Halloween Moments Update | Shark Tank Season 14

0
347
Halloween Moments Update | Shark Tank Season 14

Halloween Moments is a company that appeared in episode 3 season 14 of Shark Tank. The company is owned by Daryl Braithwaite who came to the show with a proposal of 10% equity for a $300,000 investment.

Halloween Moments specializes in pumpkin glove scraper kits that help make pumpkins empty for Halloween decorations. This product was developed to make the process of pumpkin carving easy and quick.

Since pumpkins make an important part of the Halloween festival, Daryl had high hopes for his product. Unfortunately, his product was not impressive enough to secure a deal on the show. That said; let’s find out what the sharks had to say about Halloween Moments.

Shark Tank Halloween Moments Update

  • Entrepreneurs: Daryl Braithwaite
  • Business: Pumpkin Scraper
  • Ask: $300,000 for 10% equity
  • Result: No deal
  • Sharks: None

Daryl Braithwaite designed the unique pumpkin scraper glove kit and wanted $300,000 to support his business. Between the years 2021 and 2022, the company generated a revenue of $100,000.

Halloween Moments deals in a product, the demand for which increases only during Halloween. The kits are priced at $10 and are available in retail stores. However, Daryl increases the price of the product when selling them online. This is done to cover the shipping charges.

As far as the manufacturing cost is concerned, it takes just $1.78 per unit. Due to its low manufacturing cost, the product had the potential to generate good profit.

On the show, Daryl revealed that he collected funds worth $800,000 for his business, causing the sharks to gasp. The sharks found it difficult to believe that a company like Halloween Moments needed such a significant amount of investment.

Daymond John concluded that the business had multiple partners which helped them raise such a big amount. According to him, it was a liability and therefore he backed out from the deal. He said he didn’t want to risk his money in the deal.

Mark Cuban also agreed with Daymond John and decided to quit the deal. He said that the business was too risky. One after another, all the sharks rejected the deal without making an offer.

Despite not getting any funds from Shark Tank, Halloween Moments is still in business. At present, the pumpkin glove scraper kits are available at retail stores like Walmart. The product is also available on the official website and Amazon marketplace.

Halloween Moments experienced a major boost in sales right after the Shark Tank episode aired. With Halloween just a few weeks away, the company generated a good amount of sales in 2022.

The pumpkin glove scraper kit is easy to use. It consists of a cutter on the top which helps cut the inside part of a pumpkin. The glove, on the other hand, is made of nylon material to protect users’ hands from pumpkin water. The glove’s fingers feature a blade and plastic scoop.

What’s interesting about this product is that both the knives and gloves are dishwasher safe. Also, they are available in different sizes.