What Are Ice Chips Candy?
Ice Chips Candy is a sugar-free treat made with Birchwood Xylitol, a natural sweetener found in fruit and vegetable fiber and even in our bodies. Xylitol has several health advantages over other sweeteners.
|Company Name||Ice Chips Candy|
|Entrepreneur||Charlotte Clay and Beverly Vines-Haines|
|Product||Sugar-free, Xylitol-sweetened candy|
|Investment Asking For||$250,000 For 15% equity in Ice Chips Candy|
|Final Deal||$125,000 For 40% equity in Ice Chips Candy|
|Shark||Barbara Corcoran and Mark Cuban|
|Episode||Season 4 Episode 9|
|Business Status||In Business|
Who Is The Founder Of Ice Chips Candy?
Recently, Beverly Vines-Haines and Charlotte Clay co-founded the sugar-free candy brand Ice Chips Candy, featured on Shark Tank.
The candy is made with Xylitol, a sugar alcohol used as a sweetener and may, according to some, reduce cavities by reducing sugar consumption.
Ice Chips Candy Before Shark Tank
Hollywood writer Beverly Vines-Haines co-founded Ice Chips Candy, and the pair of entrepreneurs co-founded a company that sells all-natural body products.
The company’s focus shifted to Xylitol candy after a few years. The company purchased its shop structure and hired some employees.
Beverly and Charlotte did not know that their daughter-in-law applied to The Shark Tank.
Their confectionery idea was contacted for an audition, but would the Sharks be interested?
How Was The Shark Tank Pitch Of Ice Chips Candy?
Bev and Charlotte pitched Ice Chips Candy on Shark Tank, requesting an investment of $250k in exchange for a 15% stake in Ice Chips Candy.
Beverly and Charlotte analyzed the bids and chose Mark and Barbara as the best candidates, taking their $250,000 offer for a 40% stake in Ice Chips Candy.
Final Deal: Mark Cuban And Barbara Corcoran agreed to invest $125,000 for 40% equity in Ice Chips Candy.
What Happened To Ice Chips Candy After Shark Tank?
Ice Chips Candy reported a significant increase in business following the airing of their episode.
They received approximately 1500 orders that night and 1,000 new wholesale accounts.
Shark Tank’s total investment was $300,000. This was accomplished without any help from the Sharks or their money.
Even though Mark and Barbara’s contract fell through, Beverly and Charlotte grew their firm to a self-sustaining level.
The grannies expanded their facilities and automated their manufacturing in 2015.
They have teamed up with Disney and Pixar to release Finding Dory-themed Ice Chips Candy.
Two Grannies in a Garage: How Resilient Perseverance Triumphed Over Scrapbooking is a book written by one of the grannies.
Ice Chips Candy Shark Tank Update
The sales of Ice Chips Candy skyrocketed after its appearance on Shark Tank.
The founders of Ice Chips Candy reported that they sold more than $300,000 worth of Ice Chips Candy after its appearance on Shark Tank.
Although the deal between Ice Chips Candy with Barbara and Mark did not go through following their presentation, the company’s income increased to six million dollars.
Ice Chips Candy continues to expand, and you can purchase them on Amazon.
As of 2022, Ice Chips Candy is still in business, generating $5 million in revenue each year.
Is Ice Chips Candy Still In Business?
Yes, Ice Chips Candy is still in business as of 2022, with annual revenue of $5 million.
Even though Ice Chips Candy’s $125,000 for 33% contract with Barbara Corcoran and Mark Cuban fell through following the Shark Tank episode’s airing, the two grannies persevere.
They are still offering Ice Chips Candy on Amazon, and they are available in single tins, 3-packs, and 6-packs. And Beverly has established herself as a novelist.
What Is the Net Worth Of Ice Chips Candy?
The valuation of Ice Chips Candy was $1.66 million when it appeared on Shark Tank. The net worth of Ice Chips Candy is $5 million as of 2022.