If you watch Shark Tank, you likely know that the show is all about promoting innovation. Flasky Flowers was probably one of the most innovative business ideas that have graced Shark Tank’s platform to date.
For those who don’t know, Flasky Flowers is a flask built into a flower bouquet. Now, you must be thinking, “Why would I need a flask in a bouquet?” Well, the solution is for the brides who are tired of hiding their cups during the wedding wondering that their photos will come out unsatisfactory.
Given how innovative the business idea was, it isn’t surprising that Flasky Flowers currently has a valuation of $400,000.
Contents
| Business details: | Flower bouquets with flasks inside |
| Founders name: | Ryan Moynihan Kelly Moynihan |
| Founded in: | 2019 |
| Location (Country): | Delray Beach, Florida, USA |
| Investment Asked by Company: | $50,000 for 10% equity |
| Sharks on board (Investors): | Kevin O’Leary, Mark Cuban, Lori Greiner |
| Accepted Deals: | $75,000 for 30% equity |
| Shark Tank Episode: | Season 13 Episode 03 |
| Net Worth | $400,000 |
| Business Status: | Active |
| Social Media | Facebook |
| Last Updated: | June 27, 2024 |
Flasky Flowers was founded by Ryan and Kelly Moynihan, both of whom hail from Delray Beach in Florida. Despite living quite close to each other, Ryan and Kelly Moynihan didn’t follow the same path initially in their lives.
Ryan completed his schooling at Boca Raton High School while Kelly graduated from Atlantic High School.
The two later met, started dating, and ended up marrying each other in 2012. Following their marriage, Ryan worked full-time while Kelly supported her husband financially by working as a hairstylist from time to time.
The couple have seven children together. It was during one of her client’s visits that Kelly noticed how the bride and the bridesmaids had to put down their drinks every time they were called for a photo op. That’s where the idea of Flasky Flowers struck.
Once Kelly was pretty sure about the product design and idea, she went home to Ryan and explained the entire idea to him and Flasky Flowers came into being.
Adamant to make their company strive, Ryan and Kelly sold their house and used that capital to launch their business. However, as they were gearing up to launch the business, things took a tumble in their lives.
Their youngest was born and needed immediate heart surgery, and soon after, the pandemic hit. All of these affected their zeal quite a bit. Despite the challenges, Flasky Flowers managed to sell $21,000 in total.
Flasky Flowers is a unique bouquet holder that doubles as a beverage container, designed to enhance the wedding experience.
Fresh flowers can be arranged in this holder, and the top part is fitted with dry foam to support artificial flowers as well. The product features a top compartment that opens to allow a drink to be added before arranging the flowers. Additionally, a flexible straw is concealed within the flowers, making it invisible to others.
Despite its innovative design, the company does not seem to be thriving. Currently, Flasky Flowers is only available on its official website and Etsy. Following its appearance on Shark Tank, the product is no longer sold on Amazon.
Since Flasky Flowers didn’t secure a lot of business initially, Ryan and Kelly pitched for $50,000 for 10% equity. Their demonstration of the product was alluring and impressed the judges quite a bit.
However, the Sharks were not impressed by the risks they took for their business, provided that has seven children back home. Seeing their condition, Kevin invited Lori and Mark to make a joint deal of $75,000 for 30% equity.
Despite getting some traction after Shark Tank, Flasky Flowers hasn’t done as well as the founders expected. They currently sell via their official website and their Etsy store and they sell directly to the consumers.
Currently, the business is still on home ground and doesn’t seem to take off anytime soon. They have acquired an all-time valuation of $400,000 as of 2024.
Although Flasky Flowers gained a bit of traction after their Shark Tank episode, they are still lacking in some aspects because they still sell under the direct-to-consumer model from their website.
We don’t have official reports about the kind of annual revenue the company is bringing in with its products. However, the good news is that the company’s valuation is currently at $400,000.
Flasky Flowers is directly available through their website. If you have specific requirements or customizations required, we’d recommend you contact their customer support.
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