Imagine a world where your home automatically gears up for every holiday or season, brimming with festive charm and joy. That’s the world Liz Voelker and Kristina Barnes envisioned when they founded Ready Festive, a unique subscription service delivering customizable home decor for every season and holiday.
Ready Festive eliminates the stress of decorating your abode for each season or holiday, providing elegant and on-trend decor right at your doorstep.
The Ready Festive Shark Tank Pitch and Deal
When Liz Voelker and Kristina Barnes walked into the Shark Tank, they had a clear goal in mind. They were seeking an investment of $250,000 in exchange for 10% equity in their company, Ready Festive. Their pitch was met with interest, especially from Robert Herjavec, a shark known for his love of the holiday season.
Robert was impressed with the business model of Ready Festive and its performance. The company had made over $1.5 million in lifetime sales by summer 2022, with annual sales increasing year-on-year. They had made $250,000 in 2020, $500,000 in 2021, and projected sales of $1.6 million in 2022.
Moreover, Ready Festive was profitable from its first year of operation, expecting to make a profit of $300,000 in 2022. Seeing the potential, Robert offered $250,000, but for 18% equity, slightly more than what Liz and Kristina were initially offering. The entrepreneurs agreed, and a deal was made.
Is Ready Festive Still in Business?
After their successful pitch on Shark Tank, many are left wondering – is Ready Festive still in business today? The answer is a resounding yes. Ready Festive continues to deliver joy and festivity to households, offering their sought-after seasonal and holiday decor boxes.
The deal with Robert Herjavec, just before the 2022 holiday season, propelled the company into the limelight, providing a significant marketing boost. However, it’s important to note that there’s no confirmation that this deal has officially closed.
Following the episode’s airing, the company experienced a surge in traffic, and it’s been preparing for the 2023 holiday season. While detailed financial updates post-Shark Tank are limited, the company’s continued operation and growth hint at a successful journey so far.
So, if you’re looking to bring some extra cheer to your home during the holidays or simply want to refresh your home decor with each changing season, Ready Festive might be the service you’ve been waiting for.
The Current Updates
Today, Ready Festive is thriving more than ever, thanks to its successful pitch on Shark Tank. The company’s commitment to bringing joy and festive charm to households across the country has earned it a loyal customer base. Despite the absence of detailed financial updates post-Shark Tank, the company’s continual operation and evident growth suggest an impressive trajectory.
Ready Festive continues to offer its beloved seasonal and holiday decor boxes, allowing customers to customize their home decor to their liking. The company’s unique value proposition has not only helped it differentiate itself in the market but also cater to the growing demand for personalized, on-trend home decor. The company’s website, social media platforms, and customer reviews all confirm the brand’s solid standing in the home decor market.
While the deal with Robert Herjavec has provided a significant marketing boost, there is no official confirmation of its closure. However, the company’s strong performance post-Shark Tank indicates a promising future. The company was preparing for the 2023 holiday season, following a surge in traffic after the episode’s airing, further suggesting the positive impact of the Shark Tank appearance.
Ready Festive’s Net Worth
As with many private companies, the exact net worth of Ready Festive is not publicly disclosed. However, considering its reported sales and financial growth, it can be inferred that the company is doing well financially. The company had made over $1.5 million in lifetime sales by summer 2022, with annual sales increasing year-on-year.
In 2020, Ready Festive made $250,000, followed by $500,000 in 2021, and projected sales of $1.6 million in 2022. The company was also profitable from its first year of operation, expecting to make a profit of $300,000 in 2022. These figures reveal a positive growth trend, suggesting a healthy financial standing for Ready Festive.
Given the company’s financial performance, its current market position, and the high demand for its product, it can be speculated that Ready Festive’s net worth is likely to be substantial. However, any exact figure would be purely hypothetical without concrete financial data.
Impact of Ready Festive Appearance on Shark Tank
The appearance of Liz Voelker and Kristina Barnes on Shark Tank significantly boosted Ready Festive’s market presence. The exposure not only introduced the brand to a wider audience but also validated its business model and product offering. The deal with Robert Herjavec, a shark known for his love of the holiday season, further bolstered the company’s credibility.
Following the episode’s airing, Ready Festive experienced a surge in traffic, indicating a growth in its customer base. The Shark Tank appearance also created a media buzz around the brand, contributing to its marketing and brand awareness efforts. The company has been gearing up for the 2023 holiday season, suggesting that the Shark Tank effect continues to benefit Ready Festive.
While it’s not confirmed whether the deal with Robert Herjavec has officially closed, the Shark Tank appearance has undeniably had a positive impact on Ready Festive’s growth and visibility. It helped the company gain recognition and attract more customers, paving the way for its current success.
Ready Festive Business Overview
Ready Festive, a unique subscription service, was founded with the aim to bring joy and festive charm to households across the country. The company was created by Liz Voelker and Kristina Barnes, two entrepreneurs who saw a gap in the market for customizable, on-trend home decor for different holidays and seasons.
The service they offer is simple yet effective. Customers can choose from a range of decor boxes – mini, standard, or deluxe, which are priced between $69 and $159. The decor within these boxes can be personalized to each customer’s taste, based on a style quiz they take during the subscription process.
The innovative business model of Ready Festive has not only helped it stand out in the market, but also meet the rising demand for personalized home decor. And it’s not just about offering a product – it’s about offering a solution to the stress of decorating for each season or holiday.
Performance and Growth
Since its inception, Ready Festive has shown a positive growth trend. The company had made over $1.5 million in lifetime sales by summer 2022. Their annual sales have also seen a consistent increase, with earnings of $250,000 in 2020, $500,000 in 2021, and projected sales of $1.6 million in 2022.
What’s more, Ready Festive was profitable from its very first year of operation. The company was expecting to pocket a profit of $300,000 in 2022, a clear indicator of its financial health and growth potential.
The company’s strong performance didn’t go unnoticed. When Liz Voelker and Kristina Barnes presented their business on Shark Tank, they attracted the attention of Robert Herjavec. Known for his love of the holiday season, Robert saw potential in the business and offered $250,000 for an 18% stake in the company.
The Shark Tank Effect
The appearance on Shark Tank gave Ready Festive much-needed exposure, introducing the brand to a larger audience. The company experienced a surge in traffic following the airing of their episode. This increased visibility has undoubtedly contributed to the growth of their customer base.
While there is no official confirmation that the deal with Robert Herjavec has closed, it’s clear that the Shark Tank appearance has had a positive impact on Ready Festive. It’s given the company a boost in recognition and helped attract more customers, setting the stage for its ongoing success.
With the 2023 holiday season on the horizon, Ready Festive is geared up to continue delivering joy and festive charm to households across the country. This is a testament to the company’s strong business model, appealing product offering, and effective marketing strategies.
If you’re looking for a hassle-free way to keep your home decor fresh and seasonal, Ready Festive could be just the service you need.
You may also like:
