Sarah Oliver Handbags, known for its handcrafted purses made by a group of senior citizen artisans called “The Purlettes,” appeared on Shark Tank in 2015.
Despite receiving a $250,000 offer from Lori Greiner, the deal did not finalize. The company gained significant publicity from the show but has since struggled with scaling production.
As of 2024, Sarah Oliver Handbags is no longer in operation, with no recent crowdfunding or major acquisitions reported.
The business remains a memorable Shark Tank story, highlighting a unique social enterprise supporting seniors but ultimately unable to sustain long-term growth.
Sarah Oliver Handbags Net Worth
| Estimated Net worth | $830K (2015) Business Valuation |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investors | Robert Herjavec, Lori Greiner, and Kevin O’Leary |
| Founder | Sarah Oliver |
| Employees | Not available |
Sarah Oliver Handbags Pitch on Shark Tank
| Company name | Sarah Oliver Handbags |
| Product | Community-made handbags knitted by senior citizens |
| Episode | Season 07 Episode 10 |
| Founder | Sarah Oliver |
| Asked for | $250,000 for 20% equity |
| Final deal | $250,000 for 30% equity |
| Sharks | Robert Herjavec, Lori Greiner, and Kevin O’Leary |
| Location | Mill Valley, California, USA |
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Sarah Oliver Handbags Founder
Sarah Oliver Handbags was founded by Sarah Oliver. She is a designer coming from California. Sarah Oliver Handbags’s founder, Sarah Oliver, has a net worth of unknown as of 2024 since the business is no longer operational.
Key accomplishments
| Year | Accomplishment |
| 2015 | The company appeared on Shark Tank Show and got the deal from Robert Herjavec, Lori Greiner, and Kevin O’Leary. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Sarah Oliver Handbags was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Sarah Oliver Handbags went out of business in 2017. And the product is no longer available in the market.
