At weddings, it’s common for women to hide their drinks when taking photos. Flasky Flowers can help in these situations, as the product is a bouquet that hides a flask. Kelly Moynihan invented the product with support from her husband and they managed to get a deal with three Sharks. As of 2022, Flasky Flowers is worth an estimated $400,000.
About the Founders
Ryan and Kelly Moynihan were raised a mile away from each other in Delray Beach, Florida. In their hometown, Ryan attended Boca Raton High School, and Kelly went to Atlantic High.
The two walked down the aisle in 2012 and remained in Delray Beach. There, they raised a family of seven children. The husband had a full-time job, but the wife helped out with the finances by working as a hairstylist.
Around 2013, Kelly was hired at a bridal party, where she noticed that the bride and her bridesmaids frequently let go of their drinks to get their flowers when taking pictures. This sparked a new business idea for the Florida native.
Founding the Company
After the party, the working mother went home to tell her husband about a product design she thought of. It was a combination of a flower bouquet and a drink container and Ryan loved it.
The married couple sold their house to get $60,000 in capital for the startup that launched in 2019. Ryan quit his job to help out with his partner, who was pregnant with their seventh baby at the time. When their youngest child was born, she needed heart surgery.
Not long after that, the pandemic happened, and it heavily affected wedding businesses. Still, the flask-bouquet business managed to make $21,000 in lifetime sales.
Shark Tank Appearance
Ryan and Kelly Moynihan’s business had a slow start, which had a tedious impact on their family’s financial status. They appeared on season 13 of the show, asking for $50,000 for 10% equity. The pair came in with wedding outfits and gave an engaging presentation.
The Sharks loved the uniqueness of Flasky Flowers, but they were worried about how much they had sacrificed. Going all-in on a business when you’ve seven kids seems irresponsible. The Sharks felt bad for their situation and gave them an offer to help them out. This is one of the few times Kevin O’Leary allows his soft side to get the better of him.
Lori Greiner was the first to make an offer: $50,000 for 20% but then Kevin and Mark invited Lori to join their deal. The three offered to split $75,000 for 30%, and the entrepreneurs accepted the deal.
After Shark Tank
After Shark Tank, the business is making small progress but the novelty product hasn’t taken off yet. Kelly opened up an Etsy store to reach a wider audience and has made 415 sales in over a year.
They sell direct to consumers through their website FlaskyFlowers.com which is on the Shopify eCommerce platform. The price of the product was bumped up an extra $5 to $25 to increase revenue. Overall customer reviews are mainly positive, it has an average star rating of 4.7 from 55 reviews. From reading the reviews, some of the buyers are Shark Tank fans.
The business is operating out of their home address and is valued at an estimated $400,000. Sales haven’t been as strong as expected as the wedding industry has been slow to recover.