Bouquet Bar Update | Shark Tank Season 9

David Yusuf, Sal Aziz, and Alex Amidi own a high-end floral design company and noticed a gap in the gifting market. Their clients often requested elegant and personalized gift arrangements, but existing options fell short. To fill this gap, they created Bouquet Bar, a service offering beautifully designed gift boxes for various occasions and budgets, with or without flowers. Let’s find out if they were fortunate enough to secure a deal in our Bouquet Bar update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Bouquet Bar after Shark Tank.

David, Sal, and Alex appeared on Shark Tank Season 9 to pitch their company, Bouquet Bar. They sought $150,000 in exchange for 10% equity. After their pitch, they secured a deal with Mark Cuban for $150,000 for 20% equity.

In terms of a Bouquet Bar update, the company struggled with rising shipping costs and high customer acquisition expenses. These challenges led to its closure in 2019, with the founders returning to their respective personal brands.

Shark	Result
Mark Cuban	Accepted offer of $150,000 for 20% equity
Sara Blakely	No offer
Lori Greiner	No offer
Kevin O’Leary	No offer
Daymond John	No offer

Shark Tank Bouquet Bar Pitch

• Entrepreneurs: David Yusuf, Sal Aziz, and Alex Amidi
• Business: Online Gifting Platform
• Ask: $150,000 for 10% equity
• Result: $150,000 for 20% equity
• Sharks: Mark Cuban

David, Sal, and Alex began their pitch by addressing the universal challenge of finding the perfect personalized gift for that special occasion. 

They sought an investment to scale their company, Bouquet Bar, which offers a solution to this common problem.

Bouquet Bar provides pre-designed gift boxes curated for various occasions, such as birthdays, weddings, and anniversaries. 

Customers also have the option to create custom boxes by selecting from a variety of popular gift items, such as chocolates, bath bombs, cacti, and roses. 

Each gift is presented in high-quality, attractive packaging, catering to busy individuals who want to give thoughtful presents without the hassle of elaborate gift wrapping or selection. 

Additionally, Bouquet Bar appeals to those who enjoy personalizing gifts, which is a win for people who love to express their personality.

Bouquet Bar had been operating for about four months at the time of their Shark Tank appearance. The sharks asked about the different gift box sizes available for purchase. 

The entrepreneurs explained that they offer a variety of customizable gift boxes. Customers can mix and match items such as candy, candles, and other small gifts within a single order.

For those seeking a grander gesture, larger gift box options also include beautiful flowers.

The sharks appreciated the quality of the boxes. A small box costs $20 to produce and sells for $50, a medium box costs $34 and sells for $75, and a large box costs $68 and sells for $155. 

Shipping costs range from $12 to $15, depending on your location.

In their four months of operation, they have made $100,000 in sales revenue, although the business is not yet profitable.

Concerns arose when the sharks learned that the entrepreneurs had invested $600,000 of their own money into Bouquet Bar, with half spent on product development. 

However, they had enough inventory to achieve a $1.2 million sales projection and were ready to scale.

Lori Greiner said the product was too similar to Sugarfina and dropped out. 

Guest shark Sarah Blakely agreed with Lori and also opted out as well. 

Daymond John felt that too much education was required for the market and exited the deal. 

Kevin O’Leary was concerned about high customer acquisition costs, so he went out.

Ultimately, Mark Cuban offered $150,000 for a 20% equity stake, stating that his offer was non-negotiable. The entrepreneurs take the deal.

Was that the right call for David, Sal, and Alex? Let’s find out in our Bouquet Bar update.

Shark Tank Bouquet Bar Update

Our Bouquet Bar update research revealed that the deal with Mark Cuban never materialized.

Shortly after Shark Tank, Bouquet Bar enjoyed early success and formed partnerships with major corporations like Facebook and Google. 

However, our Bouquet Bar update found they struggled to maintain momentum due to rising shipping costs and high customer acquisition expenses. 

As a result, Bouquet Bar went out of business in December 2019.

Since then, the founders have returned to their respective brands.

Alex and David returned to their floral design business, Square Root Designs, while Sal returned to his digital agency, Adaptive Media. 

Although Bouquet Bar’s unique approach to personalized gift boxes had potential, the financial challenges proved too significant to overcome.

It appears this is our final Bouquet Bar update.

You can find the other company updates from Season 9 Episode 19 here:

• The Wingman Update
• Zuvaa Update
• Saucemoto Update

Before you go, be sure to check out our Shark Tank Season 9 page for more updates!