Shark Tank The Yes Girls Update

The Yes Girls Update | Shark Tank Season 17

In a bid to take away the burden from modern-day proposal planning, Joseph and Riley Canty bring The Yes Girls to Shark Tank. The idea is built around planning luxury marriage proposals. They help you manage every single detail in a typical proposal setting, so you only have to show up to propose and leave. Is this the kind of idea that the sharks would love to bet their money on? Find out in The Yes Girls update and pitch recap below.

SharkResult
Kevin O’LearyNo offer
Barbara CorcoranNo offer
Lori GreinerNo offer
Chip and Joanna GainesNo offer
Daniel LubetzkyNo offer

Shark Tank The Yes Girls Pitch

Shark Tank The Yes Girls Update
  • Entrepreneurs: Joseph and Riley Canty
  • Business: A marriage proposal planning service
  • Ask: $85,000 for 15% equity
  • Result: No deal
  • Shark: None

Joseph and Riley came to pitch a business that they originally bought for $250,000 from an Air Force pilot’s wife. But they revealed to the sharks that they still owed about $180, 000 on that loan.

Entering Shark Tank, the husband and wife duo introduced The Yes Girls as a luxury proposal planning company based in Orange County, California.

To put it simply, they help people plan and execute marriage proposals from start to finish.

Operating as a full-on service model, clients come in with their request at whatever stage, and they make that dream a reality.

Riley and her team handle everything from the location, vendors, photography, florals, timing, and setup. The client only shows up to ‘pop’ the question.

The business isn’t limited to a particular location; they have, over the years, expanded their reach into multiple cities nationwide.

Mr wonderful jokingly asks what happens when the response is a resounding NO. Well,  Joseph clarified that it has never happened in their 17 years of operation. They have had a 100% success rate.

Most of their luxury proposals cost between $15,000 and $25,000, depending on the venue and vendors involved. The entrepreneurs reveal that the biggest event they have handled was around $150,000, from which they earned $50,000 from.

Their average margin sits at 28% after paying vendors.

In terms of growth and customer acquisition, they have relied on organic means – brand reputation, word of mouth, Google search ranking, and ChatGPT recommendations.

Lori Greiner wanted more clarity on their structure. Joseph broke down their three-package model. Standard, premium, and custom. Entry-level clients may spend around $5,000 total. For standard packages, The Yes Girls earns a $1,500 planning fee. Their advantage is pre-negotiated vendor pricing across cities, which keeps costs predictable and execution consistent.

In terms of revenue, the company brought in $374,000 across 94 events in the previous year. This year’s projection was slightly lower, just over $300,000.

Daniel Lubetzky is the first shark to bow out. While he admired their passion, he says that proposals are very personal.

Kevin O’Leary goes out citing scalability concerns. Lori acknowledged their strong word-of-mouth marketing but didn’t see a need for a partner. Barbara Corcoran echoed Lori’s point of view and went out too.

Chip and Joanna Gaines praised their mission and attention to detail, but worried about scaling Riley’s personal touch across cities.

In the end, Joseph and Riley left with no deal in hand. Is this the end of the road for them?  To find out, check out The Yes Girls update below.

Shark Tank The Yes Girls Update

In terms of The Yes Girls update, the company received lots of interest from couples across the country shortly after their episode aired.

To celebrate their Shark Tank appearance, they are currently offering a limited-time promotion.

If you have a surprise proposal coming up, you might want to take advantage of that offer right now via their official website before it goes away.

Despite not getting a Shark Tank deal, the company seems to be on the right trajectory. We will monitor their progress closely and report it in our next The Yes Girls update.

For more updates from Shark Tank Season 17 Episode 11, be sure to check the links below:

Before you go, be sure to check out our list of all the Shark Tank Season 17 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.