Flasky Flowers: A Unique Solution for Weddings
At weddings, it’s common for women to discreetly hide their drinks while posing for photos. Flasky Flowers offers an innovative solution—a bouquet that cleverly conceals a flask. Invented by Kelly Moynihan, with support from her husband Ryan, this unique product caught the attention of three Sharks on Shark Tank. As of 2024, Flasky Flowers has an estimated worth of $400,000.
Flasky Flowers Net Worth
| Year | Estimated Net Worth |
|---|---|
| 2020 | $0 (Pre-launch) |
| 2021 | $50,000 |
| 2022 | $200,000 |
| 2023 | $300,000 |
| 2024 | $400,000 |
Table of Contents
Meet the Founders
Kelly and Ryan Moynihan both grew up just a mile apart in Delray Beach, Florida. Ryan attended Boca Raton High School, while Kelly was a student at Atlantic High. The couple married in 2012 and decided to stay in Delray Beach, where they raised their seven children. Ryan worked a full-time job, and Kelly contributed to the family income by working as a hairstylist.
The Birth of Flasky Flowers
In 2013, Kelly was working at a bridal party when she noticed something that sparked a business idea. The bride and her bridesmaids often had to set aside their drinks to hold their bouquets during photos. Kelly saw an opportunity and thought of a product that could combine a bouquet with a drink holder. She shared the idea with Ryan, who immediately saw its potential.
Determined to bring Flasky Flowers to life, the couple made a significant sacrifice. They sold their house to raise $60,000 in startup capital, launching the business in 2019. Ryan even quit his job to support the venture, despite Kelly being pregnant with their seventh child, who would later require heart surgery. Unfortunately, the pandemic soon followed, severely impacting the wedding industry. However, despite these challenges, Flasky Flowers managed to achieve $21,000 in lifetime sales.
Their Shark Tank Journey
Facing financial difficulties due to the slow start of their business, Ryan and Kelly decided to pitch Flasky Flowers on Shark Tank. They appeared on Season 13, seeking $50,000 for a 10% stake in their company. Dressed in wedding attire, the couple delivered a captivating presentation that caught the attention of the Sharks.
The Sharks were impressed by the creativity of Flasky Flowers but concerned about the personal sacrifices the couple had made, especially given that they have seven children. This situation tugged at the Sharks’ hearts, leading them to extend an offer—an unusual move for Kevin O’Leary, who is known for his tough demeanor.
Lori Greiner was the first to make an offer, proposing $50,000 for 20% equity. Kevin O’Leary and Mark Cuban then invited Lori to join them, and together, they offered $75,000 for 30% equity. Ryan and Kelly accepted the deal.
Life After Shark Tank
Since appearing on Shark Tank, Flasky Flowers has seen modest growth. Kelly expanded the business by opening an Etsy store, where they have made 488 sales over the course of a year. The product is also available directly on their website, FlaskyFlowers.com, which operates on the Shopify platform. To boost revenue, the price of the product was increased by $5, bringing it to $25. Customer feedback has been generally positive, with an average rating of 4.7 stars from 55 reviews, many of which come from Shark Tank fans.
Despite their efforts, the business is still run from their home, and sales have not met expectations, partly due to the slow recovery of the wedding industry. According to BuzzFile.com, the company’s annual revenue is estimated to be around $90,000, and the business is currently valued at approximately $400,000.