Bridal Babes Episode 6 Update Shark Tank Season 14

Bridal Babes Episode 6 Update Shark Tank Season 14

Charles and Ashley Young entered Shark Tank Season 14 with high hopes of securing a $250,000 investment in exchange for 10% equity in their company, Bridal Babes.

This fashion brand specializes in providing glamorous and comfortable wedding attire for brides and bridesmaids, specifically designed to cater to women of all shapes, shades, and sizes.

Let’s explore whether the Youngs were able to secure a deal with the sharks and delve into the current status of Bridal Babes in this comprehensive update.

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What Is Bridal Babes? How Does It Work?

Bridal Babes is a fashion brand that specializes in designing wedding and bridesmaid dresses that cater to women of all sizes and skin tones. The company offers two main collections: the Classic Collection and the Luxe Collection, each designed with comfort, style, and affordability in mind. The brand also offers virtual consultations, where customers can receive personalized advice and even fabric samples to ensure they find the perfect dress.

Bridal Babes stands out in the wedding industry by focusing on inclusivity and diversity, making sure that every woman can find a dress that makes her feel beautiful and confident on her special day. The brand’s strong social media presence and customer-focused approach have been key to its success.

Shark Tank Bridal Babes Update

When Charles and Ashley Young pitched their company Bridal Babes on Shark Tank during Season 14, Episode 6, they sought $250,000 for 10% equity, valuing their company at $2.5 million.

Bridal Babes specializes in inclusive bridesmaid dresses designed to flatter a variety of body types, featuring a unique stretch fabric that resembles satin but offers more comfort.

The couple successfully secured a deal with guest shark Emma Grede, who offered $250,000 for 20% equity in the company. The Youngs highlighted that their dresses, which range from sizes 2 to 32, are affordable, with production costs around $13.31 for their classic collection, retailing at approximately $44.05, and their luxury collection costing $67 to produce and selling for about $228

Their pitch highlighted the brand’s commitment to inclusivity and representation, providing wedding attire that flatters all body types and skin tones.

The sharks appreciated the brand’s mission but were concerned about the valuation and potential profitability.

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Bridal Babes’ Key Figures and Margins

The Classic Collection from Bridal Babes has a manufacturing cost of around $14 and sells for just over $40, offering a significant profit margin. The more luxurious Luxe Collection is priced at approximately $200 with a production cost four times lower, showcasing the brand’s ability to generate high margins.

Bridal Babes had already amassed a substantial online presence with over 90,000 followers on Instagram, which had significantly boosted their sales. The company reported $2 million in lifetime revenue, with a 70% margin on direct-to-consumer sales.

Shark Offers and Final Deal

While Robert Herjavec and Kevin O’Leary appreciated the business and wished it well, they didn’t see how they could add value and opted out. However, Emma Grede, known for her expertise in the fashion industry, recognized the brand’s potential.

 She offered $250,000 but for 20% equity instead of the 10% that the Youngs had initially proposed. After a brief discussion, Charles and Ashley accepted her offer, solidifying a partnership with Emma.

What Happened To Bridal Babes After Shark Tank?

The Shark Tank effect significantly boosted Bridal Babes’ visibility and sales. The exposure from the show, combined with the partnership with Emma Grede, positioned the company for accelerated growth. Emma’s expertise in fashion and branding provided invaluable mentorship, allowing Bridal Babes to refine their product offerings and marketing strategies.

Following the episode’s airing, the company saw a surge in website traffic and an increase in orders. The collaboration with Emma helped Bridal Babes to scale their operations and expand their product line, catering to an even broader audience.

Since their appearance on the show, Bridal Babes has continued to thrive, leveraging their strong social media presence, which boasts over 90,000 followers. They reported lifetime sales of $2 million prior to the show and have experienced increased visibility and sales since airing.

Bridal Babes Shark Tank Pitch Summary

How Much Is Bridal Babes Worth?

As of January 2024, Bridal Babes is estimated to have a net worth of around $3.3 million. This growth is largely attributed to the company’s increased visibility following its appearance on Shark Tank, as well as the strategic guidance provided by Emma Grede.

The company’s focus on inclusivity, combined with its effective use of social media, has helped it capture a significant share of the wedding market.

Is Bridal Babes Still In Business?

Yes, Bridal Babes is still very much in business as of January 2024. The company continues to thrive, offering a wide range of wedding and bridesmaid dresses that cater to women of all shapes, sizes, and shades.

The partnership with Emma Grede has played a crucial role in the company’s ongoing success, allowing Bridal Babes to expand its product line and reach new customers across the United States and beyond.

Which Episode Number Was Bridal Babes Shark Tank?

Bridal Babes appeared on Shark Tank Season 14, Episode 5, which aired on October 21, 2022. During this episode, Charles and Ashley Young successfully secured a deal with Emma Grede, who invested $250,000 for 20% equity in the company.

Bridal Babes has successfully leveraged its appearance on Shark Tank to accelerate its growth and expand its reach in the competitive wedding market. With the backing of Emma Grede and a strong focus on inclusivity and customer satisfaction, Bridal Babes is well-positioned to continue its upward trajectory in the coming years.

The company’s commitment to offering stylish, affordable, and comfortable wedding attire for women of all shapes and sizes has resonated with customers, ensuring that Bridal Babes remains a popular choice for brides and bridesmaids alike.