Taverns To Go Shark Tank Update

Taverns To Go Shark Tank Pitch

Taverns To Go appeared on Shark Tank Season 16, Episode 6, which aired on November 22, 2024, with Portable Backyard Bar.

Taverns To Go is listed in the Consumer Products category. In plain terms, the business is described as Portable Backyard Bar.

Taverns To Go asked the Sharks for $400,000 for 10% equity, implying a valuation of about $4 million.

On the show, Taverns To Go made a listed deal for $400,000 for 15% equity plus a $30 royalty until $600,000 is paid back.

If treated as straight equity, the listed deal works out to about $2.7 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.

Taverns To Go After Shark Tank

Taverns To Go accepted an on-air deal for $400,000 for 15% equity plus a $30 royalty until $600,000 is paid back. Taverns To Go remained active after the episode. (Taverns-To-Go - Shark Tank Season 16

Enda and Paul entered Shark Tank Season 16, seeking $400,000 for 10% equity in Taverns To Go's backyard bar manufacturing and delivery business. (Taverns-To-Go - Shark Tank Season 16

After Taverns To Go's pitch, Enda and Paul secured a deal with Lori Greiner for $400,000 for 15% equity plus a $30 royalty until $600,000 is paid back. (Taverns-To-Go - Shark Tank Season 16

To date, Taverns To Go have achieved $2.2 million in sales this year alone and are on track to reach $4 million in revenue by year-end. (Taverns-To-Go - Shark Tank Season 16

Cumulatively, Taverns To Go is about to surpass $10 million in total revenue. (Taverns-To-Go - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com