✓ Got a deal Out of business Season 7, Ep. 10 💄 Fashion & Beauty

Sarah Oliver Handbags on Shark Tank

Sarah Oliver Handbags makes designer handbags that are hand-knitted by a team of retirees and seniors. The business combines distinctive fashion accessories with providing meaningful, flexible work for older adults who enjoy knitting.

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⏱ Sarah Oliver Handbags in 30 seconds

The ask$250K for 20%Valued at $1.25M
In the tankDeal: $250K for 30%With Kevin, Lori and Robert
After the showNot confirmedNo public record either way
TodayClosedSarah Oliver Handbags closed in April 2017 after the US Department of…

Sarah Oliver Handbags Shark Tank deal

Asked for: $250,000 for 20%
Asking valuation: $1.25M
Result: Deal
Final deal: $250,000 for 30%
Deal valuation: $833.3K
Sharks: Kevin O'Leary, Lori Greiner, Robert Herjavec
Founders: -
From: -
Aired: Dec 4, 2015

Asked

$1.25M

Got

$833.3K

Would you have invested in Sarah Oliver Handbags?

The pitch

The founders pitched Sarah Oliver Handbags in Shark Tank Season 7, Episode 10 (aired Dec 4, 2015). They asked for $250,000 in exchange for 20% equity, valuing the business at $1.25M. The entrepreneurs walked away with a deal from Kevin O'Leary, Lori Greiner and Robert Herjavec: $250,000 for 30%. That put the final valuation at $833.3K, 33% below what they originally asked for.

What happened to Sarah Oliver Handbags after Shark Tank?

Out of business

Sarah Oliver Handbags appears to be out of business (Sarah Oliver Handbags closed in April 2017 after the US Department of Labor said paying the knitters by the piece was not allowed.).

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Frequently asked questions

Did Sarah Oliver Handbags get a deal on Shark Tank?

Yes. Sarah Oliver Handbags got a deal with Kevin O'Leary, Lori Greiner and Robert Herjavec for $250,000 and 30% equity.

Which Shark invested in Sarah Oliver Handbags?

Kevin O'Leary, Lori Greiner and Robert Herjavec invested in Sarah Oliver Handbags on Season 7 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Sarah Oliver Handbags still in business?

Sarah Oliver Handbags appears to be out of business (Sarah Oliver Handbags closed in April 2017 after the US Department of Labor said paying the knitters by the piece was not allowed.).

What season and episode was Sarah Oliver Handbags on Shark Tank?

Sarah Oliver Handbags appeared in Season 7, Episode 10, which first aired on December 4, 2015.

Where can I buy Sarah Oliver Handbags?

Search for Sarah Oliver Handbags on Amazon or major retailers; availability varies.

What was Sarah Oliver Handbags's valuation on Shark Tank?

The founders valued Sarah Oliver Handbags at $1,250,000 when they entered the Tank, and the final deal valued it at $833,333.