Shark Tank Taverns To Go Update

Taverns To Go Update | Shark Tank Season 16

Many people love the camaraderie of a bar but don’t always feel like leaving home. So, Enda Crowley and Paul Convey created Taverns To Go, a backyard bar that brings the bar experience to you. It’s fully assembled in only 90 minutes, and with 25 models crafted for any climate, it’s perfect for elevating home gatherings. Is this an idea the sharks would raise a glass to? Let’s find out in our Taverns To Go update and pitch recap.

SharkResult
Lori GreinerAccepted offer of $400,000 for 15% equity plus a $30 royalty until $600,000 is paid back
Kevin O’Leary$400,000 for 33.3% equity 
Mark CubanNo offer
Todd GravesNo offer
Daymond JohnNo offer

Shark Tank Taverns To Go Pitch

Shark Tank Taverns To Go Update
  • Entrepreneurs: Enda Crowley and Paul Convey
  • Business: Backyard bar manufacturing and delivery
  • Ask: $400,000 for 10% equity
  • Result: $400,000 for 15% equity plus a $30 royalty until $600,000 is paid back
  • Shark: Lori Greiner

Enda and Paul entered Shark Tank on a mission to bring the lively spirit of an Irish pub straight into backyards across America.

They’re asking for a $400,000 investment to expand operations, streamline deliveries, and make their Taverns To Go accessible to even more customers.

With their construction expertise and passion for celebration, they’re raising a toast to the sharks for a chance to grow their business.

Taverns To Go brings the bar experience to your backyard with portable and customizable bar designs perfect for any occasion.

These bars are made from pressure-treated lumber and built to handle any climate.

Customers can choose from over 25 models. The team delivers and assembles each bar in 90 minutes or less, depending on the customer’s location.

It costs $2,200 to manufacture, including assembly and shipping. Then, it sells for $3,795, yielding a margin of 42% per unit.

Delivery is sometimes free but can cost up to $590, depending on the location.

Enda and Paul tell the sharks they started their business in 2020, during the COVID-19 pandemic, with an initial investment of a few hundred dollars to build the first bar.

To date, they have achieved $2.2 million in sales this year alone and are on track to reach $4 million in revenue by year-end.

Cumulatively, the company is about to surpass $10 million in total revenue.

They operate with in-house crews for both manufacturing and delivery.

Using a route-based system, their trucks can deliver up to 20 bars per trip to states like California and Illinois. Their customer acquisition cost is approximately $200 to $250 per customer.

The profit margin is stated to be 30%-40%, and they project solid free cash flow. The wait time for delivery depends on the location, with states like California requiring 4-6 weeks.

Kevin O’Leary jokes about wanting to be the “third Irish dude” on the team and expresses interest in the business.

He offers $400,000 for 33.3% equity and promises to help scale the business through social media while reducing customer acquisition costs.

Guest shark Todd Graves says he loves the entrepreneurs and would definitely order a bar for himself. However, he feels there are other sharks more suited for the investment. He’s out.

Mark Cuban says he’s a drinker but not a ‘construction guy.’ He’s out as well.

Similarly, Daymond John says he would definitely be a customer, but he’s not into construction. He declined to invest.

Lori Greiner makes an offer of $400,000 for 15% equity, adding a $30 royalty per unit until she recoups $600,000.

Enda and Paul counter Lori’s offer with 12.5% equity, but she stands firm on her offer.

After a moment of consideration from both entrepreneurs, they decided to go with her offer.

Let’s see what happened next in our Taverns To Go update.

Shark Tank Taverns To Go Update

Since their appearance on Shark Tank, Taverns-To-Go has experienced significant growth and development.

Our Taverns To Go update found that the company has increased its product line to include The Temple Bar (Small), The Castlebar (Medium), The Dunbar (Large), and The 7-Up (X-Large).

Furthermore, they have expanded operations with locations in Paterson, New Jersey, Tampa, Florida, and South San Francisco.

In addition, Taverns To Go has built over 4,000 bars nationwide, providing customizable backyard bars delivered and assembled on-site.

Our research into the Taverns To Go update found that they now offer financing options to make their products more accessible to a broader customer base.

If you’re interested in buying one, their Instagram account showcases various models, customer testimonials, and updates on new products and services.

We will be back with another Taverns to Go update when we hear more!

For other company updates from Shark Tank Season 16 Episode 6, look below:

Before you go, be sure to check out our list of all the Shark Tank Season 16 products.

Marvin
Marvin Uzor
Content Writer |  + posts

Marvin Uzor is a content contributor for Shark Tank Recap. He specializes in crafting engaging, well-researched content that delve into the latest Shark Tank stories, keeping readers hooked. He has a soft spot for his favorite Shark Tank companies, Bombas and Doorbot, known for their innovation and impact.