Nearly Newlywed Bridal Boutique is an online shop that sells designer bridal gowns at discount prices. Jackie Courtney pitches her company in Shark Tank Season 4.
Nearly Newlywed just launched
Designer wedding dresses are expensive, and Jackie found a way to offer them through Nearly Newlywed at a fraction of the price. Her company will even buy back the bridal gown after the bride has her wedding for half of the original purchase price.
Jackie Courtney launched Nearly Newlywed when she tried to find a dress for her wedding in New York City where she now lives. Originally from Iowa, Jackie fell in love with the fashion industry which is why she made a move.
Nearly Newlywed does have competitors that rent dresses. Unfortunately, brides are not allowed to alter a rental dress. Brides can alter the dresses from Nearly Newlywed, and then sell them back.
Jackie tells the Sharks she hasn't been in business that long, however, they are experiencing excellent growth. They started with 30 dresses and had tripled the inventory. They get their inventory on consignment and do not pay for it until Nearly Newlywed sells the dresses.
Nearly Newlywed Episode Statistics
Company: Nearly Newlywed
Website
Entrepreneur: Jackie Courtney
Ask: $ 35,000 for 10% equity
Companies in this episode: Nearly Newlywed, Corks Away, Tie Try, and Ruckpack Combat Nutrition
Season 4 Episode 410
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Barbara Corcoran, Robert Herjavec
First Aired: 11/15/2012
Deal: Jackie gets the offer from Kevin for $35,000 for 40%, and she respectfully declines.
What do the Shark Tank Investors say about Nearly Newlywed?
Mark Cuban shares that her traffic comes from publicity, how are they going to sustain after that rush falls off. Mark said the risk is enormous, so he is out.
Daymond John tells her that he loves the space and Daymond recently became educated in the wedding market. He believes this is the only time that a female has no rational when it comes to purchasing on her wedding day. Daymond wants to be in the space to sell something that costs $4 for $4,000. He is out.
Kevin O'Leary asks Jackie, isn't the reason you keep the wedding dress is too see if she will fit in it twenty years later. Kevin offers to give her the $35,000 for 40%. He “loves love,” he is willing to take a chance.
Barbara Corcoran says Jackie has a perfect background coming from the publicity world, but you are not proven because you have been in business for three months. She does not see getting her money back, as it is too early for her. She is out.
Robert Herjavec states his daughters are fourteen and planning their weddings now. He thinks the only time a woman is going to get a used dress is when they are previously divorced.
Nearly Newlywed after Shark Tank
Nearly Newlywed went into Shark Tank almost immediately after inception, and that is a huge reason why Jackie did not get a reasonable deal on Shark Tank. But, She continues to do well with her business, partnering with one of the big names in the wedding industry.