Hire Santa Shark Tank Update

Hire Santa Shark Tank Pitch

Mitch Allen appeared on Shark Tank Season 10, Episode 7, which aired on December 1, 2018, with Santa’s for hire.

Hire Santa is listed in the Services category. In plain terms, the business is described as Santa’s for hire.

Hire Santa asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Hire Santa made a listed deal with Barbara Corcoran for $200,000 for 50% until $200,000 is repaid, then 10% equity.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Hire Santa After Shark Tank

Hire Santa accepted an on-air Shark Tank deal for $200,000 for 50% until $200,000 is repaid, then 10% equity, then continued operating after the episode. (Hire Santa Shark Tank Update

By 2018, update sources put Hire Santa's sales around $1.4 million. (Hire Santa Shark Tank Update

They work with Ritz Carlton, The NFL, NBA teams and more. (Hire Santa Shark Tank Update

Another Update Segment The company gets a second update segment in episode 1510, season 15's "Holiday Special." In the update segment, Barbara says she loves her holiday entrepreneurs. (Hire Santa Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches