What Happened to Ice Chips Xylitol Candy After the Shark Tank Pitch?
What is Ice Chips Xylitol Candy?
Ice Chips is a sugar-free snack made with Birchwood Xylitol, a natural sweetener found in fruits and vegetables as well as the human body.
Dentists may recommend xylitol because it may repair damaged enamel. Another intriguing feature of xylitol is that it kills germs and bacteria while leaving your breath fresh.
Diabetics can enjoy this sugar-free candy as well. While it appears to have some benefits for humans, xylitol is poisonous and can be lethal to dogs.
Who are the Founders of Ice Chips Xylitol Candy?
Beverly Vines-Haines and Charlotte Clary invented Ice Chips Xylitol Candy.
When the two grandmothers met as parents in 1986, they learned they had a similar business spirit.
Beverly is a long-time romance author who also ghostwrites for celebrities; she has seven children and twenty-three grandkids.
Charlotte spent much of her childhood raising her four children while dabbling in different small business ventures on the side; she has 15 grandkids.
The couple’s first profitable business endeavour was a line of products for treating difficult skin disorders.
When the grannies in the garage came up with the idea for xylitol candy in 2009, they struck gold, and Ice Chips was born.
They sought a sugar-free, diabetic-friendly candy; they desired something that their grandkids might enjoy.
Despite their lack of candy-making skills, they began producing ice chips, and customers demanded more.
They began with a few dozen merchants offering Ice Chips; they hired “the greatest salesperson,” and he developed them from 24 to over 1,000 accounts.
What happened to Ice Chips Xylitol Candy at the Shark Tank Pitch?
Bev and Charlotte went on Shark Tank season 4 episode 9 in pursuit of a $250,000 investment in exchange for a 15% ownership in their firm. This works out to a $1,666,666.66 valuation.
As any good food entrepreneur would, they had samples of all 17 of their flavours.
The Sharks and the Grannies both loved the product! Bev and Charlotte stated that they had no clue they’d be transporting Ice Chips all over the world at this stage in their lives, but they were overjoyed.
They’re widely available at health food stores, and dentists prescribe them since they’re healthy for your teeth.
They sold around $325K through wholesale channels and online in 2012, and they plan to sell $1 million by the end of the year.
Barbara like the candy and pays $125,000 for a 33% ownership in the firm, pledging to distribute Ice Chips to over 3,000 big-box retailers.
Mr. Wonderful wants to collaborate with Barbara, but she does not want Kevin to be a part of it.
Barbara explores a partnership with Mark, and they offer $250K for a 40% ownership.
Daymond enters the bidding war, offering $250K for 35% of the candy and promising to find a producer.
Mr. Wonderful contacts Daymond about creating a partnership, but Daymond rejects and decreases Mr. Wonderful’s offer to 25%. After viewing all of the bids, Robert departs.
Beverly and Charlotte weigh the bids and decide that Mark and Barbara are the best fit, so they accept their offer of $250K for 40% ownership of the firm.
What Happened to Ice Chips Xylitol Candy After the Shark Tank Pitch?
They sold $300,000 worth of Ice Chips as a consequence of their Shark Tank appearance.
The deal with Mark and Barbara was never completed, but Bev and Charlotte were unconcerned since they had discovered gold.
They did so well following the presentation that they were able to purchase some specialist candy-making equipment, which will allow them to significantly reduce production time.
The number of wholesale clients has more than doubled, and sales are expanding.
Their success on Shark Tank was so noteworthy that they were included in an update piece in episode 424, the season 4 finale.
In the update sector, they showcase their new manufacturing capabilities. Fast forward to November 2021, and they’re still in business, with a yearly revenue of $5 million.
What is the Net Worth of Ice Chips Xylitol Candy?
Bev and Charlotte went on Shark Tank season 4 episode 9 in pursuit of a $250,000 investment in exchange for a 15% ownership in their firm. This works out to a $1,666,666.66 valuation.
They accepted an offer of $250,000 from Mark and Barbara for a 40% ownership in the company, bringing valuation to be $625,000.
Who are the Competitors of Xylitol Ice Chips Candy?
uCoffee, Bocca, and Zweifel are Ice Chips Candy’s primary competitors.
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Ice Chips Xylitol Candy FAQS
What is Xylitol?
Xylitol is a naturally occurring sugar alcohol found in plants, including a variety of fruits and vegetables. It tastes sweet and is frequently used as a sugar replacement.
What is Ice Chips Xylitol Candy?
Ice Chips Xylitol Candy is a sugar-free snack made with Birchwood Xylitol, a natural sweetener found in fruits and vegetables as well as the human body.
What flavours of Ice Chips Xylitol Candy are available?
There are 17 different flavours, including both berry and citrus options. Peach is the most popular flavour, followed by Pomegranate Raspberry.
Who is the founder of Ice Chips Xylitol Candy?
Beverly Vines-Haines and Charlotte Clary invented Ice Chips Xylitol Candy.
What are the benefits of Ice Chips Xylitol Candy?
Ice Chips Xylitol Candy is the only sugar-free candy that won’t make your breath smell like smoke. The xylitol in it is helpful for diabetics, and it has a unique flavour.
How much was Beverly Vines-Haines and Charlotte Clary seeking in the Tank?
In season 4 episode 9, Bev and Charlotte were seeking $250K for 15% equity in their company, which would have valued them at $1.66 million.
Who did Ice Chips Xylitol Candy get money from on Shark Tank?
Bev and Charlotte made a deal with Mark Cuban and Barbara Corcoran, who offered them $250,000 for a 40% equity stake, valuing the business at $1.66 million, which lowers valuation to be $625,000.
What happened to Ice Chips Xylitol Candy after the Shark Tank?
They did so well following the presentation that they were able to purchase some specialist candy-making equipment, which will allow them to significantly reduce production time.
The number of wholesale clients has more than doubled, and sales are expanding.
What happened to Mark Cuban and Barbara Corcoran and Ice Chips Xylitol Candy’s deal?
The deal fell through, they were unable to complete their terms.
Is Ice Chips Xylitol Candy still in business?
Yes, Ice Chips Xylitol Candy is still in business as of November 2021 with a yearly revenue of $5 million.
When was Ice Chips Candy aired on Shark Tank?
Ice Chips Candy aired on November, 9th 2012.
Where is Ice Chips Candy located?
Ice Chips Candy, based in Tumwater, and sells its products through independent retailers, small chains, and direct-to-consumer sales.
When was Ice Chips Candy founded?
Ice Chips Candy was founded in 2009 by Bev Vines-Haines.
