What Happened To Genius Juice After Shark Tank?
Genius Juice After Shark Tank Update: Genius Juice is an all-natural coconut smoothie made with all-natural ingredients. Alex’s main problem was to find the manufacturer of the product and to reduce the cost, so he partnered with a manufacturer in Thailand. Coconut is a superfood because it has high fiber and low carbs which controls blood sugar levels.
Alex raised $15,375 on My 2015 by launching a crowdfunding campaign on Kickstarter after the product issue was resolved.
What Is Genius Juice?
Genius Juice is a natural coconut smoothie company. This coconut smoothie comes in different flavors and has a total of 100 calories. To buy these coconut smoothies, you have to go to Amazon and the official website. This product is being sold at 2800 retail stores nationwide.
Who Is The Founder Of Genius Juice?
Alex Bayer is the founder and CEO of Genius Juice Company, he started this company in 2014. Alex is a marketing expert and worked as an account executive at Aflac for over 5 years.
Genius Juice Shark Tank Update
| Company Name | Genius Juice | |
| Founder | Alex Bayer | |
| Founded | 2014 | |
| Product | Blended whole coconut smoothie | |
| Asked For | $250k for 7% equity | |
| Final Deal | $500k for 25% equity | |
| Shark | Mark Cuban Barbara Corcoran | |
| Episode (Shark Tank USA) | S11 E12 | |
| Air Date | Jan 19, 2020 | |
| Business Status | In Business | |
| Genius Juice Net Worth | $4M *estimated | |
| Headquarters | Torrance, California, US | |
| Genius Juice Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To The Tomte Cake After Shark Tank?
Genius Juice on Shark Tank Pitch
After entering the shark tank, Alex asked the sharks for $250k for 7% equity. He explained very well to Shark about his coconut smoothie product. All the sharks tasted the smoothie and liked it very much.
Total sales in 2018 were $367,000 and Alex is expecting $1 million in sales by the end of 2019. Alex is projecting $6 million in sales in 2020. Alex and his family have spent a total of $1.3 million on this business.
Barbara Corcoran offered $250k for 14% equity. Kevin O’Leary has offered $250k as a loan at 9% interest for a 7% equity. Alex counters Barbara’s 11% equity. Mark Cuban and Barbara Corcoran team up and offer $500k for 25% equity. Alex accepted the offer.
Genius Juice Net Worth
Genius Juice has an estimated net worth of $4 million. This company is moving forward with one of its products Coconut Smoothie and Alex is expanding the business slowly. Alex is currently working on a new product launch.
Is Genius Juice Still In Business?
Yes, Genius Juice is Still in business as of August 2023.
Genius Juice Company is expanding the category, Their new product Genius Boost is available in most cities in California.
The company’s headquarter is in Torrance, California, United States. And 11-50 people are working in it.
FAQs
Alex Bayer is the founder and CEO of Genius Juice Company.
Genius Juice has an estimated net worth of $4 million.
Yes, Genius Juice is Still in business as of August 2023.
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