Bridal Babes is a company that designs beautiful and comfortable wedding dresses for glamorous brides & bridesmaids. All their designs are unique and exclusive which match brides & bridesmaids. All the wedding dresses women come in matching colors which makes the wedding special.
It offers women the ability to design each of their wedding collections with size, shape, and style in mind. This company specifically focuses on brides & bridesmaids to dress for women.
Ashley Young Co-Founder & CEO of This Bridal Babes Company. She came up with the idea of this business in 2016 when she was looking for a bridesmaid dress for her wedding.
Ashley searched for dresses for her family and friends online to offline but could not find them. After that she himself made it. At the time of the wedding, the dress made by Ashley went viral on the internet.
Charles and Ashley joined their business in Shark Tank with bridal babes and asked the shark for $250,000 for a 10% Equity at a $2.5 Million Valuation. This is a unique category, however, the competition is also getting very high in this.
What Is Bridal Babes?
Bridal babes become one-of-a-kind bridesmaids for women at their weddings. However, it presents itself as a bridal tech company. It provides women with bold, beautiful curve-hugging designs.
It provides virtual consultations to its customers by sending fabric samples. Apart from this, it also provides personal consultants who come to them in the Baltimore area location.
It wants to make a mark for itself in the multi-billion wedding industry by showcasing its models and clients of all shades, shapes, and sizes.
Dresses from brides & bridesmaids are very expensive but this company dress comes in under $200. This product is available on its official website.
|Company Name||Bridal Babes|
|Founder||Charles and Ashley Young|
|Product||lines of wedding and bridesmaids dress for women|
|Asked For||$250K For a 10% Equity|
|Final Deal||$250K For a 20% Equity|
|Episode (Shark Tank USA)||Season 14 Episode 5|
|Air Date||Oct 21, 2022|
|Business Status||In Business|
|Headquarters||Washington DC-Baltimore Area, United States|
|Go To Amazon||Buy Now|
Another Shark Tank Pitch
Who Is The Founder Of Bridal Babes?
According to Ashley Young Linkedin, the founder, and CEO of the Bridal Babes company, she did this company’s official launch on May 2019.
Ashley completed her Bachelor of Commerce (B.Com), Marketing from the University of Virginia. After her studies, she worked at Universal McCann for 1 year.
She was a Senior Digital Media Planner at Porter Novelli for 1 year. She worked in ‘FDA’ for 9 years and during this, she was a Health Communications Specialist for 2 years.
Bridal Babes Before Shark Tank
Ashley started this Bridal Babes company due to a lack of matching dresses for bridesmaids for her wedding. Ashley needed a good, comfortable and affordable price dress for her wedding for brides & bridesmaids.
To make the wedding memorable, along with the ‘brides’, it is necessary to be beautiful as well as the bridesmaid, so the matching dress is very good.
This company mainly designs brides and bridesmaid dresses for women at an affordable price. It had sold very well at the beginning of the business but during the 2020 Covid19 Pandemic, there was a lot of down in their sales.
Ashley and her husband Charles wanted to grow this business, so they decided to come to Shark Tank so that they could get help from sharks.
How Was The Shark Tank Pitch Of Bridal Babes?
Husband and wife Charles and Ashley Young entered Shark Tank with their company Bridal Babes and asked Shark for $250k for a 10% equity. They explained about their product and told how important their business is for wedding.
They has two collection Classic and Luxe. The making average cost of the Classic is $13,31 and its price is $44.5. The Luxe collection has a landed cost of $67 and is sold for $228.
They has dress size from 2 to 26 and they has a special order collection in which they makes 26 to 32 size dress.
They have their own core platform, they have +99k followers on Instagram and +60k on Tiktok, which gives them the customer.
Their lifetime sales are $2 million, (October 2022) year to date they has made $850,000. In 2019, this business started selling officially with a sale of $30,000. In 2020, they sold $200,000, after that their sales got a boost, in 2021 their sales were $950,000. They has a projected that in this year 2022 they will make $1.2 million.
In 2021, their profit was $20,000 and they pays a salary of $60,000. They spends 30% of their revenue in advertising for the growth of their business. Their margin in this business is 70%.
Robert Herjavec said that if he cannot add any extra value to this dress business, then he is out. Kevin said that he likes this business idea but if it is not for him then he is out.
Emma Grede is very interested in this business so she made an offer of $250k for a 25% equity. Entrepreneur countered 17.5% equity, but Emma said 20% equity. So the entrepreneur agreed to it.
Finalize: Emma Grede Invest $250K in ‘Bridal Babes’ for 20% Equity.
What Happened To Bridal Babes After Shark Tank?
Bridal Babes was successful in Shark Tank and Emma Grede invested in this company and also became its mentor to grow the company. Emma Grede is the Founder and CEO of Good American, a US-based premium apparel brand.
Emma understands the clothing industry very well and can be a good partner for this business. Although their wedding dress is not a that much expensive but they can reduce it.
This business started sales in 2019 and within 4 years it has done a lifetime sales of $2 million. Charles is projecting he’ll do $1.2 million in sales by 2022.
This company’s sales growth is very good, every year its sales graph is spiking, which is very good for a company.
Their sales are very good but they are not able to make much profit. Because of this, they are mostly focusing on growing their business by reinvesting Money.
Viewers of Shark Tank are loving this business dress and they really liked this business idea. People have shared their different opinions on Twitter.
A lot of people are giving this kind of positive opinion on Twitter. It looks like the sales of this dress will be very good after Shark Tank.
Bridal Babes Shark Tank Update
The episode of Bridal Babes Shark Tank was aired on 21, 2022, in which the entrepreneur gave all the information about their business to the shark. Before thinking of investing in this business, also talked about its annual sale and old investors.
Emma has invested in this business and she said that she will help this business to grow. The main focus of this business is on building community.
We’re following Charles and Ashley Young along with their company for further updates.
What Is Bridal Babe’s Net Worth?
This business especially runs in the wedding season and its sales are not known to be so much during the rest of the time. The sales of this company keep fluctuating, some years more and some years less. So according to this Bridal Babes, net worth can be around $150,0000.
Is Bridal Babes Still In Business?
At the present time, this company only focuses on the wedding and at the time of the wedding, it is known to do very good business.
There are many women who are about to get married, they buy dresses for brides and bridesmaids, then bridal babes give affordable dresses to those women.
The headquarters of this company is in the Washington DC-Baltimore Area and about 1-10 employees are working in it.
Yes, Bridal Babes is still in business as of November 2022.