He was in full support of the business’ decision to expand and include other holidays.Īt the proverbial last minute, Lori Greiner made an offer of $75,000 for 22.5% with the other $75,000 being given as a loan. Meanwhile, Robert Herjavec copied Kevin’s offer and promised to give Sarah $100,000 annually. Mark Cuban expressed the same sentiments as well. Barbara Corcoran liked the idea, but she didn’t find it a worthy investment, so she went out. Unsurprisingly, the first to tender an offer was Kevin O’Leary, who offered to invest $150,000 for 33.3% equity. It had become a year-long business that included other holidays, with plans to add even more down the line. She also explained that Sealed by Santa has since expanded its offerings. After doing $355,000 in sales the past year, Sarah proudly said that the company expects to do more the following year. The sharks were impressed by the concept, even more so by the sales. It can send specialized letters to kids all year round, such as for their first birthday, christening, and even a letter reserved specifically for those who’ve been naughty all year round. However, the company isn’t just a seasonal one. Sealed by Santa is a company whose goal is to deliver the magic of Santa to children. Result : $75,000 for 22.5% equity + $75,000 loanīefore we head off to our Sealed by Santa update, let’s talk about what happened when Sarah tussled with the sharks.Business: Personalized letters from “Santa”.If you’re looking forward to a Sealed by Santa update, you’re not alone. She invested $75,000 for 22.5% equity with a $75,000 loan in Sealed by Santa.
Ultimately, Lori Greiner was the one in a giving mood at the time.
First into the Christmas-themed Shark Tank episode was Sealed by Santa, a company by Sarah Blaine that delivered customized and personalized letters from “Santa.” Sarah asked the sharks for a $150,000 investment in exchange for 20% equity.
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