What Happened to Sub Zero Ice Cream after the Shark Tank Pitch?

Below are the best information about Sub zero ice cream shark tank voted by readers and compiled and edited by our team, let’s find out

Video Sub zero ice cream shark tank

What is Sub Zero Ice Cream?

Sub Zero Ice Cream is a store where customers may pick a cream base and then have it flash frozen using liquid nitrogen.

It’s quite a spectacle, and because the water doesn’t freeze into giant ice crystals, it’s smoother and creamier than regular ice cream.

The approach saves money since there is less waste and no need for freezers.

The ice cream is creamier than standard liquid nitrogen-processed desserts.

Ice cream fans may indulge in ice cream at the original Utah location or one of 16 franchised Sub Zero Ice Cream locations.

Hancock and franchisees display the liquid nitrogen process in local schools, providing a creative method of marketing new franchises.

The firm was established in 2004 and began franchising in 2005; it is a 2013 Entrepreneur Magazine Top 500 Franchise.

Who are the Founders of Sub Zero Ice Cream?

Jerry and Naomi Hancock, a husband and wife combination, founded Sub Zero Ice Cream.

Jerry has a chemistry degree from Brigham Young University and a history in design and sales. He offers to the frozen dessert sector a large network of thoughts, inventions, and ideas.

Naomi worked as a teacher and park ranger, and she has a degree in English and secondary education. Her experience compliments Jerry’s devotion.

Jerry and Naomi Hancock were drawn to the concept of “customizable cuisine,” and they wanted to apply it to sweets.

Jerry, who has a chemical background, set about developing a way to freeze ice cream using nothing but liquid nitrogen.

Jerry and Naomi established their first Sub Zero Ice Cream in 2004 after discovering success and a really clever technique to manufacture a delicious and personalized dessert.

What Happened to Sub Zero Ice Cream at the Shark Tank Pitch?

Jerry and Naomi Hancock appeared on Shark Tank season 4 episode 14 in search of a $300,000 investment in exchange for a 12 percent stake in their firm. This translates to a $2.5 million valuation.

In under a minute, fresh ice cream is made in front of the consumer from a variety of flavours.

The Sharks are impressed with the product’s presentation and quality, but there’s more to sweeten the sale.

With two corporate stores, eighteen franchisees, and eight more on the way, the company is well established.

Sales were $2 million in the previous year, with sales of $4 million predicted for the next year.

The couple lost $500,000 as a result of a terrible collaboration. They want to use the Shark’s marketing abilities.

Daymond stated that he was hesitant to dedicate a significant amount of time to supporting the firm in this manner, and he walked out of discussions with little reason.

Kevin O’Leary does not find the product “interesting,” believes the ice cream business is “very congested,” and does not understand the company’s worth. Kevin also fell out.

Robert Herjavec does not believe it makes sense to bring in another new partner.

Lori Greiner couldn’t see why they needed anyone else; they were capable of succeeding on their own. As a result, she was absent.

Mark Cuban, the last Shark, does not “want to be in the ice cream franchise business.” He exits the stage, and the couple exit the stage without a Shark agreement.

What Happened to Sub Zero Ice Cream after the Shark Tank Pitch?

Despite the fact that the Sharks rejected the proposal, the company appears to be gaining traction. The franchisees continue to expand, both domestically and globally.

Five years after Shark Tank, there are currently over 50 Sub Zero Ice Cream retail locations across the United States.

Sub Zero Ice Cream was recognized one of the top ten best franchises to buy from Shark Tank by Forbes in 2017.

Sub Zero may not have tempted a Shark deal, but the unique ice cream flavour is a customer favourite.

There are more than 50 franchisees in operating as of August 2021, with an annual income of more than $5 million.

What is the Net Worth of Sub Zero Ice Cream?

Jerry and Naomi Hancock appeared on Shark Tank in search of a $300,000 investment in exchange for a 12 percent stake in their firm. This translates to a $2.5 million valuation.

Current valuation is evidently higher since the Company has grown.

Who are the Competitors of Sub Zero Ice Cream?

Sub Zero Ice Cream’s net worth is unavailable.

Sub Zero Ice Cream FAQS

What is Sub Zero Ice Cream?

Sub Zero Ice Cream is a Company where customers may pick a cream base and then have it flash frozen using liquid nitrogen.

Who founded Sub Zero Ice Cream?

Jerry and Naomi Hancock are the founders of Sub Zero Ice Cream.

How much were they seeking in the Shark Tank?

They were seeking $300,000 in exchange for a 12% stake in their firm. This translates to $2.5 million valuation.

Did they get the deal?

No, they walked away from the Sharks without a deal.

Is Sub Zero Ice Cream still in business?

Yes, there are more than 50 franchisees in operating as of August 2021, with an annual income of more than $5 million.

How much does it cost to open a Sub Zero Ice Cream franchise?

The franchise fee for Sub Zero Ice Cream is up to $35,000, with a total initial investment range of $219,450 to $475,500.

Where is Sub Zero Ice Cream located?

Sub Zero Ice Cream is headquartered in Provo, Utah.

What is website address of Sub Zero Ice Cream?

The website address of Sub Zero Ice Cream is www.subzeroicecream.com.

What is the estimated annual revenue of Sub Zero Ice Cream?

Estimated annual revenue of Sub Zero Ice Cream is $5 million.

When was Sub Zero Ice Cream established?

Sub Zero Ice Cream was established in 2004, and it began franchising in 2005.

Who is CEO OF Sub Zero Ice Cream?

Jerry Hancock is the CEO of Sub Zero Ice Cream.

What ice cream does Sub Zero use?

Sub Zero Ice Cream is a network of charming tiny ice cream shops where they not only produce their own ice cream, but it’s made by injecting liquid nitrogen.

What is the total number of Sub Zero Ice Cream locations?

Sub Zero established its first franchise store in 2008. Others quickly followed and their running franchise sites have now grown to over 50 outlets.

Is Sub Zero ice cream safe to eat?

The liquid nitrogen procedure utilized by Sub Zero is absolutely safe – the liquid nitrogen is completely evaporated when supplied to the client, and it never touches the customer’s container. The “smoke” they observe is actually water.

What is the net worth of Jerry Hancock?

Jerry Hancock’s net worth is unavailable.

What is the net worth of Naomi Hancock?

Naomi Hancock’s net worth is unavailable.

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