American Ghost Walks Shark Tank Episode 5 Update & Net Worth

American Ghost Walks Shark Tank Episode 5 Update & Net Worth

American Ghost Walks, a unique entertainment company specializing in ghost tours, was featured on Shark Tank during Season 15, Episode 5, which aired on October 28, 2023.

Founded by siblings Allison Jornlin and Mike Huberty in 2010, the company has grown to operate in 25 cities across 8 states, employing over 16 professional tour guides. Their tours are designed to provide customers with thrilling paranormal experiences, blending local history with ghostly legends.

During their pitch on Shark Tank, Allison and Mike sought an investment of $250,000 in exchange for 15% equity, valuing their business at $1 million. The duo highlighted the company’s steady expansion and their ambition to continue growing the brand.

They shared details of their business model, which includes not only ghost tours but also corporate events with options for food, drinks, and even alcohol, making their offerings more diverse and appealing.

Despite their enthusiasm and the interesting nature of their business, the Sharks were not convinced about the investment potential of American Ghost Walks. The business was operating at a loss, and the financials presented did not inspire confidence in the Sharks.

Guest Shark Jason Blum, known for his expertise in the horror genre, advised the founders to focus on profitability before expanding further. Ultimately, none of the Sharks made an offer, and the founders left the tank without a deal.

However, the exposure from the show did boost the company’s visibility. As of April 2024, American Ghost Walks is estimated to be worth $1 million, with the business still operational despite its challenges.

• Save

What is American Ghost Walks? How Does it Work?

American Ghost Walks is an entertainment company that offers ghost tours in various cities across the United States. These tours are guided experiences that blend local history with paranormal tales, providing participants with an exciting and often eerie adventure. The tours are conducted by professional guides who are well-versed in the folklore and ghost stories of their respective areas.

The company operates in 25 cities across 8 states, making it one of the more extensive ghost tour businesses in the country. The tours typically last between 60 to 90 minutes and take participants through historical sites, cemeteries, and other locations known for their paranormal activity.

Each tour is carefully crafted to provide a unique experience, with guides sharing both well-known and obscure ghost stories that are deeply rooted in the local culture.

In addition to traditional ghost tours, American Ghost Walks also organizes corporate events, which can include food, drinks, and alcohol, adding a social aspect to the eerie experiences. This diversification allows the company to cater to a broader audience, including those looking for unique team-building activities or themed events.

American Ghost Walks Shark Tank Episode 5 Season 15: What Happened at Shark Tank Pitch?

During Shark Tank Season 15, Episode 5, Allison Jornlin and Mike Huberty made their pitch for American Ghost Walks, seeking $250,000 for 15% equity. The siblings presented their business with enthusiasm, detailing how they have grown from a small operation to a company with tours in 25 cities across 8 states. They emphasized the popularity of paranormal experiences and how their tours offer an exciting way to explore local history.

Allison and Mike shared that in 2022, the company generated $546,000 in sales, but despite this revenue, they were operating at a loss, with a negative net of $42,000. They projected sales of $650,000 for 2023, but the cost of running the business remained high, with an expected expenditure of $600,000. These financial figures raised concerns among the Sharks, who were wary of the company’s ability to turn a profit.

Guest Shark Jason Blum, known for his success in the horror film industry, was particularly interested in the business but ultimately decided not to invest. He advised the founders to focus on making their current operations profitable before expanding further.

The other Sharks also passed on the opportunity, citing concerns about scalability and profitability. As a result, Allison and Mike left the tank without a deal.

American Ghost Walks Shark Tank Pitch Summary

What Happened to American Ghost Walks After Shark Tank?

Following their appearance on Shark Tank, American Ghost Walks continued to operate, albeit without the investment they had hoped for. The national exposure from the show helped boost awareness of the company, leading to increased interest in their tours. However, the business continued to face challenges related to profitability.

Despite not securing a deal, the founders used the publicity to their advantage, giving interviews on various media platforms such as ABC30 Fresno and WKOW 27 News. These interviews helped maintain public interest in the company and highlighted the unique nature of their tours.

The company also worked on improving its operational efficiency and marketing strategies to drive more bookings. The team remains committed to providing memorable experiences for their customers while finding ways to turn the business into a profitable venture. As of 2024, American Ghost Walks is still in business, with a focus on stabilizing and eventually growing its operations.

How Much Is American Ghost Walks Worth?

As of 2024, American Ghost Walks is estimated to be worth $1 million. This valuation is based on the company’s revenue streams and the niche market it serves. Although the business has struggled with profitability, its extensive reach across multiple states and the continued interest in paranormal experiences suggest that it holds potential for future growth.

The company’s current worth reflects both the challenges it faces and the opportunities available in the growing market for unique and immersive experiences. As American Ghost Walks continues to refine its business model and improve profitability, its valuation could see significant increases in the coming years.

Is American Ghost Walks Still in Business?

Yes, American Ghost Walks is still in business as of 2024. Despite the challenges and the lack of investment from the Shark Tank experience, the company has continued to operate, offering ghost tours in various cities across the United States.

The founders, Allison Jornlin and Mike Huberty, are dedicated to their vision and have persisted in growing their business, albeit cautiously.

The company’s focus remains on providing high-quality, engaging tours that offer a mix of history and paranormal lore. While profitability remains a concern, the founders are working on strategies to improve their financial performance and ensure the long-term sustainability of the business.

Which Episode & Season Number Was American Ghost Walks on Shark Tank?

American Ghost Walks appeared on Shark Tank during Season 15, Episode 5, which aired on October 28, 2023. In this episode, the founders, Allison Jornlin and Mike Huberty, presented their ghost tour business to the Sharks, seeking $250,000 for 15% equity. Despite their best efforts, they were unable to secure a deal, but the appearance provided valuable exposure that has since contributed to the company’s continued operations.

Frequently Asked Questions

Who are the founders of American Ghost Walks?
American Ghost Walks was founded by siblings Allison Jornlin and Mike Huberty in 2010. Both have backgrounds that blend education, history, and entertainment, which they use to craft engaging ghost tours.

What is American Ghost Walks?
American Ghost Walks is a ghost tour business that offers guided paranormal experiences in 25 cities across 8 states. The tours combine local history with ghost stories, providing an entertaining and educational experience.

Did American Ghost Walks get a deal on Shark Tank?
No, American Ghost Walks did not receive a deal on Shark Tank. Although the business intrigued the Sharks, concerns about profitability and scalability led them to pass on the investment.

How much is American Ghost Walks worth?
As of 2024, American Ghost Walks is estimated to be worth $1 million, reflecting its operations across multiple states and its niche in the entertainment market.

Is American Ghost Walks still in business?
Yes, American Ghost Walks is still in business. The company continues to offer ghost tours and is working on improving its financial stability.

Which episode of Shark Tank featured American Ghost Walks?
American Ghost Walks was featured on Shark Tank in Season 15, Episode 5, which aired on October 28, 2023.