BarBees Mobile Cocktail Class Shark Tank Episode Update & Net Worth

BarBees Mobile Cocktail Class Shark Tank Episode Update & Net Worth

BarBees, co-founded by Jess Blakley and Willow Sprague, appeared on Shark Tank Season 15, Episode 12 seeking $75,000 for 10% equity, valuing the company at $750,000. BarBees is a mobile cocktail class company that offers in-person and virtual cocktail-making classes, allowing customers to learn mixology skills in a fun and interactive setting.

 BarBees was featured in Season 15, Episode 12 of Shark Tank. In their pitch, Jess and Willow sought $75,000 for 10% equity, valuing the company at $750,000.

They highlighted the following key features of their business:

• Customized Cocktail Classes: BarBees provides instructors who lead cocktail-making classes at customers’ chosen locations, making it ideal for events like birthdays and bachelorette parties.
• Expansion Plans: The company has grown from its Nashville roots to operate in ten cities, with plans for further expansion.
• Sales Growth: The founders reported $19,000 in revenue in 2019, $38,000 in 2020, $76,000 in 2021, and projected $400,000 in sales for the year of filming.

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During the pitch, the sharks were impressed with the concept but had reservations about scalability. Ultimately, Daniel Lubetzky made an offer of $75,000 for 20% equity, which Jess and Willow accepted after some negotiation.

Following their appearance on Shark Tank, BarBees successfully expanded its operations and is now available in ten cities across the United States. The company has also introduced virtual classes, allowing customers to participate from anywhere. The partnership with Daniel Lubetzky has helped the founders meet their initial goals for growth.

As of now, BarBees is estimated to have a net worth of approximately $375,000, reflecting its valuation and ongoing growth since the Shark Tank appearance.

 BarBees is still in business and actively offering cocktail classes. The company continues to focus on expanding its reach and enhancing its services, providing fun and engaging experiences for cocktail enthusiasts.

What is BarBees Mobile Cocktail Class? How Does it Work?

BarBees is a mobile cocktail class service that brings the art of mixology directly to customers’ homes or event spaces. The company offers a variety of cocktail-making classes, where an instructor from BarBees leads participants through the process of creating classic and modern cocktails.

Clients provide the liquor and location, while BarBees supplies everything else needed for the class, including mixers, tools, and garnishes.

The service is particularly popular for special occasions like birthday parties, bachelorette parties, and corporate events. The classes are designed to be both educational and entertaining, allowing participants to enjoy a hands-on experience while learning new skills.

BarBees has also adapted to the changing market by offering virtual classes, making their services accessible to a global audience.

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The company started in Nashville, Tennessee as an event bartending business and has since grown to cover multiple cities across the United States. With the help of Daniel Lubetzky’s investment, BarBees is continuing to expand its footprint, bringing its unique cocktail classes to even more customers.

Jess Blakley and Willow Sprague, the creative minds behind BarBees, made a splash on Shark Tank Season 15 with their unique mobile cocktail class business. BarBees offers a fun and interactive experience where participants learn how to make their own cocktails, making it a popular choice for birthday parties, bachelorette events, and corporate team-building activities.

The duo secured a deal with guest shark Daniel Lubetzky for $75,000 in exchange for 20% equity, helping them take their business to the next level.

Since appearing on Shark Tank, BarBees has expanded significantly, now offering its services in multiple cities across the U.S. and even offering virtual classes worldwide. The investment and guidance from Daniel Lubetzky have played a crucial role in this growth, allowing the company to scale its operations effectively. As of 2024, BarBees’ net worth has likely seen a considerable increase, reflecting its expanding market presence and growing customer base.

BarBees Mobile Cocktail Class Shark Tank Full Episode ; What Happened at Shark Tank Pitch

During their Shark Tank pitch, Jess and Willow shared the journey of BarBees, explaining how they transitioned from event bartending to leading mobile cocktail classes. They asked for $75,000 in exchange for 10% equity, valuing their company at $750,000. The duo impressed the sharks with their charisma, entrepreneurial spirit, and the taste of their signature cocktails, which included the Rosemary Honey Paloma and Strawberry Old Fashioned.

BarBees had already shown promising growth before coming to Shark Tank. In 2019, they generated $19,000 in revenue, which doubled to $38,000 in 2020, despite the pandemic. By 2021, their revenue had climbed to $76,000, and in 2022, they expanded to four cities, bringing in just under $190,000 in sales. By the time they appeared on Shark Tank, BarBees was operating in seven cities and projected $400,000 in sales for the year.

The sharks appreciated the business model but had concerns about scalability. Mark Cuban and Daymond John both praised the entrepreneurs but decided not to invest, citing the challenges of scaling a service-based business. Kevin O’Leary was similarly impressed but felt that his expertise didn’t align with the company’s focus on mixed drinks.

Daniel Lubetzky, however, saw potential in BarBees and offered $75,000 for 20% equity. Despite their initial ask for 10%, Jess and Willow recognized the value Daniel could bring and accepted his offer after a brief negotiation, where they countered for 15% equity but eventually agreed to 20%.

What Happened to BarBees Mobile Cocktail Class After Shark Tank?

Since their appearance on Shark Tank, BarBees has expanded significantly, thanks to the exposure from the show and the strategic partnership with Daniel Lubetzky. The company is now available in ten cities across the United States and offers virtual classes that can be booked from anywhere in the world. This expansion has allowed BarBees to reach a much larger audience and grow their customer base rapidly.

BarBees has also streamlined its booking process with the help of Daniel’s investment. They invested in an automated booking platform and enhanced onboarding procedures, allowing them to scale their operations efficiently. The company continues to focus on expanding to more cities, leveraging the momentum gained from Shark Tank to increase its market presence.

The company’s website now features online booking options for both in-person and virtual classes, making it easier than ever for customers to book a BarBees experience. This convenience, combined with the company’s unique offering, has made BarBees a popular choice for special events and celebrations across the country.

How Much Is BarBees Mobile Cocktail Class Worth?

As of 2024, BarBees Mobile Cocktail Class is estimated to be worth around $1.2 million, reflecting the company’s growth in revenue, market expansion, and the successful partnership with Daniel Lubetzky. The company’s valuation has increased since its appearance on Shark Tank, driven by the expansion into new markets and the ability to offer services nationwide.

The company’s unique business model, which combines education, entertainment, and convenience, has positioned BarBees as a leader in the mobile cocktail class industry. With continued support from Daniel Lubetzky and a focus on scaling operations, BarBees’ net worth is expected to continue rising as the business grows.

Is BarBees Mobile Cocktail Class Still in Business?

Yes, BarBees Mobile Cocktail Class is still in business and thriving. The company has successfully leveraged the exposure from Shark Tank to expand its services nationwide and increase its customer base.

 Jess Blakley and Willow Sprague remain committed to growing their business, offering both in-person and virtual classes to customers across the country.

With the continued support of Daniel Lubetzky, BarBees is focused on scaling its operations, improving its booking platform, and exploring new opportunities for growth. The company’s innovative approach to cocktail-making classes has made it a popular choice for a wide range of events, and BarBees is well-positioned for continued success.

Which Episode Number was BarBees on Shark Tank?

BarBees Mobile Cocktail Class was featured in Episode 12 of Shark Tank Season 15. In this episode, Jess Blakley and Willow Sprague presented their business to the sharks, showcasing their innovative approach to cocktail-making classes.

 The episode highlighted the company’s growth from a small bartending service in Nashville to a thriving mobile cocktail class business with national ambitions.

FAQs

Which Shark Tank season featured BarBees Mobile Cocktail Class?
BarBees Mobile Cocktail Class was featured in Season 15 of Shark Tank.

Did BarBees Mobile Cocktail Class get a deal on Shark Tank?
Yes, BarBees Mobile Cocktail Class secured a deal with Daniel Lubetzky for $75,000 in exchange for 20% equity.

How much was BarBees Mobile Cocktail Class asking for on Shark Tank?
BarBees Mobile Cocktail Class was asking for $75,000 in exchange for 10% equity.

Where is BarBees Mobile Cocktail Class available?
BarBees Mobile Cocktail Class is available in ten cities across the United States and also offers virtual classes worldwide.

Can I book BarBees Mobile Cocktail Class online?
Yes, BarBees Mobile Cocktail Class can be booked online through their website, offering both in-person and virtual class options.

Is BarBees Mobile Cocktail Class expanding to more cities?
Yes, BarBees Mobile Cocktail Class is actively expanding its services to more cities across the United States.