The Yard Milkshake Bar Shark Tank Update

The Yard Milkshake Bar Shark Tank Pitch

Chelsea Green and Logan Green appeared on Shark Tank Season 11, Episode 7, which aired on November 9, 2019, with specialty milkshake bar.

The Yard Milkshake Bar is listed in the Food Beverage category. In plain terms, the business is described as specialty milkshake bar.

The Yard Milkshake Bar asked the Sharks for $400,000 for 10%, implying a valuation of about $4 million.

On the show, The Yard Milkshake Bar made a listed deal with Mark Cuban for $400,000 for 22%.

If treated as straight equity, the listed deal works out to about $1.8 million implied valuation, down from the original $4 million implied valuation.

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

The Yard Milkshake Bar After Shark Tank

The Yard Milkshake Bar accepted an on-air Shark Tank deal for $400,000 for 22%, but follow-up reporting says the deal did not close after filming. (The Yard Shark Tank Update

Update sources put The Yard Milkshake Bar annual revenue around $800,000. (The Yard Shark Tank Update

The deal with Mark did not close and the company has a new franchise location opening sometime in the summer of 2020 - though Covid 19 may have put that off a few months. (The Yard Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches