Mavens Creamery Shark Tank Update

Mavens Creamery Shark Tank Pitch

Gwen Nguyen and Christine Nguyen appeared on Shark Tank Season 10, Episode 20, which aired on April 21, 2019, with macron ice cream sandwiches.

Mavens Creamery is listed in the Food Beverage category. In plain terms, the business is described as macron ice cream sandwiches.

Mavens Creamery asked the Sharks for $400,000 for 10%, implying a valuation of about $4 million.

On the show, Mavens Creamery made a listed deal with Barbara Corcoran for $400,000 for 25%.

If treated as straight equity, the listed deal works out to about $1.6 million implied valuation, down from the original $4 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Mavens Creamery After Shark Tank

Mavens Creamery accepted an on-air Shark Tank deal for $400,000 for 25%, and later updates say the deal closed. (Mavens Creamery Shark Tank Update

Update sources put Mavens Creamery's annual revenue around $3 million. (Mavens Creamery Shark Tank Update

Since airing in April 2019, Mavens Creamery has expanded retail distribution to Colorado, Kroger’s Markets throughout the Midwest, Whole Foods in the Northeast, and several other market chains, including King Soopers, Vons, and Pavilions. (Mavens Creamery Shark Tank Update

The company introduced ice cream in addition to the ice cream sandwiches. (Mavens Creamery Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches