What Happened To The Yard Milkshake Bar After Shark Tank?
The Yard Milkshake Bar After Shark Tank Update: The Yard Milkshake is a Franchise Business of Foods and Beverages. The root of this business is associated with an ice cream shop in 2011, which was started by Chelsea and her mother.
Initially, they focused only on ice creams and desserts, but they decided to include milkshakes as well. After much deliberation, “The Yard” was born.
What is The Yard Milkshake Bar?
The Yard Milkshake Bar is an Alabama-based franchise business model. The company sells ice creams and milkshakes in different flavors.
Their desserts contain nuts, milk, eggs, gluten, etc. If someone is allergic to these things, then this dessert is not for them. Their stores are currently available in states like Florida, Alabama, Texas, Georgia, etc.
Who Is The Founder Of The Yard Milkshake Bar?
The husband and wife Logan Green and Chelsea Green are the founders of this business. They launched this product in 2017.
Logan is an entrepreneur and was a Journeyman Electrician at Green Electric when he was a student at Gulf Shores High School.
The Yard Milkshake Bar Shark Tank Update
| Company Name | The Yard Milkshake Bar | |
| Founder | Logan Green and Chelsea Green | |
| Founded | 2017 | |
| Product | Is a Restaurant that Offers Premium Ice Cream | |
| Asked For | $400k for 10% equity | |
| Final Deal | $400k for 22% equity in the franchise business | |
| Shark | Mark Cuban | |
| Episode (Shark Tank USA) | S11 E7 | |
| Air Date | Nov 10, 2019 | |
| Business Status | In Business | |
| The Yard Milkshake Bar Net Worth | $4M *estimated | |
| Headquarters | Gulf Shores, Alabama, United States | |
| The Yard Milkshake Bar Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Junobie After Shark Tank?
The Yard Milkshake Bar on Shark Tank Pitch
After entering the shark tank, both Logan and Chelsea explained their business model to the sharks. They asked the sharks to invest $400K in exchange for a 10% stake.
The lifetime net sales of their whole business are $6.4 million. In 2018, they made $3.4 million from their 4 stores, with a profit of $400,000.
Kevin O’Leary offered $400k for a 15% equity in the franchise business and the Corporately owned locations.
Lori Greiner liked the product and marketing strategy, so she offered $400k for 12.5% equity in the franchise business and the Corporately owned locations.
Mark Cuban made a unique offer of $400k for a 25% equity in the franchise business. Founder countered 20% equity but Mark said 22% equity and the deal was finalized.
The Yard Milkshake Bar Net Worth
The Yard Milkshake Bar’s current worth is an estimated $4 million. This company got an investment in Shark Tank at a $1.8 million valuation. According to an anonymous source, the market size of the dessert stores industry in the United States alone was estimated to be $16.8 billion in 2022. Every year this industry is growing at the rate of 3%-5%.
Is The Yard Milkshake Bar Still In Business?
Yes, The Yard Milkshake Bar is still in business as of July 2023.
At present, this company is going to open 3-4 franchise stores every year in different cities in the United States.
The current headquarter of this company is in Gulf Shores, Alabama, United States and 11-50 employees are working in it.
FAQs
The husband and wife Logan Green and Chelsea Green are the founders of this business.
The Yard Milkshake Bar’s current worth is an estimated $4 million.
Yes, The Yard Milkshake Bar is still in business as of July 2023.
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