Ready Festive Shark Tank Episode 9 Update & Net Worth
Ready Festive Shark Tank Episode 9 Update & Net Worth Ready Festive is a unique business that offers customizable home decor boxes for holidays and seasons. Co-founders Liz Voelker and Kristina Barnes appeared on Shark Tank Season 14, Episode 9, seeking an investment of $250,000 for 10% equity. After some negotiation, they secured a deal…
Ready Festive Shark Tank Episode 9 Update & Net Worth
Ready Festive is a unique business that offers customizable home decor boxes for holidays and seasons. Co-founders Liz Voelker and Kristina Barnes appeared on Shark Tank Season 14, Episode 9, seeking an investment of $250,000 for 10% equity.
After some negotiation, they secured a deal with Robert Herjavec for $250,000 in exchange for 18% equity. Since the show aired, Ready Festive has continued to grow, leveraging the increased visibility and strategic partnership. The company’s current net worth is estimated to be $1.5 million.
What is Ready Festive? How Does it Work?
Ready Festive is a subscription box service that delivers seasonal and holiday-themed home decor directly to customers’ doors. Customers can choose from a variety of themes, such as Valentine’s Day, Halloween, Christmas, and more. Each box is customized based on the customer’s preferences and is delivered 3-4 weeks before the holiday or season.
The company offers three different box sizes—mini, standard, and deluxe—with prices ranging from $69 to $159. Customers are required to subscribe for at least three boxes per year, making it a convenient way to ensure their home is always seasonally decorated.
Ready Festive Shark Tank Episode 9 Season 14: What Happened at Shark Tank Pitch?
During their pitch on Shark Tank, Liz Voelker and Kristina Barnes showcased their business model and explained how Ready Festive makes decorating for holidays and seasons easier and more personalized.
They revealed that the company had generated $1.5 million in lifetime sales over three years. The sharks were impressed with the sales numbers but had mixed feelings about the business’s scalability and the overall market size.
Mark Cuban and Kevin O’Leary both decided not to invest, citing concerns about the business’s growth potential. Lori Greiner also opted out, feeling that the business did not require a shark’s involvement to succeed.
However, Robert Herjavec saw potential in the company’s operational efficiency and made an offer of $250,000 for 20% equity. After some negotiation, they settled on 18% equity, securing a strategic partnership with Robert.
Ready Festive Shark Tank Pitch Summary
| Company Name | Ready Festive |
| Founder | Liz Voelker and Kristina Barnes |
| Product | Customized seasonal and holiday decor boxes |
| Amount Asked For | $250,000 for 10% equity |
| Final Deal | $250,000 for 18% equity |
| Investor | Robert Herjavec |
| Season & Episode | Season 14, Episode 9 (Shark Tank USA) |
| Lifetime Sales | $1.5 Million estimated |
| Business Status | In Business |
| Current Net Worth | $1.5 Million estimated |
What Happened To Ready Festive After Shark Tank?
Following their appearance on Shark Tank, Ready Festive experienced a surge in website traffic and sales, particularly as the episode aired right before the holiday season. This timing allowed the company to capitalize on the increased visibility, leading to a significant boost in orders.
The company also began exploring new partnerships and expanding its product line, with plans to introduce new themes and decor items for various holidays throughout the year.
In an interview after the show, Kristina Barnes mentioned that they had received over 50,000 website visits in the weeks following the episode, causing occasional website crashes due to the high traffic.
The company has also been working on improving its margins and customer acquisition strategies, with the help of Robert Herjavec.
How Much Is Ready Festive Worth?
The current net worth of Ready Festive is estimated to be $1.5 million. This valuation comes after the successful partnership with Robert Herjavec and the subsequent increase in sales and visibility following their Shark Tank appearance.
The seasonal decorations market in the United States is valued at approximately $28 billion, indicating significant growth potential for Ready Festive as they continue to expand their product offerings and customer base.
Is Ready Festive Still in Business?
Yes, Ready Festive is still in business as of April 2024. The company continues to operate out of San Francisco, California, serving customers across the United States. They have maintained their focus on delivering high-quality, customizable decor boxes and have seen steady growth since their Shark Tank appearance.
With the continued support of Robert Herjavec, Ready Festive is well-positioned for future success, particularly as they expand into new markets and explore additional product lines.
Which Episode Number was Ready Festive Shark Tank?
Ready Festive was featured on Shark Tank Season 14, Episode 9, which aired on December 9, 2022. The episode highlighted the company’s unique approach to seasonal home decor and resulted in a successful partnership with Robert Herjavec.
