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BeatBox Beverages Shark Tank Update

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Who wants to add fun to their next party? Well, these party-goers and founders of beatbox beverages got you covered. It’s no more the boring vodka, tequila, or beer to lighten up your spirits, but a refreshing mixture of orange wine and mixers. This drink comes in mouthwatering flavors and eco-friendly packaging to allow you to have fun without a care.

The company aimed to produce drinks that had a large volume and low calories as well as packaging that is eco-friendly. The company started off by selling online and hosted a campaign in the year 2013 a year from when they started the brand, which became unsuccessful. The company now sells only in Texas and wants to expand nationally soon enough. There are many licensing obstacles to tackle in each state for this company.  

Index:

Beatbox beverages at a glance:

Business ideaWine-based punch in a box
FounderJustin Fenchel, Brad Schultz, Aimey Steadman
Asked for$200,000 for 10%
Accepted deal$1,000,000 for 33%
SharksMark Cuban
Business statusIn business
EpisodeSeason 6 Episode 6
WebsiteBeatbox Beverages
Beat box beverages at a glance.

Founder Story:

The five founders Justin, Brad, and Aimey, and two co-founders met in business school and thought that a wine bottle was the most boring idea for a celebration. They introduced Beatbox beverages, with the aim to party hard but safe. The company was introduced in 2012 and still is going strong in terms of sales.

With their innovative and successful idea pushing them forward, they have made $245,000 in 14 months and started off the business with $55,000 and $100,000 debt. One of the founders found this as being a winning idea when he wanted to go out and party after work with colleagues but did not want to buy the $30 can beer carton. Sooner or later the winning idea got its wings as it flew and became renowned over the nation after airing on the shark tank. Let’s see which shark made it possible.  

Did Beatbox beverages get a deal on shark tank?

The three founders were enthusiastic and full of zeal when they entered the shark tank seeking an investment of $200,000 for 20% of their company Beatbox, beverages. Firstly they introduced a situation to Robert and put their product as a smart alternative to the situation, then it was wine tasting time.

Kevin is the first one to react to the taste. The product was not able to make it to market as they were busy self-distributing it. Justin explains how they started financing the business and how he wants the business to grow with tastings. Mark opposes the idea and advice focusing on bigger distribution.

Barbara believes she can make an offer of $400,000 for 20%. Next is Kevin who offers $200,000 for 20%. Mark believes the product to not be of wine-based nature and thinks they need a big boost to grow faster. He offers them 600,000 for 33%, which is countered by Justin at $1,000,000 for 33%. He accepts the deal and it was time to party!!  

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What happened to Beatbox Beverages after Shark Tank?

The company has gone forward tremendously with Mark Cuban. The company can be seen selling its products in 12,000 stores in the country like Quicktrip, Kroger, Circle K, and many more. They have introduced some new products and given the firm a new name. The company is all set and has made $11.5 million in sales up to date they are on track to getting another funding from an investor at a valuation of $190 million and hope to get an investment of $5 million.

Product:   

  • The company has renamed itself Future-proof brands.
  • It has made product lines for the newly named company. They are:
  • Corkless-a canned single served wine
  • Brizzy- a seltzer cocktail
  • Vizzy-a seltzer cocktail hard
  • The product has low calories up to 40 calories per serving.
  • The flavors are Blue raspberry lemonade, Cranberry lemonade, Box’A’Ritz, and Texas tea.
  • There are 6-8 bottles of wine at this party in a box.

Competitors Of Beatbox beverages:

Many companies are competitors to this firm namely:

  • Nigerian breweries.
  • Ochakovo
  • SOBOA
  • Bier and co.
  • Born Preu
  • Alken maes
  • Super bock

And many more.

What is the net worth of Beatbox beverages?

They were valued at around $3 million at the time of the show. The net worth of this company is unpublished and hidden on most websites. They have reached an overall $11.5 million in sales and are still getting strong in sales.

Is Beatbox beverages still in business?

Yes, this party-in-a-box company has reached a peak in success since it started, and sooner or later the company will do even better. Reaching an annual revenue of $11.5 million as of today the company is yet to get another investor on board for this party lovers journey.

The company has built itself from Shark Tank and can confidently be called the alternative to a bottle of expensive wine. This radio ‘BEATBOX’ is playing a symphony in sales and wants to grow even further being a party brand for all drink types.

Beatbox Beverages social links:

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FAQs:

What is BeatBox Beverages?

BeatBox Beverages aimed to produce drinks that had a large volume and low calories as well as packaging that is eco-friendly. The company started off by selling online and hosted a campaign in the year 2013 a year from when they started the brand, which became unsuccessful.

Who founded BeatBox Beverages?

The five founders Justin, Brad, and Aimey, and two co-founders met in business school and thought that a wine bottle was the most boring idea for a celebration. They introduced Beatbox beverages, with the aim to party hard but safe. The company was introduced in 2012 and still is going strong in terms of sales.

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