What Happened To The Frozen Farmer After Shark Tank?
The Frozen Farmer After Shark Tank Update: The Frozen Farmer is an ice cream brand that makes delicious ice creams of different flavors from fresh fruits and veggies. This business was started in 2015 by Katey Evans and Kevin Evans, both of them are farmers and chefs.
Before starting this business, they used to work on their third-generation family farm and they noticed that 20% of their fruits are being wasted. To reduce fruit wastage, they started the frozen farming business.
The customer feedback on The Frozen Farmer’s Ice Cream was positive and they suggested to the founders to go to ABC Shark Tank.
What Is The Frozen Farmer?
The Frozen Farmer is a food and beverage manufacturing company that primarily deals in ice creams made from fresh fruits.
They make frozen desserts from the recipes of their third-generation family farm. Whatever fruits and veggies ingredients are used to make desserts, all come from their farm.
They have some Sorbet and Frobert dessert which is completely gluten-free. Their different desserts contain calories from 70 to 370. You can buy all their flavors from the company website, Kroger, Walmart, Bakers, etc. retail stores.
Who Is The Founder Of The Frozen Farmer?
The Founder and CEO of The Frozen Farmer Company are Katy Evans and Kevin Evans they are both wife and husband. Initially, both of them used to work on their third-generation farm, but in 2015 they started their own company.
The Frozen Farmer Shark Tank Update
Company Name | The Frozen Farmer | |
Founder | Katey Evans and Kevin Evans | |
Founded | 2015 | |
Product | Frozen Ice cream and Dessert | |
Asked For | $125k for 20% equity | |
Final Deal | $125k for 30% equity | |
Shark | Lori Greiner | |
Episode (Shark Tank USA) | S11 E7 | |
Air Date | Mar 27, 2020 | |
Business Status | In Business | |
The Frozen Farmer Net Worth | $10M *estimated | |
Headquarters | Bridgeville, Delaware, United States | |
The Frozen Farmer Instagram | View Profile | |
GO TO AMAZON | Buy Now |
Also Read This: What Happened To Honey Bunchies After Shark Tank?
The Frozen Farmer On Shark Tank Pitch
Katy Evans enters Shark Tank to seek funding, and asks sharks for $125k for 20% equity, with a better pitch. She told Shark their products are available in 70+ Delaware stores and have sold $300,000 so far in 2019.
15% of their sales come from Delaware grocery stores and the rest from wholesale sales. Mark Cuban said there are 10,000 people doing the same things, he doesn’t want to be the 10,001 so he’s out.
Kevin O’Leary and Daymond John refused to invest in this business. Lori Greiner offered $125k for a 30% equity, contingent upon a deal with National China. Katy accepted this offer without delay.
The Frozen Farmer Net Worth
The Frozen Farmer’s current net worth is an estimated $10 million. In 2019, this company had annual sales of $300k and in 2023, annual sales have reached $25 million.
The market size of frozen desserts in the United States alone is more than $32.37 billion and is estimated to reach $46.39 billion by 2030.
Is The Frozen Farmer Still In Business?
Yes, The Frozen Farmer is still in business as of August 2023.
All the sharks did not invest in this business but Lori Griener invested in this business and with their guidance the business was valued at more than $10 million.
This Food and Beverage Manufacturing company is headquartered in Bridgeville, Delaware, United States, and employs 11-50 employees, according to LinkedIn.
FAQs
The Founder and CEO of The Frozen Farmer Company are Katy Evans and Kevin Evans.
The Frozen Farmer’s current net worth is an estimated $10 million.
Yes, The Frozen Farmer is still in business as of August 2023.
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