The Yard Milkshake Bar Shark Tank Net Worth 2023
The Yard Milkshake Bar’s net worth is not available to the public, but when they presented on Shark Tank season 11 episode 7 and sought a $400,000 investment for 10% of their company, it was valued at $4 million.
Although Mark Cuban offered them $400,000 for a 22% stake, reducing their valuation to $1.8 million at that time, the business has grown significantly since then and its current value is likely much higher.
What is The Yard Milkshake Bar? Who are the Founders of The Yard Milkshake Bar?
The Yard Milkshake Bar is a specialty milkshake store known for its unique, over-the-top milkshakes and options to make your creation. The menu includes 18 unique shakes and sundaes, 30 ice cream varieties, and 30 specialty toppings.
The Yard Milkshake Bar founders are Logan and Chelsea Green, a husband and wife team who hail from entrepreneurial households and have experience working in the food industry. They first opened in May 2017 in Gulf Shores, Alabama, and have since expanded to several locations.
What Happened to The Yard Milkshake Bar at Shark Tank Pitch?
Logan and Chelsea Green, who founded The Yard Milkshake Bar, appeared on an episode of Shark Tank during the 11th season to pitch their franchise business and secure a $400,000 investment for a 10% stake in their company, which was valued at $4 million.
During the pitch, they provided samples of their milkshakes, and the Sharks inquired about calorie counts, as the shakes contained anywhere from 650 to 1800 calories. The Greens informed them that they had four locations, one franchise, and one in progress.
Their net sales last year were $3.4 million, resulting in a $400,000 profit. When asked why they were seeking a partner, Logan argued that it would provide them with “a decade of expertise.”
The Yard Milkshake Bar was presently selling franchises for $45,000, with a 6% sales royalty and 2% marketing royalty. The total cost of opening a franchise ranges from $140,000 to $315,000.
Mr. Wonderful offered $400k for a 15% stake in the franchise and corporate-owned sites. However, Shark Daymond John withdrew from the deal since the ice cream shop would compete with his other business ventures.
Shark Lori Greiner offered $400k for a 12.5% stake in The Yard, and Shark Mark Cuban offered $400k for a 25% stake in the existing franchises and future franchise enterprise. After some negotiation, Green accepted Cuban’s counteroffer of a 22% stake in their company.
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What Happened to The Yard Milkshake Bar after the Shark Tank Pitch?
After featuring on Shark Tank, The Yard Milkshake Bar experienced a significant surge in popularity and recognition. Although the proposed agreement with Mark Cuban did not materialize, the company still aimed to launch a new franchise site in the summer of 2020, which may have been delayed due to the pandemic.
As of July 2021, the enterprise had 15 branches, and a 16th location was established in The Colony, Texas, by franchise proprietors Anthony and Kelly DiPasquale.
They have plans to inaugurate more branches in San Antonio, Houston, and other regions of Dallas, with each store generating an annual income of $800,000 to $1.2 million.
In August 2021, the business announced its plan to open a new store in Tampa in the fall of the same year. Additionally, in November 2021, the company announced the opening of its 18th store at The Strand, located at St. Johns Town Centre in Jacksonville, Florida.
What is the Net Worth of The Yard Milkshake Bar?
The net worth of The Yard Milkshake Bar is not publicly available, but the company was valued at $4 million when they appeared on Shark Tank season 11 episode 7 and sought an investment of $400,000 for a 10% stake.
They accepted an offer from Mark Cuban of $400,000 for a 22% stake, which would have lowered the company’s valuation to $1.8 million at that time. However, since then, the company has grown, so the current valuation of The Yard Milkshake Bar is likely higher.
Who are the Competitors of The Yard Milkshake Bar?
There are no competitors identified for The Yard Milkshake Bar.
Yard Milkshake Bar Shark Tank Updates
The Yard Milkshake Bar appeared on Shark Tank Season 11 and made a deal with Mark Cuban for $400,000 for 22% equity. However, the deal was never finalized post-production.
Despite this, The Yard Milkshake Bar got national attention and has since grown to 23 operating locations across the United States.
The Yard Milkshake Bar is a franchised milkshake bar that offers larger-than-life milkshakes with cute themes and charming appearances. The shop also sells sundaes, cookie dough, and full-sized pies, cheesecakes, and brownies.
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The Yard Milkshake Bar was created by the husband-and-wife team Logan and Chelsea Green in 2017. They started in Gulf Shores, Alabama, and have since expanded across the United States. The Yard Milkshake Bar creates over-the-top milkshakes with crazy specialty flavors.
The founders wanted to create a dessert place that was like no other, and they decided that crazy specialty milkshakes were just what they were looking for. The Yard Milkshake Bar has become a popular destination for people who want an experience.
The first Yard in North Texas opened in The Colony on September 24, 2021. The Yard Milkshake Bar has expanded its brick-and-mortar locations six-fold in the three years since the brand made its Shark Tank appearance.
The Yard Milkshake Bar has continued to grow in popularity and demand since its appearance on Shark Tank.
The Yard Milkshake Bar Shark Tank Net Worth 2023
INFORMATION | VALUE |
Net worth | Not publicly available |
Valuation on Shark Tank (2019) | $4 million |
Investment sought on Shark Tank | $400,000 for 10% |
Mark Cuban’s offer on Shark Tank | $400,000 for 22% |
Current number of locations | 18 |
Planned locations | San Antonio, Houston, and other Dallas areas |
Annual income per store | $800,000 to $1.2 million |
Competitors | None Identified |
Note: Information in the table is based on the provided text and may not reflect the current status of the company.
The Yard Milkshake Bar FAQS
What Is Yard Milkshake Bar Shark Tank?
The Yard Milkshake Bar is a franchise that offers larger-than-life milkshakes with cute themes and charming appearances.
The milkshakes are made in a mason jar and decorated with a variety of sweet treats, such as candy, cupcakes, cookies, and any other toppings that customers can dream up.
The Yard Milkshake Bar was featured on the hit ABC show Shark Tank, where husband-and-wife team Logan and Chelsea Green appeared, asking the “sharks” to invest in their business.
The couple asked for an investment of $400,000 into the business, which currently had four locations, including one in D’Iberville.
The sharks were shocked when the owners said potential investments would only be for future franchises, not the existing stores that were open at the time. Mark Cuban ultimately invested $400,000 for 22% equity in the business.
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Since appearing on Shark Tank, The Yard Milkshake Bar has expanded its locations and franchised many new stores. The company now has 21 locations in 10 states, including three in Florida.
The Yard Milkshake Bar promotes itself as “a social media sensation with the ‘Instagramable’ desserts”. The company’s menu features 28 flavors of hand-dipped premium ice cream along with specialty milkshakes, waffle sundaes, and edible cookie dough.
The Yard Milkshake Bar has become a popular destination for those looking for over-the-top, Instagram-worthy desserts.
How Does Yard Milkshake Bar Shark Tank Work?
The Yard Milkshake Bar is a build-your-own milkshake bar that offers larger-than-life milkshakes with cute themes and charming appearances.
The Yard appeared on Shark Tank seeking a $400,000 investment for a 15% stake. The founders, Logan and Chelsea Green had already done $6.4 million in lifetime sales. Mark Cuban invested $400,000 for a 22% equity stake in the business.
Since appearing on Shark Tank, The Yard has expanded its locations six-fold. The Yard’s famous milkshakes are made in a mason jar and decorated with a variety of sweet treats, such as candy, cupcakes, cookies, and more.
The Yard has become known for its over-the-top, Instagram-worthy desserts. The Yard has franchised a lot of new stores, and its three original locations have expanded to include new franchises.
What Happened To Yard Milkshake Bar After Shark Tank?
The Yard Milkshake Bar appeared on Shark Tank seeking a $400,000 investment for a 15% stake in their business. The Greens, the founders of The Yard, were seeking a deal to help them franchise their growing business, which had already done $6.4 million in lifetime sales.
The sharks learned during the pitch that the company had already expanded to three locations and had plans to open more. Mark Cuban offered the duo a deal for the future stores but for a higher stake of 22%. After a lot of back and forth, the Greens decided to go for Cuban’s offer.
Since appearing on Shark Tank, The Yard Milkshake Bar has expanded its locations and franchised a lot of new stores. Their three original locations have expanded to include new franchises in other states. The Yard’s popularity blew up on social media after appearing on the show.
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The milkshake bar has been known to have some of the best milkshakes in the U.S. The Yard Milkshake Bar is a franchised milkshake bar that offers larger-than-life milkshakes with cute themes and charming appearances.
The Yard Milkshake Bar has been successful in expanding its business and has become a popular destination for milkshake lovers.
Is The Yard Milkshake Bar Shark Tank Still In Business?
Yes, The Yard Milkshake Bar from Shark Tank is still in business and has been growing in popularity and demand since its debut on the show in 2019. The Yard Milkshake Bar currently has 23 operating locations across the United States.
They have increased their brick-and-mortar locations six-fold in the three years since the brand made its Shark Tank appearance.
The Yard Milkshake Bar was created by husband-and-wife team Logan and Chelsea Green, who opened their first store in May 2017 in their hometown of Gulf Shores, Alabama. They have since expanded to other locations, including Panama City Beach, Florida.
The couple appeared on Shark Tank in 2019, asking the “sharks” to invest in The Yard Milkshake Bar, which is known for its over-the-top, Instagram-worthy desserts.
They asked for an investment of $400,000 into the business, which currently had four locations at the time. Mark Cuban invested $400,000 for 22% equity in the company.
The Yard Milkshake Bar has been franchising its business model and expanding to new locations. The company has put a pause on accepting new franchisees due to the booming business keeping them busy.
While Mashed couldn’t find an accurate report of The Yard’s sales with its new franchises, it’s clear that Chelsea and Logan Green have realized their franchise dream and beyond. Total sales on their flagship store are around $1.4 million.
What Is The Current Valuation Of Yard Milkshake Bar After Shark Tank?
The Yard Milkshake Bar appeared on Shark Tank seeking a $400,000 investment for a 10% stake in their company, which was valued at $4 million. Mark Cuban invested $400,000 for a 22% equity in the company, which valued The Yard Milkshake Bar at $1.8 million.
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At the time of the airing of the Shark Tank episode, the year-to-date sales of the company were already $3.4 million.
It is not publicly available what the current net worth or valuation of The Yard Milkshake Bar is. However, the company has expanded its locations six-fold in the three years since appearing on Shark Tank.
The Yard Milkshake Bar has lifetime sales of $6.4 million, with $3.4 million in expected sales by the end of the year.
In conclusion, The Yard Milkshake Bar was valued at $1.8 million after Mark Cuban invested $400,000 for 22% equity in the company on Shark Tank.
The current net worth or valuation of the company is not publicly available. However, the company has expanded its locations and has lifetime sales of $6.4 million.
How much were they seeking in the Shark Tank?
Logan and Chelsea appeared on Shark Tank season 11, episode 7, in search of $400,000 for a 10% stake in their franchise company. This equates to a $4 million valuation.
Did he get the deal from the Sharks?
They accepted an offer from Mark of $400,000 for a 22% stake, which brings the valuation to $1.8 million.
Where did the yard milkshake bar originate?
Logan and Chelsea established their first store in their hometown of Gulf Shores, Alabama, in May 2017.
How much is the yard milkshake worth?
The Yard Milkshake Bar offers large, colorful treats for $14 to $20.
What are their franchise costs?
A franchise fee should have a low-end cost of $144,000 and a high-end cost of $313,000.
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Where are the Franchise Stores located?
They have stores in Panama City Beach, Florida; Fairhope, Alabama; Austin, Texas; D’Iberville and Hattiesburg, Mississippi; and their newest location at The Strand at St. Johns Town Centre in Jacksonville, Florida.
How many calories are in The Yard Milkshake Bar?
Each shake contains anything from 650 to 1800 calories.
What are the ingredients in The Yard Milkshake Bar?
It consists of Cookie Dough ice cream with purple and gold marshmallow cream within a vanilla iced jar wrapped in Tiger Sprinkles.
It’s topped with purple and gold whipped cream, a scoop of chocolate chip cookie dough, additional Tiger Sprinkles, and a purple Tiger Paw.
The Yard Milkshake Bar has how many locations?
The Yard Milkshake Bar now has 18 locations around the United States.
What is the website address of The Yard Milkshake Bar?
Their website is www.theyardmilkshakebar.com