The Bouqs Bouquet on Shark Tank
Online Flower Delivery - Episode 526 - 5/2/2014
|The Bouqs Flat Fee Flowers|
direct from the growers
With just about every flower delivery service enticing you with low prices before the upgrades and shipping are added to the final bill, The Bougs Bouquet's charge a single price of only $40.00 including shipping. Choose between dozens of the freshest flowers possible that never gets picked until you order them first.
Tabis is looking to take a major bite out of the flower delivery business by completely eliminating the middleman, and having your personalized bouquet sent directly from growers in Ecuador that guarantee's to be the freshest flowers possible.
By implementing a simple 3-click checkout with a flat rate $40.00 per order, The Bouqs sold their 10,000th Bouquet within the first 6 months of going into business. Earlier last year, The Bouqs successfully raised $1.1 million in seed funding from Quest Venture Partners and Siemer Ventures along with reputable angel investors Mich Mathews, former CMO of Microsoft, Dennis Phelps, a partner at Institutional Venture Partners, Andy Dunn, CEO/founder of Bonobosa, and Brian Spaly, CEO/founder of Trunk Club. This all happened just before John Tablis trying out for the Shark Tank Show, and certainly gave him a big boost of confidence when negotiating with the Sharks.
The Bouqs before the Shark Tank Update
Now here's where this story gets interesting and should make for one of the most memorable rounds of negotiating in Shark Tank History. By watching the previews for this episode 526, we already know John will be asking the Sharks for $258,000.00 for a 3% equity stake in this 100% online flower delivery business barely over a year old.
I don't know about you, but I can't remember a single Shark Tank Contestant ever making a deal with the Sharks offering such a small percentage of any business that's ever been on the Show. Grant it 3% of a very unique and perhaps the easiest way to buy the freshest flowers online could soon be worth a small fortune, the Sharks usually prefer a much larger percentage before they would even consider investing their money, and more importantly their time. This should be most interesting learning how and why John came up with $258k for a 3% stake which is a little out of the ordinary, to say the least.
But either way, if the Sharks like The Bouqs as a business opportunity or not, millions of people are going to love this new simple way of buying the freshest flowers directly from the growers, and completely eliminating the middleman. My guess is the Sharks will see this as a fantastic opportunity and will offer more money for a larger percentage of this unique business.
Be sure to tune in this Friday night for the first ever 2 Hour Shark Tank Special featuring The Bouqs Bouquets, and some of the most successful products ever seen on the Best Business Reality Show in History. Do you know what's the most successful product ever featured on Shark Tank? I have my guess which company has become the most successful thus far, with a product that didn't even get a deal from the Sharks but now available in several locations all over town.