BEATBOX ALCOHOL TV
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show.
BEATBOX ALCOHOL UPDATE
The result: DEAL with Mark Cuban! BeatBox Beverages Shark Tank Update Justin counters with $1 million for 33% and Mark says he’ll do a deal. He thinks he’s best suited to grow it quickly and offers $600K for 33%. Mark doesn’t see it as a wine product and thinks they need to grow faster. Kevin offers $200K for 20% because he’s worth twice as much as Barbara and he knows the space. Kevin thinks getting distribution will be difficult. Wonderful explains how beverages that go viral can kill it in some markets, but get killed in others. Justin explains they want to expand by tastings, Mark thinks it’s a bad way to leverage it better. They started with $55K and $100K in debt. The business earned $245K in 14 months with half of those earnings from the most recent quarter. They explain they started by self distributing and didn’t have time to market it. They have an expensive bottle of wine on a table and call it BORING! Then they wheel out the Beatbox Beverages and explain the product, calling it a “party in a box.” They hand out samples to the Sharks Lori and the other Sharks like it. Justin, Brad, and Aimey enter the Tank seeking $200K for 10% of the business. Will BeatBox Beverages toast to a deal with a Shark? BeatBox Beverages Shark Tank Recap They are likely looking for a Shark to help with national distribution. One of the obstacles facing alcohol sales is the product must be licensed in each state individually, which can be a cumbersome and time-consuming process. They will be selling online nationally “soon” according to their website. So far, Beat Box Beverages only sells in Texas.
Unlike Kickstarter, which doesn’t disburse funds until a funding goal is met or exceeded, IndieGoGo allows entrepreneurs to keep all money raised, whether the goal is met or not. The company, founded in 2012, had an unsuccessful IndieGogo Campaign in early 2013. At $19.99 per box, it delivers a lot of bang for your buck! Each box of BeatBox beverages holds 5 liters, enough for over 30 5 ounce servings. The drink is 22 proof and 11.1% alcohol by volume it’s low calorie (about 40 calories per serving) too. Rather than tote a 30-pack of beer or a box of wine to a gathering, he decided to create mixed drinks in a box.īeatBox Beverages are actually made from orange wine and they come in four flavors: Blue Razzberry Lemonade, Cranberry Limeade, Box A’Rita, and Texas Tea (available in Texas only). BeatBox Beverages came to be when Justin wanted an alternative drink to bring to parties and events. The team, along with two other co-founders, met in business school in Austin, TX. Looking for a place to eat? It's all in Google Maps: browse nearby restaurants, find one you like, check out the dining environment, and even make reservations.Justin Fenchel, Brad Schulz, and Aimey Steadman seek an investment for BeatBox Beverages, mixed drinks in a box, in episode 604. The wonderful world is all around you, waiting for you to discover. You can see everything from the highest peak to the lowest canyon.
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