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Frozen Farmer Shark Tank Update

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Frozen Farmer is a brand selling tasty and healthy ice creams, sorbet, and “nice creams”. But it is not like any other usual brands selling the same thing. Frozen Farmer uses 20% of the unsold farmers’ produce that is not sold because of aesthetic reasons.

Frozen Farmer’s ice cream comes in 31 different flavors, sorbet in 8 flavors, and nice creams, a product made from sorbet and ice cream combined, in 4fflavourss. Frozen Farmer is available for sale at the official farm in Bridgeville, Delaware, on the company’s website, and fill ice cream trucks. Frozen Farmer is also available at 200 area grocery stores and over a dozen restaurants.

Frozen Farmer at a Glance:-

IdeaPremium dairy products and gluten-free ice- cream.
FoundersCouple Katey and Kevin Evans
Asked For$125,000 For 20%
Accepted Deal$125,000 For 30%
SharksLori Greiner
Business statusIn Business
Episode No.Season 11, Episode 17
WebsiteFrozen Farmer

Index:

Who are the founders of Frozen Farmer?

Couple Katey and Kevin Evans are the founders of Frozen Farmer. When they figured that they could not sell 20% produce of their farm, they decided to turn it into something that everyone likes. They turned it into a business selling premium ice creams and sorbet. Both the people are chefs as well as farmers. Katey’s mother is also their helping hand in business.

On their location of the business, they kept their kitchen open so that their customers could easily watch them make those delicious items and then encouraged them to take their product on Shark Tank. Even Shark Tank’s occasional guest, Bethenny Frankel told them to try appearing on the show. The couple wanted a shark’s help to tap into the retail market.

Did Frozen Farmer get a deal on the Shark Tank?

Katey appeared on the show seeking an investment of $125,000 for 20% equity in the business. Katey started her presentation by giving samples to the sharks for physical touch. Frozen Framer has successfully did sales of $310,000 to date. Ketay needed sharks so that she can’t get over the need for co-packers to sell her goods nationwide.

Shares loved the taste but also pointed out the sympathy factor that she was getting because her father died on duty as a firefighter. Sharks believe that local people are with her because of her father not because of the brand and taste which can fall in the future. Barbara Corcoran said it is not going to be a successful business and went out. Mark Cuban appreciated her efforts and said it was too early to invest.

Daymond John said she is doing great at a local level does not mean it will get the same response on the bigger platforms. Kevin O’Leary found the business structure complicated and therefore he went out. Lori Greiner, not an ice-cream lover but still loved the confidence of Katey and gave an offer of $125,000 for 30% equity in the business. Katey accepted the offer with no counter and took her check with a hug from Lori Greiner.

See also  What Happened to Gobie H2O After Shark Tank?

What happened to Frozen Farmers after the Shark Tank Show?

Frozen Farmer signed a deal with Lori Greiner on Shark Tank. The deal after the show. Frozen Farmer partnered up with Giant Food Stores and blew up. During the pitch, they ask for a valuation of $625,000 which was updated to $416,666.6 by Lori Greiner.

Frozen Farmer also supplies vegetables to retailers. They have expanded their ice cream business to 169 shops. All the Kroger stores and Shop & Stop stores have signed a deal with Frozen After the show, Farmer and products are available at the stores. Before entering Shark Tank, revenue earned by Frozen Farmer every year was $300,000. Now, after appearing on Shark Tank, Frozen Farmer earns around $1 million every year. They have purchase orders of $15 million currently. The order was completed successfully and they are growing in the market continuously.

After the show, In June, the Founder of Frozen Farmers announced that they’ll be offering various flavors online and among the nation. Frozen Framers include vanilla, chocolate, cookies, cream, butter pecan, and cake batter. Before coming to the show, they had a captured area of over 200 stores and a dozen of restaurant contractors. Frozen Framers in total have 31 flavors of ice- cream, 8 sorbet flavors, and 4 nice ice- creams. They made their position in Maryland, Virginia, Washington DC, and many more.

As of 2022, Lori Greiner believed that they’d be touching the $20 million target by the year’s end. In 2022, they also raised an investment of $2.5 million from WSFS bank on a line of credit. Frozen Farmers recently placed over 8,000 stores.

Competitors of Frozen Farmer are:-

  • Naturals
  • D’lites on the beach
  • Dairy Queen
  • El Pollo Loco
  • Steak House.

What is the net worth of Frozen Farmers?

The valuation during the show was $625,000 which get updated to $416,666.6 on the show. The estimated net worth of Frozen Farmers is $5 million as of 2022.

Is Frozen Farmers still in business?

Frozen Farmers is still in business and going insane. Frozen Framers are currently available in more than 8,000 stores. They have also started selling different flavors online. In 2022, they also raised $2.5 million from WSFS bank on a line of credit. Lori Greiner forecasted that they’d be touching the target of $20 million by the year-end of 2022.

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FAQs:

What is Frozen Farmer?

Frozen Farmer is a brand selling tasty and healthy ice creams, sorbet, and “nice creams”. But it is not like any other usual brands selling the same thing. Frozen Farmer uses 20% of the unsold farmers’ produce that is not sold because of aesthetic reasons.

Who founded Frozen Farmer?

Couple Katey and Kevin Evans are the founders of Frozen Farmer. When they figured that they could not sell 20% produce of their farm, they decided to turn it into something that everyone likes. They turned it into a business selling premium ice creams and sorbet. Both the people are chefs as well as farmers. Katey’s mother is also their helping hand in business.

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