What Happened to Captain Ice Cream after the Shark Tank Pitch?
What is Captain Ice Cream?
Captain Ice Cream is a novelty ice cream vending truck that tours the United States.
Who is Captain Ice Cream’s Founder?
Captain Ice Cream’s creator, Tim Gavern, is an entrepreneur who was born into the ice cream business. His mother and grandmother were ice cream entrepreneurs who owned their own businesses.
Tim, on the other hand, was not always interested in running an ice cream shop.
Before opting to follow in his family’s footsteps, he worked in the publishing industry.
Unfortunately, that particular area of work began to diminish, and Tim found himself in desperate need of a new source of money to support himself.
That’s when inspiration struck, and he realized it would be a good idea to follow in his family’s footsteps.
Tim wants to open his own mobile ice cream business since he grew up on ice cream.
After deciding on the name Captain Ice Cream, he purchased a van and a scooter to start his business.
What happened to Captain Ice Cream During the Shark Tank?
Tim entered the tank season 1 episode 13 hoping to get $48,000 for a 25% stake in Captain Ice Cream. This works out to a $192,000 valuation.
He practically rode into the tank on his motorbike. He immediately notifies the sharks that he plans to franchise his company. He admits that he owns the trademark “Captain Ice Cream.”
It is also alleged that he makes only $200 each day for a four-hour shift. He claimed he’ll use the money to build a few more mopeds.
Kevin O’Leary asks Tim about the average cost of creating one of the Captain Ice Cream mopeds, which turns out to be around $7,000.
He then inquires about general sales, only to be disappointed by the replies. Tim makes about $200 every four hours or so on average.
Then Robert Herjavec inquires as to how much money he earns. Tim claims to generate a profit of $25 per hour on average.
Kevin O’Leary, on the other side, sees no investment opportunity and feels that anyone can establish this company. He’s no longer there.
Daymond John adores his job, but he is leaving.
According to Robert Herjavec, Tim still has a long way to go before Captain Ice Cream becomes profitable. He’s no longer there.
Kevin Harrington believes he’s out since no franchise company exists.
Barbara would happily have paid him for ice cream, but he was too early and unprepared. She’s gone. Tim leaves Shark Tank without investing in Captain Ice Cream.
What Happened to Captain Ice Cream Following the Shark Tank Pitch?
Since its appearance on Shark Tank, Captain Ice Cream has been pushing franchise prospects for the mobile ice cream firm, and as of mid-2014, they were offering franchises that included the Moped.
They also had Moped and Custom Ford Transit Connect automobile franchises.
The Complete Kit minus the van cost $12,495 and included The Moped, 1 Umbrella, 1 Uniform, 500 Business Cards, and a $2495 license fee for one year.
Everything in the prior kit was included in the whole package, along with a customized 2010 Ford Transit Connect.
To get started, you’ll need $44,495 in cash. Please keep in mind that these costs do not include delivery, extra options, licensing, health department inspection fees, state sales tax, or municipal business permissions.
Despite the fact that the franchise was advertised as being available (as of June 2014), the Captain Ice Cream Website is no longer active, and no more information is available.
Captain Ice Cream is no longer in business.
What was Net Worth of Captain Ice Cream?
Tim entered the tank season 1 episode 13 hoping to get $48,000 for a 25% stake in Captain Ice Cream. This works out to a $192,000 valuation.
Who are the Competitors of Captain Ice Cream?
Captain Ice Cream does not have a competition.
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Captain Ice Cream FAQS
1. What was the Name of the founder of Captain Ice Cream?
The founder of Captain Ice Cream is Tim Gavern.
2. Where was Captain Ice Cream located?
Captain Ice Cream was based in Monrovia, California.
3. How much was Tim Gavern seeking in the Tank?
Tim entered the tank season 1 episode 13 hoping to get $48,000 for a 25% stake in Captain Ice Cream. This works out to a $192,000 valuation.
4. How much did Captain Ice Cream received in the Tank?
Tim leaves Shark Tank without investment in Captain Ice Cream from the Sharks.
5. How much money was it cost to franchise Captain Ice Cream?
The Complete Kit minus the van cost $12,495 and included The Moped, 1 Umbrella, 1 Uniform, 500 Business Cards, and a $2495 license fee for one year.
6. How Tim Gavern did came up with the idea?
Tim Gavern, is an entrepreneur who was born into the ice cream business. His mother and grandmother were ice cream entrepreneurs who owned their own businesses.
That’s when inspiration struck, and he realized it would be a good idea to follow in his family’s footsteps.
Tim wants to open his own mobile ice cream business since he grew up on ice cream.
After deciding on the name Captain Ice Cream, he purchased a van and a scooter to start his business.
7. How much was he making per week?
Tim says he usually makes $25 per hour in profit on average.
8. When was Captain Ice Cream featured on Shark Tank?
Captain Ice Cream aired on Shark Tank on January 29th, 2010.
9. What was Captain Ice Creams website address?
The website for Captain Ice Cream has been shut down.
10. What happened to Captain ice cream after Shark Tank?
Captain Ice Cream has been promoting franchise opportunities for the mobile ice cream company since its appearance on Shark Tank, and as of mid-2014, they were offering franchises that included the Moped.
