Bleni Blends Smoothie Kiosk Shark Tank Episode 18 Update & Net Worth

Bleni Blends Smoothie Kiosk Shark Tank Episode 18 Update & Net Worth

Bleni Blends, a revolutionary smoothie kiosk business, captivated the Sharks during its appearance on Shark Tank Season 14, Episode 18. Founded by brothers Stuart and Peter Shapiro, Bleni Blends offers a healthy alternative to traditional vending machines by providing smoothie kiosks that deliver fresh, natural fruit smoothies and iced coffees in just 60 seconds.

The Shapiro brothers entered the tank seeking $250,000 for 6% equity, valuing their company at $4.1 million.

After an engaging pitch, the brothers secured a deal with Lori Greiner and Daniel Lubetzky, who offered $250,000 for 30% equity along with a $500,000 line of credit. This strategic partnership has helped Bleni Blends scale its operations and expand its presence across the United States. As of August 2024, Bleni Blends is estimated to have a net worth of $714,000.

What Is Bleni Blends? How Does it Work?

Bleni Blends is an innovative smoothie kiosk that combines the convenience of vending machines with the health benefits of fresh smoothies and iced coffees.

Each Bleni Blends machine is designed to prepare and serve a variety of smoothies and iced coffee drinks, all made from real fruits, natural ingredients, and oat milk. The smoothies are dairy-free, gluten-free, and contain no added sugar or artificial flavors.

The machine operates cashlessly, accepting payments through credit cards, debit cards, Apple Pay, Google Pay, and other digital payment methods. Customers can choose from a selection of five smoothies and two iced coffees, all of which are prepared in just 60 seconds.

The machine’s interactive touchscreen allows users to customize their orders, making it easy and convenient to enjoy a healthy drink on the go.

Each Bleni Blends machine occupies just 12 square feet of space, making it ideal for installation in high-traffic areas such as malls, airports, universities, hospitals, and museums. The company claims that the machines are profitable per square foot, offering a lucrative opportunity for business owners and operators.

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Bleni Blends Shark Tank Episode 18 Season 14: What Happened at Shark Tank Pitch?

In Season 14, Episode 18 of Shark Tank, Stuart and Peter Shapiro presented Bleni Blends to the Sharks, seeking $250,000 for 6% equity. The brothers explained their mission to provide healthy, on-the-go options through their smoothie kiosks, highlighting the growing demand for nutritious food and beverages in the fast-paced modern world.

The Sharks were impressed by the taste of the smoothies and iced coffees produced by the Bleni Blends machines. The brothers shared that each machine generates an average of $8,000 per month and that the company had achieved $250,000 in revenue in 2021, with projected sales of $1.5 million for 2022. They also revealed that each machine costs $19,500 to manufacture and is sold for $30,000.

Kevin O’Leary and Daymond John expressed concerns about the valuation and ultimately decided to pass on the opportunity.

However, Lori Greiner and Daniel Lubetzky saw potential in the business and offered $250,000 for 35% equity with an additional $500,000 line of credit. After some negotiation, the deal was finalized at $250,000 for 30% equity plus the $500,000 line of credit.

Bleni Blends Shark Tank Pitch Summary

What Happened To Bleni Blends After Shark Tank?

Following their successful pitch on Shark Tank, Bleni Blends experienced a significant increase in interest and sales. The exposure from the show helped the company secure more locations for its smoothie kiosks, expanding its presence across the United States.

By February 2023, Bleni Blends introduced a new flavor, the Pink Dragon Smoothie, which was tested at Dans Fresh Market and received positive feedback.

The company has continued to grow, with Bleni Blends machines now installed in 53 locations across the United States and Canada, including Children’s National Hospital and UBS Nashville. The strategic partnership with Lori Greiner and Daniel Lubetzky has provided the company with the resources and expertise needed to scale its operations and enhance its product offerings.

Bleni Blends has also focused on improving its technology and user experience, ensuring that the machines are reliable, easy to use, and capable of delivering high-quality smoothies consistently. The company’s commitment to providing healthy, convenient options has resonated with consumers, making Bleni Blends a popular choice in various settings.

How Much Is Bleni Blends Worth?

As of August 2024, Bleni Blends is estimated to be worth $714,000. This valuation reflects the company’s growth and its success in establishing a foothold in the healthy vending machine market. Since its founding in 2019, Bleni Blends has generated approximately $1.5 million in lifetime sales, with annual revenue increasing year over year.

The company’s valuation also considers the potential for future expansion, as Bleni Blends continues to secure new locations and introduce innovative products. The partnership with Lori Greiner and Daniel Lubetzky has also played a significant role in the company’s success, providing the capital and guidance needed to scale the business effectively.

Is Bleni Blends Still in Business?

Yes, Bleni Blends is still in business as of August 2024. The company operates out of Philadelphia, Pennsylvania, and continues to expand its network of smoothie kiosks across the United States and Canada.

With a small but dedicated team, Bleni Blends has managed to maintain its momentum, appealing to health-conscious consumers who are looking for convenient, nutritious options.

The company’s focus on using real fruits, natural ingredients, and oat milk in its smoothies and iced coffees has helped it stand out in the competitive food and beverage industry. As more consumers seek healthier alternatives to traditional vending machine snacks, Bleni Blends is well-positioned to capitalize on this trend and continue its growth.

Which Episode Number Was Bleni Blends Shark Tank?

Bleni Blends appeared on Shark Tank during Season 14, Episode 18, which originally aired on March 31, 2023. The episode marked a significant milestone for the company, as it secured a valuable partnership with Lori Greiner and Daniel Lubetzky, helping to propel the business forward.