Did BeatBox Beverages Get Any Deal On Shark Tank?
Aimey Steadman, Justin Fenchel, and Brad Schulz came up on Shark Tank episode 604 intending to get an investment from the sharks for their business, BeatBox Beverages. The company provides soft beverages in a box. They chose to make packaged mixed drinks in place of bringing 30 packs of beer or wine to a meeting.
BeatBox Beverages are prepared by using orange wine. The BeatBox drink is available in four flavours: blue raspberry lemonade, cranberry limeade, box a’rita, and Texas tea.
BeatBox Beverages has evidence of 22 and an alcohol content of 11.1 percent by volume. Moreover, it is low in calories, nearly 40 calories per serving.
BeatBox beverages are available in packages of five litres or nearly 30 five-ounce servings. You will get a lot for your money in the price range of $19.99 for each box.
The BeatBox Beverages is now only available in the state of Texas. As per their website, they are planning to start selling g online all over the nation very soon.
The evaluation of BeatBox Beverages was $2 million when it came up on the Shark Tank show. As of 2022, BeatBox Beverages’ net worth is $11.5 million as per their economic report. Now we are going to discuss in this article whether BeatBox Beverages was able to get a Shark Tank deal or not.
BeatBox Beverages is a kind of pre-mixed alcoholic beverage that is available in varieties like Peach Punch, Blue Razzberry, Fresh Watermelon, and Pink Lemonade.
BeatBox Beverages prepares punches made with wine. It is sold originally to millennials as a portable party punch.
BeatBox Beverages are prepared with a distinctive orange wine that has the texture of a clear spirit rather than a wine and works as a base for mixed beverages.
BeatBox Beverages includes the equal of seven bottles of wine. That is why it has become an outstanding party-sharing item.
What are the features of BeatBox Beverages?
The features of the products of BeatBox Beverages are as follows:
- The company has changed its name to Future-proof brands.
- The company has manufactured product lines for the newly named firm. They are Corkless- a canned single-served wine, Brizzy- a seltzer cocktail, and Vizzy- a seltzer cocktail hard.
- The product had very low calories, a maximum of 40 calories for each serving.
- The product is available in various flavours like Blue raspberry lemonade, Box’A’Ritz, Cranberry lemonade, and Texas tea.
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Who is the founder of BeatBox Beverages?
Brad Schultz, Justin Fenchel, and Aimy Steadman are the founders of BeatBox Beverages. They introduced the company in 2012. The company arranged a short IndieGogo campaign in 2013 but unfortunately was unable to reach its economic goal.
Mark Cuban invested his money in BestBox Beverages. After this, the company was able to expand its distribution and product line. In 2017, the company was featured on Beyond The Tank.
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BeatBox Beverages is an Austin-based company that creates boxed wine. They thought that it did not have to be boring. The men behind the foundation of BeatBox Beverages are Justin Fenchel, Aimy Steadman, Brad Schultz, Jason Schieck, and Daniel Singer.
They found a scope to make a more attractive and tasty drink for young millennial customers. BeatBox wine is available in various flavours like Blue Raspberry Lemonade, Box A’Rita (a margarita flavour), Cranberry Limeade, and Texas Sweet Tea.
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How was the Shark Tank pitch of BeatBox Beverages?
Aimey, Justin, and Brad came up on Shark Tank intending to get an investment of $200,000 from one of the sharks in exchange for a 10% stake in BeatBox Beverages.
Justin Fenchel, Brad Schulz and Aimey Steadman gave a presentation on their drink company, BeatBox Beverages. A pack of BeatBox Beverages comes up with 10% alcohol and 7g of sugar.
BeatBoxes are just like wine and cocktail boxes. The product of the company, BeatBox Beverages, is very good in taste. The smell of the drink is also very good.
The founders distributed the drinks to each of the sharks. The sharks were impressed with the taste of the drink.
The Beatbox beverage includes only 11% alcohol and 7g of sugar. This amount of sugar is usually found in a regular bottle of wine. The firm, BeatBox Beverages has worked well and got a good response in Texas. But now they want to reach all over the nation. For this, they require assistance from the sharks.
BeatBox Beverages has managed to sell $235,000 worth of products in the past fourteen months. Barbara was ready to invest $400,000 in return for a 20% stake in the business.
Kevin was also ready to invest $200,000 in exchange for a 20% stake in the business. Mark Cuban gave a proposal of investing $600,000 in exchange for a 33% stake in BeatBox Beverages.
The company said clearly that they did not want to give up their entire equity. Mark then returns with $1,000,000 to 33%.
After getting Mark’s proposal, BeatBox Beverages did not think twice to accept it. They promptly accepted it. Mark was ready to negotiate with Justin for $1 million for 33%. Mark Cuban and BeatBox Beverages made a deal. Mark Cuban finally promised to invest $1 million in exchange for a 33% stake in BeatBox Beverages.
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With the help of the finding of Mark Cuban, BeatBox Beverages was able to expand its distribution after its appearance on Shark Tank.
You can buy BeatBox Beverages at Kroger and Ralph’s grocery stores all over the United States and the company is planning to launch a single-serve boxed beverage.
BeatBox MixTapes come in 500ml resealable bottles. They are available in two flavours: Fruit Punch and Blue Razzberry. The retail price of this product is less than $3.50.
Rob Dyrdek is now working with BeatBox on a massive packaging revamp. That is why, BestBox catches the attention of a wide number of users who are above 21 years old.
Mark Cuban promoted BeatBox recently on Dyrdek’s television show Ridiculousness.
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Now everybody wants to know the BeatBox Shark Tank update. The company was a small business that was featured in 75 locations all over 18 States in only one year. The company has now launched a new 3-litre package and two new flavours after appearing on the Shark Tank show.
The company is expecting to become the Red Bull of the alcohol market as it designed its company for millennials.
A website for BeatBox Beverages remarked that they have improved into a profitable business. Their products are distributed by Republic National Distributing Company, Southern Wine & Spirits, Johnson Brothers, and Young’s Market.
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BeatBox Beverages was managed to develop in partnership with Mark Cuban and came up on Beyond the Tank episode 110. The company has the highest growth rate as of 2022. The company has now changed its name to Future Proof Brands LLC.
The company, BeatBox Beverages, is still active in business and has extended its product portfolio to incorporate canned single-serve wine, seltzer cocktails, and hard seltzer.
There are more than 12,000 locations where they can be bought, along with Kroger, Circle K, and QuikTrip. BeatBox Beverages managed to earn $11.5 million in annual revenue.
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The company is growing day by day. When Mark Cuban invested in the company, BeatBox Beverages was able to develop its distribution line. It is now developing its product line too. We are eagerly waiting to see the company at the top of success.
Who are the competitors of BeatBox Beverages?
There are a lot of competitors of BeatBox Beverages. Some of them are as follows:
Bier and Co.
What alcohol is in BeatBox?
BeatBox is a party punch prepared with wine. They give an 11.1 percent ABV Hard Punch and a 6% ABV Zero Sugar range of beverages.
How much is a BeatBox?
The BeatBox MixTape is a resealable 500 ml package that is available in two flavours, Fruit Punch and Blue Razzberry. The selling price of the product is under $3.50.