What Happened to Mavens Creamery After Shark Tank?
What is Mavens Creamery?
Mavens Creamery makes handcrafted ice cream sandwiches topped with macarons, a French almond cookie. Maven’s Creamery was founded in 2014 by two sisters of Vietnamese descent from California, CEO Gwen Nguyen and COO Christine Nguyen.
They’ve added a unique touch by combining a variety of high-quality ice cream and cheesecake flavors to create a delightful dessert. In addition, they manufacture their own frozen ice cream macarons sandwiches.
Each of their 30+ variants is made with natural ingredients and has no artificial sweeteners, flavors, preservatives, or other potentially harmful additives.
Each new flavor they offer is subjected to a thorough R&D procedure to assure its excellent quality. They make certain that everyone smiles!
Who is the founder of Mavens Creamery?
Maven’s Creamery was founded in 2014 by two sisters of Vietnamese descent from California, CEO Gwen Nguyen, and COO Christine Nguyen.
Neither admits to having prior culinary experience or formal training. The internet provided the majority of their ideas for new dessert designs and how to prepare them.
Despite having no culinary background, they mastered their ice cream sandwiches and made their debut at a local dessert shop.
That day, they sold 400 sandwiches and thought they were onto something. They moved to a commercial kitchen in 2015, and things have only gotten better since then.
They sell 16 packs of Mavens Creamery items for $100 on their website, which works out to $6.25 a pack.
In California (or Carson City, Nevada), ice cream sandwiches can be purchased from one of over 300 individual shops or Safeway supermarkets.
What Happened to Mavens Creamery’s Shark Tank Pitch?
In episode 20 of season 10 of Mavens Creamery on Shark Tank, Gwen and Christine chose to showcase their product to Shark Tank investors in order to help them expand nationally.
Gwen and Christine entered the Shark Tank presentation hoping to receive $400,000 in return for a 10% ownership in their firm worth $4 million.
The Sharks apparently like the product since they provide samples and talk about the firm. The ladies explain that they are having problems keeping up with demand since they are so successful.
They want to invest to expand and automate manufacturing, as well as to fund purchase orders.
The Sharks like the ice cream sandwiches, but not the poor margins or the excessive valuation.
As the Sharks express their worries, Barbara enters the battle with a $400,000 offer for 33.3% ($200,000 cash and a $200,000 credit line). She vows to provide extra funds if necessary.
After much deliberation, the sisters reply with $400,000 for a 25% interest. Barbara accepts, and they walk away from the pitch with a deal.
What Happened to Mavens Creamery After it appeared on Shark Tank?
The deal with Barbara never concluded after the show aired, despite the fact that the two sisters left the pitch with a deal.
Since its first launch in April 2019, they’ve expanded retail distribution to Colorado, Kroger’s Markets in the Midwest, Whole Foods in the Northeast, and a variety of other market chains like King Soopers, Vons, and Pavilions.
They continue to distribute through Safeway in California and Nevada. They appear to be keeping up with production! They intend to attain international distribution through a franchise model by 2023.
By December 2021, they intend to add more Whole Foods outlets in the Southeast United States and California.
In California, they are also available at Albertsons. They don’t appear to be available at Kroger’s right now. The yearly revenue of the corporation is $3 million.
Mavens Creamery’s Net Worth
During the pitch, the firm was valued at $4 million; since then, the company has been selling its product, with annual revenue of $3 million in 2021.
Mavens Creamery FAQs
1Who manufactures the ice cream sandwiches?
The company manufactures its own ice cream sandwiches in a commercial kitchen. They’ve designed a refrigerator with an internal dairy churning system that makes the product from scratch in precisely 12 minutes.
Each of the 30+ flavors that Mavens Creamery offers is made with natural ingredients and has no artificial sweeteners, flavors, preservatives, or other potentially harmful additives.
What is the price of an ice cream sandwich?
Each of the 30+ Mavens Creamery variants (candy, ice cream, and cheesecake) is $6.25 a pack in California and Nevada.
Where can I make a purchase online?
They’ve set up an online store on their website. Their store is also on Amazon and other platforms. They are also available through their eBay store!
Does Mavens Creamery offer discounts for large purchases?
The company offers a discount for bulk purchases of 16 or more packs (for $100).
Does the company offer free shipping?
The company doesn’t offer free shipping, but they do offer standard shipping for $7.95 and overnight shipping for $17.93!
Where are they available?
They are available around the world through e-commerce and specialty stores. Their official website has a global map that lists their presence by country!
Are Mavens Creamery products preservative free?
Yes. The ice cream is made with natural ingredients and has no artificial sweeteners, flavors, or preservatives. It’s handcrafted!
Are they kosher?
Yes, they are! They have a kosher certificate and are certified by the Orthodox Union, Star-K, and Vaad Kashrut.
Are Maven Creamery products gluten-free?
The ice cream filling has no gluten. It is handcrafted! It also contains no artificial preservatives or artificial flavors.
Is Maven Creamery products GMO-free?
The ice cream filling contains no genetically modified organisms.
Does Mavens Creamery sell organic products?
The products are certified organic by the USDA National Organic Standards Program! They also use sustainable practices to reduce environmental impact!
How many flavors are there in Mavens Creamery?
Each of their 30+ flavors is handmade and contains natural ingredients. They are also gluten-free.
Where is Mavens Creamery based?
They’re based in Carson City, Nevada. More specifically, they’re based in a commercial kitchen in the Blue Moon Bakeshop.
What is the company’s revenue?
Their annual revenue is $3 million.
How do I make payment to Mavens Creamery?
Customers can make a payment using a credit card, PayPal, cash in person, or wiring funds to their bank account.