Entrepreneurs Holly Heath, and Billie Cavallaro, pitched their shake company during
If you’re short on time, here’s a quick overview of what happened to Cave Shake after
Holly Heath and Billie Cavallaro appeared on
|Accepted deal for $250,000 for 20% equity
Shark Tank Cave Shake Update
- Entrepreneurs: Holly Heath and Billie Cavallaro
- Business: Healthy diet vegan shakes
- Ask: $250,000 for 10% equity
- Result: $250,000 for 20% equity
- Sharks: Charles Barkley
Founders of Cave Shake, Holly Heath, and Billie Cavallaro, brought their healthy diet vegan shakes to
They’re dairy free, gluten free, low carb, keto, and paleo. Additionally, they come ready to drink, so they’re perfect for on the go.
Further, a Cave Shake is great for a pre or post workout drink. The sharks want to know about calories, but when they learn that there are 450 calories per shake, they become a bit concerned.
However, Billie points out that they are intended for the Keto diet, which focuses on high fat intake. Holly adds that you shouldn’t really be concerned with calorie intake anyways.
The founders eventually pass out samples to the sharks and everyone seems to like them except for Robert Herjavec. In fact, he says they taste terrible.
Billie responds that it could be the stevia sweetener that he doesn’t like, and that 1 out of a hundred people don’t prefer it.
After talking a little bit about the nutritional facts of their Cave Shake beverage, Holly and Billie started talking a little bit about their sales and manufacturing costs. They revealed that they currently have a price point of $7.99 in the Southern California stores that they currently sell in, while only having an average cost of production of just under $2 per unit.
Net sales were just above $270,000 in 2017 and were expected to double in 2017 to around $450,000. The biggest problem started when they revealed to the sharks that an incubator had equity in their business.
This raised a whole lot of problems with Kevin O’Leary, specifically because he claimed that there was no way to invest in Cave Shake given their current situation with the incubator. He decided to drop out and not make an offer to them.
Robert Herjavec also dropped out, because he didn’t like the taste of the beverage.
Mark Cuban likes the project, but he thinks it will take too much work on his end. He eventually drops out.
Lori Greiner doesn’t like how many calories are in each shake, so for that reason she drops out.
However, Charles Barkley remained in, and made an offer of $250,000 for 20% equity. Holly and Billie decided to accept the offer from Charles, after taking a few moments to think about it.
Do you think they managed to succeed following
Now for that Cave Shake update that we promised you. It turns out that the company was eventually rebranded into Space Shake.
In terms of where to find it, the Space Shake has a lengthy list of health food stores that currently carry their products. These retail stores include Bristol Farms and Whole Foods Market.
A variety of the shakes are also available on Amazon. If you try the product and happen to like it, check out the affiliate program on their website.
If we learn anything new about Space Shake, we will certainly let you know. In the meantime, you can check out our other company updates from Season 10 Episode 4 by following the links below!
For even more on companies and products, be sure to stop by our Season 10 products page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!