Sap Update | Shark Tank Season 9
Sap was featured on
Shark Tank Sap Update
- Entrepreneurs: Nikita Salmon and Chas Smith
- Business: Healthy Sap Beverages
- Ask: $600,000 for 12% equity
- Result: No deal
- Sharks: None
According to Nikita and Chas, the ultimate vision for Sap is to build one of the healthiest beverage companies with sap as a core ingredient. Making that vision a reality would probably require the help of a shark, but they were struggling to figure out how they could risk such a large amount of money for so little equity.
- Refreshing beverage naturally low in calories, gluten-free, dairy-free, vegan and non-GMO
- Sap! uses pure maple sap that is sourced, grown and produced in Vermont
- Each can contains 46 naturally occurring vitamins, minerals, polyphenols, antioxidants and prebiotics
Sap has three primary flavors and sells an individual canned beverage for about $1.99. Customers can also opt to buy a 4-pack for around $8.
It costs Sap about $.50 to make a can of its beverage, and since launching about 15 months ago, Nikita and Chas admitted that they had about $400,000 in total sales.
Mark Cuban and Barbara Corcoran were the first two sharks to drop out without making an offer. Robert Herjavec decided to make an offer of $600,000 in exchange for 30% equity.
Nikita and Chas tried to convince Robert to come down on the equity a little bit but ultimately decided to walk away from a deal due to the amount of equity that would have to be given away. Let’s quickly check on the Sap update to see how the company is doing since appearing on
We are happy to report that at the time of writing Sap is still in business. Customers can purchase the beverage either on Amazon or through the company’s official website.
While Nikita and Chas did not receive a deal on
When we get a more detailed Sap update, we will be sure to let you know.
You can find the other company updates from Season 9 Episode 21 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from