Standard vending machines are filled with soda and chips and aren’t healthy. That’s why brothers Stuart and Peter Shapiro have gone into business selling healthy smoothie kiosks. Will their company earn a deal on
Shark Tank Bleni Blends Update
- Entrepreneurs: Stuart Shapiro and Peter Shapiro
- Business: Smoothie kiosk, vending machine
- Ask: $250,000 for 6% equity
- Result: $250,000 for 35% equity + $500,000 line of credit
- Sharks: Lori Greiner and Daniel Lubetzky
Stuart and Peter brought their Bleni Blends vending machine kiosk to
A single machine averages $8,000 per month. The machines do require refilling and maintenance occasionally, which takes away from profits.
Bleni Blends launched in 2020 with just $10,000 in profits. Those revenues grew to $250,000 in 2021. During 2022, they expected to generate $1.5 million in gross revenue.
Building a brand new machine costs $19,500 to manufacture, and sells for $30,000. Kevin O’Leary wasn’t interested, so he dropped out.
Guest shark Daniel Lubetzky and Lori Greiner were interested in partnering on a deal, so they offered $250,000 for 35% equity. They were also willing to accommodate a $500,000 line of credit.
Stuart and Peter decided to accept the offer.
With a deal from Daniel and Lori, what happened next for the company? Keep reading our Bleni Blends update to find out!
We have great news to share in our Bleni Blends update! The company is still in business and has several locations featured on its website, spanning from coast to coast across the United States.
With the exposure from
Do you want to learn about the other companies featured in Season 14 Episode 18? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!