American Ghost Walks is a company that provides ghost tours to the users. This company was started by sister and brother team Allison Jornlin and Mike Huberty in 2010 because they have a lot of information related to the paranormal.
Allison has been giving ghost tours to people in Milwaukee City Wisconsin since 2008, and in 2010, brother Mike started giving ghost tours with him so he could make some money to pay for the mortgage.
They saw a lot of potential in this business, so they left their job and started a company named American Ghost Walks. Allison has an important role in this business and she creates a ghost script that scares the customers and also gives fun.
Allison is a ghostwriter and has written for many media publications such as ABC, the Hollywood Reporter, discoveryplus, Madison Magazine, and many more.
To expand their business by gaining more customers, Allison Jornlin and Mike Huberty appeared on Shark Tank Season 15 Episode 5.
What Is American Ghost Walks?
American Ghost Walks is an entertainment company that provides ghost tours to customers. This company is currently operating in 25 cities across 8 states and has 16+ professional employees who provide tours to people.
This company has created paranormal events in different places all over the country. Apart from this, a corporate event is also done, and food, drink, and alcohol options are available.
|Company Name||American Ghost Walks|
|Founder||Allison Jornlin and Mike Huberty|
|Product||Ghost tour business|
|Asked For||$250k for 15% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S15 E5|
|Air Date||Oct 28, 2023|
|Business Status||In Business|
|Headquarters||Madison, Wisconsin, USA|
|Lifetime Worth (Sales)||$1.5M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of American Ghost Walks?
Allison Jornlin and Mike Huberty, founders of the American Ghost Walks Company. These two are sister and brother. They started this company in 2010.
After graduating from the University of Wisconsin-Milwaukee, Allison worked as a web producer for Trisept Solutions for four years. She was a teacher at Indian Community School for 12 years and also used to give ghost tours to people.
Mike Huberty was a musician in Sunspot LLC after earning a Bachelor of Science degree from the University of Wisconsin–Madison. He started this business in 2010 by joining his sister Allison.
How Was The Shark Tank Pitch Of American Ghost Walks?
Sister and brother team Allison Jornlin and Mike Huberty entered Shark Tank and asked the sharks for $250k for 15% equity at a $1 Million Valuation. They currently have 32+ employees who conduct ghost story tours.
In 2020, They generated a gross of $92,000 from the two states of Minnesota and Wisconsin. In 2021 they added Illinois and in the same year, they made $392,000.
They spent $300,000 to generate these sales. In 2022, they made $546,000 in sales and their net is negative, they have made a loss of $42,000. They project sales of $650,000 in 2023 and will spend $600,000 on it.
Guest shark Jason Blum advises founders to focus on other assets once their current assets become profitable. Jason is out of this business.
All the sharks refused to invest in this ghost tour service-based business.
What Happened To American Ghost Walks After Shark Tank?
American Ghost Walks business didn’t get a deal on Shark Tank. This business is currently running at a loss and they are spending more than they are making.
What’s new on American Ghost Walks
Last Update: October, 2023
A voting poll was created on the official Twitter account of Shark Tank, in which more than 70% of the people said that this business should not get the offer. After this episode of Shark Tank aired, Founder Mike Huberty gave interviews on many media channels, including ABC30 Fresno, WKOW 27 News, and many more.
American Ghost Walks Shark Tank Update
Unfortunately, this business did not get investment in Shark Tank. According to all the sharks, this business is not investable. This business was not very profitable from the beginning and the founders were spending more and more money to grow their business.
What Is American Ghost Walk’s Net Worth?
American Ghost Walks’s net worth is estimated at $1 million. Every person likes paranormal story because it is very interesting and exciting. There are many ghost tour guides who earn money by telling people about the ghost stories of different places. However, most of the tour guides are not associated with any company.
Is American Ghost Walks Still In Business?
American Ghost Walks has been running for the last 13 years and this business is gradually operating in different states of America.
The headquarters of this company is in Madison, Wisconsin, United States, and 16+ people are working in it.
Yes, American Ghost Walks is still in business as of October 2023.
frequently asked questions
Who founded American Ghost Walks?
American Ghost Walks was founded by Allison Jornlin and Mike Huberty in 2010.
Did American Ghost Walks get a deal on Shark Tank?
American Ghost Walks didn’t get a deal on Shark Tank.