What Happened to Frozen Farmer after Shark Tank?
What precisely is Frozen Farmer?
Frozen Farmer is a specialty restaurant or retail company that provides a great option for health-conscious ice cream lovers since all of the ingredients are 100 percent fresh and do not contain any artificial additives or sweeteners.
Frozen Farmer was started by Katey Evans and her family, and they are proud to be a recognized Women Owned Small Business with a license from the Women’s Business Enterprise National Council.
Their company was inspired by their family farm, where they continue to grow seeds that will unite them all in the fight against waste.
Katey Evans’ ambition started as a way to reduce food waste by utilizing mismatched veggies.
They manufacture scrumptious, luscious frozen delights using traditions from their third generation family farm. They are also committed to creating a sustainable food system.
Who is the originator of Frozen Farmer?
Katey Evans and her family started Frozen Farmer in 2015, and they are happy to be a Women Owned Small Business with a license from the Women’s Business Enterprise National Council.
Frozen Farmer is a healthy firm that provides a wide range of goods for all occasions, so why not test their frozen delicacies at their favorite restaurant or restaurant chains?
Their ingredients are fresh and organic, so there are no preservatives or artificial additives, allowing you to enjoy their delectable goods without worrying about your health.
According to her, 20% of all food cultivated on the farm is never sold for solely aesthetic reasons. To enhance their bottom line, they began converting that 20% of fruit into very quality ice cream and sorbet.
Strawberry-Rhubarb-Calamansi Frozen Yogurt, Banana, Peanut Butter Frozen Yogurt, Strawberry-Blueberry Frozen Yogurt, Mango Frozen Dessert, Assorted Fruit Frozen Desserts, and Assorted Fruit Iced Tea are among the seven flavors available from Frozen Farmer.
The Evans claim to be both farmers and chefs because they own both the farm and the ice cream business, which uses ingredients farmed on the family farm.
Katey sells Frozen Farmer products from a roadside stand on their farm in Bridgeville, Delaware, as well as through their website and mobile ice cream truck.
They’re also sold in around 200 local grocery shops and a dozen or so restaurants.
Katey’s mother also works for the firm. The open kitchen concept, which allows guests to observe Katey and her crew convert farm-grown produce into Frozen Farmer ice cream, is one of the business’s charms.
Customers have been urging the Evans to audition for Shark Tank since the day they opened their doors.
What happened to Frozen Farmer’s proposal on Shark Tank?
Katey Evans seeks a Shark’s aid in locating a co-packer, which will allow her to sell nationwide, after developing the Frozen Farmer product and marketing it to Shark Tank investors in order to build her firm.
Katey enters the presentation asking for $125,000 in exchange for a 20% ownership in her firm, which is worth $625,000.
She tells the story and offers the Sharks some samples.
She claims to have items in 70 Delaware stores and $300,000 in sales in 2019. She claims that Delaware grocery stores account for 15% of her business, with the remainder coming from wholesale and farm stand sales.
Mark, Robert, Daymond, and Kevin all comment how much they appreciate the ice cream, but they feel her success in the neighborhood is owed in part to her family’s reputation.
They are also concerned about the brand’s capacity to grow beyond its current scope.
Lori and Bethenny are the only remaining Sharks on the field, but Katey has persuaded Lori to make an offer. Lori likes the products but not the packaging or marketing strategy.
She then offers to help Katey since she believes in her.
Then she makes an offer of $125,000 for 30% ownership of the company at a price of $416,667, which Katey instantly accepts, and the deal and exited the pitch with a deal.
What happened to Frozen Farmer after she appeared on Shark Tank?
Following the pitch, the company signed Lori to a contract, and in the six months between filming and transmission, the company capitalized on its partnership with Giant Food Stores.
Their farm presently feeds the stores with veggies, and the company now offers ice cream at all 169 of its sites in Pennsylvania, Maryland, Virginia, West Virginia, and Washington, D.C.
The company has already begun selling directly to customers online and is expanding production for nationwide distribution.
The company’s annual revenue in 2021 is expected to be $1 million.
The company launched Frobet, a frozen yogurt and sorbet combination, and it is currently available in 4300 Walmart locations.
The company is also accessible at Stop & Shop and every Kroger store. Prior to appearing on Shark Tank, the company had revenue of roughly $300,000 per year.
Currently, the company makes more than $1 million each year and has committed purchase orders of $15 million. This transaction proceeded successfully, and the company is growing on its own.
Frozen Farmer’s competitors
Ruth’s Chris Steak House, Dairy Queen, El Pollo Loco, Oberto’s Sandwich Shop, Frozen Pizzeria & Gourmet Pizza Company, Auntie Anne’s Pretzels, and Mojo Fresh Foods compete with Frozen Farmer.
Frozen Farmer’s net worth
During the pitch, the firm was valued at $625,000, and following Lori’s investment, the company was valued at $416,667. Additionally, the company has completed multiple sales, which has caused the company valuation to climb in 2021.
Frozen Farmer FAQs
What is the firm’s name?
Frozen Farmer, which is a Delaware company, was established in 2015.
What is the company’s revenue?
The company generates $1 million in revenue every year.
What are their products?
They offer frozen yogurt and fruit sorbet products.
How does the firm operate?
The firm’s ice cream is made from fresh fruit and vegetables cultivated on a family farm that’s been in Katey Evans’ family for generations in Bridgeville, Delaware.
Who is the founder?
Katey Evans, the founder and CEO, is an author, farmer, chef, and mother of two.
What is their business model?
They have a franchise and sell their products at stores and restaurants, online, and through a mobile truck.
What are the ingredients uses in Frozen Farmer?
Their frozen yogurt and sorbet products are made from fresh fruit and vegetables cultivated on their family farm.
Is Frozen Farmer gluten-free?
Yes, all of their products are free of gluten.
Is Frozen Farmer kosher-free?
Yes, all of their products are kosher.
How many employees does Frozen Farmer have?
They have 26 employees.
Where is Frozen Farmer located?
They’re headquartered in Bridgeville, Delaware. Additionally, they have a farm where they grow fresh produce, and they ship their products nationwide via truck.
How do you buy the products?
Customer can purchase the products at Walmart, Giant Food Stores, Kroger, and Stop & Shop. They also have seven different flavors on their website.
Is Frozen Farmer safe?
They offer safe products, which have no preservatives or artificial sweeteners.
Is Frozen Farmer healthy?
All of their products are healthy for consumers because they are made with fresh, natural ingredients.
Is Frozen Farmer Fair Trade Certified?
Yes, the company is fair trade certified.
Are they a franchise business?
No, they’re not a franchise business. They sell and deliver to all different types of retail locations nationwide and do not franchise out their business model to others.