Have you ever been served a Hot Coffee from a Fridge?
Trust me it does happen in japan whereby users get Hot Coffee from Hot refrigerators. Don’t assume the fridge is not working…it’s only to get your coffee hot enough and enjoy its great taste. HotShot coffee comes in cans, these Coffee cans are now available in five flavors: Caramel, Chocolate, Black, Espresso, and French Vanilla.
The coffee is brewed to 140 degrees remains hot for consumers and it’s all due to their novel technology, the coffee remains hot. You would not believe that one can hold the coffee without their hands getting burnt.
HotShot Coffee at a glance:
| PRODUCT | Ready to drink hot coffee can |
| FOUNDER | Danny Grossfeld |
| Investment PITCH | $300,000 For 10% |
| DEAL | NO DEAL |
| SHARK | NO SHARK |
| STATUS | In Business |
| WEBSITE | HotShot coffee |
Index:
Who owns HotShot Coffee?
It was a usual early morning, Danny Grossfeld was in search of hot coffee before his business meeting in Japan. Being unable to find it, he checks the refrigerator for a Cold Coffee but to his pleasant surprise it turned out to be a hot canned coffee.
The thought was embedded in his mind to start exploring ideas and eventually, after six years it took shape to replicate the successes of canned coffee in Japan. Danny had to spend approximately two million dollars for making his a invention reality. What happened next !!!
Despite the challenges, Danny did not lose hope and went on to develop the HotShot Drinks in combination with HotBox which can hold nine cans at a time and amazingly can keep coffee warm up to three months – isn’t that cool.
Did HotShot Coffee get a deal on Shark Tank?
Danny pitches the dream idea of hot canned coffee that took shape from his Japan visit and wants to make it a reality in the US too.
Danny sought investment of $300K for 10% of the business. He explains the creation of ultimate convenience in hot coffee and shares it with the sharks. Once they drink they do declare that’s “really good” and also would have been very hot without his insulated label.
The Sharks were quick to evaluate in spite of 2 Million dollars was there any sales in the past 36 months this product was being developed. Danny explains that there have been great reviews but did not materialize into sales.
Chris Sacca and Robert are out as there were no sales as yet. Lori also seeks herself out as it’s true that there are other coffee brands in the market. Mark tries to think of placing in Landmark Theatres but he also steps out.
Danny could not seek any investment in the Shark Tank episode.
Danny’s efforts in realizing this invention were phenomenal as he had spent six years and $750,000 from his own money and another $500,000 from his friends and family. It was sad to note that it could still make it into the shark investments.
What Happened to HotShot Coffee after Shark tank?
Even though Danny had lost the deal but the hope was still there. He has completely overhauled his website (drinkhotshot.com) and announced that they have started taking pre-orders on the HotBox and would be shortly available in movie halls, malls “soon”.
They have expanded the market by producing Store machines that can store these Coffees and keep them HOT at the retailers.
The best part is in August 2021, Hotshot Coffee has its own hot boxes in multiple locations across the nation. Not to miss they are now available in Walt Disney World! With annual revenue of $2 million as a pleasant surprise.
What’s the worth of HotShot Coffee?
The company business started with $750,000 and now grown into 2 million revenues in 2021. At the time of Shark tank appearance, HotShot Coffee was valued at around $3 million.
HotShot Coffee Competitor’s analysis:
Most of the market exists for Cold Beverages but this concept is unique as it allows Coffee Cans to be kept hot in HotBox and contains technology that has an insulating layer to allow users to use these Hot Coffee without getting their hands burnt.
HotShot Coffee Product Analysis:
HotBox can hold nine cans which the users can store in it and after 90 minutes can enjoy the premium hot coffee. Don’t be in disguise it’s not cold but Hot Drink shots. HotBox has an innovative heating technology to keep the cans hot and surprisingly one can drink the coffee from the can without burning their hand even while they are hot as they are available with insulated labels.
Very easy to operate and handy ways to get hot coffee with great convenience.
Interesting facts about HotShot Coffee:
Hotshot coffee and HotBox have various unique features –
- HotBox can hold up to nine cans and maintains them at 140 degrees, day and night to allow the user to enjoy the premium coffee at this perfect temperature.
- With its unique heating technology, it only heats the can using conductive heating technology and not the environment.
- Comes with a revolutionary insulated label, which allows your hand to remain cool while the coffee remains hot.
- Comes in three main flavors – BLACK SUMATRA, FRENCH VANILLA, and HOT CHOCOLATE.
Is HotShot Coffee profitable?
HotShot Coffee and HotBox are still in business with their business flourishing in Large Retailers, Theatres, Malls, and now in Stadiums. Increasing their market share by introducing Store Machines and also new Hot Beverage flavors are bound to grow wide and large in the Hot Drinks segment.
Future aspects of HotShot Coffee:
Now available in retailers like Walmart, Amazon at a large scale and plan to introduce them with store machines in stadiums, in addition to the existing theatres and malls, etc. Planning to get into Hot Beverages market with new flavored Hot drinks.
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, do check useful Startup Resources and Tools below and do join our newsletter 📰 for free for more interesting Business Case Studies 💰, Startup Insights 🚀, and Startup founders podcast 🎙️ delivered to your inbox every Sunday morning.
Do follow us:
Related Articles:
- Locker Board: What Happened After Shark Tank?
- Define Bottle: What Happened After Shark Tank?
- Kisstixx: What Happened After Shark Tank?
- Heidi Ho: What Happened After Shark Tank?
- Cave Shake(Space Shake): What Happened After Shark Tank?
- Sarah Oliver Handbags: What Happened After Shark Tank?
What is HotShot Coffee?
HotBox can hold nine cans which the users can store in it and after 90 minutes can enjoy the premium hot coffee. Don’t be in disguise it’s not cold but Hot Drink shots.
Who founded HotShot Coffee?
Danny Grossfeld was in search of hot coffee before his business meeting in Japan. Danny had to spend approximately two million dollars for making his a invention reality.
