What Happened to The Yard Milkshake Bar After Shark Tank?
What is The Yard Milkshake Bar?
The Yard Milkshake is a specialist milkshake shop noted for its enormous, overflowing milkshakes perfect for Instagram.
The Yard’s menu includes at least 18 specialist shakes and sundaes and the possibility for customers to create their own.
A buffet-style menu with at least 30 ice cream flavors and at least 30 specialty toppings is available at the milkshake bar.
The components range from the more typical nuts and marshmallows to fully-formed cupcakes, waffles, and brownies.
In addition, the milkshake bar makes Instagram-worthy pre-designed shakes. They also sell their eggless cookie dough.
Who is the founder of The Yard Milkshake Bar?
The Yard Milkshake was founded in 2017 by Chelsea Green. She first worked with her mother at an ice cream shop before being offered the opportunity to start her own with her husband Logan and sister-in-law Ali.
The Greens join the fight. Chelsea worked at the family convenience store, while Logan worked for the family’s electrical contracting company.
In 2011, Chelsea and her mother opened an ice cream store. They had expanded to two sites by 2017, but Chelsea wanted more.
When it came time to start her second business, she considered several options before settling on Freak Shakes. The newlyweds christened it “The Yard,” and the rest is history.
The Yard debuted in the couple’s hometown of Gulf Shores, Alabama, in May 2017 and quickly became popular. They quickly expanded to include Panama City Beach, Florida, Fairhope, Alabama, and Austin, Texas.
They also have two franchise stores in Mississippi, at D’Urberville and Hattiesburg. The Greens plan to franchise The Yard to bring the global Freak Shake sensation to a national scale.
What Happened to The Yard Milkshake Bar at Shark Tank pitch?
Logan and Chelsea Green are aiming to shake things up in the Tank with The Yard, their “Freak Shake” company, in episode 1109. They’re seeking a Shark to help them manage their growth.
Logan and Chelsea arrived on Shark Tank seeking $400,000 in return for a 10% stake in their business, worth $4 million.
They hand out samples, and the Sharks are enthralled with calorie counts. Each shake has between 650 and 1800 calories.
According to the two, they presently run four locations, one franchise and one franchise in the works.
Net sales at their four locations were $3.4 million last year, with a profit of $400,000. The Sharks have asked Logan why they want a partner, and he says it would translate to “a decade of expertise.”
They are currently offering franchises for $45,000 with a ten-year license charge of 6% on revenue and 2% on marketing. The entire cost of launching a franchise ranges from $140,000 to $315,000.
Kevin offered $400,000 in return for 15% ownership in EVERYTHING, including franchising and corporate shops. Lori makes the same offer but for 12.5% ownership.
Mark claims that he was against the company’s outlets. He offers $400,000 in return for 25% ownership of the company.
They counter with $400,000 for a 20% share; Mark counters with $400,000 for a 22% stake; they agree and depart the pitch with a deal.
What Happened to The Yard Milkshake Bar After Shark Tank?
The deal with Mark did not materialize, and the company intends to open a new franchise location in the summer of 2020. COVID-19 may have put it off for several months.
As of July 2021, the corporation had 15 sites. This month, the sixteenth store will open in The Colony, Texas. Franchisees Anthony and Kelly DiPasquale started a company in Virginia Beach and operated a location in The Colony.
They also want to open stores in San Antonio, Houston, and other parts of Dallas. Each store’s annual sales range between $800,000 and $1.2 million.
They announced in August 2021 that a new store would be built in Tampa in the fall of 2021.
The company announced the opening of its 18th site in November 2021 in The Strand at St. Johns Town Center in Jacksonville, Florida.
The firm is still in operation as of February 2022, and verifiable revenue is unavailable.
Competitors of The Yard Milkshake Bar
The Yard Milkshake’s primary competitors are Dairy Queen, Milly’s Milkshake Shop & Grill, and Randy’s Frozen Custard & Ice Cream Parlor.
Net Worth of The Yard Milkshake Bar
During the pitch, the firm was valued at $4 million.
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The Yard Milkshake Bar FAQs
What is The Yard Milkshake Bar?
The Yard Milkshake Bar is a specialist milkshake shop noted for its grandiose, overflowing milkshakes that are perfect for Instagram. Customers have the option of designing their own inventions.
Who is the founder?
The Yard Milkshake was established in 2017 by Chelsea Green. She first worked with her mother at an ice cream shop before being offered the opportunity to start her own with her husband Logan and sister-in-law Ali.
How much did they ask for on Shark Tank?
They asked $400,000 for a 10% stake in their franchising company, which was worth $4 million at the time.
Were they able to close the deal?
Yes, they have a $400,000 deal from Robert Herjavec for 22 percent equity shares. The transaction did not go through, and the reason for this is unknown.
Is The Yard Milkshake Bar still open?
Yes, The Yard Milkshake Bar is still open for business, but their earnings are not visible to the general public.
Where is The Yard Milkshake Bar located?
The Yard Milkshake Bar has locations in Gulf Shores, AL, Panama City Beach, FL, Fairhope, AL, and Austin, TX. It has two franchise sites in Mississippi, in Hattiesburg and D’Urberville.
Isn’t it a normal milkshake brand?
Not at all! The Yard has 18 distinct flavors, all of which are produced with excellent ingredients like fresh whipped cream. It is a perfect place for both weekend getaways and educational field excursions.
What are the many sorts of milkshakes?
They provide a conventional milkshake with 12 flavors to residential clients. They also offer a ‘Hoarders’ Milkshake in three sizes, ranging from 16 oz. for $4.95 to 32 oz. for $8.75.
When did The Yard Milkshake Bar open its doors?
The Yard Milkshake Bar opened in Gulf Shores, Alabama, in 2017.
How much does a Yard Milkshake Bar franchise cost?
The Yard Milkshake Bar’s franchise price is $45,000 for a ten-year license charge of 6% on revenue and 2% on marketing. The entire cost of establishing a franchise is from $140,000 to $315,000.
Is it feasible to start a franchise of Yard Milkshake Bar?
It is conceivable, but only if one has prior experience since one cannot begin this business without past expertise.
Is The Yard Milkshake Bar where the jars are kept?
Customers chew and sip their way through a pint or more of the good stuff, confused whether to use a straw or a spoon (or simply plunge in face-first).
After devouring all of this delectableness, they rinse their memento jar in a large galvanized water trough before packing it for the trip home.
Which milkshake at The Yard Milkshake Bar is the best?
The Mermaid is one of The Yard Milkshake Bar’s outlandish concoctions, complete with a mermaid tail on top. The Yard Milkshake Bar’s Strawberries & Cream Cheesecake milkshake, topped with a slice of cheesecake, is a fan favorite.
Is The Yard Milkshake Bar able to manufacture its ice cream?
The Yard Milkshake Bar first opened its doors in November. The Yard, located in The District at Midtown, provides 18 different shakes or sundaes and a daily special, or guests may construct their own with a choice of 32 ice cream flavors, 36 toppings, and 22 specialty toppings.
How many calories are in The Yard Milkshake Bar?
The name “The Yard Milkshake Bar” is derived from the idea that “milkshakes draw all the boys to the yard.” According to the proprietors, the Yard Milkshake Bar regularly has lines around the block for their customizable milkshake menu, which varies in calories from 640 to 1,800.
