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What Happened to Bleni Blends after Shark Tank?

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Let us present to you Bleni Blends, a novel innovation in vending machines that combines taste, health, and convenience with a modern twist. Smoothie vending machines have never been better than Bleni Blends; in just 60 seconds, you may have delicious, nutritious, and refreshing smoothies.

In 2019, the family brand Bleni Blends was founded. The inventors, who have years of expertise in the food, beverage, and contactless delivery industries, brought in some of the most inventive minds to develop a vending machine that can produce delectable, nutritious smoothies prepared with real fruit.

The creators of Bleni Blends were exposed to comparable unattended retail technologies and possess unmatched expertise in a wide range of areas, including corporate operations, sales, machine maintenance, and self-serve kiosk solutions, in addition to market trends and tastes.

At the touch of a button, Bleni Blends is a handy smoothie maker that makes enjoying smoothies fast and simple. Start by utilizing our state-of-the-art touch screens to choose the taste of your delectable smoothie. Give your freshly combined ingredients a minute to blend thoroughly before enjoying your delectable dessert!

Bleni Blends at a Glance:-

IdeaFresh smoothie-making machine
FoundersStuart and Peter Shapiro
Asked For$250k for 6% equity
Accepted Deal $250K for 30% equity + $500k line of Credit 
SharksLori Greiner and Daniel Lubetzky
Business statusIn Business
Episode No.Season 14, Episode 18
Buy on AmazonBuy Now!

Index:

Founder Story:

In 2019, Stuart and Peter Shapiro founded this business. These two brothers have a long history of employment in the food and beverage sector.

The CEO, President, and Co-Founder is Peter Shapiro. Peter Shapiro began his academic career in New Orleans at Tulane University. Peter oversaw 30 staff members as the Vice President of Enrollment Management for the Office of Undergraduate Admissions.

Soon after Hurricane Katrina, Peter went back to Philadelphia to assist his family in recovering assets that were in jeopardy. In order to purchase and sell troubled receivables, Peter founded Four Seasons Investments, LLC in 2006.

In total, Four Seasons Investments has acquired and sold over $40,000,000 worth of receivables. In order to buy short- and long-term rental properties in Pennsylvania’s Poconos, Peter and Stuart Shapiro established a partnership in 2015.

Peter and Stuart owned, managed, and sold fifteen rental houses in the Pocono Mountains over a four-year period. In 2000, Peter graduated from Tulane University with a Bachelor of Science in Management and Finance. Peter graduated from Temple University’s MBA program in 2008 as well.

Whereas Stuart Shapiro serves as the company’s treasurer, vice president of operations, COO, and co-founder. His professional career started in the family-run legal practice Shapiro Law Office PC, which focuses on creditors’ rights.

He held positions as an accounts receivable manager, a legal assistant, and ultimately the department head of negotiations. In order to acquire both short-term and long-term properties in Pennsylvania’s Pocono Mountains, Stuart and Peter Shapiro formed a partnership in 2015. Stuart and Peter owned, operated, and sold fifteen rental houses in the Pocono Mountains during a four-year period.

The robotic frozen yogurt maker Reis & Irvy’s is owned and operated by Robotic Desserts, LLC, a company that Stuart and Peter started in the Philadelphia region in 2016. Stuart graduated from Tulane University in 2007 with a BSM.

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Did Bleni Blends get a deal on Shark Tank?

During the 18th episode of season 14, when Delaware County locals Peter and Stuart Shapiro pitched their Bleni Blends smoothie vending machines on Shark Tank, not a single shark was prepared to invest the money for such a small portion of the business.

But Bleni Blends did more than just persuade one Shark to invest—two Sharks banded together to make Peter and Stuart an offer. The ‘dream team’ that founded Bleni Blends, Lori Greiner and Daniel Lubetzky, contributed $250,000 in exchange for a 35% stake in the business and a $500,000 credit line.

What Happened To Bleni Blends After Shark Tank?

In September 2022, the inventor gave Compass Group USA a demonstration of their device, and in February 2022, Weber State University and Methodist Dallas Medical Center started accepting applications for this equipment. By 2022, 41 of these devices were in different locations and bringing in $8,000 a month. A smoothie typically costs $5.25.

The revenues of this company were $10,000 in 2020, $275,000 in 2021, and $465,000 in 2022. A machine sells for $30,000 and costs $19,500. After receiving money from Shark Tank, Bleni Blends, a startup company, saw a surge in sales within a week.

They tested their new Pink Dragon Smoothie at Dans Fresh Market and introduced it in February 2023. The Smoothie Making Machine was deployed in a number of US locales, including UBS Nashville and Children’s National Hospital.

According to Shark Tank’s evaluation, Bleni Blends is expected to be valued at $0.714 million by 2023. Customers can choose from a variety of flavors on a touch screen in Bleni Blends vending machines, and their beverage will be ready in under one minute.

The brand now offers seven flavors, with an average drink costing $5.50; however, costs can differ depending on the location.

What’s the net worth of Bleni Blends?

Bleni Blends had a $3 million net worth as of January 2024 and a $1 million yearly revenue. The entrepreneur had first estimated that the valuation would be $4.16 million, but it ended up being $833,333.

Is Bleni Blends still in business?

Without a doubt, as of February 2023, Bleni Blends is still operating! They are actually progressing extremely nicely and don’t seem to be slowing down at all. They regularly add new mixes, news, and deals on their website. Bleni Blends remains operational.

Nik Wright took over as the sole operator in March 2021. Nik has a great deal of experience in the food and beverage industry and is primarily from Salt Lake City, Utah. The corporate headquarters of this company are located in Philadelphia, Pennsylvania, and it has three to ten employees.

From their Shark Tank debut to their current prosperous company standing, they have proven that everything is achievable with the correct concept and execution. We can’t wait to see what lies ahead for Bleni Blends and its ongoing success.

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FAQs:

What is Bleni Blends?

Bleni Blends is a handy smoothie maker that makes enjoying smoothies fast and simple. Start by utilizing our state-of-the-art touch screens to choose the taste of your delectable smoothie. Give your freshly combined ingredients a minute to blend thoroughly before enjoying your delectable dessert!

What's the net worth of Bleni Blends?

Bleni Blends had a $3 million net worth as of January 2024 and a $1 million yearly revenue. The entrepreneur had first estimated that the valuation would be $4.16 million, but it ended up being $833,333.

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