Soupergirl Update | Shark Tank Season 10

Before we take a look at our Soupergirl update from Shark Tank Season 10 Episode 3, let’s take a look at how Sara and Marilyn Polin did in the tank. They came in asking for $500,000 for 10% of their company, valuing their own business at exactly $5 million. They would have to do a lot of convincing if the sharks are to believe that significant valuation.

Shark Tank Soupergirl Update

• Entrepreneurs: Sara Polin and Marilyn Polin
• Business: Healthy soup alternative
• Ask: $500,000 for 10% equity
• Result: No deal
• Shark: None

Sara revealed that she has been working in the food industry since 2008. While the sharks were impressed with the tasting demonstration of the various soup flavors, Kevin O’Leary wanted to hear more about the duo’s financial numbers before making an offer.

After only a few seconds, Sara started spewing out sales numbers for 2016 and beyond. She revealed that the company generated $1.4 million in sales during the 2016 calendar year and nearly doubled that to $2.4 million in 2017. At the time of the pitch, early projections show the potential to achieve $3.4 million, according to Sara and Marilyn.

Unfortunately, there was one major catch to the entire story. Sara discussed the fact that the company only made a mere 5% profit on the $2.4 million in sales during 2017, immediately sparking various concerns with each of the sharks. The sharks wanted Sara to find a co-packer to help improve margins but Sara says that would hurt the soup’s flavor and overall quality.

Mark Cuban decided to make a stunning statement to Sara, suggesting that her company was very close to going out of business. For that reason specifically, he decided to drop out instead of making her an offer. Kevin also dropped out because he believed the company was worth $100,000 or less, rather than the $5,000,000 valuation that Sara was asking for.

Daymond John also dropped out because he didn’t see any path to a return on his investment. It wasn’t long before the final two sharks also dropped out, forcing Sara and Marilyn to leave the tank without a deal. So, how’s the company doing now? Let’s take a look at our Soupergirl update.

There was some positive news in the weeks after Sara and Marilyn left Shark Tank.  During research for our Soupergirls update, we found that they managed to boost revenue to more than $6 million in 2019. A few years later, they have grown some more and currently generate more than $9 million per year.

Sara has her high-quality soups in Whole Foods and Kroger stores and is continuing to look for additional locations and retailers. If you’d like to try it, you can place an order through its website.

You can find the other company updates from Season 10 here:

• Bundil Investment App Update
• Beyond Sushi Update
• Cup Board Pro Update

Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from Shark Tank Season 10.