1/15/2024 0 Comments Shark tank beatbox drink![]() Thank you for supporting BeatBox day in & day out! You all are amazing! □ We want to kick off the month with an appreciation post to some of our amazing wholesaler partners and "Party Punch Players" out in the market. Thank you George Vitale and the entire Clare Rose team for launching BeatBox in such a HUGE way! □ He goes the extra mile every day of the week and is doing amazing at making sure all his accounts have BeatBox placements and BIG displays! For many years Laurence has put in effort and has dedicated long hours in the field to ensure Clare Rose has the visibility and space needed to for their brands to succeed. Laurence Bisogno is a very well known and well respected sales rep in the Long Island beer market. Thank you Laurence for your dedication and hard work to get the BeatBox brand up at all of your accounts! ![]() Laurence has shown a tremendous amount of support for BeatBox since we launched in NY back in March. He truly goes 100% to support his brands and ensures they’re more visible than all the others in his accounts. Laurence Francis is a hard working sales rep and team player who goes above and beyond everyday. On a cash basis, Mark hasn’t made a big return but his equity is worth significantly more.□ Time to celebrate our Party Punch Players of the week □ Congratulations to Clare Rose Beverage and the double Laurence Duo! Laurence Francis & Laurence Bisogno! In an interview with Forbes, Mark Cuban rated Beatbox as one of his best Shark Tank deals along with Dude Wipes. Daniel Sing left in 2013 and Jason Schieck left in 2021. Out of the five original co-founders, three remain. They’ve also raised $15 million at a $200 million valuation through crowdfunding and investors such as Rob Dyrdek, Louis The Child, and Party Favor.Īs the business expanded its range of drinks it set up a new company called Future Proof LLC under which the BeatBox brand sits. They lost $4.2 million in 2019 and $3 million in 2020 but became profitable in 2021. The growth hasn’t slowed down, they are expecting to make $20 million in 2022 and co-founder Justin Fenchel is aiming to do $100 million by the end of next year.ĭespite the impressive growth, the business lost money to scale the business. Revenue has grown from $1 million in 2017 to $18 million in 2021. They are now available in over 40,000 retail locations including 7-11, Walmart, Kroger, Casey’s, and Circle K.īeatbox has come a long way since Shark Tank. The publicity from the show was a huge help and the company is continuing to grow exponentially. Currently, it’s now the joint 10th largest-ever deal.įour months after the episode aired, Beatbox Beverages did $440,000 in sales. The founders countered with the same equity but for $1 million, and was one of the biggest deals on the show at that time. Then, Mark Cuban said he was the best fit and deal and proposed $600,000 for 33%. Wonderful made an offer after Barbara Corcoran. Kevin O’Leary, who considers himself a wine connoisseur, said it tasted bad, but the others disagreed with him. In 2014, Justin, Brad, and Aimy appeared on season six of Shark Tank, seeking $200,000 for a 10% equity stake.Īfter making a strong start to the pitch, they handed out samples to the Sharks. The success they got was through self-distribution, but to scale the business they needed a strategic partner. Their drinks became a huge hit, and a year after starting, they made $200,000 in sales. The co-founders bootstrapped the business with $55,000 and borrowed an additional $100,000 to get the business going. The flavors are uncommon, and the drinks are placed in creative stereo-shaped boxes. The odd man out is Brad Schultz, who has a bachelor’s degree in marketing.īeatBox Beverages was launched in November 2011 as an alcoholic wine product that tasted more like vodka and Gatorade. He did an MBA at McCombs School of Business with Aimy, Jason and Dan. Justin Fenchel started as a financial analyst and later turned into a serial entrepreneur. ![]() There were three entrepreneurs who pitched on the show, but there were five people who co-founded the company: Jason Schieck, Brad Schultz, Aimy Steadman, Daniel Singer, and Justin Fenchel. ![]() As of 2023, Beatbox Beverages is valued at $200 million. It was featured on Shark Tank and the founders struck a deal with Mark Cuban. Enter BeatBox Beverages, a line of wine products with unique tastes and packaging. Wine isn’t a drink that appeals to every millennial as some find its flavor too bland. ![]()
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