Santa Enchanted Mailbox Shark Tank Update| What Happened to Santa Enchanted Mailbox after the Shark Tank Pitch?
What is Santa Enchanted Mailbox? Who are the Founders of Santa Enchanted Mailbox?
Santa Enchanted Mailbox is a mailbox that is designed to transport letters addressed to Santa Claus to the North Pole in a magical way.
It is a smaller version of a regular mailbox and costs $39.99. The mailbox was created by Chris and Elisa Cirri who obtained patents and a manufacturer before launching the company in 2017.
They have sold over 100,000 units by 2019 and it is available at retailers such as Bed Bath and Beyond, Walmart, Hobby Lobby, and Amazon.
The idea for the Enchanted Mailbox was created in 2016 when the founders’ child would place pictures for Santa in a specially decorated box and one of the parents would take it out of the box as if it had been sent to the North Pole.
What Happened to Santa Enchanted Mailbox at the Shark Tank Pitch?
Chris and Elisa, the founders of Santa Enchanted Mailbox, appeared on the Shark Tank in Season 13 Episode 8 in search of $150,000 in exchange for a 30% stake in their company, valuing the company at $500,000.
They demonstrated how their product works and shared their sales figures, including a $1.3 million order from a big box store in their second year of business.
However, they also mentioned they faced challenges due to the COVID-19 pandemic in 2020 and had to be more conservative.
The Sharks expressed concerns about the product’s seasonality, complexity, and production costs, leading to all of them declining to invest in the company.
What Happened to Santa Enchanted Mailbox after the Shark Tank Pitch?
After their appearance on Shark Tank, Santa Enchanted Mailbox lowered the price of their product to $39.99 and continued to operate as a business as of January 2022.
Santa Enchanted Mailbox Net Worth
The net worth of Santa Enchanted Mailbox was valued at $500,000 as of their appearance on Shark Tank Season 13 Episode 8, where the founders, Chris and Elisa, sought $150,000 for a 30% stake in the company.
Santa Enchanted Mailbox Competitors
There are no competitors identified for Santa Enchanted Mailbox.
Santa Enchanted Mailbox FAQS
What is Santa Enchanted Mailbox?
It’s a mailbox that miraculously transports letters addressed to Santa Claus to the North Pole.
How does it work?
Fill out their letter, drop it in one of the provided envelopes, and place it in the mailbox.
After they close the door, hoist the Flag to hear a wonderful melody and chime.
When they reopen the mailbox, their letter has magically vanished.
Who is the founder of Santa Enchanted Mailbox?
Chris and Elisa Cirri are the founders of Santa Enchanted Mailbox.
How much were they seeking in the Shark Tank?
They appeared on Shark Tank Season 13 Episode 8 in search of $150,000 for a 30% stake in their company. This implies a $500,000 valuation.
Did they get the deal?
Santa Enchanted Mailbox did not get a deal from the Sharks.
What happened after the pitch?
They reduced the price to $39.99 after the show was filmed and they are still in business as of January 2022.
Where can they buy Santa Enchanted Mailbox?
The Enchanted Santa Mailbox is available to purchase online at Amazon, Bed Bath & Beyond, Walmart and Hobby Lobby.
Where are Santa Enchanted Mailbox located?
They are located in Wallingford, Connecticut.
What is Santa Claus’s exact address?
Write a message to Santa and mail it in an envelope addressed to Santa Claus, North Pole.
Fill in the blanks with a personalized response to the child’s letter and sign it “From Santa.”
Fill an envelope with both letters and address it to the kid. Fill out the envelope with the return address: SANTA, NORTH POLE.
How much does it cost to make?
They cost $17.25 to land.
What methods of payment do they accepts?
They accept Visa, MasterCard, PayPal, Venmo, Google Pay and American Express.
How is the sales for Santa Enchanted Mailbox?
They made $120,000 in sales their first year. A $1.3 million order was placed by a big box store in year two.
Do Santa Enchanted Mailbox ship?
The Enchanted Mailboxes have been distributed all over the world.
How can they contact them?
They can email them at [email protected] or visit their website at www.santasenchantedmailbox.com.
What is the net worth of Chris Cirri?
Chris Cirri’s net worth is unavailable.
What is the net worth of Elisa Cirri?
Elisa Cirri’s net worth is unavailable.
Where is Chris Cirri working?
Chris Cirri is currently a Sales Director at Fiserv, an online payment processing firm.