridal, an upscale wedding supply store in New York. Nearly Newlywed’s founder, Jacqueline Courtney, has a net worth of $6 million USD as of 2023.
In conclusion, Nearly Newlywed’s estimated net worth as of 2023 is $5 million USD.
What Is Nearly Newlywed? Who Is Nearly Newlywed’s Founder?
Nearly Newlywed is an online boutique that specializes in offering designer bridal dresses at discounted prices. Many brides may feel overwhelmed by the high cost of a wedding dress or wish to get more value for their money by choosing a larger gown.
Instead of buying a brand new dress that may only be worn once, Nearly Newlywed provides a service that allows brides to obtain their dream dress for a fraction of the retail price.
The unique aspect of this business model is that Nearly Newlywed does not purchase the dresses themselves. Instead, a bride can visit the website and upload a description and photographs of her dress.
If the dress meets the criteria, it is placed on consignment, with Nearly Newlywed retaining a percentage of the sale price. The bride has the option to keep the dress or sell it through Nearly Newlywed.
Compared to traditional rental businesses, Nearly Newlywed’s concept offers more customization options for brides, making it a more attractive choice.
Jackie Courtney, who grew up in Iowa with a passion for fashion, became the founder of Nearly Newlywed. She moved to New York City to pursue her interest in fashion and worked as a fashion publicist, dressing celebrities and fashion journalists, which gave her exposure to the fashion industry.
Before her own wedding, Jackie realized that the wedding gowns she wanted were too expensive, and she believed that other brides-to-be felt the same way.
She also recognized that finding the right wedding dress that fits perfectly and is within budget can be a challenging and time-consuming process.
In response to these concerns, Jackie Courtney established Nearly Newlywed to provide a solution for soon-to-be brides looking for their dream wedding dress.
What Happen To Nearly Newlywed At The Shark Tank Pitch?
Courtney made an appearance on the third episode of the fourth season of Shark Tank. In exchange for a $35,000 investment and a 10% stake in her business, she showcased her company and its $350,000 valuation.
During her appearance, she brought along a model wearing one of the upscale wedding gowns available on her online store.
Courtney explained that she founded Nearly Newlywed to help budget-conscious brides afford fashionable dresses. Having observed that celebrities and models often borrow the designer dresses they wear on the red carpet, Courtney aimed to provide a similar service to brides.
She offered a range of stylish gowns on her website, with some priced as low as $3,800, despite having a retail value of $11,000. Additionally, brides could sell their dresses back to the company for half of what they paid for them.
When asked about her sales and growth strategy, Courtney revealed that she had only sold four dresses in her first month of business. However, she had benefited from some free publicity and word of mouth on social media.
Although some of the Sharks expressed skepticism, Kevin O’Leary was impressed with Courtney’s pitch and made her an offer. He proposed to invest $35,000 in exchange for a 40% ownership stake in her company. Despite having no other offers on the table, Courtney ultimately declined O’Leary’s offer, feeling that the ownership stake was too high.
Nearly Newlywed After The Shark Tank Pitch
Jackie was displeased as none of the Sharks showed any interest in investing in her business. On the other hand, Courtney found a business partner in Kleinfeld’s Bridal, a high-end wedding supply company based in New York.
Although she did not team up with any of the Sharks, Courtney’s business, Nearly Newlywed, has been thriving on its own and can be considered a success story.
In August 2021, Courtney got married and had a son. Her business generates $5 million in revenue each year.
Nearly Newlywed Net Worth
Nearly Newlywed is estimated to worth $800,000.
Nearly Newlywed Competitors
Chic Couture Online and Chan Luu are Nearly Newlywed Competitors.
Nearly Newlywed FAQS
What is Nearly Newlywed?
Nearly Newlywed is a firm that buys and resell wedding gowns. The company operates an online store with a broad selection of high fashion wedding gowns.
They utilize the consignment model, which enables brides-to-be to sell their old wedding gowns on the Internet.
Who is the founder of Nearly Newlywed?
The founder of Nearly Newlywed is Jackie Courtney.
How much was she seeking in the Shark Tank?
Courtney was seeking $35,000 in exchange for 10% equity.
Did she get a deal from the Sharks?
She did not secure a deal from the Sharks.
Where is Nearly Newlywed located?
Nearly Newlywed is located in Brooklyn, New York.
What is the Gross Revenue of Nearly Newlywed?
Nearly Newlywed earns $5m annually.
How can they contact Nearly Newlywed?
They can contact them through their website, Facebook, Twitter and Instagram.
What is the website of Nearly Newlywed?
The website of Nearly Newlywed is nearlynewlywed.com.
What is their return policy?
They provide a risk-free five-day return guarantee for all products, including new and secondhand bridal gowns sent inside the continental United States.
For any reason, they may return their dress for a $50 restocking charge.
Final sale products and things purchased with a promotional coupon that mentions final sale are not returnable.
What is their return policy for international buyers?
Purchases made outside the United States are final sale.
Purchases made from Canada and sent to the United States are likewise deemed Final Sale, and shipping is extra.
How are they protected?
They ensure quality, safety and security for all of their brides and newlyweds.
They curate and verify every gown sold, inspecting it with the seller before they ship it to them to try on.
They also process all payments and handle shipping and insurance, so there are no risks.
How do they measure themselves for a dress?
All they’ll need is a measuring tape, a friend, & their super easy-to-use size and fit guide.
Is it risky to buy a used wedding dress?
Not when they are buying with Nearly Newlywed! They take all of the risk out of the process.
Each dress on their site is hand-picked by the staff at Nearly Newlywed.
When they purchase a wedding gown for in-home try-on, they will have it verified and shipped directly to them.
Will they have to alter the dress?
Whether new or used, it is completely normal and expected for a gown to require multiple alterations to fit perfectly.
They might get lucky and find a dress that already has a bustle and has been perfectly altered to fit their shape.
What is the net worth of Jackie Courtney?
Jackie Courtney’s net worth is unavailable.