Pink Shutter Photobooths Shark Tank Update

Pink Shutter Photobooths is an industry leader in photo booth rentals serving California and Nevada.

Lance Yabut discusses his plans to expand his popular and highly rated service company with the Sharks in episode 425 of Shark Tank.

Pink shutter photobooths have become increasingly popular as an “accessory” at weddings, parties, and corporate events.”

A Pink Shutter Photobooths “technician” arrives at an event location to set up a temporary, high-tech photobooth stocked with touch screen monitors, Canon DSLR cameras, high-speed printing printers, and “party décor.”

The photobooth provides guests with the opportunity to take a snapshot of the event and have it printed as a souvenir.

Photobooth rental service Pink Shutter Photobooths claims to be the best in the business, and the numerous positive reviews they have received on Yelp support that claim.

Also, they offer a video option along with a low price guarantee.

What Is Pink Shutter Photobooths?

Pink Shutter Photobooths delivers photo booth rentals in California and Las Vegas for private and corporate events.

Pink Shutter PhotoBooth is a California and Las Vegas-based company that rents PhotoBooths for private and business events.

Pink Shutter’s PhotoBooths are a popular “accessory” for weddings, parties, and corporate functions. 

Pink Shutter PhotoBooth technicians arrive on-site and set up a portable, high-tech photo booth equipped with touch screens and CANON SLR cameras.

Pink Shutter Photobooths Shark Tank Update

PhotoBooth guests may enter to create instant photographic memories of the event by using high-speed photographic printers and “party props.”

Pink Shutter PhotoBooth describes itself as the best PhotoBooth rental company in the industry, and their many Yelp reviews support that claim. The company also offers video options and a low price guarantee.

Company NamePink Shutter Photobooths
EntrepreneurLance Yabut and Tom Kanemoto
ProductPhotobooth rental service
Investment Asking For$300,000 For 10% equity in Pink Shutter Photobooths
Final Deal$300,000 For 33% equity in Pink Shutter Photobooths
SharkBarbara Corcoran
Episode Season 4 Episode 24
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Pink Shutter Photobooths?

Pink Shutter Photobooths was founded by Lance Yabut and Tom Kanemoto and had locations in Los Angeles and Las Vegas.

There has been an increase in the popularity of hiring photobooths for weddings, birthdays, and other festive occasions. 

Pink Shutter PhotoBooth was created due to the lack of a similar service on the market, which the two recognized.

The Pink Shutter PhotoBooth is a temporary photo booth, and a technician from Pink Shutter PhotoBooth arrives to set it up and take pictures at the event.

Pink Shutter Photobooths include various accessories that guests can use in their photographs and a high-speed printer so guests can print a copy of their images.

Pink Shutter Photobooths Before Shark Tank

Lance Yabut and Tom Kanemoto founded a Pink Shutter photobooths rental company in California and Las Vegas. The two met in high school and became friends and entrepreneurs due to their friendship.

It has become increasingly common to rent a photo booth at weddings, birthday parties, and other celebrations.

They developed Pink Shutter Photobooths in response to a market need for such a service and opened their own company.

A Pink Shutter Photobooth technician will set up the temporary booth and take photos of attendees at an event when a customer rents one of our photo booths.

Pink Shutter Photobooths are equipped with props for guests to use on their photographs, as well as high-speed printers so that every guest may take a copy of the pictures home with them. In addition, guests can take selfies with their friends using the Pink Shutter Photobooth.

Lance and Tom decided to participate in the shark tank to expand their company’s reach into a new market.

They were looking for more funding that would help them expand their company and the experience the sharks could provide in the business world.

Will the sharks take notice and invest in this burgeoning trend?

How Was The Shark Tank Pitch Of Pink Shutter Photobooths?

Lance Yabut and Tom Kanemoto are aspiring entrepreneurs who appeared on Shark Tank seeking a $400,000 investment for a 10% share in Pink Shutter Photobooths.

They try to enthuse the Sharks to try the photobooth by using a variety of goofy props, including glittering hats and other funny things, to get some hilarious photos.

He wears a tan leather jacket, pink feather boa, and dazzling glasses, making for a striking ensemble.

In its first year of operation, the company made a profit of $195,000 and did not have any debt.

This year’s first-quarter results have been replicated, putting them on course to have another lucrative year in the books.

There are currently five major cities in Sacramento, Los Angeles, Las Vegas, San Francisco, and San Diego. The company is headquartered in Sacramento.

Mark Cuban is looking for what sets them apart from the competition among the many photobooths companies.

Yabut says they have lowered the photo booth price and are working with Groupon and Living Social to sell their products online.

Kevin O’Leary once said, “There is nothing proprietary about this.” Sadly, he is no longer with us.

Mark Cuban believes that the duo has created a situation where their margins are high, allowing them to compete on price. He is out.

Daymond John has a problem with the numbers. Each of the two earns a salary of $100,000 each year. He doesn’t believe the figures add up, so he’s out of the game.

Robert Herjavec agrees that the math doesn’t add up and says 10 percent equity isn’t worth the effort. He is out as well.

There is still one Shark left, Barbara Corcoran. She offers $300,000 for 33 percent ownership of the company, with the condition that she receives $100,000 in addition to her share of profits when the duo receives their wages.

Mark Cuban enters the fray, proposing the same deal as before, but with the caveat that he would not accept the $100,000 refund until they had generated $1 million in sales.

After a brief discussion, Corcoran and Cuban counter-offer: a 25 percent stake in exchange for $300,000, split evenly between them.

The Sharks refuse to adjust the percentage, and Cuban fires them, calling them “wishy-washy.”

Corcoran’s offer is the only one they choose when they have one choice.

What Happened To Pink Shutter Photobooths After Shark Tank?

Pink Shutter Photobooths has had tremendous success since the Shark Tank episode aired, and the company has plans to expand.

When Barbara and Lance completed the transaction, she was true to her word and worked tirelessly with Lance and Tom to bring Pink Shutter Photobooths to a wider audience.

Barbara assisted Lance and Tom in obtaining invitations to several high-profile events organized and sponsored by major corporations such as Dreamworks, NBC, and Hulu, to mention a few.

Lipstix Remix Shark Tank Update

In addition, Pink Shutter Photobooths has reaped the benefits of their appearance on Shark Tank, including increased popularity and publicity.

Lance and Tom plan to make the best of this opportunity by expanding throughout the United States. Overall, it was a tremendously successful transaction for Lance, Tom, and, of course, Barbara!

Pink Shutter Photobooths Shark Tank Update

Barbara Corcoran “took the time in” to ensure the success of Pink Shutter Photobooths, as she stated in an interview.

Following their appearance on Shark Tank in 2013, Pink Shutter Photobooths have been invited to participate in events sponsored by well-known brands like NBC, Hulu, and Dreamworks.

In the days following a Shark Tank Deal, Pink Shutter Photobooths has gone from a one-person operation to a nationwide company that has established itself as a well-established, nationally recognized brand.

Pink Shutter Photobooths Shark Tank Update

The two of them, and Barbara Corcoran, are beaming from ear to ear to the bank.

Fast forward to August 2021, and they have ten sites in San Francisco, Honolulu, Dallas, Inland Empire, Los Angeles, Las Vegas, New York, Orange County, Sacramento, San Diego, and the option franchise. 

They also offer franchise opportunities. Pink Shutter Photobooths generates $5 million in revenue every year as of 2022.

Is Pink Shutter Photobooths Still In Business?

Pink Shutter Photobooths has expanded its reach since appearing on Shark Tank, with new locations in New York, Dallas, and Honolulu.

The company has also introduced a spinoff called Speedway Photo Booth, which uses the same equipment and prints the same high-quality photos as the original, but with an open concept.

Haven Lock Shark Tank Update

It is intended to make special events even easier and more efficient. The Kanemoto & Yabut firm offers a trademarked mentoring program in entrepreneurship. 

The startup bundle consists of six sessions providing expert business advice and mentoring for $1000. You can also get business advice and mentoring help as part of a start-up bundle.

You May Also Like
Guzzle Buddy Shark Tank Update
Read More

Guzzle Buddy Shark Tank Update

Jennifer Jo Sullivan and Randy Rothfus plan to sell their “wine glass” novelty item on Shark Tank. The…