Sealed By Santa Shark Tank Net Worth 2023
During the pitch, the Sealed By Santa company was valued at $750,000. However, as the company has continued to operate since the pitch, it is likely that its net worth has increased significantly.
The actual value of the company may be much more than what was presented during the pitch. Factors such as increased sales, growth in market share, expansion into new markets, and new product development could have all contributed to the increase in the company’s net worth.
Additionally, improvements in operational efficiency, cost management, and profitability could have further boosted the company’s overall value.
What is Hire Santa? Who is the founder of Sealed By Santa?
Sealed by Santa is a unique business that specializes in creating personalized Christmas letters and parcels for children. These letters are printed on parchment paper and sent directly from the North Pole.
Receiving personalized letters from Santa is a special experience for children who love to receive presents from him.
Sealed by Santa offers three packages: Premium, Deluxe, and Ultimate, allowing customers to choose the level of personalization they prefer.
The company was founded by Sara Blain, a Momtrepreneur from Boca Raton.
While little is known about her prior to starting Sealed by Santa, she had previously worked as a producer at Red Knight Studios and had also written for a website focused on improving life after divorce. Today, she is the owner of Sealed by Santa and Simply B Social, a social media growth firm.
Sealed by Santa’s process is simple: parents fill out an online form with their child’s name and other personal details, and Sealed by Santa takes care of the rest.
Each letter is elegantly addressed to the child and signed by Santa himself, with the parchment paper featuring charred edges for an authentic feel.
Customers can choose from a dozen different letter types, and can also purchase an “evidence kit” that includes Santa’s hat, a stencil for Santa’s boots to leave magical snow tracks around the tree, and a large black button that “fell off” Santa’s coat.
Additionally, there is a Santa’s Sleigh License, an Official Nice List Map, a glove that Santa dropped while eating cookies, and instructions for arranging the items around the house.
Other items available for purchase include decorations, a “Santa key,” and reindeer food, with all other items priced under $20. Letters cost $10.95 each.
Sealed By Santa Shark Tank Pitch
In episode 812 of the 2016 “holiday special” on Shark Tank, Sarah Blain presented her company, Sealed by Santa, which offers personalized letters from Santa Claus.
Sarah was seeking a $150,000 investment in exchange for a 20% stake in her business, which was valued at $750,000. Her goal was to expand her business to other holidays and to diversify her product offerings.
Sarah explained that each letter cost $1.50 to produce and she sold them for $10.95. She could dispatch the letters within 24 hours, but Kevin was skeptical about the volume of letters during the holiday season.
Sarah assured him that she had a team of twelve friends to assist her during the busy season. She had earned around $10,000 annually and her total sales had increased to $355,000, up from $250,000 the previous year.
Kevin expressed concern about the seasonality of the business, but Sarah said that she had a database of 60,000 customers and had also offered Easter letters, which generated almost $15,000 in revenue.
Kevin liked the idea and thought that Sealed by Santa would fit well on the Something Wonderful platform. He offered $150,000 for 33.3% equity, but Sarah started to cry and revealed that her spouse had left her on the day Shark Tank contacted her. Barbara comforted her but declined to invest.
Mark believed that Sarah was stretching herself too thin and chose not to invest. Robert offered $150,000 for 33.3% equity but suggested that Sarah could retain the first $100,000 of earnings, and they would split the rest.
Lori offered a loan of $75,000 and another $75,000 for 22.5% equity in the company, which Sarah accepted.
Although Lori’s deal was never finalized, Sarah gained many new customers from her appearance on Shark Tank.
She expanded her business to include Easter Bunny and Tooth Fairy letters and even offered a live video chat with Santa. As of May 2021, Sealed by Santa was still in business, and as of February 2022, it was still operating.
Competitors of Sealed By Santa
Sealed by Santa primary competitors include: The Pop Star, a Personalized letter, Card and Gift company.
Net Worth of Sealed By Santa
The company valuation was $750,000 during the pitch. Since then the company is still operating and hence the company net worth might have more than that of pitch.
Sealed By Santa FAQs
What is Sealed By Santa?
Sealed by Santa is a one-of-a-kind business that specializes in personalized Christmas letters and parcels addressed to children. These beautiful letters are produced on parchment paper and mailed directly from the North Pole.
Who is the founder?
Sara Blain, a Momtrepreneur based in Boca Raton, created the business. Little is known about her relationship prior to establishing Sealed by Santa.
How much was seeking on Shark Tank?
Sarah was seeking for $150,000 for a 20% stake in her business, which is valued at $750,000.
Did she have the deal?
Yes, she had the deal. She accepted Lori’s offer of a loan for $75,000 and another $75,000 for 22.5% equity.
Is Sealed By Santa still in business?
Yes, the company is still operating as of February 2022.
How to contact Sealed By Santa?
Customers can call them at 813-605-0024 or email at [email protected]sealedbysanta.com
What is the return policy of Sealed By Santa?
Sealed by Santa’s return policy is that if the customer is not satisfied with the product, she can return it within 2 weeks from the delivery date.
What is the shipping cost of Sealed By Santa?
Sealed by Santa’s shipping cost is $5 for a Sealed by Santa letter and $1 for every additional item ordered.
What is the delivery period of Sealed By Santa?
Sealed by Santa’s delivery period is 2-4 weeks from the date the order is delivered.
What is the average size of a Sealed By Santa letter?
Sealed by Santa’s average letter size is 8.5 x 11.5 inches and costs $10.95.
How can I access Sealed By Santa’s products?
Customers can access Sealed by Santa’s products on their website, which is listed as www.sealedbysanta.com.
Is Sealed By Santa safe?
Sealed by Santa is a very safe and secure website. The company uses the latest SSL encryption to ensure that customers’ data is safe on their website.
The home page of Sealed By Santa does not display any advertisements, which indicates that the company is concerned about keeping the design clean for customers.
How do I pay for Sealed By Santa?
Customers can pay for Sealed by Santa’s products using their Debit/Credit card, PayPal or online banking. Billing and shipping address must match for purchasing to go through smoothly.
What is the difference between a Sealed By Santa letter and a personalized letter?
Sealed by Santa letters are personalized letters from Santa, whereas personalized letters are not. The product sent may be the same as a personalized letter but the process is not the same.
What is the net worth of Sarah Blain?
The net worth of Sealed By Santa founder Sarah Blain is $1.5 million.
