Coconut Girl Ice Cream Sandwiches Update | Shark Tank Season 11
Paleo-friendly treats are extremely popular right now. Entrepreneur Francheska Yamsuan’s Coconut Girl ice cream sandwiches are delicious and fit right into the Paleo diet. What else could the sharks want? Find out if they savor this tasty treat in our
Shark Tank Coconut Girl Update
- Entrepreneur: Francheska Yamsuan
- Business: Dairy-free ice cream sandwiches
- Ask: $180,000 for 18% equity
- Result: $180,000 for 20% equity
- Shark: Mark Cuban
Francheska Yamsuam wanted a healthier alternative to ice cream. Coconut Girl started with a date smoothie in her kitchen, which soon turned into a date milkshake. She used to make paleo-friendly date ice cream for friends and coworkers. The idea for Coconut Girl’s ‘nice cream sandwiches’ came from watching her first customers make their own.
Coconut Girl ice cream sandwiches are gluten-free and paleo-friendly. The cookie part of the ice cream sandwich is made of almond flour and almond butter. The ice cream is made with ingredients like coconut milk, dates, and maple syrup. The sharks are in awe of how delicious these sandwiches taste.
The episode was filmed during her third year in business, and they were projected to do only about $300,000 in sales by the end of the year. Not bad for a small brand, though! Based on how quickly the sharks jump on this deal, they don’t mind that the numbers aren’t mindblowing.
Mark Cuban starts out with an offer: $180,000 for 25% equity. He wants them to accept right away, or he’ll take his deal off the table. Lori Greiner wants to make an offer as well, but Mark immediately pulls his offer when the entrepreneur wants to hear her out.
However, Lori never gets to make her offer before Mark comes back in, ready to give the entrepreneur another chance–he really wants this deal. Francheska asks him to lower the equity. While Mark is thinking, Kevin O’Leary offers the same amount for a 20% stake. The next moment, Mark matches it and Francheska accepts his aggressive offer.
Was this a smart move for Mark Cuban? Find out in our
Today, Coconut Girl looks like a great deal for all parties involved. The company was already in a few Whole Foods Stores, but working with Mark has enabled them to be in more stores nationwide. You can also find Coconut Girl ice cream sandwiches in Good Earth Natural Foods and Bristol Foods, among others.
While researching for our Coconut Girl update, we found that reported revenue seems to be $1 million annually. That’s quite a jump! True to the entrepreneur’s vision, Coconut Girl is not sold online and can only be purchased wholesale or through the stores mentioned above.
You can find the other company updates from Season 11 Episode 14 here:
Don’t forget to take a look at our Season 11 products page! We’ve got more company updates from