What happened to Dollop Gourmet After the Shark Tank Pitch?
What is Dollop Gourmet?
Dollop Gourmet is an all-natural, gluten-free, dairy-free frosting created in the United States.
Hot Chocolate, Madagascar Vanilla, Peanut Butter Cookie Dough, and Sea Salted Caramel are the four flavours available.
It’s decadent and tasty, but best of all, it’s far healthier than the sugar-laden fake stuff that’s slathered over most desserts.
Dollop has eliminated the trash from frosting and uses half the sugar of traditional brands.
Each comes in a 12 oz. jar and costs less than $8.
Who is the Founder of Dollop Gourmet?
Heather Saffer is the owner of Dollop Gourmet.
Saffer, who has a psychology degree from The College at Brockport in Clarkson, New York, has always been a fan of sweets and cupcakes.
As a youngster, she began experimenting with frosting after one of her mother’s co-workers brought her some for the cookies she loved to bake (and burn) on a regular basis.
She devised frosting recipes that were less calorie than the typical butter and sugar variants after battling with eating problems.
Despite the fact that she had lost her life savings of $20,000, she chose to create a new bakery.
Heather borrowed $4,000 from her parents, which helped her bakery succeed.
Following an unsuccessful effort to capitalize on the cupcake trend with a cupcake catering firm in 2008, she founded Dollop Gourmet Cupcake Creations in Rochester, NY and set her eyes on Cupcake Wars.
Her success there eventually led to her shutting the business and concentrating on Dollop Gourmet.
By 2015, she had her goods in three Whole Foods Market areas.
What Happened to Dollop Gourmet at the Shark Tank Pitch?
Heather Saffer appeared on Shark Tank Season 7 Episode 27 in search of a $75,000 investment in exchange for a 20% stake in her firm. This equates to a $375,000 valuation.
She gives out frosting samples and cupcakes with a variety of her tastes.
Mark Cuban describes himself as a “frosting freak.” The tastes, Vanilla, Peanut Butter Cookie Dough, Sea Salted Caramel, and Hot Chocolate, have pleased the Sharks.
Kevin O’Leary goes right to work. He’s curious in how Dollop Gourmet’s frostings are sold.
The frosting line was introduced in all 85 Wegmans locations and 215 Meijer shops.
In the following months, she intends to expand into Whole Foods and other retail sites.
Heather tells the tale of her first bakery, which failed, and her second, which thrived and led to her Cupcake Wars victory.
Lori Greiner mentioned that she recognizes her from the program. Since November, sales have totalled $170,000, with a predicted total of $200,000 for the year.
She’s generating a nice profit with a 40% margin, yet the product retails for $6.99.
The retail price might be a problem for the Sharks.
The Sharks are prepared to make a decision. Robert Herjavec is one of the few persons on the planet that “hates icing.”
He has no enthusiasm for the product, so he goes out and defers to his sweet-toothed pals.
Dollop Gourmet, according to Kevin O’Leary, might be a fantastic match for his Wicked Good Cupcakes business.
He emphasizes that he already has the infrastructure in place to assist develop the brand. He’s prepared to pay $75,000 in exchange for 33 1/3 percent.
Barbara reminds out that he is expecting her to accept a third partner blindly.
Barbara makes an offer that includes Lori Greiner. She’d want to give $75,000 for 30% ownership, citing her interest in and success with Daisy Cakes.
Lori, on the other hand, isn’t keen on joining Barbara. She doesn’t think it’s a QVC item.
Mark Cuban claims that if he sold Dollop Gourmet, he would get obese. He leaves.
Barbara is prepared to give the same arrangement in the absence of Lori. She and Kevin began sparring in order to win the transaction.
Heather inquires if Barbara is willing to accept 25% stock. Barbara agrees, and the two hug, and Heather expresses her desire for Barbara.
Barbara turned around and informed Kevin he was a jerk. As she went offstage, the other Sharks congratulated her.
What happened to Dollop Gourmet After the Shark Tank Pitch?
The agreement with Barbara never materialized, but the famous Shark Tank effect propelled Dollop Gourmet far over its estimated revenues for the year.
With her early success, it’s possible that the firm will reach acquisition size within 3-4 years.
Her goods are available at Wegmans, HEB, Meijer, Whole Foods, Metropolitan Market, Town & Country Markets, De Cicco Family Markets, and Nooch Vegan Market, as well as her website, Amazon, and other online retailers.
The firm was bought by worldwide frosting producer Mimac, a Canadian company, in June 2019.
Heather and Donald, a pet-inspired apparel company, will launch in April 2021. Her cookbook is still available for purchase on Amazon.
What is the Net worth of Dollop Gourmet?
Heather Saffer appeared on Shark Tank Season 7 Episode 27 in search of a $75,000 investment in exchange for a 20% stake in her firm. This equates to a $375,000 valuation.
On accepting an offer from Barbara of $75,000 for 25% stake which valuation to be $300,000.
Dollop Gourmet Competitors
There are no competitors identified for Dollop Gourmet.
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Dollop Gourmet FAQS
1. What are the some of the flavours of Dollop Gourmet?
There are currently eight flavours available, including Vanilla, Chocolate, Peanut Butter Cookie Dough, Sea Salted Caramel, Hot Chocolate, Strawberry Jam and Raspberry.
2. Where can they get Dollop Gourmet?
Dollop Gourmet available at Wegmans, HEB, Meijer, Whole Foods, Metropolitan Market, Town & Country Markets, De Cicco Family Markets, and Nooch Vegan Market, as well as her website, Amazon, and other online retailers.
3. What are the ingredients in Dollop Gourmet?
All the products are made from natural and fresh ingredients.
4. Who founded Dollop Gourmet?
Heather Saffer founded Dollop Gourmet in 2011.
5. How much was Heather Saffer seeking in the Tank?
Heather Saffer was seeking $75,000 for 20% stake in her business.
6. How much was offered by Sharks?
Barbara was offering $75,000 for 25% stake which valuation to be $300,000.
7. What happened after the Tank?
The deal with Barbara never materialized, but the famous Shark Tank Effect propelled Dollop Gourmet far over its estimated revenues for the year.
8. Who acquired Dollop Gourmet?
The firm was bought by worldwide frosting producer Mimac a Canadian company, in June 2019.
9. Who are some of the other well-known products from Dollop Gourmet?
Dollop Gourmet Frosting is available at Wegmans, HEB, Meijer, Whole Foods, Metropolitan Market, Town & Country Markets, De Cicco Family Markets and Nooch Vegan Market.
10. How much does Dollop Gourmet cost?
Different flavours cost, $8.99 for 12 oz jar.
11. When was Dollop Gourmet featured on Shark Tank?
Heather Saffer appeared on Shark Tank Season 7 Episode 27 on May 6th, 2016.
