Ready Festive, the innovative home decor subscription box service, made a splash on Season 14 of Shark Tank. Founded by the dynamic duo of Liz Voelker and Kristina Barnes, this company has taken the home decor world by storm with its customizable seasonal and holiday-themed boxes. In this blog post, we’ll dive into Ready Festive’s journey, from their successful pitch on Shark Tank to their current business status and the impact of their appearance on the show.
The Ready Festive Pitch and Deal at Shark Tank
Liz Voelker and Kristina Barnes entered the Shark Tank with an ambitious goal: to secure an investment for their rapidly growing company, Ready Festive. Liz Voelker asks: for $250,000 for 10% equity for his company. Their unique offering of customizable seasonal and holiday-themed boxes caught the attention of the Sharks, with more than a dozen base options for customers to choose from.
During their pitch, the entrepreneurs revealed that users must sign up for at least three seasons or holidays and can pay through a subscription plan or upfront entirely. The prices for the boxes range between $70 and $150, depending on the size. Despite some initial hesitation from a few Sharks, Robert Herjavec saw the potential in Ready Festive and offered $250,000 for 18% equity, which Liz and Kristina accepted.
Is Ready Festive Still in Business?
Yes, Ready Festive continues to thrive and grow following its successful appearance on Shark Tank. The company has experienced a significant increase in website traffic and interest from potential customers since the episode aired. With the support and guidance of Robert Herjavec, Liz and Kristina are well-positioned to take their business to new heights.
What Was Ready Festive Net Worth?
Prior to their appearance on Shark Tank, Ready Festive had already demonstrated impressive growth. The company generated over $1.5 million in gross lifetime sales within just three years of operation. This rapid success caught the attention of the Sharks and ultimately led to their successful deal with Robert Herjavec.
While the exact current net worth of Ready Festive is not publicly disclosed, the company’s continued growth and the support of a seasoned investor like Robert Herjavec suggest a bright future ahead.
Impact of Shark Tank on Ready Festive
Appearing on Shark Tank has had a profound impact on Ready Festive’s business. The exposure gained from being featured on a nationally televised show has led to a surge in website traffic and increased brand recognition. The deal with Robert Herjavec not only provided the company with a significant financial boost but also gave them access to his extensive business knowledge and network.
With this newfound support and exposure, Ready Festive is well-equipped to expand their customer base, refine their offerings, and solidify their position as a home decor subscription box market leader.
Business Overview
Ready Festive’s success lies in its unique and customizable approach to home decor. By offering seasonal and holiday-themed boxes, the company taps into the ever-changing needs and desires of homeowners looking to keep their living spaces fresh and festive. The subscription-based model ensures a steady stream of revenue and fosters long-term customer relationships.
As the company continues to grow, Liz and Kristina remain committed to providing high-quality, curated home decor items that cater to a wide range of tastes and styles. With the guidance and support of Robert Herjavec, Ready Festive is poised for even greater success in the years to come.
Conclusion
Ready Festive’s journey from a small start-up to a Shark Tank success story is a testament to the hard work, dedication, and innovative thinking of its founders, Liz Voelker and Kristina Barnes. Their appearance on the show not only secured a significant investment from Robert Herjavec but also provided invaluable exposure and validation for their business model.
As Ready Festive continues to grow and thrive, it serves as an inspiration for aspiring entrepreneurs and a shining example of the power of a unique idea coupled with unwavering determination. With the ongoing support of Robert Herjavec and a loyal customer base, the future looks bright for this innovative home decor subscription box service.
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