Ice Cream Canteen Update | Shark Tank Season 14
Jordan Stern has created an innovative ice cream storage canteen, that he says will keep ice cream frozen on the go for hours without melting. Will his product earn him a deal on
Shark Tank Ice Cream Canteen Update
- Entrepreneurs: Jordan Stern
- Business: Container for ice cream
- Ask: $100,000 for 5% equity
- Result: $100,000 for 20% equity + $100,000 line of credit
- Sharks: Mark Cuban and Lori Greiner
Jordan has developed the Ice Cream Canteen, a unique storage container that can keep ice cream frozen for hours. The option to pre-chill the canteen is also available, but not necessary to keep the ice cream cold.
THE ORIGINAL! The Ice Cream Canteen is the world's first vacuum insulated container for the pint of ice cream. ICE CREAM ANYWHERE! Premium copper lined double wall vacuum insulation will keep any pint frozen for up to 4 hours.
A single unit of the Ice Cream Canteen is sold to consumers at a price of $44.99. It costs just around $7.50 to manufacture a single unit.
The margins were pretty good, but the sharks were concerned about two competitors that had developed a similar ice cream canteen.
During the 2021 calendar year, the Ice Cream Canteen secured more than $90,000 in gross revenue sales and the company had already doubled those numbers through half of the 2022 calendar year.
Kevin O’Leary liked the product and wanted to make an offer of $100,000 for 30% equity. Daymond John had a very different opinion and blasted the company’s valuation before dropping out.
Lori Greiner and Mark Cuban teamed up to offer $100,000 for 25% equity, and they would also offer an additional $100,000 as a line of credit.
Jordan countered them at 15% equity, and they countered back with an additional $100,000 line of credit, and 20% equity.
Jordan accepted the offer and left
We have good news to share in our Ice Cream Canteen update! The company is still in business and has an excellent reputation on Amazon. The popularity of
Aside from Amazon, products are also available on the Ice Cream Canteen website. With Mark and Lori on the team, we can’t wait to see where our next the Ice Cream Canteen update takes us!
Do you want to learn about the other companies featured in Season 14 Episode 18? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!