Bill Webster Sr. and his son appeared on
Shark Tank Garage Celebrations Update
- Entrepreneurs: Bill Webster Sr. and Bill Webster Jr.
- Business: Festive Garage Door Covers
- Ask: $200,000 for 20% equity
- Result: $200,000 for 30% equity
- Sharks: Mark Cuban
While the Garage Celebrations is brand new, the sharks were shocked to hear that the company had already generated more than $175,000 in gross sales for festive garage covers during Halloween. In terms of margins, a single garage door cover costs $35 to manufacture and sells for just over $100 per unit.
Barbara Corcoran has concerns about the valuation and ultimately didn’t like the design of the garage door covers, so she dropped out first. Lori Greiner had similar concerns and didn’t feel comfortable making an investment either.
Mark Cuban was one of the final chances for Garage Celebrations to earn a deal, and felt that it would be a good product to pair with the Dallas Mavericks. However, he wanted 30% equity in exchange for his $200,000 investment. Despite the high equity ask, the father-son pairing accepted Mark’s offer shortly after hearing it.
Now that we’ve covered the important details about how the negotiations concluded, let’s get a Garage Celebrations update.
After airing on
We got the chance to speak with Bill Webster Jr. to get an official Garage Celebrations update, and it turns out that things are going well. “We have quadrupled our revenue and have licensed many new designs,” Bill told us.
He shared that they have partnerships with Peanuts and Disney in the works, with more coming soon. Even better, Bill shared that their covers will be for sale in select Lowe’s and Ace Hardware stores, which will hopefully lead to a larger rollout if things go well.
Bill also shared with us that they are taking customer feedback and ideas to make improvements on the product. “We have lots of exciting new designs and partnerships coming online in late 2023 and 2024 that will blow people’s minds,” Bill told us.
We can’t wait to see what happens next and will be sure to let you know what happens in our next Garage Celebrations update.
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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!