Pink Shutter PhotoBooth Net Worth
The net worth of Pink Shutter Photobooths is not provided, but its valuation was $3 million when it appeared on Shark Tank.
It is mentioned that Barbara Corcoran offered them $300,000 for 33% equity, which they accepted.
What is Pink Shutter PhotoBooth and Who is the founder of Pink Shutter PhotoBooth?
Pink Shutter PhotoBooth is a company that provides PhotoBooth rental services for both personal and corporate events in California and Las Vegas. These PhotoBooths are a popular addition to events such as weddings, parties, and business gatherings.
The company’s PhotoBooths are equipped with touch displays and CANON Digital SLR cameras, as well as high-speed photography printers and party props. Guests can enter the PhotoBooth and take an instant photographic souvenir of the occasion.
Pink Shutter PhotoBooth claims to be the industry’s best PhotoBooth rental service and has received numerous accolades on Yelp. The company also offers a video option and a low-price guarantee.
Pink Shutter PhotoBooth was founded by Lance Yabut and Tom Kanemoto in Los Angeles and Las Vegas. They capitalized on the growing popularity of PhotoBooth rentals for events and created a company to provide this service.
When someone rents a Pink Shutter Photobooth, a technician will arrive at the event to set up the portable PhotoBooth, which includes accessories for guests to use in their pictures and a high-speed printer so that each guest can take home a copy of their photographs.
What Happened to Pink Shutter PhotoBooth at Shark Tank pitch? What Happened to Pink Shutter PhotoBooth after Shark Tank?
Pink Shutter PhotoBooth is a popular PhotoBooth rental business that operates in California and Las Vegas. In an episode of Shark Tank, Lance Yabut and Tom Kanemoto pitched their business to the Sharks, looking for a $300,000 investment in exchange for a 10% stake.
They convinced the Sharks to try out their PhotoBooth, which resulted in some fun and entertaining photographs. The business was profitable, earning $195,000 in its first year, and had doubled those profits in the first quarter of the second year.
After some negotiation, Barbara Corcoran made a deal with the entrepreneurs, investing $300,000 in return for a 33% stake in the business, with an additional $100,000 for the entrepreneurs.
Since appearing on Shark Tank, Pink Shutter PhotoBooth has continued to thrive, expanding to 10 locations across the United States and generating $5 million in yearly sales as of February 2022.
They have also been invited to events sponsored by major brands like Hulu, NBC, and DreamWorks, and are on their way to becoming a nationally recognized business.
Competitors of Pink Shutter PhotoBooth
The firm’s largest competitors include Photobooth 5000 and The Booth Company.
Net Worth of Pink Shutter PhotoBooth
The company valuation was $3 million during the pitch, after the investment done by Barbara Corcoran the company was worth $909,091.
Since then the company is still operating and hence the company’s net worth might be more than that of pitch.
Pink Shutter Photobooth Updates
Pink Shutter Photobooths is a mobile photobooth rental service that provides photo booth rental services for various events and occasions, such as weddings, corporate events, and birthday parties.
The company offers various photo booth types and customizations, including open-air booths, enclosed booths, and props to enhance the photo-taking experience. Pink Shutter Photobooths claims to be the best photo booth rental service in the business and has received many positive reviews on Yelp.
Pink Shutter Photobooths appeared on Shark Tank in episode 425, where entrepreneur Lance Yabut pitched the Sharks on growing his popular and highly recommended service business. The Sharks refused to change the percentage, and Cuban went out, calling the pair “wishy-washy.
Faced with only one offer, they accepted Corcoran’s offer. Since their airing on Shark Tank, Pink Shutter Photobooths have been invited to multiple events sponsored by big names.
As of 2023, the net worth of Pink Shutter Photobooths is $5 million. The company continues to offer their photo booth rental services for various events, such as weddings, parties, and corporate functions.
While Pink Shutter Photobooths saw great success after Shark Tank and is among the most trustworthy photo booth rental services across the country, there are concerns about the cost of their services.
However, Pink Shutter Photobooths is a service for anyone who wants to have a wonderful photo booth for their events.
Pink Shutter Photobooth – Shark Tank pitch and updates
|Company Name||Pink Shutter Photobooths|
|Founder||Lance Yabut and Tom Kanemoto|
|Industry||Photobooth rental services|
|Service areas||California and Las Vegas|
|Competitors||Photobooth 5000 and The Booth Company|
|Investment received||$300,000 for 33% equity (Barbara Corcoran)|
|Company valuation||$3 million during Shark Tank pitch|
|Company worth after Shark Tank||$909,091 (including the investment by Corcoran)|
|Yearly sales (as of February 2022)||$5 million|
|Net worth (as of 2023)||$5 million|
|Notable clients and events sponsored||Hulu, NBC, and DreamWorks, among others|
|Special features offered||Video option, low-price guarantee|
|Reviews||Numerous accolades on Yelp|
|Description of services||Photo booth types and customizations|
Pink Shutter PhotoBooth FAQs
What Is Pink Shutter Photobooth?
Pink Shutter Photobooth is a photobooth rental business based in California and Las Vegas. It was created by friends turned entrepreneurs Lance Yabut and Tom Kanemoto. The photobooth rental business has become highly popular for weddings, parties, and many other celebratory events.
Pink Shutter Photobooths is a popular “accessory” for weddings, parties, and corporate events.
A Pink Shutter Photobooth technician arrives at an event location and sets up a temporary, high-tech photo booth, complete with touch screens, CANON Digital SLR Cameras, high-speed photographic printers, and “party props”.
Each Pink Shutter Photobooth is equipped with props for guests to use in their photographs and a high-speed photograph printer so each guest can take home a copy of the photos that they take.
The technology used in the Pink Shutter Photobooths is some of the best technology available, and the Pink Shutter Photobooths are spacious and comfortable to make the experience even more enjoyable.
Pink Shutter Photobooths have captured over 2 million people and counting, including Hollywood celebrities, and have been hired by some of the best companies in the nation along with local public and private schools.
Pink Shutter Photobooths are competitively priced and offer to price match other photo booth vendors.
What Is The Current Valuation Of Pink Shutter Photobooth?
Pink Shutter Photobooths is a company that provides photo booth rental services for various events and occasions. The company appeared on Shark Tank in May 2013 with a valuation of $3 million. Barbara Corcoran offered them $300,000 for 33% equity, which they accepted.
Since then, the company has secured additional funding and partnerships, leading to an estimated net worth of $6 million as of 2023. The founders of Pink Shutter, Tom Kanemoto, and Lance Yabut, have a net worth of $3.6 million as of 2023.
It is important to note that the net worth of Pink Shutter Photobooths varies across different sources. While some sources report a net worth of $5 million, others report a net worth of $6 million. However, all sources agree that the company is still in business and generating revenue.
What Happened To Pink Shutter Photobooth After Shark Tank?
Pink Shutter Photobooths appeared on Shark Tank in 2012, where they pitched their photo booth rental business to the Sharks. They sought an investment of $300,000 in exchange for a 10% equity stake in their company.
Barbara Corcoran made an offer, which the founders accepted. Since their appearance on Shark Tank, Pink Shutter Photobooths has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $6 million as of 2023.
Pink Shutter Photobooths is a market leader in the photo booth rental industry in Los Angeles, Sacramento, San Diego, Las Vegas, New York, Dallas, and Honolulu, with plans to expand throughout the United States.
They have 10 locations in San Francisco, Honolulu, Dallas, Inland Empire, Los Angeles, Las Vegas, New York, Orange County, Sacramento, and San Diego. They also offer franchises. Their annual revenue is $5 million.
Barbara Corcoran worked hard with the founders, Lance Yabut and Tom Kanemoto, to grow Pink Shutter Photobooths into the successful business that it is today. They have become a popular “accessory” for weddings, parties, and many other celebratory events.
Pink Shutter Photobooths has reaped the benefits of their appearance on Shark Tank, including increased popularity and publicity.
Is Pink Shutter Photobooth Still In Business?
Yes, Pink Shutter Photobooths is still in business as of 2023. Pink Shutter Photobooths is a company that provides photo booth rental services for various events and occasions, such as weddings, corporate events, and birthday parties.
They offer various photo booth types and customizations, including open-air booths, enclosed booths, and props to enhance the photo-taking experience. Pink Shutter Photobooths was founded by Lance Yabut and Tom Kanemoto in Los Angeles and Las Vegas.
They capitalized on the growing popularity of photobooth rentals for events and created a company to provide this service.
Pink Shutter Photobooths has received numerous accolades on Yelp and claims to be the best photobooth rental service in the business. They also offer a video option and a low-price guarantee.
Pink Shutter Photobooths has expanded to 10 locations in San Francisco, Honolulu, Dallas, Inland Empire, Los Angeles, Las Vegas, New York, Orange County, Sacramento, and San Diego. They also offer franchise opportunities. The company generates $5 million in annual revenue.
What is Pink Shutter PhotoBooth?
Pink Shutter PhotoBooth is a company that provides PhotoBooth rental and sales services.
Who is the founder?
Lance Yabut and Tom Kanemoto founded Pink Shutter PhotoBooth, a PhotoBooth rental business with locations in Los Angeles and Las Vegas.
How much were they seeking on Shark Tank?
They were seeking for $300,000 for 10% equity. The company was valued at $3 million.
Did they have the deal?
Yes, Barbara Corcoran did the deal.
What was their offer?
Barbara Corcoran offered $300,000 for 33% ownership of the company with the proviso that she receives $100,000 in addition to the pair’s income.
Is Pink Shutter PhotoBooth still in business?
Yes, Pink Shutter PhotoBooth is still in business. In a recent press release, the company has announced that they key agencies and brand partners have committed to sponsor the company’s upcoming events.
How much are they making now?
Pink Shutter PhotoBooth earns $5 million annually.
Where is Pink Shutter Photobooth located?
Pink shutter PhotoBooth is located in San Francisco, Vegas and Los Angeles.
What is the booking period of Pink Shutter PhotoBooth?
The booking period for Pink Shutter Photobooth is annually.
How much does the Pink Shutter Photobooth cost?
The cost of PhotoBooth rentals ranges from $300–$525 depending on the package.
What is the availability?
Pink Shutter PhotoBooth has availability in all their locations.
What is the price of Pink Shutter PhotoBooth rental?
The price for photo booth rental can be priced starting at $399 dollars per day and can go as high as $409 dollars per day depending on the package you order.
Is Pink Shutter PhotoBooth profitable?
Yes. PhotoBooth are a very lucrative business. Due to the inexpensive cost of the equipment, the majority of the expenditures associated with running your business are labor and marketing.
What if I have a last-minute event occurring within the next seven days?
Please text the owner’s personal mobile phones at 916-717-8151 or 916-832-9080 ONLY for last-minute appointments and we will try their best to accommodate them.
What if my event is postponed or I need to reschedule?
All coupons that have been redeemed are only good for the time and date specified in the contract. If customers request a change more than 30 days in advance, time adjustments within the same day are permitted.
Nevertheless, all voucher redemptions are final and can only be rescheduled if another booking fills their original position.
Consumers realize that their schedule or plans may change, so please contact them immediately and they will try their best to fill the space with another booking.
Who is the CEO?
The CEO of Pink Shutter PhotoBooth is Lance Yabut.
How much does Lance Yabut worth?
The net worth of Lance Yabut is unknown.
How much does Tom Kanemoto worth?
The net worth of Tom Kanemoto is estimated at $1.5 million.