American Ghost Walks Shark Tank Update (Season 15)

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.

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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.

Allison Jornlin

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

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.

American Ghost Walks Shark Tank Update

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.

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.

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 stories because it is very interesting and exciting. Many ghost tour guides earn money by telling people about the ghost stories of different places. However, most of the tour guides are not associated with any company.

American Ghost Walks has been running for the last 13 years and this business is gradually operating in different states of America.