Ice Cream Canteen Net Worth: What Happened After Shark Tank?

A simple thermos-like container, the Ice Cream Canteen can keep pints of ice cream frozen for up to 4 hours. This portable container makes ice cream convenient to enjoy anywhere. To our knowledge, this is the first vacuum-insulated container designed just for ice cream. In 2018, Jordan Stern founded the corporation that bears his name. Jordan tells the tale of the product’s creation.

In 2017, Jordan went on a road trip, and he mentioned on the corporate blog that he brought a coffee thermos with him. He reasoned that if the thermos technique can keep coffee hot, it should keep ice cream cold, too. Jordan proceeded with the plan, and the result of his laborious planning and investigation was The Ice Cream Canteen.

Although ice cream is a fan favourite, no one like eating it once it has begun to melt. It looks like delicious ice cream when this cream freezes. This airtight container is perfect for transporting ice cream on a road trip or picnic without worrying about it melting. Jordan Stern, the company’s founder, went on the 18th episode of Season 14 of Shark Tank to seek investment and improve production. Here we see technology in action, and it’s fantastic to see.

“What is Ice Cream Canteen Net Worth in 2023” Check Here!

Net Worth of Ice Cream Canteen?

Ice Cream Canteen Net Worth: What Happened After Shark Tank?

The Ice Cream Parlor is currently valued at $0.5 million. This business has been operational since 2018, per their LinkedIn page. We’ve noticed a rise in demand for this type of trendy goods. Ice cream is a popular treat, but unfortunately, it melts quickly when left in the open air for too long. The ice cream will begin to melt on its own after a few minutes, but it will take longer because it will melt through the container.

What is The Ice Cream Canteen?

Thermos technology was used to create the Ice Cream Canteen. You can store ice cream in this container for up to 4 hours, or in a cooler for up to 8 hours, without it melting. You can stator a 16-ounce or 14-ounce pint of ice cream in this convenient container. This container will better keep the ice cream frozen if refrigerated before use.

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Even if a pint of ice cream won’t fit, you can still fill the container with the frozen treat. The watertight seal on the Ice Cream Canteen’s stainless steel Cap means that spills are a thing of the past. The ice cream canteen comes in five distinct styles, and the manufacturer allows for personalized branding. This item may be purchased for $44.99 on Amazon, also listed.

Ice Cream Canteen Before Shark Tank

Jordan implemented his plan and developed a service that has grown into a successful enterprise. On July 23, 2019, he began the firm with a Kickstarter effort to raise money from the general public. He received $121,218 from 1,882 backers during the crowdfunding action.

In August 2020, after the campaign ended, he sent the product out to all of the backers. This product has received overwhelmingly positive feedback from the Kickstarter backers who have purchased it. To help his company grow, Jordan has decided to appear on the show Shark Tank.

How Was The Shark Tank Pitch Of The Ice Cream Canteen?

After entering Shark Tank, Jordan asked for $100,000 for 5% ownership at a $2,000,000 valuation. He told Shark about The Ice Cream Canteen and how it keeps the ice cream frozen for a long time. Jordan summoned Mark and had him do a test in which the ice cream remained frozen despite Mark scorching the canteen.

There are currently three trademark applications filed for his design. The current retail price for this item is $44.99, while the landed cost is $7.50. Revenue is generated through “direct to consumer” and retail ice cream sales. Sales for 2022 are at $185,000, up from $98,000 in 2021. His gain is currently more than 50%. In 2022, they anticipate grossing $400,000 and realizing a net profit of more than 50%.

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He borrowed $15,000 from credit cards to launch his company. Kevin O’Leary put forward a $100,000 bid for a 30% stake. In exchange for 25% stock and a $100,000 credit line, Lori Greiner and Mark Cuban offered $100,000 in cash. To Lori and Mark’s 85% equity, Jordan offers 15%. Mark rejected a credit line of $200,000 in exchange for 20% ownership.

Update on the Ice Cream Canteen from Shark Tank

Jordan entered the shark tank and described the contents of his frozen container to the sharks. The founder and the shark had a lengthy conversation before the funding was accepted. The founder also discussed the sales report for the company. We’re keeping tabs on Jordan Stern and his business.

Is There Still An Ice Cream Parlor Open?

In December 2018, an ice cream parlour was established. Since then, Jordan has managed this company single-handedly. There aren’t many reviews for this product on Amazon, but the ones there are overwhelmingly positive.

This demonstrates that the product meets the needs of its target audience. As many as five persons may be working out of this company’s current headquarters in the San Francisco Bay Area in California. As of July 2023, The Ice Cream Canteen is still operating.

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